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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