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AI in business this week: Legal research, customer insights, and processors

Have you ever imagined AI streamlining legal research or empowering businesses to predict customer behavior? In today’s rapidly evolving tech landscape, these advancements are becoming a reality.

Companies like Salesforce, Litera, Google Cloud, and Intel are at the forefront, introducing cutting-edge solutions that address the evolving needs of businesses and professionals worldwide. From AI-powered legal research tools to transformative business intelligence applications, the following articles delve into the latest developments shaping the tech industry and how they’re revolutionizing the way we work.

Salesforce Extends Reach to AWS Marketplace in Australia

Salesforce (NYSE: CRM) has announced the availability of select Salesforce products on the AWS Marketplace in Australia. This move, following recent launches in the US and Europe, expands the accessibility of Salesforce solutions to customers in the Australian market.

AWS Marketplace offers a digital catalogue of thousands of software listings from independent vendors, streamlining the process of finding, testing, purchasing, and deploying software that operates on Amazon Web Services (AWS). Among the Salesforce products now accessible through AWS Marketplace are Data Cloud, Service Cloud, Sales Cloud, Industry Clouds, Tableau, MuleSoft, Platform, Signature Success, Slack, and Heroku. This integration simplifies subscription and management processes for AWS customers, providing a unified view of IT spend, streamlined procurement, and flexible options such as private pricing and consolidated billing through AWS.

Litera, a prominent figure in legal technology solutions globally, has unveiled Foundation Dragon, an innovative generative AI (GenAI) deal term database. Foundation Dragon, a first-of-its-kind offering, furnishes legal teams with instant access to pertinent data points extracted from previous corporate transactions.

Leveraging AI within the Foundation platform, Dragon aggregates and organizes relevant data points from unstructured data found within firm documents. By swiftly and accurately processing extensive deal data, Dragon empowers firms to negotiate from positions of strength and secure more business opportunities.

Addressing the challenge of dispersed data across various systems, Foundation Dragon transforms unstructured deal terms into structured data, enhancing the value of the Foundation platform. Together, these tools provide lawyers with unparalleled access to a firm’s collective knowledge base.

Google Cloud Next ‘24: Transforming Businesses with AI

At Google Cloud Next ‘24, Google Cloud unveiled significant announcements aimed at facilitating business transformation through AI. With its comprehensive AI portfolio encompassing infrastructure, Gemini, models, and Vertex AI, Google Cloud empowers customers and partners to develop sophisticated AI agents for diverse applications.

Australian companies like Canva and Woolworths are harnessing Google Cloud’s AI tools to enhance customer and employee services. Canva utilizes Vertex AI to power Magic Design for Video, enabling customers to create engaging videos swiftly. Woolworths is driving adoption of Gemini for Google Workspace, aiming to boost team productivity. Moreover, Google Cloud announced the expansion of data residency for Generative AI on Vertex AI services to 11 new countries, including Australia. This initiative offers local customers greater control over data storage and access, facilitating compliance with regulatory and security standards worldwide. Key announcements from Google Cloud Next ‘24 include the introduction of Google Vids, an AI-powered video creation app for work, alongside new AI Meetings and Messaging add-ons and an AI Security add-on for Workspace administrators.

Intel Unveils Gaudi 3 AI Processor to Challenge Nvidia

Intel has disclosed the architectural details of its Gaudi 3 third-generation AI processor at Vision 2024 in Phoenix, Arizona. Comprising two identical silicon dies connected via a high-bandwidth link, Gaudi 3 features 48 megabytes of cache memory at its core, surrounded by four engines for matrix multiplication and 32 tensor processor cores. With double the AI compute power of its predecessor, Gaudi 3 supports computations using 8-bit floating-point infrastructure and delivers a fourfold boost for computations using the BFloat 16 number format.

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Yajush Gupta

Yajush Gupta

Yajush is a journalist at Dynamic Business. He previously worked with Reuters as a business correspondent and holds a postgrad degree in print journalism.

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