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Cloudwerx Acquires Lightfold, Australia’s Leading Data and AI Consultancy

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Cloudwerx, an APAC Salesforce Summit partner, today announced the acquisition of Lightfold, a top-tier data analytics and artificial intelligence (AI) consultancy.

The acquisition is a strategic expansion of Cloudwerx’s capabilities, combining its robust Salesforce and automation solutions with Lightfold’s innovative approach to data analytics and AI. Cloudwerx is well positioned to deliver highly innovative solutions to its customers across the APAC region.

The deal is Cloudwerx’s first acquisition proceeding the investment from leading Australian growth fund, CVC Emerging Companies, in May 2022.

“Cloudwerx’s acquisition of Lightfold unlocks new and exciting opportunities for our customers, who can now access AI and customer data tools to drive organisational improvement. This partnership is set to redefine the landscape of tech consulting, by providing our clients with a broader range of advanced, data-driven services to maintain a competitive edge. Both companies share a vision for driving business transformation through advanced technology, making this partnership a natural fit,” said Toby Wilcock, CEO of Cloudwerx.

Lightfold is a leader in the deployment of the ‘modern data stack’ – the collection of next-generation cloud data and AI solutions. The modern data stack is growing rapidly worldwide as both a replacement of legacy business intelligence tools as well as a critical enabler for the rise of large language models (LLMs) and AI within an organisation. Lightfold works with organisations across sectors such as financial services, telecommunications, retail and consumer goods, and high tech.

“The future of competitive business advantage lies in the ability to utilise cloud-based systems that integrate customer information to surface insights and inform business decisions. At the heart of this transformation are pioneers like Cloudwerx and Lightfold, whose complementary strengths open up new possibilities. We believe that Lightfold’s tools combined with Cloudwerx’s team of expert consultants will offer the most advanced business solutions on the market,” said John Cosgrove, Founder and CEO of Lightfold.

“Lightfold has been a long term strategic partner of Cloudwerx, the acquisition complements our strategic investment in data analytics and AI technologies. The combination of the two businesses will enable Cloudwerx to unlock operational efficiencies and deliver insight that our customers had never thought possible. Together we are excited to be offering real world data analytics and AI solutions as one highly specialised team,” said Roger Burgess, Non-Executive Chairman and Co-Founder of Cloudwerx.

Following the acquisition, Cloudwerx will continue its focus on mid-market and enterprise businesses in the retail and consumer goods, financial services, high tech and health, and life sciences industries among others, to accelerate growth through best in class cloud technology consulting services and solutions.

About Cloudwerx

Cloudwerx, a Summit Salesforce Partner, is redefining the digital transformation landscape in the APAC region. We specialise in Salesforce solutions, integrating leading cloud platforms to drive business growth and operational efficiency. At the core of our strategy is a deep commitment to client-centric solutions, ensuring each technology strategy is uniquely aligned with our clients’ objectives. Our comprehensive suite of services includes strategic advisory, platform implementation, advanced data and systems integration, automation and managed services. Cloudwerx is dedicated to steering businesses towards a digitally empowered future, acting not just as consultants but as strategic partners in transformation and growth.

About Lightfold

At Lightfold, we’re experts in harnessing the Modern Data Stack to elevate your data’s potential and optimise the customer experience. We craft bespoke assets ranging from intuitive dashboards and predictive AI models to comprehensive customer data platforms. Our goal is to empower your team and drive your business forward with data-driven precision and innovation. Visit: https://lightfold.com.au/

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Emad Mostaque Steps Down as CEO of Stability AI

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Emad Mostaque Steps Down as CEO of Stability AI

Emad Mostaque, the CEO of Stability AI, has decided to step down from his role at the startup that brought Stable Diffusion to life. Mostaque’s departure comes as Stability AI shifts its focus towards decentralized AI, a move that signals a new chapter in the ever-evolving artificial intelligence industry.

In a press release issued late on Friday night, Stability AI announced Mostaque’s decision to leave the company in order to pursue decentralized AI initiatives. Mostaque will also be stepping down from his position on the board of directors at Stability AI. This move paves the way for a fresh direction at the company, as they search for a new CEO to lead them into the next phase of growth and innovation.

The board of directors has appointed two interim co-CEOs, Shan Shan Wong and Christian Laforte, to oversee the operations of Stability AI while a search for a permanent CEO is conducted. Jim O’Shaughnessy, chairman of the board, expressed confidence in the abilities of Wong and Laforte to navigate the company through its development and commercialization of generative AI products.

Mostaque’s departure from Stability AI follows recent reports of turmoil within the AI startup landscape. Forbes had reported on Stability AI’s challenges after key developers resigned, including three of the five researchers behind the technology of Stable Diffusion. Additionally, rival startup Inflection AI experienced significant changes with former Google DeepMind co-founder Mustafa Suleyman joining Microsoft, leading to a talent acquisition by the tech giant.

Stability AI’s flagship product, Stable Diffusion, has garnered widespread use for text-to-image generation AI tools. The company recently introduced a new model, Stable Cascade, and began offering a paid membership for commercial use of its AI models. However, legal challenges around the data training of Stable Diffusion, highlighted by a pending lawsuit from Getty Images in the UK, have added complexity to the company’s operations.

As the AI industry continues to evolve and face challenges, Emad Mostaque’s decision to step down as CEO of Stability AI represents a significant shift towards decentralized AI models. This move sets the stage for a new era of innovation and exploration in the field of artificial intelligence, as companies strive to find the balance between commercialization and openness in developing advanced AI technologies.

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New NVIDIA H200 GPU Sets the Standard for AI Technology

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New NVIDIA H200 GPU Sets the Standard for AI Technology

Just unveiled, NVIDIA is taking AI technology to the next level with its latest H200 GPU. This new class-leading chip builds upon the success of its predecessor, the highly sought-after H100, offering increased memory capacity and bandwidth for enhanced performance in generative AI and large language models (LLMs).

The H200 GPU boasts 1.4 times more memory bandwidth and 1.8 times more memory capacity compared to the H100, thanks to its utilization of the new HBM3e memory specification. This upgrade results in a significant bump in memory bandwidth to 4.8 terabytes per second and a total memory capacity of 141GB, surpassing the capabilities of the H100 with 3.35 terabytes per second bandwidth and 80GB memory capacity.

In a video presentation, Ian Buck, Nvidia’s VP of high-performance computing products, highlighted that the integration of faster and more extensive HBM memory in the H200 accelerates performance across demanding tasks, such as generative AI models and high-performance computing applications, while optimizing GPU efficiency.

The H200 is designed to be easily integrated into systems already compatible with H100 GPUs, ensuring a seamless transition for users. Cloud service providers like Amazon, Google, Microsoft, and Oracle are among the first to adopt the new GPUs, with availability expected in the second quarter of 2024.

While Nvidia has not disclosed the pricing for the H200, previous generation H100 GPUs were estimated to range from $25,000 to $40,000 each, making them a significant investment for companies utilizing AI technology. Despite the introduction of the H200, Nvidia reassures customers that production of the H100 will continue uninterrupted to meet ongoing demand.

As the demand for AI technology continues to soar, Nvidia’s announcement of the H200 GPU comes at a crucial time for companies in need of cutting-edge computational power. With plans to triple H100 production in 2024 and the introduction of the H200, Nvidia is poised to meet the growing demand for GPUs tailored for generative AI and large language models in the coming year.

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PUDU Robotics Unveils Healthcare Robots at Aus Health Week 2024

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Pudu Robotics (“PUDU”), the global leader in commercial service robots, is excited to announce its participation in the forthcoming Australian Healthcare Week (AHW), the biggest and most influential healthcare gathering in the southern hemisphere, scheduled for 20-21 March 2024. PUDU will be showcasing its comprehensive solutions at Booth No. 217. These solutions are meticulously designed to streamline processes and enhance efficiency, catering specifically to the needs of aged care and healthcare institutions.

Pudu Robotics will be participating in Australian Healthcare Week on March 20-21.

Australia’s aged care industry is grappling with a significant shortage of skilled care workers. As of 2023, the sector was short of 35,000 workers, with about 18,000 staff members having left the industry since August. This shortage is exacerbated by the country’s rapidly aging population. As of June 2020, there were an estimated 4.2 million Australians aged 65 and over, comprising 16% of the total population. The demand for aged care services is steadily rising, driven by an aging population and increased life expectancy. As this demand grows, it will place significant pressure on the existing workforce.

Conceived with a focus on human-robot collaboration, PUDU’s solutions aim to address all these concerns in Australia’s aged care sector. By freeing professional caregivers from repetitive, physically demanding tasks, these solutions enable them to devote more time to providing personalized care and attention to the elderly.

For instance, PUDU’s delivery robots, namely BellaBotSwiftBot, and FlashBot, are adept at facilitating meal delivery services from the restaurant to individual rooms. They are also capable of managing the delivery of general indoor items or daily medications, thereby conserving the time and energy of caregivers. This empowers caregivers to concentrate on more specialized nursing tasks, such as medical care or psychological support. It’s worth noting that FlashBot and SwiftBot come equipped with autonomous elevator-riding capabilities, rendering cross-floor deliveries a breeze.

Moreover, PUDU’s cleaning robot, CC1, caters to the stringent cleanliness standards of the medical care industry by offering real-time automated cleaning. CC1 boasts a four-in-one versatile cleaning system that includes sweeping, scrubbing, vacuuming, and mopping. This ensures that the floors are consistently clean, dry, and slip-resistant. It also provides real-time notifications and performance reports, detailing aspects such as cleaning time and area covered. Additionally, CC1 is capable of automatically charging, draining, and refilling water, thereby significantly enhancing cleaning efficiency. Its autonomous elevator-riding feature minimizes human intervention, rendering the cleaning process truly automated.

At the AHW, an array of PUDU’s innovations, including CC1, BellaBot, SwiftBot, FlashBot, and the large-screen version of PuduBot2 with advertising capabilities, will be on display. The booth will host a simulated elevator space, enabling visitors to gain an intuitive understanding of the robots’ autonomous elevator-riding abilities and experience the product performance firsthand. Key representatives from PUDU’s sales, technical, marketing, and PR departments will be present at the exhibition to share global case studies with attendees. Institutions interested in collaboration or media entities seeking more information are cordially invited to visit the booth for further details.

About Pudu Robotics

Pudu Robotics is a global leader in design, R&D, production, and sales of commercial service robots with over 70,000 units shipped in over 60 countries and regions worldwide. The company’s robots are currently in use across a wide variety of industries including restaurants, retail, hospitality, healthcare, entertainment, and manufacturing. Founded in 2016 and headquartered in Shenzhen, China, its mission is to use robots to improve the efficiency of human production and living. For more information on business developments and updates, follow PUDU on FacebookYouTubeLinkedInTwitter and Instagram.

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