Latest news with #IXP
Yahoo
16-05-2025
- Business
- Yahoo
Wichita to host first internet ‘airport' in Kansas
WICHITA, Kan. (KSNW) — A new internet project near Wichita State University is expected to bring faster, more reliable service to homes, schools, and businesses throughout south-central Kansas. On Thursday, Wichita State leaders joined state officials and representatives from the nonprofit Connected Nation to break ground on Kansas's first 'carrier-neutral' Internet Exchange Point (IXP). The facility, which will be located across from WSU's Eck Stadium, is expected to be completed by spring 2026. 'We're committed to solving the digital divide in all its expressions,' Tom Ferree, the chairman and CEO of Connected Nation, said. Ferree explained that although many people think they're already using local internet, much of that traffic is actually routed through cities like Denver or Kansas City. The new internet hub will help local networks connect directly with major companies like Google, Microsoft, and Netflix, which will improve speeds and reduce delays, especially during high-demand times. 'Our intention is to establish the first carrier-neutral internet exchange point in Kansas—one of 14 states that does not currently have one,' Ferree said. The project is funded by a $5 million grant from the State of Kansas. It is designed to benefit Wichita and rural areas that often struggle with slower or more expensive internet access. 'This is no different than when the internet first came,' Tonya Witherspoon, the associate vice president of workforce development and industry engagement at WSU, said. 'The changes this will offer to our community and our state—I'm very excited for what this provides us in infrastructure.' Witherspoon said the IXP will work like an airport for internet traffic, reducing the number of 'hops' data has to make by keeping it closer to home. Kansas universities' tuition going up 'Right now in Kansas, all of our data traffic takes 2, 3, 4, 5, 10 hops to get to where it needs to go—and the first hop is out of the state,' she said. 'So every time you're on your computer sending data anywhere, the first transmission is outside of the state—even if you are trying to send something within the state.' Once complete, the new exchange will help internet providers operate more efficiently, lower costs, and give users a faster, more secure experience. 'This opens the market for, you know, a lot more internet service providers to have direct connections and not have to pay for more transport fees and all of that,' Witherspoon said. 'Plus, this will mean that content networks and other large hyperscalers will want to put their data closest to our IEP.' The Wichita facility will be operated by Connected Nation, which does not sell internet service but instead manages connections between providers. 'Their only job here is to provide interconnection—just to create the handshakes that are needed for data to exchange hands,' Witherspoon said. For more Kansas news, click here. Keep up with the latest breaking news by downloading our mobile app and signing up for our news email alerts. Sign up for our Storm Track 3 Weather app by clicking here. To watch our shows live on our website, click here. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
16-04-2025
- Business
- Yahoo
UiPath Recognized as a Leader in the Everest Group Intelligent Document Processing (IDP) Products PEAK Matrix® Assessment 2025
UiPath is positioned as a Leader among the 29 technology providers for its vision, capabilities, and market impact of its trusted, scalable, and open platform that is driving agentic automation NEW YORK, April 16, 2025--(BUSINESS WIRE)--UiPath (NYSE: PATH), a leading enterprise automation and AI software company, today announced that it has been named a Leader in Intelligent Document Processing for the third consecutive year in the Everest Group Intelligent Document Processing (IDP) Products PEAK Matrix® Assessment 2025. Leaders are recognized for their innovation, and continued investments in intelligent document processing solutions—including developments in agentic AI, GenAI, and LLM-driven capabilities, all while prioritizing security and compliance. UiPath is a Leader among the 29 technology providers assessed in the Everest Group IDP PEAK Matrix®, a report that analyzes AI technologies such as LLMs, computer vision, natural language processing (NLP), and machine/deep learning to classify and extract information from structured, semi-structured, and unstructured documents. UiPath is also positioned as a Leader in the analysis of 10 Banking and Financial Services (BFS) IDP products. UiPath enables businesses to understand, optimize, and automate complex processes end-to-end, unlocking new levels of growth, efficiency, and innovation at lower cost and less risk. The UiPath Platform™ accelerates a shift toward a new era of automation—agentic automation—a progressive leap from RPA that combines AI agents, robots, people, and models to deliver AI transformation enterprise-wide for end-to-end processes and drives autonomy and faster decision-making. The combination of robots and agents extends the scope and impact of automation and enables humans to reach their full potential and revolutionize industries such as BFS. "Most data generated in an enterprise is often unstructured and locked away in complex documents. This poses a challenge for enterprises and AI agents to perform autonomously. Enterprises need to leverage advanced intelligent document processing (IDP) capabilities that make the data easily accessible and actionable to address this challenge," said Mark Geene, SVP & General Manager of AI Products at UiPath. "As an established leader in the IDP market, UiPath is uniquely positioned to provide customers with solutions that help them gain business insights from any structured or unstructured documents. With the recently announced UiPath Intelligent Xtraction and Processing, or IXP – a multi-modal, generative model based, data classification and extraction experience – we are helping customers identify and extract the information they need from documents and communications, so they can automate more and unlock greater value from AI and automation. The 'X' in IXP not only represents extraction but also the growing number of diverse content and data types supported." "UiPath maintains its position as a Leader in the Intelligent Document Processing (IDP) Products PEAK Matrix® Assessment 2025 by achieving strong growth driven by innovation. Some of UiPath's latest advancements include an expanding library of pre-built solutions for use cases across industries and process areas, Autopilot for UiPath Studio, a new prompt-driven capability for unstructured, and high-complexity documents, and ongoing investments in agentic automation," said Vaibhav Bansal, Vice President, Everest Group. "Clients have also expressed their satisfaction with the cognitive features of the platform including out-of-the-box (OOTB) generative AI capabilities, ability to integrate with multiple systems, and scalability of the platform." There is an increased demand for specialized processing capabilities to tackle document-intensive processes in the BFS industry. UiPath has been named a Leader in the analysis of 10 BFS IDP products for the advanced capabilities it provides to enable BFS customers to extract, interpret, and process data from documents. UiPath customers, like one of the largest credit unions in the state of Florida, are leveraging UiPath IXP document understanding capabilities to automatically extract, interpret, and process data from loan packages, consolidating the information for easier review. This has reduced manual workloads, mitigated errors, and reduced fraud losses by approximately $800,000. UiPath AI enhancements for IDP: UiPath IXP (Intelligent Xtraction & Processing): is a multi-modal data classification and extraction experience that leverages GenAI and specialized models to unlock enterprise data and reduce time to production. It brings together existing and category-leading IDP capabilities (Document Understanding and Communications Mining) with a new, in private preview, prompt-driven capability for unstructured, and high-complexity documents called generative extraction for unstructured and complex documents. UiPath DocPath and CommPath: specialized large language models (LLMs) that enable out-of-the-box processing of any document or message, with increased accuracy, speed, and scale. Both LLMs are now in general availability. Active learning: allows for anyone to easily train their own models with active guidance from AI, no machine learning or coding skills are required. Generative validation: uses GenAI to validate Document Understanding model outputs. It offers a "second opinion" on the data extracted from documents, reducing the workload of human annotators. This reduces the time spent on human validation, decreases average handling time, and boosts automation rates by up to 200%. Industry-specific IDP offerings: provide tailored, pre-trained IDP models out-of-the-box for industries such as the public sector, healthcare, insurance, and financial services to accelerate end-to-end execution of document processing. Unstructured Document Processing: GenAI opens the opportunity to extract data from complex documents such as contracts, lease agreements, legal briefs, and any type of long-form unstructured document. The Everest Group Intelligent Document Processing Products PEAK Matrix® Assessment is a yearly assessment providing analysis and insights on IDP technology providers and their products to assist enterprises in their selection processes. The findings, which are based on an evaluation of providers' impact on the market, overarching vision and product capabilities and support, are seen as benchmarks in standards and quality for the industry. As part of the evaluations, providers are classified into Leaders, Major Contenders, and Aspirants, based on key dimensions. Register for a copy of the Everest Group Intelligent Document Processing (IDP) Products PEAK Matrix® Assessment 2025 research report here. DisclaimerLicensed extracts taken from Everest Group's PEAK Matrix® Reports, may be used by licensed third parties for use in their own marketing and promotional activities and collateral. Selected extracts from Everest Group's PEAK Matrix® reports do not necessarily provide the full context of our research and analysis. All research and analysis conducted by Everest Group's analysts and included in Everest Group's PEAK Matrix® reports is independent and no organization has paid a fee to be featured or to influence their ranking. To access the complete research and to learn more about our methodology, please visit Everest Group PEAK Matrix® Reports. About UiPathUiPath (NYSE: PATH) develops AI technology that mirrors human intelligence with ever-increasing sophistication, transforming how businesses operate, innovate, and compete. The UiPath Platform™ accelerates the shift toward a new era of agentic automation—one where agents, robots, people, and models integrate seamlessly to drive autonomy and smarter decision-making. With a focus on security, accuracy, and resiliency, UiPath is committed to shaping a world where AI enhances human potential and revolutionizes industries. For more information, visit View source version on Contacts MediaUiPathpr@ Investor Sign in to access your portfolio
Zawya
04-03-2025
- Business
- Zawya
Internet Society Extends Multi-Year Partnership with Meta and Announces Connectivity Co-Funding Initiative
As leaders in mobile technology and connectivity gather in Barcelona for Mobile World Congress, the Internet Society ( global charitable organization championing an open, globally connected, and secure Internet—today announced the expansion of its partnership with Meta ( with the launch of a new Connectivity Co-Funding Initiative. The initiative aims to scale up efforts to expand affordable, reliable, and sustainable Internet access globally, with both the Internet Society and Internet Society Foundation committing a $30 million investment through 2030. Meta has joined as the first co-funding partner as the Internet Society calls for additional partners to support the vision of a more equitable, connected world. Across the globe, 2.6 billion people lack access to the Internet, excluding them from vital opportunities in education, healthcare, economic growth, and civic participation. Through the new Co-Funding Initiative, the Internet Society is leveraging its decades of expertise, global network, proven grant-making systems, and advocacy to help enable policies to address these issues. Meta is the first company to join the Co-Funding following a successful partnership ( with the Internet Society. Since 2018, the two organizations have collaborated to develop Internet Exchange Point (IXP) infrastructure, train technical communities, and measure Internet resilience in countries around the world. Specifically, the Co-Funding focuses on investing in community-centered infrastructure development, addressing market gaps and advocacy, and providing training to build technical capacity. It aims to: Increase Funding and Advocacy: Fund infrastructure deployment and empower communities to manage their networks. Address Market Gaps: Address market failures where commercial providers see no viable business case. Enhance Training: Scale training programs to build technical capacity, empower marginalized groups, and develop the next generation of Internet leaders. Improve Community-Centered Solutions: Build and strengthen last-mile community-centered solutions for people, businesses, schools and health facilities in underserved areas. Build Sustainable Networks: Support locally owned, scalable, and sustainable networks that create jobs and foster entrepreneurship, retain value within communities, and promote self-reliance. Mobilize Advocates: Increase global impact by working with the Internet Society's 130 local chapters and 133,000 members worldwide. 'Over the past several years, our partnership with Meta has resulted in 56 IXPs in 45 countries, giving millions of people faster, more affordable, and reliable Internet access,' said Sally Wentworth, President and CEO of the Internet Society. 'This new Connectivity Co-Funding initiative, supported by Meta, is a prime example of collective action that will help provide meaningful access to more than 2 billion people across the world with insufficient or no Internet. It is our hope that this fund plays a pivotal role in reducing this gap and creating a more equitable digital society.' "Meta is proud to extend our collaboration with the Internet Society, reinforcing our commitment to bridging the digital divide. Together, we aim to empower communities worldwide with sustainable and equitable Internet access, fostering innovation and connectivity for all, said Aaron Russell, Director of Edge Network Infrastructure. This partnership complements our existing infrastructure investments, including subsea cables, which help make the Internet ecosystem more reliable and lower the overall cost of providing access.' Distributed by APO Group on behalf of Internet Society. Press Contact: Allesandra deSantillana Internet Society desantillana@ Press@ About the Internet Society: Founded by Internet pioneers, the Internet Society (ISOC) is a global charitable organization dedicated to ensuring the open development, evolution, and use of the Internet. Through a global community of chapters and members, the Internet Society collaborates with a wide range of groups to promote the technologies that keep the Internet safe and secure and advocates for policies that enable universal access. The Internet Society is also the organizational home of the Internet Engineering Task Force (IETF) About Meta: Meta is building the future of human connection and the technology that makes it possible. When Facebook launched in 2004, it changed the way people connect. Apps like Messenger, Instagram, and WhatsApp further empowered billions around the world. Now, Meta is moving beyond 2D screens toward immersive experiences like augmented and virtual reality to help build the next evolution in social technology.
