BMO DEPLOYS AI AND QUANTUM TO PREDICT EARTHQUAKES
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Bank of Montreal is leveraging artificial intelligence and quantum computing to forecast earthquakes and respond to wildfires as part of its US expansion strategy.
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PrismML has compressed a 27-billion-parameter AI model to under 4 GB, enabling it to run directly on iPhone devices. The compressed model retains 90 percent of its original performance with minimal impact on math and coding capabilities.
Israel-based Hemispheric secured $52 million in funding for its AI model that analyzes non-invasive brain activity measurements and converts them into quantitative diagnostic metrics.
Anthropic and Blackstone are backing Ode, a new venture that embeds AI engineers directly inside enterprises. The bet signals a shift in where the next trillion dollars in AI value may be created: not in building models, but in implementing them.
Spectro Cloud, an AI infrastructure company focused on managing token costs, secured $100 million in Series D funding at a valuation exceeding $1 billion. The raise marks significant growth from the company's $750 million valuation in 2024.