Databricks powers Addepar's ADX as Amazon handles large datasets securely

Key Takeaways

Addepar launches ADX to unify data and boost AI

Addepar introduced a new tool called ADX to help firms manage and use their investment data better. This system connects information from different parts of a company into one secure place. It uses technology from Databricks to support over $9 trillion in assets on the platform. The update also improves Addison, the company's AI tool, by giving it access to more complete data. Bob Pisani, the CTO, says this change helps businesses turn data into a clear advantage for their operations.

Addepar launches ADX to unify data and boost AI

Addepar introduced a new tool called ADX to help firms manage and use their investment data better. This system connects information from different parts of a company into one secure place. It uses technology from Databricks to support over $9 trillion in assets on the platform. The update also improves Addison, the company's AI tool, by giving it access to more complete data. Bob Pisani, the CTO, says this change helps businesses turn data into a clear advantage for their operations.

Addepar launches Data Exchange to unify wealth info

Addepar launched a new system called ADX to help wealth management firms organize their data. This tool allows companies to bring together information that was previously kept in separate systems. It supports over 1,400 clients who manage $9 trillion in assets across 60 countries. The platform works with partners like Databricks and Amazon Web Services to handle large amounts of data securely. Bob Pisani noted that this helps firms use AI for tasks like creating proposals and analyzing market data.

Celestica shifts focus to higher margin AI hardware

Celestica is changing its business to focus more on high-value AI hardware instead of standard manufacturing. In the first quarter of fiscal year 2026, high-performance solutions made up 42% of its sales. This shift has helped the company increase its operating profit margins. The firm plans to start mass producing 1.6T switches for big tech companies in late 2026. An analyst maintains a buy rating on the stock but warns that prices could drop if growth slows down.

Celestica AI hardware boom drives growth and margins

Celestica is successfully moving from low-profit manufacturing to higher-profit design work for AI hardware. Its high-performance solutions now account for 42% of sales, which has boosted its operating margins. The company expects to start making 1.6T switches and co-packaged optics switches in 2026 and 2027. An analyst believes these changes justify a higher stock price, though the company faces risks if growth does not continue.

Precisely adds new AI tools and data marketplace

Precisely released updates to its data tools to help organizations prepare for AI use. The new Data Integration Agent helps teams set up data systems with less manual work. A partnership with Huwise created a Data Product Marketplace for sharing trusted data internally and with partners. The company also added new APIs and a Model Context Protocol server to make data easier for AI agents to use. These changes help businesses avoid the usual delays caused by messy or unorganized data.

Anthropic boss predicts one-person billion dollar company

Dario Amodei, the leader of Anthropic, predicts the first one-person billion dollar company will appear by the end of the year. He made this claim while announcing a deal with SpaceX to build a new AI system. The system will power applications like a new version of ChatGPT. Amodei believes this development will change how people start businesses and create major players in AI.

Fortinet gains ground in AI with security wins

Fortinet showed strong results in its latest earnings report due to sales of AI-related security products. The company's data center security business grew by 44% compared to last year. Shares of the company jumped 15% after the report was released. CEO John Maddison said the growth proves the company can succeed in the AI market. Analysts praise the company's ability to add AI features to its security tools.

UiPath adds agentic AI for government and regulated sectors

UiPath announced it is adding new AI capabilities to its automation software for government and regulated industries. This update allows agencies to run AI tools on their own local servers instead of the cloud. The new features help automate complex tasks and reduce human errors. This move strengthens UiPath's position as a leader in the robotic process automation market.

CoreWeave beats revenue estimates on strong AI demand

CoreWeave reported higher than expected revenue for the quarter due to strong demand for its cloud services. The company specializes in high-performance computing needed to train AI models. Its close relationship with Nvidia helps it get access to the latest AI chips early. Total revenue reached $2.08 billion, showing how important AI is driving cloud growth.

Meta builds AI agent Hatch and shopping tool for Instagram

Meta is creating a new AI agent named Hatch to help users shop on Instagram. The company is also building a feature that lets people buy products directly inside the app. CEO Mark Zuckerberg is pushing these projects to get better returns on Meta's huge AI investments. These efforts come as Meta faces more competition in the social media space.

Legal tech start-ups offer new career path for lawyers

Legal technology start-ups are creating new job opportunities for lawyers interested in technology. These companies use tools like AI and blockchain to change how law is practiced. Lawyers can join small, fast-moving teams and work on a wide variety of projects. This path allows professionals to influence the development of laws and improve the legal sector.

Lightspeed hires new CTO and launches AI tools

Lightspeed Commerce appointed Bhawna Singh as its new Chief Technology Officer. She brings over 25 years of experience from companies like Okta and Glassdoor. Along with her hiring, the company released new AI features for its retail and restaurant platforms. These tools include an AI assistant for merchants and an optical character recognition tool for inventory. The company also added a direct connection to the Faire wholesale marketplace.

Sources

• Addepar Introduces ADX, Enabling Data Activation and AI at Scale
• Addepar Introduces ADX, Enabling Data Activation and AI at Scale
• Addepar Launches Data Exchange to Unify Wealth Information
• Celestica Shifts Toward Higher-Margin AI Hardware
• Celestica's AI Hardware Boom: Growth, Margins, And Market Mispricing
• Precisely Advances Agentic-Ready Data with New AI Agent, Data Product Marketplace, and MCP-Enabled APIs
• Anthropic boss predicts first one-person $1bn company by year’s end
• Fortinet asserts its position in AI with data center security wins: analysts
• UiPath (PATH) Expands Agentic AI Capabilities for Government and Regulated Industries
• CoreWeave tops revenue estimates as AI boom supercharges cloud demand
• Meta Is Building an AI Agent Called ‘Hatch’ and an Agentic Shopping Tool in Instagram
• AI legal-tech start-ups’ alternative career path for lawyers
• Lightspeed Commerce Appoints Bhawna Singh as Chief Technology Officer; Ships Wave of AI, Payments and Wholesale Innovations