Maria Deutscher
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Extreme Networks tops earnings expectations, but stock drops on weak guidance
Shares of Extreme Networks Inc. plunged more than 16% today after the company posted stronger-than-expected quarterly earnings, but shared financial guidance that fell short of the consensus estimate. Nasdaq-listed Extreme Networks makes switches and routers for data centers. It also sells Wi-Fi equipment that enterprises use to provide wireless connectivity at their offices. Alongside its hardware, ...
US, dozens of allies pledge not to pay ransomware hackers
The U.S. and dozens of other countries have pledged not to pay hackers after ransomware attacks. The commitment was reportedly made today at an annual meeting of the International Counter-Ransomware Initiative, a coalition focused on tackling cybercrime. The coalition includes the U.S. and about 40 other countries, as well as the European Union and Interpol. ...
Google DeepMind debuts new version of its AlphaFold model for researchers
Google DeepMind today detailed a new version of AlphaFold, an artificial intelligence model it has built to help researchers study biological molecules such as proteins. The Google LLC unit says the latest iteration of the model provides more accurate data about proteins’ structure than its predecessor. Furthermore, AlphaFold can now study a broader range of ...
Palo Alto Networks acquires Dig Security for reported $400M
Palo Alto Networks Inc. today announced plans to acquire Dig Security Solutions Ltd., a startup that helps companies track and secure their internal data. The companies didn’t disclose the deal’s financial terms. However, TechCrunch reported that Palo Alto Networks is paying about $400 million for Dig. The acquisition comes a few weeks after word emerged that ...
Broadcom still expects to acquire VMware after deal misses targeted closing date
Broadcom Inc. this morning reassured investors that it still expects to close its proposed acquisition of VMware Inc., which was set to close today but didn’t. The transaction terms designate Nov. 26 as the deal’s completion deadline. If Broadcom doesn’t finalize the acquisition by then, it will have to pay a $1.5 billion termination fee. ...
Check Point Software posts expectation-topping third-quarter results
Check Point Software Technologies Ltd. today posted better-than-expected revenue and profit numbers for its fiscal third quarter. The company also revised its full-year earnings guidance upwards, but its revenue forecast has been trimmed on the high end. Its share price dropped 2% on the report. Check Point Software is a major cybersecurity provider that counts ...
Data storage supplier Western Digital to split into two companies
Shares of Western Digital Corp. jumped more than 6% today after it announced plans to break up into two companies that will separately make hard drives and flash storage. The development comes about 18 months after activist investor Elliott Investment Management called on the storage maker to explore a corporate split. The news also follows ...
Nvidia backs $99M round for laser-powered 3D metal printing startup Seurat
Startup Seurat Technologies Inc., which develops laser-powered 3D printers for the industrial sector, today announced that it has raised $99 million in funding. Nvidia Corp.’s NVentures fund and Capricorn led the Series C investment. They were joined by about a dozen other backers including the venture capital arms of General Motors Co., Honda Motor Ltd., ...
Google will reportedly invest up to $2B in OpenAI competitor Anthropic
Google LLC is expected to invest up to $2 billion in Anthropic PBC, an OpenAI LP competitor focused on developing large language models. The Wall Street Journal reported the deal this morning. It’s believed that Google will provide $500 million upfront and invest the rest over time. Using the new funding, Anthropic can more easily ...
UN forms AI advisory board as model governance moves up the tech industry’s priority list
The United Nations plans to form an advisory board that will explore the risks and opportunities presented by artificial intelligence. The development comes as major tech industry players are also increasing their focus on AI governance. Against the backdrop of the U.N.’s Thursday announcement, OpenAI LP launched a new team tasked with identifying potential risks ...