Introducing opentext.ai and OpenText Aviator™
The Next Generation of Information Management Innovations
WATERLOO, ON, Aug. 3, 2023 /CNW/ -- Today, OpenText™ (NASDAQ: OTEX), (TSX: OTEX), announces opentext.ai, the company's vision and direction for AI. Opentext.ai is a new strategic approach to advance how customers can solve complex problems by applying Artificial Intelligence (AI) and Large Language Models (LLM) with their OpenText Information Management software. Today the company is announcing:
opentext.ai: Enabling Customers to Make the AI Pivot
"The internet changed everything. With AI, everything must change," said Mark J. Barrenechea, CEO & CTO OpenText. "It is clear this is a new era of technology, the Cognitive era. AI will impact what it means to be a company, what it means to work, and what it means to be human. We are excited to announce our initial vision and direction, opentext.ai, and our next set of capabilities called OpenText Aviator™ as part of our Titanium X roadmap."
Barrenechea further added "We have helped customers build large data-sets over time, and now we will be providing the building blocks to help them leverage their data securely, in both private and public clouds. We look forward to engaging with customers to begin their AI journey with OpenText as their trusted partner."
OpenText has long approached AI-led automation by helping customers effectively manage information and complex data from all events. With the acquisition of Micro Focus in January 2023, OpenText expanded its mission to include new AI capabilities with Vertica and IDOL, includig geospatial and time series analytics, in-database machine learning, unstructured data analytics, sentiment analysis, etc. Moreover, OpenText has layered in world-class cybersecurity, protecting data and metadata at the code level, within core applications, and in the cloud as it engages with machine learning engines.
Now with opentext.ai, the vision is a poly-model approach focused on the right model for the right job. Grounded in LLMs on top of private secured data, opentext.ai allows for a full stack or modular approach to practical AI. Customers can take advantage of LLM-based capabilities within applications, or they can utilize OpenText Cloud API Services to create the right sandbox to experiment.
Information management and connected data across multi-cloud environments is foundational to AI. The opentext.ai approach is what customers need to make the AI pivot by bringing together predictive AI-led analytics, AI-powered conversational search, and generative AI. This advancement will enable organizations to create new types of customer engagement, build smarter products, improve internal operations, and make smarter decisions. Some of the use cases that OpenText plans to enable include:
OpenText Aviator™: Practical Generative AI on Private Secured Data Sources
Utilizing AI to accelerate its own innovation, OpenText Aviator is the LLM capabilities within each OpenText business cloud. Today's announcement is OpenText's vision and direction, and the first OpenText Aviator capabilities will be available to customers starting with Cloud Editions 23.4 due out in October. We invite customers to explore our design blueprints as we will now be incorporating more AI features into our release cycles every 90 days.
Introducing OpenText Aviator:
OpenText Private Cloud Aviator™: Trusted Partner for Your AI Journey
For OpenText private cloud customers, OpenText will deliver a new Professional Service offering to help set up a private LLM, using out-of-the-box Aviator features or customers' own private cloud environment for their information. OpenText can help customers advance using the data layers they operate in, matching those up with the right models, engineering the right way to extract that data, and then operationalizing the entire process. OpenText Private Cloud Aviator will empower organizations to experiment with AI and LLMs, all while their data is protected.
To learn more, visit opentext.ai.
In a rapidly changing era of information and artificial intelligence, businesses must stay ahead by equipping themselves with the right data and tools. At OpenText™ World Las Vegas, attendees will get the chance to explore hands-on labs, insightful keynotes and panel discussions and learn more about OpenText's latest AI-driven innovations featured in the Titanium X journey.
Certain statements in this press release may contain words considered forward-looking statements or information under applicable securities laws. These statements are based on OpenText's current expectations, estimates, forecasts and projections about the operating environment, economies and markets in which the company operates. These statements are subject to important assumptions, risks and uncertainties that are difficult to predict, and the actual outcome may be materially different. OpenText's assumptions, although considered reasonable by the company at the date of this press release, may prove to be inaccurate and consequently its actual results could differ materially from the expectations set out herein. For additional information with respect to risks and other factors which could occur, see OpenText's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other securities filings with the SEC and other securities regulators. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Unless otherwise required by applicable securities laws, OpenText disclaims any intention or obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Further, readers should note that we may announce information using our website, press releases, securities law filings, public conference calls, webcasts and the social media channels identified on the Investors section of our website (https://investors.opentext.com). Such social media channels may include the Company's or our CEO's blog, Twitter account or LinkedIn account. The information posted through such channels may be material. Accordingly, readers should monitor such channels in addition to our other forms of communication.
Copyright © 2023 OpenText. All Rights Reserved. Trademarks owned by OpenText. One or more patents may cover this product(s). For more information, please visit https://www.opentext.com/patents.
View original content to download multimedia:https://www.prnewswire.com/news-releases/introducing-opentextai-and-opentext-aviator-301893062.html
SOURCE Open Text Corporation
Generative AI Expo #TECHSUPERSHOW Networking LIVE Party
Solutions Showcase Session
Keynote Panel: The Continued Rise of AI: Embracing the Known and Unknown to Drive Business Results