GlobeNewswire by notified

Elemental Cognition Announces Strategic AI Partnership with Google Cloud To Accelerate Time to Value for Enterprises Across Research & Discovery and Expert Assist Use Cases

Share

NEW YORK, Aug. 29, 2023 (GLOBE NEWSWIRE) -- Elemental Cognition (EC.ai), an advanced artificial intelligence company backed by Bridgewater Associates and Breyer Capital announces a global strategic partnership with Google Cloud to power its portfolio of horizontal and vertical offerings with Google Cloud’s generative AI. EC’s patented AI approach understands and applies business knowledge to assist enterprise and consumer stakeholders in solving complex problems with greater reliability, faster time to value, and broader reach. EC.ai, built natively on Google Cloud, uniquely combines Google Cloud Foundational LLMs on Vertex AI and natural language understanding (NLU) with advanced reasoning to ensure both fluency and correctness. Elemental Cognition Founder and CEO, Dr. David Ferrucci, who previously led the creation of IBM Watson, expressed his enthusiasm for the partnership, sharing, “We’re excited about the tremendous potential our partnership has to accurately solve complex enterprise problems and deliver transformative AI solutions they can trust.”

EC’s offerings solve for two use case categories:

  1. Research & discovery: accelerate accurate, evidence-based research by accounting for research approach and transparently automating the process from discovery to tracking and synthesizing evidence based answers, compressing days or weeks of work into just hours.
  2. Expert assist: quickly understand and transform business requirements into an intelligent, interactive problem-solving application that delivers unprecedented accuracy – from solving complex real-time resource scheduling to precise planning and configuration management.

“Google Cloud and Elemental Cognition share a commitment to address real-world use cases and add real value with generative AI,” said James Lee, General Manager, Startups and AI at Google Cloud. “Our partnership will help the Elemental Cognition team utilize Google Cloud’s infrastructure and powerful models and ultimately deliver greater innovation and AI solutions to customers in industries like life sciences, public sector, logistics, and more.”

The partnership is prioritizing industries where grounded evidence and justified decision-making is paramount, such as life sciences, financial services, travel & logistics, higher education, and government. Together, EC and Google Cloud are first to market in providing turnkey, fully managed or hybrid application offerings that reduce time to value for Enterprises looking to see measurable impact from AI. For example:

  • Drug Discovery & Repurposing: A leading drug research firm reduced the time it takes to discover a potential drug repurposing opportunity from 4 weeks to 2 hours by implementing EC’s research and discovery solution that modeled and automated the researcher’s thought process, connected key insights across 30M PubMed documents, and reliably evidenced the new findings.
  • Complex Travel & Product Configuration: Oneworld global airline alliance launched a consumer-facing expert agent to assist travelers in building custom round-the-world itineraries creating an optimal solution by negotiating among complex fare rules, hard and soft customer preferences, and real-time operational data. Customers using EC’s solution are four times more likely to create bookable itineraries than those using the previous offering.
  • Education Pathway Planning: A leading university is offering advanced degree planning services using EC’s expert assist solution which supports students in creating and optimizing their education pathways, navigating even the most complex degree requirements while helping students achieve their individual goals. The result is a more personalized student experience that supports higher on-time graduation rates as well as reduced burden on stretched advising staff.

Elemental Cognition solutions will be available in Google Cloud Marketplace with the added advantage of an ecosystem of system integrators to provide enhanced domain expertise and last mile customization. To read more about EC’s use of Google Cloud generative AI, see the expansion blog featured today on the Google Cloud partner blog and visit Elemental Cognition featured in the Google Gen AI Pavilion at Google Cloud Next, August 29-31.

About Elemental Cognition

Elemental Cognition (EC)’s Generative AI reliably solves your hardest problems by combining Large Language Models (LLMs) with a variety of other AI techniques to ensure accurate solutions to complex, dynamic problems. Our mission at EC is to accelerate and improve critical decision making where trust, accuracy, and transparency matter.

EC was founded in 2015 by Dr. David Ferrucci, the renowned AI researcher and inventor of IBM’s breakthrough Watson technology, to create the next wave of AI. Visit us at https://www.ec.ai.

Media Contacts
For more information, contact Carly Bourne at The Bulleit Group, carly@bulleitgroup.com or press@google.com.

To view this piece of content from www.globenewswire.com, please give your consent at the top of this page.
To view this piece of content from ml.globenewswire.com, please give your consent at the top of this page.

About GlobeNewswire by notified

GlobeNewswire by notified
GlobeNewswire by notified
One Liberty Plaza - 165 Broadway
NY 10006 New York

https://notified.com

GlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Subscribe to releases from GlobeNewswire by notified

Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire by notified

Iveco Group signs a 150 million euro term loan facility with Cassa Depositi e Prestiti to support investments in research, development and innovation11.6.2024 12:00:00 CEST | Press release

Turin, 11th June 2024. Iveco Group N.V. (EXM: IVG), a global automotive leader active in the Commercial & Specialty Vehicles, Powertrain and related Financial Services arenas, has successfully signed a term loan facility of 150 million euros with Cassa Depositi e Prestiti (CDP), for the creation of new projects in Italy dedicated to research, development and innovation. In detail, through the resources made available by CDP, Iveco Group will develop innovative technologies and architectures in the field of electric propulsion and further develop solutions for autonomous driving, digitalisation and vehicle connectivity aimed at increasing efficiency, safety, driving comfort and productivity. The financed investments, which will have a 5-year amortising profile, will be made by Iveco Group in Italy by the end of 2025. Iveco Group N.V. (EXM: IVG) is the home of unique people and brands that power your business and mission to advance a more sustainable society. The eight brands are each a

DSV, 1115 - SHARE BUYBACK IN DSV A/S11.6.2024 11:22:17 CEST | Press release

Company Announcement No. 1115 On 24 April 2024, we initiated a share buyback programme, as described in Company Announcement No. 1104. According to the programme, the company will in the period from 24 April 2024 until 23 July 2024 purchase own shares up to a maximum value of DKK 1,000 million, and no more than 1,700,000 shares, corresponding to 0.79% of the share capital at commencement of the programme. The programme has been implemented in accordance with Regulation No. 596/2014 of the European Parliament and Council of 16 April 2014 (“MAR”) (save for the rules on share buyback programmes set out in MAR article 5) and the Commission Delegated Regulation (EU) 2016/1052, also referred to as the Safe Harbour rules. Trading dayNumber of shares bought backAverage transaction priceAmount DKKAccumulated trading for days 1-25478,1001,023.01489,100,86026:3 June 20247,0001,050.597,354,13027:4 June 20245,0001,055.705,278,50028:6 June20243,0001,096.273,288,81029:7 June 20244,0001,106.174,424,68

Landsbankinn hf.: Offering of covered bonds11.6.2024 11:16:36 CEST | Press release

Landsbankinn will offer covered bonds for sale via auction held on Thursday 13 June at 15:00. An inflation-linked series, LBANK CBI 30, will be offered for sale. In connection with the auction, a covered bond exchange offering will take place, where holders of the inflation-linked series LBANK CBI 24 can sell the covered bonds in the series against covered bonds bought in the above-mentioned auction. The clean price of the bonds is predefined at 99,594. Expected settlement date is 20 June 2024. Covered bonds issued by Landsbankinn are rated A+ with stable outlook by S&P Global Ratings. Landsbankinn Capital Markets will manage the auction. For further information, please call +354 410 7330 or email verdbrefamidlun@landsbankinn.is.

Relay42 unlocks customer intelligence with a new insights and reporting module, powered by Amazon QuickSight11.6.2024 11:00:00 CEST | Press release

AMSTERDAM, June 11, 2024 (GLOBE NEWSWIRE) -- Relay42, a leading European Customer Data Platform (CDP), is leveraging Amazon QuickSight to power its new real-time customer intelligence, reporting, and dashboard module. Harnessing the breadth and quality of customer data, the new Insights module empowers marketing teams to dive deep into customer behaviors and gain invaluable insights into the performance of their marketing programs across all online, offline, paid, and owned marketing channels. Preview of the Relay42 Insights module, in pre-beta version Key capabilities of the Relay42 Insights module include: Deep insights into customer behaviors: With the Relay42 Insights module, marketers can ask unlimited questions about their data and gain a deeper understanding of how to serve their customers more effectively. Simplicity with AI-powered querying: Marketers can use artificial intelligence to query their data using natural language search, reducing the reliance on data scientists. Us

Metasphere Labs Announces X Spaces Event on the Topic of Green Bitcoin Mining and Sound Money for Sustainability11.6.2024 10:30:00 CEST | Press release

VANCOUVER, British Columbia, June 11, 2024 (GLOBE NEWSWIRE) -- Metasphere Labs Inc. (formerly Looking Glass Labs Ltd., "Metasphere Labs" or the "Company") (Cboe Canada: LABZ) (OTC: LABZF) (FRA: H1N) is thrilled to announce an engaging Twitter Spaces event on Green Bitcoin mining, energy markets, and sustainability on July 3, 2024 at 2 p.m. ET. Follow us on X at MetasphereLabs for updates and to join the event. What We'll Discuss Bitcoin Mining Basics: Understand the fundamentals of Bitcoin mining.Energy Market Dynamics: Explore how Bitcoin mining interacts with energy markets.Sustainable Innovations: Learn about our efforts to promote sustainability in Bitcoin mining.Sound Money: Discover how tamper-proof currency can enhance stability.Efficient Payment Rails: See how fast, neutral payment systems support humanitarian projects.Carbon Footprint: Compare Bitcoin's environmental impact with traditional banking. "We're excited to host this event and dive into the critical topics of Bitcoin

World GlobeA line styled icon from Orion Icon Library.HiddenA line styled icon from Orion Icon Library.Eye