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  <ul>
    <li>
      <p>
        Bloomreach, a marketing cloud for retail and ecommerce brands, has unveiled a new product called Bloomreach Clarity, designed to provide personalized, human-like product expertise to online shoppers, which it claims is industry-first.
      </p>
    </li>
    <li>
      <p>
        The new solution, powered by generative AI and large language models, enables engaging interactions with online shoppers. The data-driven solution integrates across channels like websites, chat, and SMS, improving accessibility and the customer experience. It also offers control and optimization features, allowing merchandisers to combine expertise with AI, real-time targeting, personalized conversations, and brand-consistent communication.
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://www.bloomreach.com/en/news/2023/bloomreach-announces-clarity">
      Press release&nbsp;
    </a>
  </p>
  <p>
  </p>
</div>


Marketing Automation

Bloomreach has launched a new product called Bloomreach Clarity that aims to provide personalized and human-like product expertise to online shoppers. It uses generative AI and large language models to deliver engaging interactions across channels like websites, chat, and SMS. The solution also offers control and optimization features that allow merchandisers to combine expertise with AI, real-time targeting, personalized conversations, and brand-consistent communication. Bloomreach Clarity claims to be an industry-first in delivering this level of personalized customer experience.

Bloomreach launches personalized customer expertise solution 'Clarity'

Foundation Models

INCUMBENTS_PRESENT

PROMINENT_CATEGORY

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 <p>Tencent has made improvements to and open-sourced its text-to-image large model (LM), known as Hunyuan. This model is reportedly the first Chinese diffusion model to use the Transformer (DiT) architecture and has a parameter size of 1.5 billion, making it an open-source text-to-image model. </p>
 <p>According to Tencent, the upgraded model shows enhanced capability in generating visual models, displaying a progress of over 20% compared to its predecessors. </p>
 <p>Hunyuan is available for use on platforms like Hugging Face and Github, and it is permission-free for commercial exploitation.</p>

</div>

Tencent upgrades and open sources text-to-image LM 'Hunyuan'

<div>

<p>AssetWatch, a firm offering continuous monitoring services, has garnered USD 38 million in a Series B fundraiser. The round was led by Wellington Management and featured involvement from G2 Venture Partners, Triangle Peak Partners, Standard Investments, Osage University Partners, and JobsOhio Growth Capital Fund.</p>
<p>The company intends to utilize this investment to hasten innovation processes and aid in business expansion.</p>

</div>

AssetWatch raised USD 38 million in Series B funding to accelerate innovation

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 <p>Scotland-based AI startup, Malted AI, has secured EUR 6.9 million (~USD 7.5 million) in seed funding through a round led by Hoxton Ventures and with contributions from Creator Fund and various angel investors.</p>
 <p>The invested funds will be utilized for research, product development and staff recruitment to expand the existing team.</p>
 <p>The technology provided by Malted AI is aimed at reducing large language models (LLMs) to smaller, highly specialized language models (SLMs). These SLMs help reduce costs and improve performance in AI-related tasks, thereby providing more efficient and precise solutions to complex challenges faced by enterprises.</p>
 
</div>

Malted AI raises EUR 6.9 million in seed funding round for research and development

<div>
 
 <p>The co-founder of Instagram, Mike Krieger, has been named the very first chief product officer (CPO) for Anthropic, a firm focused on creating AI technology and applications. In this role, he will oversee product design, engineering, and management as Anthropic continues to grow its AI applications offerings. Moreover, he will manage the company's software, subscriptions, and professional services.</p> 
 <p>Krieger departed Instagram in 2018 and subsequently co-founded Artifact - a customized news application that was later bought by Yahoo. His significant contributions to user experience and product development at Instagram before its acquisition by Meta were key to the platform's success.</p>
 
</div>

Instagram co-founder Mike Krieger joins Anthropic as chief product officer

Exploring the limitless possibilities of AI

Generative AI Applications

<div>
 
 <p>Mike Krieger, co-founder of Instagram, has been named the initial chief product officer at Anthropic, a company dedicated to AI application and technology creation.</p>
 <p>In his new role as CPO, Krieger will oversee product engineering, management, and design at Anthropic. This responsibility extends to the company's enterprise services, subscriptions, and software as it continues to broaden its AI application offerings.</p>
 <p>Before co-founding Artifact, a personalized news app acquired by Yahoo, Krieger left Instagram in 2018. During his time with Instagram, he played a key role in its success, substantially influencing its user experience and product development before Meta's acquisition.</p>
 
</div>

<div>
 
 <p>Cerebras Systems is a firm that develops computing systems designed to boost AI workload performance. They have teamed up with Aleph Alpha, a tech startup from Germany that specializes in LLMs. This collaboration aims to allow for the development of enhanced, secure artificial intelligence systems.</p>
 <p>Aleph Alpha, courtesy of this partnership, will be the first to utilize Cerebras CS-3 AI supercomputers inside its foremost European datacenter, Alpha ONE. This joint venture aspires to offer the public sector and privately owned businesses a different type of AI model architecture to manage data in a secure and reliable manner.</p>
 <p>The initial results expected from this partnership include Gen AI models that are exhaustively trained to meet the highest accuracy standards using BWI, primarily for the use of the German Armed Forces. Both companies also intend to research the possibility of formulating foundation models, multimodal models, and new model architectures as part of their partnership.</p>
 
</div>

Cerebras Systems partners with Aleph Alpha to develop secure sovereign AI solutions

Empowering Tomorrow's Innovations with Generative AI Infrastructure

Generative AI Infrastructure

<div>
 
 <p>Cerebras Systems, an AI computing chips and systems developer, has joined forces with Aleph Alpha, a German tech firm specializing in LLMs. The goal is to create advanced, secure AI solutions.</p>
 <p>Aleph Alpha will be the first to utilize Cerebras CS-3 AI supercomputers in its primary European datacenter, Alpha ONE, as part of the cooperation. This partnership aims to offer new AI model architectures for secure and reliable data management to the public sector and private companies.</p>
 <p>Among the partnership’s first outcomes will be Gen AI models, trained using BWI to the strictest accuracy standards for the German Armed Forces. The companies intend to further explore the creation of foundation models, multimodal models, and new model designs.</p>
 
</div>

Next-gen packaging solutions for enhanced product tracking, inspection solutions and freshness monitoring

Smart Packaging Tech

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<p>Oceansix Future Paths Ltd, a company providing recycling and manufacturing technology solutions, has acquired Original RePack Oy (RePack), a Finnish company specializing in reusable packaging systems, for CAD 2.4 million or approximately USD 1.8 million.</p> 

<p>With this acquisition, Oceansix aims to leverage RePack's knowledge and expertise in reusable packaging to lessen reliance on single-use packaging in the ecommerce sector.</p> 

<p>RePack focuses on producing sustainable products and offering business model solutions for ecommerce. They design efficient systems that reuse to limit the need for constantly replenishing packaging. Additionally, they uphold sustainability by introducing a convenient return system for customers.</p>

<p>Oceansix Future Paths, also known as Alkemy, is an Israel-based environmental technology firm specializing in recycling and creating products from used polyethylene bags and sheets. It produces and markets recycled polyethylene-based products, which include geomembranes, sheets, root barriers, and gas barriers.</p>

</div>

Oceansix acquires Original RePack Oy for CAD 2.4 million; aims to reduce single-use packaging

<div>
 
 <p>AWS has recently made Amazon Bedrock available in the Asia-Pacific (Mumbai) Region. This managed service is designed to help users to create and scale up GenAI applications.</p>
 <p>According to Amazon, the launch of Amazon Bedrock in India is expected to drive innovation across various organizations including large enterprises, startups, independent software vendors, and public sector entities. This service is also anticipated to aid in GenAI employee training.</p>
 
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Amazon Bedrock launches AWS in Asia-Pacific (Mumbai) region

Travel Tech

<div>
 
 <p>Vacation rental company Holidu has acquired Clubrural, a firm that specializes in rural rentals in Spain and Portugal. The plan is to incorporate Clubrural into Holidu's services, offering homeowners increased access and exposure to a global customer base.</p>
 <p>This initiative aims to streamline homeowners' operations and facilitate business growth within the European tourism industry. As part of the merger, Holidu will provide calendar management, payment management, and other services to optimize homeowner operations.</p>
 <p>Clubrural originates from Spain and serves as a platform for rural vacation rentals and accommodations. As a search engine, it connects users to rural homes, apartments, and hotels throughout Spain and Portugal. Its current portfolio boasts 28,000 homes and apartments, with roughly 15 million people visiting the site annually.</p>
 
</div>

All Updates

Tencent upgrades and open sources text-to-image LM 'Hunyuan'

AssetWatch raised USD 38 million in Series B funding to accelerate innovation

Malted AI raises EUR 6.9 million in seed funding round for research and development

Instagram co-founder Mike Krieger joins Anthropic as chief product officer

Instagram co-founder Mike Krieger joins Anthropic as chief product officer

Cerebras Systems partners with Aleph Alpha to develop secure sovereign AI solutions

Cerebras Systems partners with Aleph Alpha to develop secure sovereign AI solutions

Oceansix acquires Original RePack Oy for CAD 2.4 million; aims to reduce single-use packaging

Amazon Bedrock launches AWS in Asia-Pacific (Mumbai) region

Holidu acquires Clubrural to expand rural vacation rental inventory in Spain and Portugal