Paul Gillin
Latest from Paul Gillin
Strong Microsoft results dampened by slight miss on cloud sales
Microsoft Corp. shares fell 3% in after-hours trading as cloud computing revenue slightly undershot analysts’ estimates. Consistent with Alphabet Inc.’s announcement last week that it was sharply increasing its investments in cloud infrastructure to support artificial intelligence, Microsoft said it spent $13.9 billion to build out data centers and computing infrastructure for AI processing, up ...
Nvidia expands microservices library and support for 3D and robotic model creation
Nvidia Corp. announced today at the Siggraph conference in Denver that it’s significantly expanding its library of Nvidia Inference Microservices to encompass physical environments, advanced visual modeling and a wide variety of vertical applications. Among the highlights are the availability of Hugging Face Inc.’s inference-as-a-service on the Nvidia cloud and expanded support for three-dimensional training ...
CASE STUDY
A close look at JPMorgan’s aggressive cloud migration
With more than 300,000 employees and operations in more than 100 countries, JPMorgan Chase & Co. is a vast and complex organization. But that hasn’t stopped the world’s largest bank from implementing an ambitious strategy to move most of its operations to the cloud. JPMorgan Chase isn’t inclined to shy away from big technology investments. ...
Alphabet beats the Street but slowing ad growth drags on stock price
Google LLC reported a slowdown in advertising sales growth in the second quarter, triggering an after-hours selloff of its shares of about 1.5%. Parent Alphabet Inc. said Google generated $64.6 billion in ad sales in the quarter, up 11.1% from $58.14 billion in the same period last year. That was slightly ahead of analysts’ expectations ...
SAP posts solid results and raises profit target for 2025
SAP SE posted second-quarter revenue and operating profit that beat analyst expectations and raised 2025 operating profit projections, sending the enterprise software maker’s stock up more than 4% after hours. Revenue rose to $9.02 billion from $8.22 billion in last year’s second quarter and beat analysts’ consensus forecast of $8.98 billion. Cloud and software revenue ...
Gartner revises server spending forecast sharply upward as generative AI effect kicks in
Gartner Inc.’s latest worldwide information technology spending forecast predicts a 24.1% jump in spending on data center systems, more than double the 10% growth expected just three months ago and six times the actual growth of 4% last year — thanks to generative artificial intelligence. That’s according to John-David Lovelock (pictured), a distinguished vice president ...
Red Hat enhances OpenShift with better support for diverse workloads
Red Hat Inc. today introduced enhanced and new features for its OpenShift version of the Kubernetes orchestrator for software containers, with a particular focus on handling diverse workloads. Red Hat OpenShift 4.16 is intended to provide consistent management of disparate workloads ranging from transaction-intensive uses to artificial intelligence model training and inferencing. The new version ...
C3 debuts generative AI platform for government agencies
C3 AI Inc., a developer of artificial intelligence models customized to different industries and use cases, today announced C3 Generative AI for Government Programs, a generative AI application aimed at helping federal, state and local governments deliver information about government programs via a chat interface. The company cited overburdened and underfunded government call centers that can create ...
Oracle offers shared Exadata-as-a-service at dramatically lower cost than for full instances
In a bid to attract more small business and department-level customers to its high-end Exadata Cloud service, Oracle Corp. today launched what it calls an “intelligent data architecture” that delivers high-speed query performance across multiple cloud instances at a cost significantly lower than that of its flagship Exadata service. Exadata Cloud is a high-powered database ...
CASE STUDY
Where does eBay do most of its AI development? You might be surprised
For a company doing business in the cloud before the concept of cloud computing existed, eBay Inc. has taken a decidedly non-cloud-centric approach to artificial intelligence training and deployment. Though the company bursts out to use public cloud resources during seasonal peaks, the bulk of its AI work happens in its own data centers. That ...