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- Friday Tech News
Good morning and Happy Friday!
October is flying by. It’s my daughter’s 4th birthday coming up this week and every year, I’m reminded about the time she was born and what the world was like. How much has changed in 4 years is truly incredible.
We receive a fun “birthday book” from my friends over at Wiz.io - Cloud Security for Kids. Super cool, and packed full of useful content. The team over there keeps impressing me with going above and beyond in every way.
My soon to be 4-year-old, Olivia
What’s been the best part of your week? Did you have a good meeting, get outside for some relaxation, workout or go for a run? Feel free to reply and engage with me. Happy to chat!
This week was a slower week in tech news but there are some nice funding announcements and cool product updates below. As always, if you have any questions, reach out.
OEM News & Updates 📰
NVIDIA | NVIDIA unveils NVLM open source
NVIDIAs NVLM 1.0 is an open source multimodal LLM that excels in both vision-language and text-only tasks.
Shows significant improvements in text based tasks after multimodal training.
Handles a wide range of tasks including object localization, reasoning, OCR, coding based on visual inputs, and understanding complex scenarios.
OpenAI has launched MLE-bench, an open source benchmark to test AI systems against 75 real world data science competitions from Kaggle.
It evaluates AI’s ability to plan, troubleshoot, and innovate beyond just computational tasks. The benchmark includes preparation scripts, grading scripts, and a Docker image for consistent execution.
Their latest model, o1, performed at a “medal worthy” level in 16.9% of the competitions but struggled with tasks requiring adaptability and creative problem solving.
Fortinet | Fortinet introduces FortiCNAPP
This is the Lacework acquisition.
New, and AI driven for enhanced security, the platform offers automated remediation, blocking of active runtime threats, and enhanced visibility into new and emerging threats.
Integrates multiple tools to consolidate and reduce the time to detect and respond to threats.
Microsoft | OneDrive update with CoPilot
Users can deploy AI assistants in OneDrive to perform specific tasks and interact with data stored in files in OneDrive.
It can now summarize files without opening them, create shareable FAQs, and compare up to five files in different formats.
More control over file sharing, visibility of collaborators (my favorite), and faster browsing both online and offline.
BMC introduced new AI driven products including BMC HelixGPT, Helix Control-M, and Helix Edge, aimed at enhancing service interactions, automation, and edge computing.
AMI Assistant - super cool - launched to support mainframe devs and ensure system resilience.
Endor Labs | Endor comes out with AI safety scoring process
Endor Labs has introduced a new scoring system for AI models on Hugging Face, evaluating them on 50 metrics related to security, popularity, quality, and activity.
Scoring system aims to help companies select more secure open source models.
Devs can search for models using specific questions, making it easier to find suitable models for their needs.
Google | Google launches NotebookLM
If you haven’t played with this, try feeding one of these articles to it. It’s insanely cool and incredible use of AI.
Articles I Liked This Week 💡
For every innovation there’s a counter, negligent use for that innovation.
Tech Funding & M&A 💸
CoreWeave | CoreWeave nets $650M from Wall Street
CoreWeave is a New Jersey based GPU accelerated cloud platform that offers solutions such as VFX rendering, and pixel streaming for businesses.
Omnea is a London based company that’s developed an AI powered platform to streamline the procurement process for tech.
Stoik | Stoik recieves $25 series B
Stoik is a French based cyber insurance provider that covers companies with annual turnover up to $750M with coverage limits of $7.5M euro.
Port | Port Raises $35M Series B
Port is an Israel based company that provides an internal developer portal that integrates tools and processes for businesses.
Monogato is a company dedicated to providing software defined connectivity solutions for enterprises and developers.
Sonar | Sonar boosts code reliability
Sonar has acquired Structure101 who specializes in code structure analysis.
Decagon | Decagon takes in $65M Series B
Decagon makes AI agents that are used by companies like Notion and Duolingo to handle customer interactions.
Cyera | Cyera acquires Trail Security
Trail security is a startup focused on DLP and was acquired to complement Cyera’s DSPM solution.
Meme of the week 🤣
Recommendations 👉🏻
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Thank you so much for making this a part of your Friday morning coffee time. I'm Phil Moroni, and I'm an Account Executive in the Information Technology industry here with another edition of Friday Tech News!
What is this? This is a newsletter that provides updates and insights on the latest trends and developments in the technology industry. I am a professional who specializes in supporting IT leaders in evaluating, investing, and managing people, processes, and technology tools that support their businesses.
Each week, I summarize relevant industry updates from popular Original Equipment Manufacturers (OEM's), software publishers, and managed providers. The goal of my research and newsletter is to keep you informed about current trends and events that may impact your business from a trusted and reputable source. It's just information I'm sharing, and I follow and work with hundreds of partners in the industry, keeping track of their growth, changes, and evolution so that you don't have to.
Bottom Line: As you focus on improving your business through digital initiatives, my commitment is to keep you informed of the fast-paced changes and trends taking place so that you can plan ahead and stay ahead of the game.
Key areas of focus for me are:
Cloud Computing, Security, Trends
Developer & Security Tools
Networking & Infrastructure Tools
End User Tools & Workspace Tech
Emerging Technologies and Future Concepts
If you have any questions, would like information about any specific vendors I follow, or would like to have a conversation about any topic that is challenging you, I invite you to engage with me! I value feedback immensely and would love to know what you find valuable about this newsletter so feel free to reach out!
Thank you for reading and stay digitally and physically safe!
Phil
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