<div>
  <p>
  </p>
  <ul>
    <li>
      <p>
        AvidXchange, an AP automation platform provider, has partnered strategically with MIP Fund Accounting, a cloud-based accounting solution for nonprofits and government organizations. The partnership also includes integrating a new invoice-to-pay application programming interface (API).
      </p>
    </li>
    <li>
      <p>
        The collaboration allows MIP Fund Accounting to offer AvidXchange as an automation solution to its 6,000 customers countrywide.
      </p>
    </li>
    <li>
      <p>
        It allegedly enables a smoother invoice processing and payment procedure, reduces manual tasks, provides improved control and transparency, and allows customers more time to concentrate on strategic organizational objectives.
      </p>
    </li>
    <li>
      <p>
        With this partnership and integration, AvidXchange and MIP Fund Accounting aim to increase efficiency and security in invoice-to-pay processes for their customers.
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://www.globenewswire.com/news-release/2024/05/23/2887295/37161/en/AvidXchange-Announces-Strategic-Partnership-and-API-Integration-with-MIP-Fund-Accounting-by-Community-Brands-to-Transform-Invoice-to-Pay-Processes-for-Social-Good-Entities.html">
      Press release
    </a>
  </p>
</div>


Business Expense Management

PROMINENT_CATEGORY

<div>
 
 <p>AvidXchange, a provider of AP automation platforms, has formed a strategic partnership with MIP Fund Accounting, a cloud-based accounting solution for nonprofits and government organizations. They plan to integrate a new invoice-to-pay application programming interface (API).</p>
 <p>This partnership allows MIP Fund Accounting to provide AvidXchange as an automation solution to its 6,000 customers across the country.</p>
 <p>It reportedly allows for smoother invoice processing and payment procedures, reducing manual labor, increasing control and transparency, and giving customers more time to focus on strategic organizational goals.</p>
 <p>AvidXchange and MIP Fund Accounting aim to increase the efficiency and security of invoice-to-pay processes for their customers through this partnership and integration.</p>
 
</div>

AvidXchange partners with MIP fund accounting to automate accounts payable process

Exploring the limitless possibilities of AI

Generative AI Applications

<div>
 <p>OpenAI has obtained a revolving credit line worth USD 4 billion, with contributions from nine banks such as Wells Fargo, JPMorgan Chase, and Santander. This is an addition to the recent <a href="https://sp-edge.com/updates/34311"> USD 6.6 billion </a> funding round, resulting in a post-money valuation of USD 157 billion.</p>
 <p>The credit line aims to supply OpenAI with over USD 10 billion in liquidity, making room for investment in fresh projects.</p>
 <p>OpenAI is predicted to bring in USD 3.7 billion in revenue this year, however, it is reportedly going to face USD 5 billion in losses due to operational expenses.</p>
</div>

​​OpenAI secures USD 4 billion revolving line of credit

Empowering Tomorrow's Innovations with Generative AI Infrastructure

Generative AI Infrastructure

ANALYST_QUICK_TAKE

INCUMBENTS_PRESENT

<div>
 <p>Oracle has rolled out new HeatWave features, introducing GenAI capabilities. The updated features are accessible on both Oracle Cloud Infrastructure (OCI) and Amazon Web Services (AWS).</p>
 <p>The latest HeatWave aspects consist of HeatWave GenAI, offering automatic and secure GenAI integration. This feature allows developers to create AI applications without specific domain expertise. Other upgrades encompass HeatWave Lakehouse for large data store queries, native JavaScript backing, and HeatWave Autopilot indexing.</p>
 <p>According to Oracle, these enhancements are set to support businesses in deploying lakehouse and machine learning applications across diverse scenarios. The updates will also boost the performance and manageability of transaction applications.&nbsp;</p>
 
</div> <p><b>Analyst QuickTake:<br>
</b> Oracle has steadily increased its involvement in the GenAI infrastructure space through various initiatives and product upgrades. In <a href="https:<br>
//sp-edge.com/updates/33640"> September 2024, </a> it introduced a generative development infrastructure designed for enterprises. Earlier, in <a href="https:<br>
//sp-edge.com/updates/25852"> January 2024 </a> , Oracle also launched its OCI GenAI service, aimed at helping businesses deploy and fine-tune large language models (LLMs).</p>

Oracle adds GenAI capabilities to HeatWave to improve performance of transactional applications

<div>
 <p>Cohere has announced updates to its fine-tuning service for large language models, designed to facilitate faster AI adoption in enterprises. These updates offer businesses increased control and transparency in customizing AI models, and are compatible with Cohere's latest Command R 08-2024 model.</p>
 <p>New features in the updated service include support for fine-tuning the Command R 08-2024 model, integration with Weights &amp; Biases for real-time monitoring of training metrics, and an extended maximum training context length to 16,384 tokens. These advances allow for quicker response times, greater throughput, and fine-tuning on lengthier text sequences.</p>
 <p>According to Cohere, these enhancements could result in significant cost savings for enterprises with high-volume deployments, enabling better performance on specific tasks with less compute resources.</p>
 
</div>

Cohere updates fine-tuning service for AI language models and enhances offering

<div>
 <p>Dataiku, a platform specializing in enterprise AI and machine learning, has launched LLM Guard Services. This suite is created to oversee enterprise GenAI deployments from the initial experimental phase to full-scale production. LLM Guard Services is a feature of Dataiku's LLM Mesh and comprises part of its Universal AI Platform.</p>
 <p>The package primarily presents three solutions. "Cost Guard" maintains a check on LLM usage costs, "Safe Guard" examines requests and responses to prevent data misuse and leakage, and "Quality Guard" supplies non-code evaluation metrics for extensive language models and GenAI applications. The goal of this suite is to administer supervision and guarantee proper LLM choice and usage within enterprises.</p>
 <p>Dataiku indicates that LLM Guard Services is capable of preventing expensive delays and the spread of unapproved "shadow AI". Additionally, it enhances transparency, promotes inclusive collaboration, and fortifies trust in GenAI projects among various teams.</p>
 
</div>

Dataiku launches LLM Guard Services to manage enterprise GenAI deployments

Foundation Models

<div>
 <p>Black Forest Labs has introduced Flux 1.1 Pro, a new text-to-image model, and a paid API for integrating the model into applications. API pricing begins at USD 0.04 per image. The new model improves on its predecessor with faster generation speed, better image quality, improved prompt adherence, and increased diversity.It also supports ultra-high-resolution images up to 2k and it has the highest ELO score of 1153 on the Artificial Analysis image arena leaderboard. The API allows users to modify model choice, resolution, and content moderation according to their needs.</p>
 <p>The new model and API, according to the company, improves workflow efficiency, advanced customization options, and scalability for all types of applications, from small to enterprise level.</p>
 
</div>

Black Forest Labs launches Flux 1.1 Pro and new API

<div>
 <p>Cohere, a Canadian AI startup that creates large language models (LLMs), has rolled out significant updates to its LLM fine-tuning service.</p>
 <p>New features include support for the Command R 08-2024 model, integration with Weights &amp; Biases for tracking training metrics in real-time, and a higher maximum training context length of 16,384 tokens. These improvements give companies more control and visibility in customizing AI models for specific tasks.</p>
 <p>Cohere suggests that the Command R 08-2024 model provides quicker response times than bigger models, which could result in cost savings for large-scale enterprise applications. The updates could also be highly beneficial for industries with specialized terminology or unique data formats, such as healthcare, finance, or legal services.</p>
</div>

Cohere updates fine-tuning service for AI language models

<div>
 <p>Appy Pie, a no-code development platform, has launched a new AI model named "Flawless Text". This model is aimed to aid in the generation of error-free and context-appropriate text within AI-generated images. Plus, the output text created can be embedded into applications via the 'Flawless Text API'.</p>
</div>

Appy Pie launches AI model 'Flawless Text' for image generation

Now anyone can become a software developer.

No-code Software

<div>
 <p>Appy Pie, a no-code development platform, has launched "Flawless Text," an innovative AI model intended for its image generation solution. This model is aimed at creating error-free and contextually relevant text within AI-generated images. Most significantly, the generated text can be incorporated into applications using the 'Flawless Text API.'</p>
</div>

Quantum information processing is slowly becoming a reality, ushering in a new technological era.

Quantum Computing

<div>
 
 <p>Terra Quantum, a Swiss quantum software firm, has together with RWTH Aachen University, made strides in molecular modeling with the use of quantum tensor network-based methodology.</p>
 <p>This innovative method has proven to be 5x–20x speedier in the molecular conformer search process than regular formulas, with superior consistency and flexibility. It has successfully been applied to molecules like penicillin and ritonavir. Upcoming studies aim to investigate its application on larger molecules, particularly those relevant in protein binding and drug creation.</p>
 
</div>

Terra Quantum partners with RWTH Aachen University to enhance molecular conformer search in drug discovery

Functional Nutrition

<div>
 
 <p>GenoPalate, a company specializing in personalized nutritional management, has introduced an updated version of its Food Index Report. This improvement aims to simplify dietary guidance for all its members.</p>
 <p>The recent development features an upgraded algorithm, extensive nutrient evaluation, an easily comprehensible numeric and color-coded grading system, and an extended food database. These advancements assist users in pinpointing foods that meet their dietary needs based on their unique genetic makeup.</p>
 
</div>

All Updates

AvidXchange partners with MIP fund accounting to automate accounts payable process

OpenAI secures USD 4 billion revolving line of credit

Oracle adds GenAI capabilities to HeatWave to improve performance of transactional applications

Cohere updates fine-tuning service for AI language models and enhances offering

Dataiku launches LLM Guard Services to manage enterprise GenAI deployments

Black Forest Labs launches Flux 1.1 Pro and new API

Cohere updates fine-tuning service for AI language models

Appy Pie launches AI model 'Flawless Text' for image generation

Appy Pie launches AI model 'Flawless Text' for image generation

Terra Quantum partners with RWTH Aachen University to enhance molecular conformer search in drug discovery

GenoPalate launches upgraded Food Index Report for personalized nutritional guidance

Business Expense Management

AvidXchange partners with MIP fund accounting to automate accounts payable process

Contact us

All Updates

AvidXchange partners with MIP fund accounting to automate accounts payable process

​​OpenAI secures USD 4 billion revolving line of credit

Oracle adds GenAI capabilities to HeatWave to improve performance of transactional applications

Cohere updates fine-tuning service for AI language models and enhances offering

Dataiku launches LLM Guard Services to manage enterprise GenAI deployments

Black Forest Labs launches Flux 1.1 Pro and new API

Cohere updates fine-tuning service for AI language models

Appy Pie launches AI model 'Flawless Text' for image generation

Appy Pie launches AI model 'Flawless Text' for image generation

Terra Quantum partners with RWTH Aachen University to enhance molecular conformer search in drug discovery

GenoPalate launches upgraded Food Index Report for personalized nutritional guidance

Business Expense Management

AvidXchange partners with MIP fund accounting to automate accounts payable process

Contact us

OpenAI secures USD 4 billion revolving line of credit