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Melbourne’s Tech Scene Gets a Boost: Fractal’s Arrival Ushers in Digital Revolution!

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Fractal, a global provider of artificial intelligence and advanced analytics solutions to entities including Fortune 500® companies, recently announced the opening of its new office in Melbourne, to accommodate rapid growth and leverage the area’s diverse high-technology talent pool. As a recipient of the Grant Agreement with the State of Victoria, Fractal is committed to creating Digital and Tech jobs in Victoria.

In partnership with Invest Victoria, Fractal plans to leverage the Victorian Government’s Digital Jobs Program to tap into the state’s robust pool of tech professionals, servicing its regional clients, and providing support to its clients around the world.

Furthermore, Fractal will work closely with universities in Victoria to cultivate a future pipeline of technical talent that aligns with its specific needs. This proactive approach in engaging with universities not only supports Fractal’s talent acquisition strategy but also fosters meaningful collaborations with academic institutions to advance research and innovation.

“The opening of Fractal in Melbourne follows a growing trend of Indian unicorns looking to Australia to establish or expand their tech initiatives in the region,” said Minister for Trade and Investment Tim Pallas. “We can see that our local talent pool and advanced research and innovation ecosystem are attracting world-class investors to set up in Victoria that will continue to support the economy and create jobs in the state.”

“Melbourne is a key enabler to our long-term growth strategy, allowing us to meet the growing demands of our clients in the region. We also look forward to working and delivering value to the Victorian Public Sector as we expand in this geo,” said Rohit Joshi, Regional Head at Fractal.

About Fractal

Fractal is one of the most prominent providers of Artificial Intelligence to Fortune 500® companies. Fractal’s vision is to power every human decision in the enterprise, and bring AI, engineering, and design to help the world’s most admired companies.

Fractal’s businesses include Crux Intelligence (AI driven business intelligence), Eugenie.ai (AI for sustainability), Asper.ai (AI for revenue growth management), Senseforth.ai (conversational AI for customer service) & Flyfish (generative AI for Sales). Fractal incubated Qure.ai, a leading player in healthcare AI for detecting Tuberculosis and Lung cancer.

Fractal currently has close to 4500 employees across 16 global locations, including the United States, UK, Ukraine, India, Singapore, and Australia. Fractal has been recognized as ‘Great Workplace’ and ‘India’s Best Workplaces for Women’ in the top 100 (large) category by The Great Place to Work® Institute; featured as a leader in Customer Analytics Service Providers Wave™ 2023, Computer Vision Consultancies Wave™ 2020 & Specialized Insights Service Providers Wave™ 2020 by Forrester Research Inc., a leader in Analytics & AI Services Specialists Peak Matrix 2022 by Everest Group and recognized as an ‘Honorable Vendor’ in 2022 Magic Quadrant™ for data & analytics by Gartner Inc. For more information, visit fractal.ai.

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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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