Tag: machine learning
Generative AI – the current state of play
In an exclusive interview with Cyber Intelligence, Mike Finley, the Co-Founder and CTO of AnswerRocket, a business intelligence platform that deals with big data and AI agents, explains what generative AI can do for companies right now. AI is changing faster than people are capable of understanding. So the general misunderstanding of what AI can do is going to be a lasting problem. The fact is that key scientists believe AI is now capable of improving itself, meaning we are at the start of a runaway path forward. At AnswerRocket, our basic DNA is artificial intelligence (AI) to enable business intelligence (BI). This obviously took a new direction with the widespread introduction of generative AI, but our basic approach remains the same.
ID security acquisition to spark M&A growth
Identity security company CyberArk has announced that it is acquiring machine identity management specialist Venafi for US $1.54 billion from software-focused investor Thoma Bravo, which already manages US$138 billion in assets. The acquisition is being seen by some market sources as the start of more highly-focused acquisition-driven growth in the increasingly sharply defined and specialized cybersecurity sector. The logic behind the Venafi acquisition is clear. According to CyberArk, the number of machines is rapidly outpacing the growth of their human counterparts, with more than 40 machine identities for every human identity. By adding Venafi’s machine identity management to its dominant identity security position, CyberArk expects to expand its total addressable market by almost US$10 billion to around US$60 billion.
SEC fines companies $400k for over-hyping AI
Ever since the launch of the deeply flawed Microsoft-backed public-facing artificial intelligence (AI) service ChatGPT at the end of 2022, AI has been used to power a whole range of services. But the days of marketing and PR departments simply attaching the words “AI-driven” to over-hype any digital offering in the hope of attracting investors and customers are now hopefully coming to an end. Earlier this week, the US Securities and Exchange Commission (SEC) fined two investment advisers, Delphia (USA) Inc. and Global Predictions Inc., a total of US$400,000 between them. The SEC’s order against Global Predictions alleged that the San Francisco-based firm made false and misleading claims in 2023 on its website and on social media about its purported use of AI. The order against Toronto-based Delphia alleged that the firm had made false and misleading statements in its SEC filings, in a press release, and on its website regarding its purported use of AI and machine learning.
Employee mistrust of workplace AI is growing
Amid widespread speculation that artificial intelligence (AI) will make most of today’s jobs redundant and even replace humanity itself, the UK’s Institute for the Future of Work has taken a more pragmatic approach. Its study on the impact of modern technologies on almost 5,000 workers highlights employee concerns about the adverse effect AI is already having on their day-to-day work lives. While the majority of those surveyed believed that older technologies such as laptops and smartphones generally improve their quality of life, the same is not true of AI.