GenAI Is Everywhere, Apple IPhones Down But Stock Up, Atlassian's Rovo Finds Info Everywhere
GenAI is indeed everywhere in every segment of the IT marketplace, driving partnerships, expansion into tools by industry standards like Tableau, and even the future of the personal computing.
It seems as if every firm is making some splashy GenAI announcement. Amazon has officially launched Amazon Q, its generative AI-powered assistant to enhance software development and streamline access to company data. Amazon previewed the technology at its 2023 AWS re:Invent conference and is now making it generally available. AWS’s enterprise-specific iteration, Q Business, is promised to be a transformative AI-powered assistant capable of answering queries, providing summaries, generating content, and executing tasks securely using enterprise data.
Likewise, firms of all types and histories drop GenAI technology everyday. 黑莓 Limited announced the general availability of?Cylance Assistant, a generative AI cybersecurity advisor that will help organizations speed up decision-making and stop more threats faster with fewer resources.?SlashNext announced the launch of SlashNext GenAI for Spam and Graymail. Whether enterprise level GenAI, the changing language models themselves, or a specific IT segment like analytics, GenAI is and has been having a moment leaving many firms scrambling for AI talent (even Apple) and the firms themselves eyeing investment (with maybe little to show for it).
Data Visualization Of The Week: Apple's Revenue
Apple’s Q1 2024 (fiscal Q2 2024) revenues declined 4% YoY. While the revenues from products declined 10% YoY, revenue from services grew impressive 14% YoY reaching the highest ever share (26%) of 苹果 ’s total revenue. This was also the first time that services captured over one fourth of Apple’s total revenue in the first quarter.
Apple's second quarter results were better-than-expected, but revenue fell 4% from a year ago. The company said it plans to buy back an additional $110 billion in shares. The company said its board of directors has authorized $110 billion in share repurchases, up 22% from last year’s $90 billion authorization and the largest in its history. That helped make up for declining revenue across its main business lines, with iPhone sales plummeting 10% from a year earlier. Apple stock price surges on dividend, stock buyback news despite plunge in iPhone sales.
In other news, Apple USB-C AirPods Pro 2 Fall To All-Time Low Price, but Apple’s DoJ Lawsuit Was Inevitable And Will Change The Company Forever (read lawsuit here).
Atlassian's Rovo Wants To Help You Locate Data Across Your Apps
Atlassian launched Atlassian Rovo, a generative AI assistant built on Atlassian Intelligence, which will operate across the company's teamwork platform. In addition, Atlassian said it was combining Jira Software and Jira Work Management into one project management tool.
Rovo's capabilities extend beyond simple search. The platform incorporates advanced GenAI-driven features that allow users to not only find information but also learn from it and turn insights into action. Knowledge cards and AI chat functions provide in-depth analyses and facilitate deeper exploration of data, making complex information easily digestible and actionable.
Analysts are signaling the boost this gives Atlassian in the marketplace. The basis for Rovo is Atlassian’s “cloud teamwork graph,” the same graph that forms the foundation of Atlassian Intelligence, the company’s year-old effort of bringing an AI teammate to its products. That graph brings together data from Atlassian’s own products and a number of third-party SaaS tools.