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TD SYNNEX Expands AI Capabilities Through Partnership With Iterate.ai
TD SYNNEX TD SYNNEX (US:SNX) ZACKSยท2024-10-10 14:20

Core Insights - TD SYNNEX Corporation has formed a strategic partnership with Iterate.ai to enhance its AI-driven tools for resellers, positioning itself as a leader in AI adoption and enterprise-level applications [1][4] Group 1: Partnership and AI Tools - The partnership provides TD SYNNEX resellers access to Iterate.ai's technologies, including Generate, a secure AI assistant that operates on company systems, ensuring data control and integration flexibility [2] - The AI platform utilizes Retrieval-Augmented Generation techniques to derive actionable insights from data, suitable for various applications like document summarization and business intelligence [3] Group 2: Expansion of AI Offerings - The collaboration with Iterate.ai also includes Interplay, a low-code AI development environment for creating AI applications such as chatbots and personalized eCommerce solutions, addressing the rising demand for AI capabilities [5] - TD SYNNEX's focus on tech partnerships is enhancing its product portfolio and global reach, with notable collaborations including Meta Platforms, Microsoft, and Alphabet [6] Group 3: Recent Collaborations - In October 2023, Meta Platforms appointed TD SYNNEX as the exclusive North American distributor for its new business products, including the Meta Quest 3 headset and generative AI tools [7] - In January 2023, TD SYNNEX introduced a Microsoft Azure integrated fraud defense solution aimed at small and medium businesses, enhancing security against cyber threats [8] - In December 2022, the company expanded its collaboration with Alphabet, broadening its cloud solution portfolio with Google Cloud offerings across nearly 60 countries [9]