Automation services provider UiPath Inc. today filed paperwork to offer its shares to the public for the first time, revealing stronger revenue growth and even stronger cash flow than expected. The company, which offers so-called robotic process automation automation or RPA services, didn’t say how much it plans to raise beyond a placeholder amount of ...

New Intel Corp. Chief Executive Pat Gelsinger today outlined ambitious plans he hopes will make the veteran chipmaker more competitive with rivals after losing ground for years.  Gelsinger (pictured), who joined Intel officially last month, said in a talk late today entitled “Intel Unleashed: Engineering the Future” that the company will spend $20 billion to ...

You might not see it in Amazon.com Inc.’s stock price today, down 2%, but the surprise appointment of Andy Jassy to replace founder Jeff Bezos as the tech giant’s new chief executive is getting positive reviews among investors and analysts across the globe. Jassy, currently CEO of Amazon Web Services Inc., the company’s now massive ...

COVID-19 keeps giving a perverse boost to technology’s giants as Amazon.com Inc. and Google LLC parent Alphabet Inc. today reported better-than-forecast fourth-quarter earnings thanks to strength in cloud computing and more.  The companies had a lot to live up to. Today the Dow Jones Industrial Average jumped about 476 points, or nearly 1.6%, in anticipation ...

After years of running one of Amazon.com Inc.’s highest-profile and fastest-growing operations, Amazon Web Services Inc. Chief Executive Andy Jassy was appointed today to become CEO of Amazon overall later this year. Jassy will succeed founder and CEO Jeff Bezos, who will become executive chair in the third quarter. Bezos said in an email to ...

Thanks to a continuing rebound in online advertising, Facebook Inc. today reported better-than-expected fourth-quarter profit and revenue growth, but it warned that various challenges could hurt results in coming quarter. The social networking giant, which also operates Instagram and WhatsApp, reported its fourth-quarter profit jumped 53%, to $11.22 billion, or $3.88 a share, on a ...

Facing rising investor pressure to speed up its lagging chipmaking prowess, Intel Corp. today parted ways with Chief Executive Robert Swan and appointed VMware CEO Pat Gelsinger to the top spot. The appointment is surprising mainly in the fact that it took this long for Intel to appoint its former chief technology officer to the ...

The Central Intelligence Agency has awarded a long-awaited multibillion-dollar contract, called Commercial Cloud Enterprise or C2E, to the five major U.S. public cloud providers: Amazon Web Services Inc., Microsoft Corp., Google LLC, Oracle Corp. and IBM Corp. The CIA didn’t disclose the value of the contract, but Nextgov, which broke the news late today, said ...

The big three internet giants today revealed improved earnings despite and in some cases thanks to the COVID-19 pandemic, as advertising and cloud computing growth buoyed third-quarter results. As online ads saw a rebound, Google LLC owner Alphabet Inc. reported a profit of $11.2 billion, or $16.40 a share, up 59% from a year ago. ...

SoftBank Group Corp. is in exclusive talks with Nvidia Corp. to sell chip designer Arm Holdings Ltd. to the graphics chipmaker for more than $40 billion, according to a report this morning in the Wall Street Journal. Citing people familiar with the talks, the Journal said the cash-and-stock deal could be sealed in the low ...