Paul Gillin
Latest from Paul Gillin
IBM to host Meta’s Llama 2 for enterprise AI development
IBM Corp. today said it will host Meta Platforms Inc.’s Llama 2, a 70-billion-parameter large language model, in the watsonx.ai studio enterprise artificial intelligence development platform it announced in May. Early access is now available to select clients. Watsonx.ai, can be used to train generative AI models and other types of neural networks without having to build ...
Oracle packages its cloud applications and middleware for on-premises consumption
Oracle Corp. today introduced the latest member of its line of premises-based cloud infrastructure with the announcement of Compute Cloud@Customer, a rack-scale offering that’s compatible with Oracle Cloud Infrastructure compute services. Oracle said information technology organizations can use the bundled offering to develop, deploy, secure and manage applications and middleware in their data centers using ...
Informatica CEO Amit Walia says multiyear turnaround is nearly complete
In growth-obsessed high-technology markets, a 1% increase in year-over-year revenues is usually not thought of as something to cheer about, but Informatica Inc. CEO Amit Walia says he couldn’t be happier with the results the company announced last week. That’s because the 1.1% revenue increase occurred in the context of a multiyear turnaround effort that ...
Syxsense adds generative AI to its endpoint management suite
Syxsense Inc., the developer of a unified security and endpoint management suite, or USEM for short, is adding generative artificial intelligence capabilities to its product with an announcement today. Cortex Copilot enables information technology and security administrators to simplify and speed up the process of creating endpoint management and security workflows by allowing them to ...
Kyndryl wows investors with strong earnings beat
Shares of Kyndryl Holdings Inc. jumped more than 14% in initial after-hours trading today as the information technology infrastructure services provider reported fiscal first-quarter revenues and earnings that soundly beat Wall Street estimates. Revenue declined 2% from a year ago — 1% in constant currency — to $4.2 billion but beat analyst expectations of $4.09 ...
Salesforce introduces design studio for AI model development
Salesforce Inc. today announced a set of integrated tools that data scientists and engineers can use to build secure artificial intelligence applications using their own company data in the Salesforce Data Cloud. Einstein Studio uses a “bring your own model” approach that works with Amazon Web Services Inc.’s SageMaker, Google LLC’s Vertex and other popular ...
Apple revenue falls and it expects decline to continue in the current quarter
Apple Inc. beat modest Wall Street expectations for sales and profits in its fiscal third quarter, with strong iPhone sales in China helping compensate for a global decline in the smartphone market, but its third consecutive quarter of declining revenues was the longest losing streak the company has had since 2016. Revenue fell 1.4%, to ...
Hailo expands its AI processor line at the high and low ends
Hailo Technologies Ltd., a startup that makes processors optimized for artificial intelligence, today announced it has expanded its Hailo-8 AI accelerator product line to include a Peripheral Component Interconnect Express card for high-end deployments and a low-end offering called Hailo-8L for entry-level uses. The Tel Aviv-backed firm, which has raised nearly $224 million in funding, ...
Informatica beats the Street and touts AI’s potential upside to its business
Shares of Informatica Inc. climbed more than 4% in after-hours trading today as a maker of integration software reported revenues and earnings that soundly beat expectations. Revenues rose 1.1% over the same quarter a year ago, to $376 million, which was well above the $360.6 million analysts had expected. Subscription annual recurring revenue, which is ...
Neon lands $46M for its serverless Postgres database management system
Neon Inc. a two-year-old startup that’s building a serverless version of the open-source Postgres database management system, said today that it has raised $46 million in Series B funding, bringing its total fundraising to $104 million. Postgres, which is also known as PostgreSQL, grew out of the commercial Ingres DBMS developed in the 1980s and ...