Market & Regulation
MIT's Ikigai Labs Acquired by Celonis
MIT News AIhigh confidence
Why it matters
- →The model focuses on structured data, offering a new approach to AI in business operations.
- →It enables real-time decision-making and forecasting, optimizing business processes.
- →The acquisition by Celonis could lead to widespread adoption and integration into existing enterprise systems.
MIT's Devavrat Shah has developed an AI model that uses tabular and time series data to improve decision-making and forecasting for businesses. This model, created through his spinoff company Ikigai Labs, has been acquired by Celonis. The acquisition allows Celonis to integrate Shah's model into its platform, enhancing its ability to digitize and automate operations for over 1,400 companies. This development could significantly improve how businesses use AI for real-time planning and decision-making.
Read originalThe story around this
Earlier coverage that leads up to this article, and what followed. Lines connect each piece to the closest one after it, converging here.
More in Market & Regulation
© TechCrunch AIMarket & Regulationother
Judge allows NAACP lawsuit over xAI pollution to proceed
xAI's attempt to dismiss the NAACP's Clean Air Act lawsuit failed after a federal judge ruled that its gas turbines are not exempt mobile sources and that plaintiffs have standing. This legal setback confirms that AI infrastructure operators cannot bypass environmental permitting by classifying heavy industrial equipment as temporary or mobile. The ruling forces xAI to face scrutiny over air quality impacts at its Colossus data center, setting a precedent for how large-scale compute facilities are regulated under existing environmental laws.
TechCrunch AI
© TechCrunch AI