Domino Data Lab has announced new capabilities for its Enterprise AI Platform, integrating with Amazon Web Services (AWS), NetApp, and NVIDIA to enhance AI project efficiency and reduce costs. The updates aim to streamline the AI lifecycle, making it easier for enterprises to manage diverse technologies and resources.
CEO Nick Elprin stated, "The rapid pace of AI innovation has brought immense complexity for enterprises needing to orchestrate diverse tools and infrastructure." The platform now supports NVIDIA NIM microservices, allowing organizations to transition generative AI proofs of concept into production across hybrid clouds.
New Project Templates enable enterprises to share best practices for AI projects, increasing the speed and quality of data science initiatives. Additionally, Domino's collaboration with AWS and NetApp introduces features for efficient AI model deployment and data management.
Domino's latest release also includes governance tools to automate compliance processes, helping mitigate risks associated with AI initiatives. The company reported a 750% increase in annual recurring revenue from its Domino Cloud solution, reflecting a growing enterprise adoption of its SaaS offerings.
Brandon Allgood from Parabilis Medicines emphasized the platform's role in accelerating drug discovery, stating, "Being able to leverage Domino Cloud helps our teams rapidly harness AI to design novel peptides for the treatment of cancers."