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Chip design software firm Synopsys delivers record revenue as AI accelerates demand

By Mike Wheatley Aug 21, 2024

Silicon chip design software maker Synopsys Inc. delivered third-quarter earnings and revenue above expectations today and then issued strong guidance, sending its stock higher in after-hours trading. The company, one of the leaders in…

Big Data

Snowflake beats expectations but stock falls on fears of decelerating revenue growth

By Mike Wheatley Aug 21, 2024

Updated: Shares of the cloud data warehouse giant Snowflake Inc. were battered and bruised in extended trading today, even though the company delivered solid second-quarter results and guidance that came in above expectations. The…

Security

McDonald’s Instagram hacked to promote cryptocurrency scam featuring Grimace

By Duncan Riley Aug 21, 2024

The official Instagram account of McDonald’s Corp. was reportedly hacked today to promote a cryptocurrency scam named after the McDonald’s character Grimace. Those behind the hack changed the biography on the McDonald’s Instagram page…

Cloud

Zuora exceeds second-quarter projections, raises fiscal 2025 revenue forecast

By Duncan Riley Aug 21, 2024

Shares in Zuora Inc. surged nearly 6% in late trading today after the cloud subscriptions services company beat earnings and revenue expectations in its fiscal 2025 second quarter and forecast a stronger-than-expected outlook. For…

AI

AI payment processing startup Skyfire launches with $8.5M in funding

By Maria Deutscher Aug 21, 2024

Skyfire Systems Inc., a startup with software that enables artificial intelligence models to make purchases, launched today with $8.5 million in initial funding. The investment included the participation of more than a dozen institutional…

Cloud

Zoom impresses with second-quarter earnings beat and upbeat guidance

By Duncan Riley Aug 21, 2024

Shares in Zoom Video Communications Inc. rose nearly 3% in late trading today after the online communications company impressed with beats in its fiscal 2025 second quarter and upbeat guidance. For the quarter ended…

AI

Nvidia, Microsoft release new small language models

By Maria Deutscher Aug 21, 2024

Nvidia Corp. today released a lightweight language model, Mistral-NeMo-Minitron 8B, that can outperform comparably sized neural networks across a range of tasks. The code for the model is available on Hugging Face under an…

Apps

UK antitrust watchdog closes Google, Apple probes to revise regulatory approach

By Maria Deutscher Aug 21, 2024

The U.K.’s antitrust regulator, the Competition and Markets Authority, has closed two parallel probes into Google LLC and Apple Inc. that focused on their business practices in the mobile market. Officials announced the decision…

AI

RingCentral debuts new AI capabilities for its RingCX contact center solution

By Zeus Kerravala Aug 21, 2024

The communications artificial intelligence wars continue unabated as every unified communications-as-a-service and contact center-as-a-service vendor loads its products with new capabilities to one-up the competition. Today RingCentral Inc. added several new capabilities to RingCX, its…

Cloud

Persistent Systems and Google Cloud form strategic alliance to drive innovation in AI and cybersecurity

By Victor Dabrinze Aug 21, 2024

Partnerships are the backbone of today’s value-focused landscape, with strategic alliances combining best-of-breed technologies to unlock new value delivery areas. Persistent Systems and Google Cloud have embraced this ethos wholeheartedly. Their partnership highlights the shift…

all stories

Chip design software firm Synopsys delivers record revenue as AI accelerates demand

McDonald’s Instagram hacked to promote cryptocurrency scam featuring Grimace

AI payment processing startup Skyfire launches with $8.5M in funding

Zoom impresses with second-quarter earnings beat and upbeat guidance

Nvidia, Microsoft release new small language models

UK antitrust watchdog closes Google, Apple probes to revise regulatory approach

RingCentral debuts new AI capabilities for its RingCX contact center solution

Persistent Systems and Google Cloud form strategic alliance to drive innovation in AI and cybersecurity

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