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Quickplay received the NAB Award for its Generative AI products

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In three different competitions, Quickplay took home top honors. Prior to and during the NAB Show, the company shared details of its product successes in thought leadership forums, demonstrating its continued leadership in the development of Generative AI products and benefits for the media industry.

Top honors in the most prestigious awards competition of the five-day conference in Las Vegas were won by Quickplay’s Curator Assistant and Media Companion, including:

  • The international trade association for broadcast and media technology, IABM, presented the Consume category BAM Award;
  • A Future Best of Show Award, given out by one of the world’s top platforms for news and insights on technology as well as media and entertainment; and
  • Quickplay Media Companion won the NAB Product of the Year award, establishing it as one of the most innovative technologies influencing the production, distribution, and commercialization of content in the future.

Quickplay highlighted on thought leadership platforms how Generative AI is accelerating content discovery when it’s in the hands of both consumers and content programming teams. At the NAB Broadcast Engineering and IT Conference, Juan Martin, CTO and co-founder, gave a talk titled “Driving Viewer Engagement With AI-Powered Conversational Search” at the Google Cloud Next conference, which took place before NAB. Naveen Narayanan, Senior Director, Product Innovation and Strategy, also gave a presentation titled “Creating and implementing AI-powered Conversational Search to Drive Viewer Engagement.”

Quickplay’s Generative AI leadership was given new directions by two announcements. As part of its ongoing innovation collaboration with Google Cloud, Quickplay unveiled Curator Assistant, a new product. In order to help programming teams create faster and more targeted storefront rails, Curator Assistant enhances Quickplay Media Companion’s consumer-facing features by providing them with Generative AI-powered tools. The partnership between Globant and Quickplay aims to use AI to boost the value and usage of digital assets that are archival.

According to Andre Christensen, CEO and co-founder of Quickplay, “having the right architectural foundation matters as media and entertainment seeks to optimize the benefits of Generative AI.” “While we appreciate the recognition from NAB, we’re already thinking about how we can leverage the adaptability and agility of our open-architecture, cloud-native platform and the strength of our partnerships, particularly with Google Cloud, to hasten the release of the Generative AI-powered products the industry needs to propel future success.”

Cloud-native technologies such as microservices, containers, service meshes, immutable infrastructure, and APIs are used in Quickplay’s OTT platform to create and manage scalable applications in the cloud. Higher performance, a modular approach to feature expansion, rapid iteration through continuous delivery, and integrated scalability, observability, and security are all offered by the OTT technology stack. OTT services with the agility and flexibility of the cloud, matched or surpassed by broadcast’s dependability and high performance, are being delivered by global leaders in sports and entertainment through the Quickplay platform.

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Coforge and Microsoft Establish Copilot Innovation Hub to hasten the Deployment of Generative AI

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Global supplier of digital services and solutions Coforge Limited recently announced a partnership with Microsoft to launch the Coforge Copilot Innovation Hub. In addition to working closely with Microsoft to integrate these solutions with Microsoft’s generative AI products and technologies, such as Microsoft Azure OpenAI Service, Microsoft Power Platform, and Microsoft Copilot, the Hub will concentrate on building a pipeline of new, industry-specific cognitive analytics solutions.

Coforge announced the launch of two new copilots as part of the Copilot Innovation Hub: Underwriter Copilot for insurance companies and Advisor Copilot for financial services firms. An innovative technique to improve ROI and streamline the process of navigating the complexity of underwriting, the Underwriter Copilot for Insurance gives insurance underwriters more authority and the ability to make informed decisions. The goal of the solution is to increase carriers’ combined ratios by two to three percent in order to open up new income streams. Insurance carriers can achieve a 30- to 35 percent boost in underwriter productivity and efficiency by implementing Underwriter Copilot.

By removing the need for time-consuming searches across several tools, documents, and data sources, the Coforge Advisor Copilot solution gives financial quick access to full fund information and performance data through an intuitive interface. Financial advisers and asset managers should become more productive by more than thirty percent thanks to the solution.

According to Sudhir Singh, Executive Director & CEO of Coforge, “Coforge is leveraging its deep industry strengths and customer partnerships to build industry specific generative AI solutions on the Microsoft platform to drive transformation and enhance productivity.” Our efforts to provide our clients with generative AI solutions that lead the market will go even faster thanks to our partnership with Microsoft. He went on, “We are announcing two new copilots today: Advisor Copilot for financial services businesses and Underwriter Copilot for insurance carriers.

“Our combined commitment to transforming and scaling organizational capabilities of financial services firms globally is demonstrated by the Coforge Copilot Innovation Hub. The 2024 Work Trend Index Annual Report states that 75% of individuals utilize AI at work, and that the use of generative AI has nearly doubled in the last six months. According to David Smith, Vice President, WW Channel Sales, Microsoft, “Coforge and Microsoft are dedicated to spearheading AI adoption, fostering innovation, and unleashing business value for businesses worldwide.”

Through the automation of manual chores, the improvement of decision-making through the creation of suggestions based on corporate data, and the streamlining and optimization of business processes, these copilots will increase operational efficiency by utilizing Microsoft’s generative AI products and technologies. These solutions will help businesses generate new value streams and speed up change.

Microsoft’s generative AI products will be easier to implement with the Coforge Copilot Innovation Hub, leading to increased productivity and better business results.

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Samsung Appoints New Leader for Chip Unit as AI Competition Intensifies

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As the race to build artificial intelligence processors heats up, Samsung Electronics has replaced the leader of its semiconductor division.

In an unexpected announcement made by the business on Tuesday, Vice Chairman Jun Young-hyun has been named head of Samsung’s device solutions division. The company’s foundry, memory, and system semiconductor divisions are managed under the device solutions division.

“Vice Chairman Jun Young-hyun is the key player who took Samsung Electronics’ memory semiconductor and battery businesses to the global top-tier level,” the company stated in a news release.

Samsung is making this announcement as it battles to overtake its regional rival SK Hynix in the market for AI memory chips. When it comes to high-bandwidth memory (HBM) chips, which are essential for AI computing, SK Hynix is in the lead.

According to Samsung, if the board and shareholders approve, Jun may also be named as the company’s chief executive. Samsung has two chief executive officers: one leads the company’s semiconductor division, while the other oversees its mobile and visual display businesses.

Before taking on the role of chief executive of Samsung SDI, the company’s battery division, Jun led Samsung’s memory chip business team for three years, from 2014 to 2017. In 2000, he made his debut as a member of Samsung’s memory chip business team.

Kyung Kye-hyun, who oversaw the semiconductor branch since2022, is replaced by Jun. During the memory chip market collapse, the division under his direction reported billion-dollar losses. The 61-year-old Kyung has been posting lengthy and in-depth posts on social media platforms like LinkedIn and Instagram about subjects including technology and climate change.

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Kudos Secures $10.2 Million for Its AI-Powered Smart Wallet

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The Four Cities Fund, Samsung Next, SV Angel, Precursor Ventures, The Mini Fund, Newtype Ventures, Patron, and The Points Guy creator Brian Kelly all participated in the funding round.

Kudos, an app and browser extension, was founded in 2001 by a group with prior expertise at Google, PayPal, and Affirm. It functions as a smart wallet assistant by suggesting or choosing the best credit card for customers to use when making payments in order to optimize rewards and cash back.

Recently, the company introduced a number of new features: Dream Wallet, which suggests cards to members based on their spending patterns; MariaGPT, an AI-powered card discovery tool with over 3000 cards in its database; and Kudos Boost, which offers personalized rewards across over 15,000 partner brands, such as Walmart and Sephora.

Since its initial fundraising round, Kudos has raised its annualized checkout Gross Merchandise Value to $200 million and expanded to over 200,000 registered users.

It intends to use the additional funds to develop MariaGPT into a comprehensive personal finance assistant, introduce an AI-powered hub offering expenditure optimization insights, and create a gateway that lets users book flights using points.

As consumers budgets, various credit cards, and sometimes complex rewards programs, they want to know they’re receiving the best value for their money, according to Tikue Anazodo, CEO of Kudos. With just one user-friendly app and extension, Kudos streamlines everything.”

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