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FDP.GB FD Technologies Plc

1,000.00
0.00 (0.00%)
23 May 2024 - Closed
Realtime Data
Share Name Share Symbol Market Type Share ISIN Share Description
FD Technologies Plc AQSE:FDP.GB Aquis Stock Exchange Ordinary Share GB0031477770
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1,000.00 500.00 1,500.00 1,401.69 1,000.00 1,000.00 5,552 15:29:25
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

FD Technologies PLC Launch of KDB.AI Server

28/11/2023 7:00am

RNS Non-Regulatory


TIDMFDP

FD Technologies PLC

28 November 2023

28 November 2023

FD Technologies plc

("FD Technologies" or the "Group")

Launch of KDB.AI Server

FD Technologies (AIM: FDP.L, Euronext Growth: FDP.I) announces that KX has launched KDB.AI Server, a highly-performant, scalable, vector database for time-orientated generative AI and contextual search. It is available from today for deployment on-premises, hybrid, or in the cloud in a single container via Docker for quick and easy setup.

Generative AI promises to fundamentally transform productivity and drive competitive differentiation, yet as evidenced by a recent report by Accenture (AI: Built to Scale), while 84% of global C-suite executives believe they must leverage AI to achieve their growth objectives, 76% report they struggle with how to scale. KDB.AI Server solves this problem, giving enterprises the ability to supercharge their AI applications with unparalleled data processing and search functionality, that scales to meet the needs of the largest, most complex enterprises.

Built to handle high-speed, time-oriented data and multi-modal query data processing, KDB.AI seamlessly handles both structured and unstructured enterprise data, enabling holistic search across all data assets with better accuracy and lower cost. Unique among vector databases, KDB.AI enables developers to bring temporal and semantic context and relevancy to their AI-powered applications, giving them a comprehensive data search tool with unequaled flexibility.

Moreover, KDB.AI is optimised for Retrieval Augmented Generation (RAG) patterns which ensures that rather than continuously training or fine-tuning Large Language Models (LLM), developers can bring data relevancy to their prompts delivering better accuracy, lower cost, and less need for GPUs.

Notable enterprise-grade features include:

 
      --   Advanced metadata filtering: Users can refine and target searches for more relevant and precise 
            outcomes, enhancing the efficiency and effectiveness of data analysis across large datasets. 
      --   Multi-Modal Data Handling: Supports diverse data types including text, video, audio, and 
            images. 
      --   User-Friendly: Simplified querying with Python or REST API, enabling the use of any language. 
      --   Performance: Designed to handle billions of vector searches across diverse enterprise data. 
      --   Integrated Solutions: Fully compatible with popular tools like LangChain and accessible via 
            APIs. 
 

Ashok Reddy, CEO, KX: "The debut of KDB.AI Server Edition marks a transformative step in enterprise AI. It's tailored for a future where data is a strategic powerhouse, enabling businesses to create unique, custom AI solutions from their proprietary data to forge a distinct competitive edge. Blending unparalleled data processing with agility and privacy, KDB.AI Server Edition isn't just a new product, it's a leap into the generative AI era, ensuring businesses not only adapt but also thrive and lead in the rapidly evolving AI landscape."

Jonny Press, Chief Technology Officer, Data Intellect: "The promise of generative AI lies in its ability to transform enterprise decision making by enabling new ways to understand information, drive efficiency and augment human intelligence. Here, KDB.AI stands out. The integration of its cutting-edge capabilities into our solutions help push the boundaries of what's possible for our clients and ensures world-leading organisations can successfully compete in the age of AI."

KDB.AI's unique capabilities power versatile applications across a broad range of industry sectors including:

 
      --   Financial Services: Temporal and contextual search to augment trading strategies and reduce 
            risk. 
      --   Gaming & E-commerce: Real-time risk assessments and fraud detection. 
      --   Healthcare & Life Sciences: Analysis of patient records, leading to quicker diagnoses, personalised 
            treatment plans and faster discovery of new drugs. 
      --   Manufacturing & Energy: Multi-faceted search for predictive maintenance, reducing machine 
            downtime and improved operational efficiency. 
      --   Aerospace & Defense : Analysis of operational data for correlation of intelligence, improving 
            command decision making. 
      --   Government: Search and summarisation of case documents, video, audio, and image files. 
 

For further information, please contact:

 
FD Technologies plc                             +44(0)28 3025 2242 
 Seamus Keating, Chief Executive Officer         www.fdtechnologies.com 
 Ryan Preston, Chief Financial Officer 
 Ian Mitchell, Head of Investor Relations 
 
Investec Bank plc 
 (Nominated Adviser and Broker) 
 Carlton Nelson 
 Virginia Bull                                  +44 (0)20 7597 5970 
 
Goodbody (Euronext Growth Adviser and Broker) 
 Tom Nicholson 
 Don Harrington 
 Jason Molins                                   +353 1 667 0420 
 
J.P. Morgan Cazenove (Broker) 
 James A. Kelly 
 Mose Adigun                                    +44 (0)20 3493 8000 
 
FTI Consulting 
 Matt Dixon 
 Dwight Burden 
 Victoria Caton                                 +44 (0)20 3727 1000 
 

About FD Technologies

FD Technologies is a group of data-driven businesses that unlock the value of insight, hindsight and foresight to drive organisations forward. The Group comprises KX, which provides software to accelerate AI-driven innovation; First Derivative, providing consulting services which drive digital transformation in financial services and capital markets; and MRP, which provides technology-enabled services for enterprise demand generation. FD Technologies operates from 14 locations across Europe, North America and Asia Pacific, and employs 2,800 people worldwide.

For further information, please visit www.fdtechnologies.com and www.kx.com

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END

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November 28, 2023 02:00 ET (07:00 GMT)

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