Generative AI is transforming procurement by automating tasks, enhancing decision-making processes, and improving supplier negotiations. This technology streamlines operations by generating documents, managing inventories, and conducting supplier risk assessments.
The integration of Generative AI in procurement signifies a shift towards efficiency and innovation in supply chain management. Companies are adopting this technology to optimize operations and reshape traditional procurement practices.
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Isomorphic Labs, the AI drug discovery platform that was spun out of Google's DeepMind in 2021, has raised external capital for the first time. The $600
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Sam Altman today revealed that OpenAI will release an open weight artificial intelligence model in the coming months. "We are excited to release a powerful new open-weight language model with reasoning in the coming months," Altman wrote on X.