Maria Deutscher
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Check Point Software shares slump on mixed first-quarter results
Shares of Check Point Software Technologies Ltd. declined more than 6% today after the company posted mixed financial results for the first quarter. Check Point is one of the world’s largest cybersecurity companies. Its products help organizations secure their networks, cloud infrastructure and employee devices. For on-premises data centers, it offers a line of firewall appliances. ...
Regulators shutter First Republic Bank and sell it to JPMorgan
Financial regulators have shut down First Republic Bank, a midsized financial institution that counts startups and venture capital firms among its clients. The Federal Deposit Insurance Corp., or FDIC, announced the move today. The FDIC is a government agency responsible for addressing bank failures and insuring client deposits against losses. The agency stated that JPMorgan ...
Deep learning pioneer Geoffrey Hinton leaves Google, warns of AI risks
Geoffrey Hinton, one of the world’s most prominent artificial intelligence experts, has left his research role at Google LLC. The New York Times reported Hinton’s departure from the search giant today. In an interview, the Turing Prize recipient told the Times that he has concerns about AI’s potential for misuse. Hinton (pictured) also argued that ...
Vercel debuts new serverless database and networking services
Vercel Inc. today debuted three new cloud services aimed at making it easier for companies to build and maintain websites. Two of the services are designed to simplify the task of managing website data. The third new offering, Vercel Secure Compute, promises to mitigate the risk posed by malicious network traffic. San Francisco-based Vercel provides ...
AWS launches AWS Verified Access into general availability
Amazon Web Services Inc. today made its AWS Verified Access cybersecurity service generally available. The service, which made its debut at AWS re:Invent 2022 last November, was previously in preview. It’s rolling out into general availability with a number of new features that weren’t included in the original release. Companies can use Verified Access to ...
Spending on cloud infrastructure services tops $63B in the first quarter
Organizations spent more than $63 billion on cloud infrastructure services in the first quarter, according to a new report from Synergy Research Group. The report, which was released on Thursday, covers the infrastructure-as-a-service, platform-as-a-service and hosted private cloud segments. The PaaS category includes products such as managed database platforms. Hosted private cloud, in turn, is ...
Dell, VMware and AT&T debut 5G-powered edge computing offering
Dell Technologies Inc. has partnered with VMware Inc. and AT&T Inc. to develop a new edge computing offering for enterprises. The offering, which is known as the AT&T MEC with Dell APEX, debuted today. It’s a platform for so-called MEC, or multi-access edge computing. Such platforms are designed to help companies process information that’s generated outside ...
Mobileye tops earnings expectations, but stock plunges on lowered guidance
Shares of chipmaker Mobileye Global Inc. dropped more than 21% today after it lowered its full-year guidance for 2023. The company released the revised projection alongside the financial results for its fiscal first quarter, which ended April 1. Mobileye topped both revenue and adjusted earnings per share expectations during the quarter. Mobileye operated as an ...
Dropbox to cut 500 jobs amid AI push
Cloud-based file sharing provider Dropbox Inc. today announced plans to let go 500 employees, or about 16% of its workforce. Affected employees will receive 16 weeks of severance pay and one more week of pay for every year they worked at the company. Additionally, Dropbox will continue to provide health insurance for six months. The ...
Amazon shutters its Halo consumer device group
Amazon.com Inc. is shutting down its Halo business unit, which had developed a series of fitness and sleep tracking devices for consumers. The company announced the decision in an internal memo that was obtained by The Verge today. In conjunction with the move, Amazon is discontinuing the Halo device series. The company confirmed the latter ...