Top 9 Latest AI News Updates Investors Shouldn’t Miss

5. Cognyte Software Ltd. (NASDAQ:CGNT)

Number of Hedge Fund Holders: 20

Cognyte Software Ltd. (NASDAQ:CGNT) offers investigative analytics software to governments and diverse organizations. It helps clients with actionable intelligence to accelerate and improve the effectiveness of investigations and decision-making, neutralize and overcome threats to national security, and address criminal activities.

On March 5th, Cognyte Software Ltd. (NASDAQ:CGNT) announced a collaboration with Microsoft to offer a secure and cloud-based deployment option for its decision intelligence platform, NEXYTE. The company will leverage Microsoft Azure to offer NEXYTE with flexible deployment models, enabling customers to select between on-premises and cloud-based environments based on their requirements. With Azure, NEXYTE clients gain access to advanced cloud services, like Azure AI Document Intelligence and Azure AI Vision to automatically process and analyze unstructured data and integrate insights with other data sources to accelerate analysis of complex data workflows and boost accuracy for successful investigative outcomes.

“This relationship brings cloud-based agility and innovation to the field of investigative analytics, underscoring Cognyte and Microsoft’s shared commitment to advancing AI-powered analytics. By integrating Azure’s robust AI Services capabilities, NEXYTE is positioned as a future-ready solution that enables organizations to tackle complex, data-intensive challenges with improved speed, security, and flexibility.”

-said Vinod Valloppillil, Director of Product at Azure AI.