Mphasis, a mid-tier IT solutions provider, is experiencing significant deal activity in the GenAI and AI space, with projects expected to last 2-3 years. CEO Nitin Rakesh highlighted that a third of their current pipeline is AI-influenced, indicating a substantial shift towards AI integration across their technology offerings.
The company recently introduced two AI-driven products, Mphasis NeoCrux and Mphasis NeoZeta, aimed at enhancing software engineering efficiency and driving enterprise modernization. These platforms have shown promising results, with up to 50% efficiency improvement and faster relearn observed with beta clients.
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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.