tech:

taffy

Sapiens incorporates Microsoft Azure OpenAI in its insurance software solutions

Sapiens, a provider of software solutions for the insurance industry, is set to integrate  Azure OpenAI Service into its systems, as part of an agreement with Microsoft.

By incorporating Microsoft Azure OpenAI and Azure Power Virtual Agents, Sapiens aims to offer AI-driven solutions to insurance companies. These solutions are designed to help customers navigate insurance documents like policies, terms, and conditions.

The integration of AI, cognitive services, and process automation by Sapiens promises to cover the entire insurance value chain. This approach aims to deliver prompt responses across various domains of customer interaction in numerous languages. The ultimate goal is to improve customer experiences and decrease the high volume of calls usually directed at live agents and other staff members.

Furthermore, this new development is also designed to aid underwriters in their daily tasks and expedite claims processing and fraud detection.

[Image courtesy: Sapiens]

Just in

Tembo raises $14M

Cincinnati, Ohio-based Tembo, a Postgres managed service provider, has raised $14 million in a Series A funding round.

Raspberry Pi is now a public company — TC

Raspberry Pi priced its IPO on the London Stock Exchange on Tuesday morning at £2.80 per share, valuing it at £542 million, or $690 million at today’s exchange rate, writes Romain Dillet. 

AlphaSense raises $650M

AlphaSense, a market intelligence and search platform, has raised $650 million in funding, co-led by Viking Global Investors and BDT & MSD Partners.

Elon Musk’s xAI raises $6B to take on OpenAI — VentureBeat

Confirming reports from April, the series B investment comes from the participation of multiple known venture capital firms and investors, including Valor Equity Partners, Vy Capital, Andreessen Horowitz (A16z), Sequoia Capital, Fidelity Management & Research Company, Prince Alwaleed Bin Talal and Kingdom Holding, writes Shubham Sharma. 

Capgemini partners with DARPA to explore quantum computing for carbon capture

Capgemini Government Solutions has launched a new initiative with the Defense Advanced Research Projects Agency (DARPA) to investigate quantum computing's potential in carbon capture.