Fastly AI Accelerator, Spike €3.2M, OKX API Keys Breach
The API Changelog issue 2024.25
This is issue 2024.25 of the API Changelog, a mix of API news, commentary, and opinion. In this issue, you'll get to know the most relevant API-related information from the week of June 10, 2024. Subscribe now, so you never miss an issue of the API Changelog.
Highlight of the week
At WWDC 2024, Apple unveiled iOS 18, macOS Sequoia, and advancements in AI, calling it 'Apple Intelligence,' enhancing the ecosystem's functionality. New hardware Apple Vision Pro updates and international launch news, alongside various software enhancements for Apple devices, emphasize user experience and privacy.
Apple also introduced new developer tools like Xcode 16 and APIs, bolstering app creation across its platforms. Swift 6 enhances concurrency and games can be ported more easily with Game Porting Toolkit 2. See additional coverage on slator.
Another area that was unveiled was Apple Intelligence, allowing developers to incorporate its AI into apps with updated SDKs and APIs. Siri enhancements will enable control over app functions and text interactions, without additional coding for developers.
This issue of the API Changelog was crafted with the help of Flotiq.
Flotiq is an intuitive content management system for designing OpenAPI-compliant APIs, offering unparalleled extensibility to accelerate development with easy-to-use SDKs, comprehensive API documentation, and a user-friendly interface for seamless API and content integration.
Announcements
Apollo GraphQL announced the general release of new features in Apollo GraphOS, enhancing GraphQL federation performance. The update aims to improve API teams' efficiency, observing, and optimizing API operations at enterprise scale. See additional coverage on SD Times.
HappyCo, a multifamily operations software provider, introduced HappyCo Plugins for easy integration of PropTech solutions, enhancing workflow efficiency. The open API marketplace eliminates data silos, promotes flexibility, and allows customization for property management. See additional coverage on inman and Silicon.
Telstra joins forces with Vonage to leverage 5G and network APIs for enhanced customer experiences. This collaboration aims to spur innovation and unlock new enterprise applications and monetization opportunities.
Nokia Network Exposure Platform (NEP) is the first to implement the GSMA Operator Platform for service exposure to developers. The platform integrates with Nokia's solutions and supports standard APIs for secure networking within digital ecosystems. See additional coverage on ComputerWeekly, The Fast Mode, telecoms, and Mobile World Live.
Csmart's low code, open API, and microservices architecture improve agility, scalability, and reduce telco launch time/costs by 4x. It supports quick MVNx service launches through digital ecosystem setup.
Telefónica Deutschland (O2 Telefónica) continued its core network collaboration with Ericsson, focusing on 5G, automation, and network efficiency innovations. The extended contract includes a successful in-service software upgrade and operates alongside O2's cloud-based 5G network projects with other partners. See additional coverage on ericsson.com.
Monalee, a U.S. software firm, provides an online platform for residential solar investment, featuring automated services like estimates and installation coordination. The platform uses GIS data and deep learning to bypass the need for onsite visits, facilitating solar solutions in 24 states and aiming for expansion.
API technology provider Kyte has entered into a deal with Spotnana to supply low-cost airline content through its API. Spotnana will thus broaden its flight options and enhance value for corporate clients via accessible travel deals and ancillaries. See additional coverage on Inflight, TravelDailyNews, and BTN.
One Mortgage System (OMS) integrates with Interbridge Mortgages, offering rapid lending decisions and a tailored product range. OMS users benefit from streamlined mortgage processes and innovative second charge options, enhancing the sector's growth. See additional coverage on The Intermediary and MortgageStrategy.
Funding and M&A
Vilnius-based Spike, an AI startup, secured €3.2 million for their health data platform and AI solutions designed for digital health applications. The funding supports growth and addresses industry challenges like compliance and talent scarcity.
AI
OpenAI launched new security and administrative tools for its enterprise API, unveiling features aimed at large business clientele. The company enhanced its Assistants API with multiple advancements, including high-capacity file handling and cost-effective options.
Fastly introduces the "Fastly AI Accelerator," designed for cheaper, faster access to OpenAI's ChatGPT with potential future support for other language models. The Accelerator leverages semantic caching on Fastly's edge platform to enhance performance and reduce costs for repeat AI queries. See additional coverage on SiliconAngle and businesswire.
JD Sports is AI-enabling its online search with Algolia to provide precise and relevant e-commerce results. This API-based strategy enhances flexibility and innovation, crucial to JD Sports' revenue growth and composability goals.
Sapia.ai's new move offers global access to AI application development using data from over 4 million job interviews. CEO Barb Hyman believes this will be transformative for organizations experimenting with AI applications.
Frame AI, a premier Streaming Generative AI Platform, provides its Enterprise API via AWS Marketplace for simpler integration. This service complements the existing Retrieval-Augmented Generation (RAG) systems, enhancing AI infrastructure flexibility. See additional coverage on Martechcube and datanami.
Picsart is set to release a "responsible, commercially safe" AI image generator using exclusively licensed Getty Images content. The new tool is expected to launch later this year.
Fintech
Fireblocks has integrated with Coinbase International Exchange to secure exchange activities like withdrawals and deposits. Coinbase International Exchange, licensed by the Bermuda Monetary Authority, expands trading services while using Fireblocks' technology to combat security threats.
Ozone API, a UK-based firm, has entered a strategic partnership with Tuum, an Estonian core banking provider. This collaboration aims to advance next-generation banking services. See additional coverage on CrowdFund Insider, IBS intelligence, and Finextra.
Portfolio+, a fintech leader, has successfully integrated its API with Equitable Bank's LOS, enhancing the bank's digital services. This collaboration accelerates loan processing, improving experiences for Equitable Bank's customers and employees. See additional coverage on The Malaysian Reserve.
Merge has attained in-principle approval for an EMI license in France, broadening its financial services range. The fintech firm expanded its currency offerings, adding USD and 60 other currencies, enhancing its global payment capabilities.
Security
OKX has been reportedly breached with hackers allegedly draining funds from user accounts via new API keys. The crypto exchange is investigating the incident and will address responsibility upon conclusion.
Check Point Software launched CloudGuard WAFaaS, a managed AI-powered web firewall, to simplify and secure cloud and API protection. With 96% of surveyed users concerned about cloud risks, CloudGuard WAFaaS offers a user-friendly, robust security solution as part of the Infinity Platform. See additional coverage on SecurityBrief, GlobeNewswire, and Check Point.
The Traceable AI study reveals that while financial institutions recognize API security's importance, many struggle with vulnerability detection and regulatory compliance concerns. The report uncovers high risks of data breaches involving sensitive information and urges the sector to enhance security measures against expanding threats. See additional coverage on businesswire.
MEF and TM Forum have partnered to align their APIs and models, enhancing automation in Network-as-a-Service (NaaS). This collaboration will standardize industry APIs, speeding up service delivery and reducing operational costs. See additional coverage on Lightwave+BTR and Fox5.