Shares in Freshworks Inc. rose more than 6% in late trading today after the customer service and support software firm impressed investors with revenue and earnings beats in its fiscal 2024 fourth quarter. For the quarter that ended on Dec. 31, Freshworks reported adjusted earnings per share of 14 cents, up from eight cents per ...

Shares of Lyft Inc. dropped over 10% in late trading today after the ride-hailing company fell short of earnings in its fiscal 2024 fourth quarter and disappointed investors with a lower-than-expected outlook. For the quarter that ended on Dec. 31, Lyft reported adjusted earnings per share of 15 cents, up from a loss of 74 ...

Google LLC today celebrated a major milestone, announcing that its Enhanced Protection mode in Chrome now safeguards more than 1 billion users against phishing and online scams. Launched in 2020, Chrome’s Enhanced Protection mode uses artificial intelligence and machine learning to detect and block online threats in real-time. Differing from Google’s Safe Browsing mode, which ...

Cybersecurity operations startup Andesite AI Inc. today announced that it has raised $23 million in new funding. The company als announced the general availability of its bionic Security Operations Center, a human-artificial intelligence collaboration product that empowers cyber defense teams. Founded in 2023, Andesite seeks to address the issue wherein, despite cybersecurity spending ballooning, security ...

Zilliz Inc., the company behind the open-source Milvus vector database, today announced the release of an updated version of the Zilliz Cloud Bring Your Own Cloud offering that includes a series of advancements to its vector data offering. The update release allows enterprises to run artificial intelligence workloads where their data resides while maintaining full ...

Electric vertical takeoff and landing aircraft company Archer Aviation Inc. announced today that it has raised $300 million in new funding via an equity capital raise. The $300 million in funding, raised through a securities purchase agreement, came from Blackrock Inc. and other leading institutional investors. The funding will be used to strengthen Archer’s financial ...

Application security firm F5 Inc. today laid out a new framework for the evolution of application delivery controllers aimed at addressing the increasing complexity of hybrid, multicloud and artificial intelligence-powered information technology environments. The new ADC framework, known as ADC 3.0, introduces reference architectures and strategic partnerships designed to help enterprises securely deploy and manage ...

Riding-hailing company Lyft Inc. is reportedly set to launch a fleet of robotaxis powered by Mobileye Global Inc. by 2026 as the company seeks to compete with similar emerging services from the likes of Uber Technologies Inc. and Tesla Inc. Reports that Lyft was working towards introducing robotaxis into its mix of offerings first emerged ...

OpenAI is reportedly getting closer to producing its own in-house artificial intelligence chip as it seeks to gain leverage over existing manufacturers and continues to expand its data centers. According to sources referenced by Reuters, the company is in the final months of finalizing the design for the in-house chip, with plans for the chip ...

Automated network assurance startup IP Fabric Inc. today announced the release of IP Fabric Version 7.0, a new version of the company’s platform that’s designed to simplify compliance with regulations and security frameworks and strengthen operational resiliency across multicloud environments for critical digital services. The new release seeks to address the issue wherein global enterprises that require ...