AI
AI
AI
Nvidia and Dell shine on earnings, Salesforce bags Informatica, and yes, AI will kill jobs
Given the impact of tariffs on a wide variety of technology companies, it was big news this week that the U.S. Court of International Trade blocked President Trump’s wildly varying tariffs — but an appeals court put a temporary hold on that ruling. Who knows what happens next, but the case could be headed for the Supreme Court.
You need to know about vector databases, and now you have a great place to find out why they’re so critical to the dawning AI era. Check out Kyt Dotson’s feature on vector databases.
Nvidia came through on earnings despite export controls, Dell Technologies did well on AI demand, and Salesforce did OK, more or less, but enterprise tech earnings results are understandably mixed in this unpredictable economy.
AI budgets are stealing from broader IT spending; Dave Vellante lays it out in Breaking Analysis. And if you want to know even more about why, Mary Meeker is out with her first must-read deep dive in years, this one on AI.
Meanwhile, half of entry-level workers are going to lose their jobs to AI, says Anthropic CEO Dario Amodei. Great.
Speaking of Salesforce, it finally bagged Informatica, and for a relative bargain. And on cybersecurity front, Zscaler and Check Point both made acquisitions as well, though it sure seems that consolidation in this sector is two steps forward, two steps back.
IPO watch: Stablecoin issuer Circle will go public, another in a recent trickle of IPOs.
Elon Musk is leaving DOGE after doing his damnedest to crash the government. Maybe he’ll do better with his businesses this time — it better be better than what he did in his stated DOGE goal to cut unnecessary spending. You know, superfluous things such as healthcare, Social Security and international aid and development. Meanwhile, the New York Times reports that he had bigger drug problems than most people realized, which comes as a surprise to no one.
Big events coming up for big data: Snowflake Summit next week and Databricks’ AI+Data Summit the following week, both of which we’ll be covering closely.
Another spate of earnings results are coming next week from HPE, Broadcom, Couchbase, Asana, CrowdStrike, Docusign and Rubrik.
Here’s all the enterprise and emerging tech news this week from SiliconANGLE and beyond. For a deeper dive, watch John Furrier’s and Dave Vellante’s weekly podcast theCUBE Pod, out late today on YouTube:
AI and data: Dive into vector databases
Top news and analysis
Memory for the machine: How vector databases power the next generation of AI assistants
Breaking Analysis: AI budgets are hot, IT budgets are not
Salesforce to acquire Informatica at $8B valuation
AI set to eliminate half of entry-level white-collar jobs within five years, warns Anthropic CEO
New models and services
Perplexity introduces Labs: a new tool that creates spreadsheets, dashboards and web apps
Hugging Face introduces two open-source robot designs
Monte Carlo turns its gaze to unstructured data quality issues
Exclusive: Anomalo expands data quality insights to unstructured information
Anthropic’s Claude gets chatty with voice mode in beta
Mistral AI gives developers a complete toolkit for building AI agents
Google Cloud rolls out new BigLake and BigQuery features to ease analytics projects
Bit Cloud builds more visibility and control into AI-generated applications
New Relic strengthens software reliability with GitHub Copilot Coding Agent integration
Akool introduces Live Camera for real-time AI-driven video
Writer becomes one of the first AI model developers to complete ISO ‘trust triad’
Fabrix.ai brings fresh take on agentic AI operational intelligence
Money matters
ClickHouse reels in $350M for its high-speed columnar database
Elon Musk’s xAI inks $300M AI deal with Telegram
Snorkel AI raises $100M at $1.3B valuation for its AI data development platform
Prepared raises $80M to expand AI-powered emergency response platform
Hex raises $70M to expand AI-powered data analytics platform
Chalk raises $50M at $500M valuation to empower AI inference
Buildots raises $45M for its AI-powered construction management platform
Exclusive: Superblocks raises $23M to rein in the Wild West of vibe coding
Bito bites off $5.7M in funding to take on GitHub Copilot in AI coding
Heatseeker AI raises $1.5M in funding for its market research platform
There’s even more AI and big data news on SiliconANGLE
Around the enterprise: Nvidia takes a bow
Money matters
AMD acquires photonics startup Enosemi to develop co-packaged optics
WiseTech to buy E2open in $2.1B logistics software acquisition
Grammarly raises $1B from General Catalyst to grow its AI productivity platform
Cloud cost optimization startup CloudZero closes $56M investment
Earnings: Nvidia pulls it out, but export restrictions bite it, and tariffs nibble at others; all in all, a mixed bag appropriate to today’s extreme uncertainty:
Nvidia delivers another earnings and revenue beat on rampant data center growth
Dell’s stock moves higher on strong AI server demand and bullish revenue outlook
Pure Storage and Nutanix beat expectations again, but Wall Street is nonplussed
HP shares fall over 8% as earnings miss and tariffs weigh on outlook
Chipmaker Marvell delivers to expectations but its stock declines after-hours
Salesforce posts strong results and bullish guidance as it looks forward to buying Informatica
Strong execution and agentic AI tailwinds help UiPath beat expectations
Box’s stock jumps 17% as it beats expectations and raises full-year forecast on agentic AI boost
C3 AI stock surges after earnings and revenue exceed expectation
PagerDuty beats revenue estimates but shares fall on lowered forecast
Elastic’s full-year revenue outlook misses expectations amid slowing growth
Zscaler reports earnings and revenue beats, raises outlook
Okta shares drop as CEO warns of cautious customer sentiment despite strong earnings
SentinelOne posts strong revenue growth but shares fall on weak guidance
New products and services
Report: Nvidia racing to develop new, scaled-down Blackwell GPUs for China
Atlas Cloud optimizes AI inference service to boost GPU throughput
EnCharge’s EN100 accelerator chip sets the stage for more powerful on-device AI inference
Cast AI debuts Database Optimizer to streamline cloud database caching
Policy
Court blocks Trump from imposing most of his tariffs but another court stays the block.
Cadence and Synopsys sink on report Trump ordered halt to China sales
Advice
How software engineering leaders can build and deliver software to drive business results
We have lots more news on cloud, infrastructure and apps
Cyber beat: Consolidation creeps ahead
Money matters
Check Point, Zscaler ink startup acquisitions in latest round of cybersecurity consolidation
Security startup Horizon3.ai is raising $100M in new round (per TechCrunch)
Identity security automation startup Cerby raises $40M
New services
Cisco introduces Duo Identity and Access Management to enhance identity protection in the AI era
Snyk launches AI Trust Platform to address security in AI-driven software development
Chainguard enhances container efficiency with new multilayer image upgrade
DefectDojo adds next-gen security operation center features to unify AppSec and SOC workflows
Attack & response
Delinea report finds 69% of firms hit by ransomware last year
Oasis Security warns of excessive OneDrive File Picker permissions exposing entire drives
Elsewhere in tech: Circle to go public
Stablecoin issuer Circle launches IPO on New York Stock Exchange
Meta and Anduril partner to develop wearables for the US military
And check out more news on emerging tech, blockchain and crypto and policy
Comings and goings
Report: Most of CISA’s senior leaders are leaving the agency
Meta shuffled its AI team to compete with OpenAI and Google (per Axios)
Former BetterUp and Alteryx Chief Financial Officer Kevin Rubin joined Zscaler as CFO, replacing retiring Remo Canessa.
Netflix Chairman Reed Hastings joined Anthropic’s board.
AI infrastructure firm Nebius named Marc Boroditsky chief revenue officer.
What’s next
Events
PegaWorld, Las Vegas, June 1-3: SiliconANGLE will have the news.
Snowflake Summit, San Francisco, June 2-5: SiliconANGLE and theCUBE will be onsite with all the news, analysis and interviews.
Databricks Data+AI Summit, San Francisco, June 9-12: SiliconANGLE will be onsite with all the news.
Earnings
Tuesday, June 3: HPE, Couchbase, Asana, CrowdStrike
Wednesday, June 4: MongoDB
Thursday, June 5: Broadcom, Docusign, Rubrik
Photo: Robert Hof/SiliconANGLE
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