RCS - FD Technologies PLC - Launch of KDB.AI Server

FD TechnologiesAnnouncement

28/11/2023 07:00

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RNS Number : 8052U  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 (http://www.firstderivatives.com)

 Ryan Preston, Chief Financial Officer

 Ian Mitchell, Head of Investor Relations

 Investec Bank plc                              +44 (0)20 7597 5970

 (Nominated Adviser and Broker)

 Carlton Nelson

 Virginia Bull

 Goodbody (Euronext Growth Adviser and Broker)  +353 1 667 0420

 Tom Nicholson

 Don Harrington

 Jason Molins

 J.P. Morgan Cazenove (Broker)                  +44 (0)20 3493 8000

 James A. Kelly

 Mose Adigun

 FTI Consulting                                 +44 (0)20 3727 1000

 Matt Dixon

 Dwight Burden

 Victoria Caton

 

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
(http://www.fdtechnologies.com) and www.kx.com (http://www.kx.com)

 

 

 

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