Connect with us

Technology

SAP Joule: Collaborative AI Agent powered by Open-Source LLMs

Published

on

SAP Joule: Collaborative AI Agent powered by Open-Source LLMs

Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More


SAP announced today the expansion of its generative AI copilot Joule’s capabilities to support up to 80% of its customers’ most common business tasks. This will enable it to be a collaborative agent that can accomplish complex workflows.

For customers to get the most value from Joule and future innovations, they must be on SAP cloud platforms and systems. SAP is accelerating product innovation on the cloud in the hopes of attracting more customers to its RISE with SAP initiative.

Launched in Jan. 2021, RISE with SAP aims to guide customers’ transition from on-premises SAP ERP systems to the cloud, modernizing processes along the way. SAP reported that its cloud revenue increased by 25% in Q2 2024, with the Cloud ERP Suite growing by 33% as a result, demonstrating that RISE is effective.

Advertisement

Joule’s infusion of new features signals how serious SAP is about moving its customers to the cloud. SAP says on-premises customers can still use Joule. However, they will need to use the SAP Integration Suite to connect their existing infrastructure to SAP’s cloud services, enabling Joule to access and process data while extending AI capabilities to their on-premise environments.

Additional announcements at TechEd 2024 introduced additional open source large language model (LLM) support as part of the SAP Generative AI Hub, introduced the SAP Knowledge Graph, showcasing developer enhancements in SAP Build, highlighted specific use cases and reaffirmed the company’s commitment to upskill 2 million people by 2025.

SAP placing a strategic bet on Joule’s new agentic AI strengths  

Designed as a cloud-native AI assistant that is core to SAP’s Business Technology Platform (BTP), Joules’ ability to integrate and scale with all current and future apps, modules and platform environments to accelerate customers to the cloud further.

SAP made a strategic bet with BTP, believing their customers would see the value of a unified cloud platform over the legacy on-premises ERP systems, which earned a reputation for being challenging to integrate real-time data and third-party applications with. SAP doubling down on Joule shows they’re working to reverse their proprietary ways of the past and go after a more open cloud-based architecture that can deliver the accuracy, speed and scale their customers need.

Advertisement

 Embedded across SAP’s ecosystem, Joule can already understand business contexts, deliver data-driven insights and enable customers to get more work done using its advanced natural language processing and machine learning (ML) capabilities. With 80% of the most common business tasks now part of Joule, SAP is betting their latest gen AI copilot will be compelling enough for more customers to join RISE and move to the cloud.

Source: Presentation at VB Transform 2024 by Yaad Oren.

SAP highlighted two use cases at TechEd 2024 to demonstrate the power of these agents:

  • Dispute Management: AI agents autonomously resolve disputes related to invoices, credits and payments. This will significantly reduce manual intervention.
  • Financial Accounting: Specialized agents streamline billing, ledger updates and invoice processing. This will ensure accuracy and efficiency.

“Collaborative AI agents from SAP represent a new era in enterprise productivity,” said Philipp Herzig, Chief Artificial Intelligence Officer at SAP. “Our ability to integrate multiple specialized AI agents into Joule allows businesses to automate intricate workflows and focus on tasks that truly require human ingenuity.”

Three new open-source models added to the SAP gen AI Hub

The open-source LLM announcements at TechEd 2024 show that SAP is continuing to develop its generative AI hub strategy. Open-source models now available on the SAP Generative AI Hub include Meta’s Llama 3.1 70B model, Mistral Large 2 (available by the end of 2024), and Mistral Codestral. SAP’s announcements this week at TechEd 2024 show that it is committed to keeping up with the quicker pace of innovation in open-source LLMs.

The SAP Generative AI Hub, positioned as a central node within SAP’s Business Technology Platform (BTP), connects both proprietary and open-source models. Developer tools like the Extensibility Wizard and SAP Build enhancements streamline this integration, reflecting SAP’s push toward a developer-friendly environment.

SAP continues to go on the offensive when it comes to providing more significant support for open-source LLMs. Their series of announcements this week at TechEd 2024 show they’re committed to keeping up with the quickening pace of innovation in open source LLMs in general and across all of open source strategically.

One of the main goals of going on the offensive with open-source LLMs is to enable enterprise-level standards for customers to adopt while ensuring reliability, scalability, security and performance, all within the SAP AI Core.

Advertisement

The following table summarizes the three open-source LLMs SAP announced support for during TechEd 2024:  

Source: VentureBeat analysis

SAP’s new AI era has arrived

Long known for its dominance in the ERP market, SAP shows signs of successfully reinventing itself in a new AI era. Lessons learned on usability, the need for a more open, adaptive system architecture, and the need to provide customers with more flexibility in how they use data, including open-source LLMs, now dominate their product strategies. Their Business Technology Platform with an SAP AI Core reflects a more forward-thinking SAP that realizes their quickest path to value is recognizing customers need the freedom to go open source when they choose.


Source link
Continue Reading
Advertisement
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Servers computers

Server rack RGB lighting – What do you think?

Published

on

Server rack RGB lighting - What do you think?



Touchy subject, I know – but it looks SOOOO good! .

source

Continue Reading

Technology

AI mortgage startup LoanSnap loses license to operate in Connecticut

Published

on

LoanSnap Karl Jacob

LoanSnap, an AI-powered mortgage startup, has had its license to operate revoked in Connecticut, according to the state’s Banking Commissioner. This occurred after LoanSnap violated a consent order it had entered into with the Department of Banking in May.

The department revealed Tuesday that its consumer credit division opened an investigation that found multiple violations of state law following that prior consent order. As a result, the Department and LoanSnap entered into a new consent order on October 2 that resulted in revoking LoanSnap’s license.

The revocation comes four months after TechCrunch’s exclusive reporting about how LoanSnap became inundated with lawsuits and was evicted from its California headquarters, all while its business cratered amid sky-high interest rates.

LoanSnap founders Karl Jacob and Allan Carroll did not immediately respond to an emailed request for comment. Connecticut’s Department of Banking referred TechCrunch to the new consent order.

Advertisement

The Department of Banking says LoanSnap violated state law in a few ways. First, the company failed to file a change of address with the Nationwide Multistate Licensing System and Registry, the nationwide licensing system for loan originators — a change that was necessitated by the company’s eviction. LoanSnap also violated Connecticut law by failing to disclose multiple default judgements entered against the company as a result of multiple lawsuits, according to the new consent order.

Connecticut’s Department of Banking also says LoanSnap failed to craft new policies and procedures that it was supposed to implement as part of the May consent order, including making sure that unlicensed employees weren’t originating loans.

LoanSnap raised millions of dollars since its 2017 founding from the likes of Richard Branson’s Virgin Group, the Chainsmokers’ Mantis Ventures, Baseline Ventures, and Reid Hoffman. It promised to use AI to simplify the home lending process, and in 2021, it originated nearly 1,300 loans for a total value of almost $500 million, according to data filed with federal regulators

But as interest rates rose, LoanSnap’s business dried up. Recently-released data from the Consumer Financial Protection Bureau shows LoanSnap only originated 42 loans in 2023 for a combined value of $3.6 million.

Advertisement

Source link

Continue Reading

Technology

The Oura Ring Gen 3 is 20 percent off for Prime Day

Published

on

The Oura Ring Gen 3 is 20 percent off for Prime Day

So long as you don’t have new product FOMO, this is an excellent opportunity for bargain hunters. Retailers and companies love discounts on older models right after launching a new one! This is the Horizon model as well, which is normally more expensive than the base Gen 3 due to its fully round shape. Given that Oura comes with a $6 monthly subscription to unlock all the features, getting a discount on hardware can help take some of the sting out. That said, Gen 3 inventory won’t last forever.

Even if you have FOMO, you won’t be missing out on much. I’ve used the Gen 3 for the past three years and tested a bunch of the competition — this is still the clear winner in my book. Compared to the new model, it’s only missing out on flatter sensors, a larger dock, and a slightly more comfortable form factor. The newer Oura Ring 4 does have an updated algorithm that’s supposed to be more accurate, but functionally, you’re still going to get the same metrics with the Gen 3.

That said, if you absolutely can’t stand the idea of a monthly subscription, my second favorite smart ring is also on sale. The Ultrahuman Ring Air is also 13 percent off for Prime Day at $305 and is a great choice if you’re focused on training metrics.

Source link

Continue Reading

Servers computers

Perapian kabel data di rack server

Published

on

Perapian kabel data di rack server



Transmart

source

Continue Reading

Technology

First reviews of Intel’s fastest CPU ever shows that it has finally caught up with AMD – 128-core Xeon 6980P CPU won’t come cheap though

Published

on

First reviews of Intel’s fastest CPU ever shows that it has finally caught up with AMD – 128-core Xeon 6980P CPU won’t come cheap though

Intel’s new 128-core Granite Rapids Xeon 6900P processor family is designed to compete directly with AMD’s EPYC offerings and comes in five variations.

There’s the 6960P (72 cores), 6952P (96 cores), 6972P (96 cores), and 6979P (120 cores), and the flagship 6980P with 128 cores and 256 threads, with a 2.0 GHz clock speed and 504MB of L3 cache.

Source link

Continue Reading

Science & Environment

Florida gas stations are running out of fuel as people flee Hurricane Milton

Published

on

Florida gas stations are running out of fuel as people flee Hurricane Milton


Florida gas stations are rapidly running out of fuel, says GasBuddy's Patrick De Haan

Nearly 16% of gas stations in Florida had run out of fuel as of late morning Tuesday as people flee north to escape the path of Hurricane Milton, according to data from GasBuddy.

Many stations simply can’t keep up with gasoline demand as millions of Floridians collectively evacuate, said Patrick De Haan, head of petroleum analysis at GasBuddy. About 1,200 of the state’s 7,900 gas stations are currently without fuel, according to the data.

“The sheer bulk of this is simply people getting out of harm’s way,” De Haan told CNBC. Prices should not rise as a consequence of the storm because infrastructure and refineries are not expected to be impacted, he said.

Milton is forecast to make landfall on the west-central coast of Florida on Wednesday night and then move east-northeastward across the central part of the state through Thursday, according to the National Hurricane Center.

Milton is currently a Category 4 storm with maximum sustained winds of 150 miles per hour. The storm is forecast to remain “an extremely dangerous hurricane” through landfall in Florida, according to the forecasters.

Advertisement

Florida Gov. Ron DeSantis said Tuesday morning that the state was stockpiling fuel ahead of the storm. Gas stations are running out of fuel and lines are long but there is not a shortage in the state, DeSantis said.

Fuel continues to arrive in Florida by port and trucks have been dispatching supplies to stations in the anticipated impact area, the governor said. The Port of Tampa and other Gulf Coast ports are not receiving ships but the facilities have fuel on hand and dockside operations will continue, he said.

There are no oil refineries in Florida and only 2,000 barrels of oil per day are produced in the state, said Andy Lipow, president of Lipow Oil Associates. However, there are several terminals along the waterfront in Tampa that could be impacted by Milton, Lipow said.

“They are at risk from storm surge, flooding, and power outages,” Lipow said in a Tuesday note. “Significant damage to these facilities will impact on the ability to get gasoline and diesel back into the area for distribution.”

Advertisement

Gasoline delivery by tanker likely will not be possible in Tampa until Sunday at the earliest, Lipow said. Terminals with power, however, could begin distribution of fuel Saturday and Sunday depending on worker and truck driver availability as well as whether local gas stations are working, he said.

Don’t miss these energy insights from CNBC PRO:



Source link

Continue Reading

Trending

Copyright © 2024 WordupNews.com