Stability AI, the world’s leading open-source generative AI company, announces that it has acquired Init ML, makers of the globally popular imaging tool Clipdrop. The deal bolsters Stability AI’s drive to build best-in-class applications using its powerful open-source generative AI models. It also provides Clipdrop’s developers with advanced AI technology and computing power for its next generation of imaging tools.
California-based semiconductor firm Advanced Micro Devices’ (AMD) India arm contributes nearly 100% of the solutions to its data centre business. AMD’s data centre business posted over $6 billion in revenue during 2022. The business comprises 25% of the organization’s total revenue of $23.6 billion.
Sprinklr, the unified customer experience management platform for modern enterprises announced its continued expansion in the Australia and New Zealand market with the launch of a local data hosting solution for the Sprinklr platform. Customers now have the option to host data in Australia through Sprinklr’s hosting services provider. The company also provides hosting solutions in the US, Europe and the UAE.
Martech keeps taking larger bites out of marketing budgets: 17.3% last year, 19.9% this year, 23.5% next year, and 30.9% five years from now, according to the latest CMO Survey. This despite barely more than half (56.4%) of current tools being used and nearly half (48.8%) of the survey respondents reporting worse-than-expected results. Oddly enough, marketers rate selecting marketing technologies as the thing they do best.