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JPMorgan Chase CEO Jamie Dimon issued his annual shareholder letter and provided an incremental update on the company's artificial intelligence efforts as well as private cloud buildout.
In the letter, Dimon covered the expected interest rate outlook and geopolitical uncertainty, but also spent a good bit of space on AI, generative AI and transitioning to the cloud, which enables JPMorgan Chase to roll out services faster.
Insight Blog
Two questions have haunted me for two decades: first, can we really address security without addressing networks? Second, are observability and security like oil and water? With customers adopting SASE (Secure Access Service Edge) solutions, we have begun to see a convergence of networks and security. Now, with Splunk's acquisition, Cisco has answered my second question.
Analyst Blog
Enterprises need to focus on data lakehouse strategies in 2024 to properly take advantage of generative AI; model architecture will be critical to managing large and small models; fine tuning is more difficult than you'd think; and CXOs were weary of database vendors glomming on to genAI hype.
Those were some of the takeaways from Constellation Research's April 5 BT150 CXO meetup.
These gatherings, held under Chatham House rules, are a venue to share information and emerging trends.
Insight Blog
The debate over generative AI and its impact on the workforce is just heating up since the technology hasn't scaled at most enterprises. One of the biggest questions to ponder is whether genAI's impact will be muted by demographics.
Last week, we covered the intersection of tech layoffs, generative AI and middle management, which is taking the biggest hit. The Daily Show's Jon Stewart also had an interesting riff on the "promise of AI."
Insight Blog
Wipro names Pallia CEO to replace DelaporteWipro has named Srini Pallia CEO effective immediately replacing Thierry Delaporte, who stepped down to pursue other interests.
Insight Blog
AI's Impact on Work & Leadership
DisrupTV Episode 359 — Featuring Paul Daugherty & Eric Siegel
In this episode, hosts R “Ray” Wang and Vala Afshar engage with:
Paul Daugherty, Chief Technology and Innovation Officer at Accenture
Eric Siegel, Author of The AI Playbook: Mastering the Rare Art of Machine Learning Deployment
They delve into AI's transformative role in business, focusing on ethical deployment and leadership adaptation.
Video
Archetype AI has raised $13 million in seed funding and launched Newton, a foundational model that is built to understand the physical world via data signals from accelerometers, gyroscopes, radars, cameras, microphones, thermometers and other environmental sensors.
Newton aims to take physical data and combine them with natural language to provide insights about the physical world. Architype AI's funding round was led by Venrock and included Amazon Industrial Innovation Fund, Hitachi Ventures, Buckley Ventures and Plug and Play Ventures.
Insight Blog
DataStax said it will acquire Logspace, which is the company behind Langflow, an open-source framework for retrieval-augmented generation (RAG) applications. Logspace's Langflow team will continue to run independently with a focus on development and community.
Langflow features visual tools to iterate on data flows and build LangChain RAG applications and deploy them in a click.
Insight Blog
Matt Wood, Vice President of AI at AWS, outlined how enterprises will mix and match multiple models depending on use case, the need for orchestration and how regulated industries may have an advantage in adopting genAI.
Wood spoke with industry analysts including me and Doug Henschen at AWS' New York offices. Here are some of the key themes to note.
Insight Blog
Palantir will move its workloads to Oracle Cloud Infrastructure in a partnership that also includes the two companies jointly selling to governments as well as enterprises.
Insight Blog
CEOs are ramping up generative AI adoption as they shift from pilots to active usage, according to the Winter 2024 Fortune/Deloitte CEO survey.
The survey, based on 107 CEOs mostly in the US, found 56% of respondents rank efficiency and productivity as the primary benefit. According to the survey, 58% of CEOs say they are already implementing genAI to automate manual tasks, up from 40% in October, and 45% say they are reducing operating costs.
Insight Blog
Generative AI and automation will mean low-code coding platforms will become strategic for enterprise transformation efforts. By 2025, Constellation Research estimates more than two-thirds of enterprises will have a standardized low-code tool in house.
That's a big takeaway from Constellation Research analyst Holger Mueller, in a recent published report Key Trends for Low Code in 2024 and Beyond. Mueller wrote:
Insight Blog
Constellation analyst Steve Wilson sits down with Editor-in-Chief Larry Dignan to explain the definition, importance, and future of confidential computing for enterprise technology.
Video
🎬 ConstellationTV episode 77 is here! Watch co-hosts Doug Henschen and Dion Hinchcliffe analyze the latest #enterprise tech news with Larry Dignan (AT&T data dump, Microsoft security pledge, Databricks new open-source LLM).
Then Constellation analyst Stephen Wilson explains the concept of confidential #computing and Doug hears from Kris James of Sparex Limited about his experience using Zoho #technology. Watch until the end for bloopers!
Video
CompTIA is projecting that data scientists and analysts, cybersecurity analyst and engineers and software developers will see the most job growth in 2024 as hiring trends normalize.
Those in-demand roles are expected to post the most job growth over the next decade.
The projections in CompTIA's State of Tech Workforce 2024 report forecasts 300,000 net new IT workers this year, a gain of 3.1%. IT job growth in 2023 was 1.2%.
Insight Blog
Quantinuum and Microsoft have claimed a breakthrough in fault tolerant quantum computing that can lower error rates and improve reliability.
Fault-tolerant quantum computing has been the Holy Grail for the industry as vendors and researchers race to minimize errors. Quantinuum, which recently raised $300 million, is the product of the merger between Honeywell Quantum and Cambridge Quantum Computing in 2021.
Insight Blog
Intel outlined its Intel Foundry results as it recast its financial reporting segments and added a new CFO as the unit aims for break even.
The chipmaker outlined its new reporting segments and historical results. It also named Lorenzo Flores as chief financial officer of Intel Foundry. Flores was CFO of Xilinx.
Insight Blog
It's open season for middle managers across technology and multiple industries, but it remains to be seen how short-sighted this trend ultimately becomes.
Yes folks, this is an ode to middle managers--the people who manage projects, serve as a buffer to executives, and lead teams in smaller batches. Today, we've gone from the COVID-19 era of over hiring to cutting out layers of management. In true American fashion, the pendulum swings all the way to the other side with little to no balance in the middle.
Insight Blog
Blue Yonder's acquisition of One Network Enterprises, which offers a platform for autonomous supply chain resiliency, for $829 million is a bid to become a data hub for diversified sourcing and value chain collaboration.
With the purchase, Blue Yonder, a standalone unit within Panasonic, is looking to provide a platform to plan, execute and network supply chains. One Network is known for its Digital Supply Chain Network platform.
Insight Blog
Innovation, Leadership & Communication
DisrupTV Episode 358 — Featuring Rob Wolcott, Kaihan Krippendorff, Jeremie Kubicek & Jon Reed
In this episode, hosts R “Ray” Wang and Vala Afshar engage with:
Video
What Every Tech Vendor CEO and CFO Should Know About Their CMO’s Wasted Investments In Vanity Metrics
Marketing professionals face massive pressure to show that their marketing investments have paid off. In a zero-interest rate environment, budgets were flush and marketers had a lot of leeway in building brand, hosting amazing events, and buying ads to improve market presence. However, a shift to a five percent interest rate environment has many CMO’s focused on performance marketing, showing return on investment, and moving MQLs from SQLs as fast as they can.
Analyst Blog
Amazon said it will invest another $2.75 billion into Anthropic to bring its total investment to $4 billion. The deal highlights the urgency of the generative AI arms race as hyperscalers create spheres of large language model influence.
Insight Blog