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Policy

Senate passes controversial bills designed to protect children online

By James Farrell Jul 30, 2024

The Senate today unanimousl passed two children’s online safety bills in a rare show of bipartisan support. One of the bills, the Kids Online Safety Act, or KOSA, was introduced in 2022 following mounting…

Infra

Arista seizes the AI networking opportunity with strong earnings beat and revenue growth

By Mike Wheatley Jul 30, 2024

Shares of Arista Networks Inc. traded higher in late trading today after the networking company forecast strong third-quarter revenue that surpassed Wall Street’s expectations. Arista said it’s anticipating strong demand for its networking gear from…

Infra

AMD steps up to rival Nvidia in AI chip sector, as huge revenue gains send its stock higher

By Mike Wheatley Jul 30, 2024

Advanced Micro Devices Inc. reported solid earnings and sales today and provided an upbeat revenue forecast for the coming quarter, pushing its stock higher in late trading. The results suggest AMD is finally emerging…

Policy

Meta agrees to pay $1.4B to settle Texas illegal biometric data gathering lawsuit

By Duncan Riley Jul 30, 2024

Meta Platforms Inc. has agreed to pay $1.4 billion to settle a lawsuit filed by Texas that accused the company behind Facebook of illegally collecting biometric data on users without their consent, breaching Texas…

Cloud

Strong Microsoft results dampened by slight miss on cloud sales

By Paul Gillin Jul 30, 2024

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…

Cloud

Freshworks shares up 5% as customer service and support firm beats on earnings

By Duncan Riley Jul 30, 2024

Shares in Freshworks Inc. rose more than 5% in late trading today after the customer service and support software firm impressed investors with revenue and earnings beats in its fiscal second quarter. For the quarter…

Cloud

Informatica shares fall slightly on mixed second-quarter earnings

By Duncan Riley Jul 30, 2024

Shares in Informatica Inc. were down slightly in late trading today after the data integration firm reported second-quarter earnings results. For the quarter that ended June 30, Informatica reported adjusted earnings per share of 23 cents,…

Cloud

Commvault tops first-quarter expectations amid subscription growth

By Maria Deutscher Jul 30, 2024

Shares of Commvault Systems Inc. closed nearly 23% higher today after it reported quarterly results that topped the consensus estimate across the board. The company also shared an upgraded revenue forecast for its current…

AI

AI search startup Perplexity launches revenue sharing program for publishers

By Maria Deutscher Jul 30, 2024

Perplexity AI Inc., a well-funded startup with an artificial intelligence search engine, today launched a revenue sharing program for publishers. The company’s search engine incorporates information from news articles into the prompt responses it…

AI

How Walmart’s cloud platform fosters speedy AI development

By Devony Hof Jul 30, 2024

Walmart Inc.’s marketing strategy has focused on affordable prices and seamless customer service, and that now extends to its machine learning platform, Element. The centralized, cloud-native service allows Walmart to harness the power of…

all stories

Arista seizes the AI networking opportunity with strong earnings beat and revenue growth

AMD steps up to rival Nvidia in AI chip sector, as huge revenue gains send its stock higher

Meta agrees to pay $1.4B to settle Texas illegal biometric data gathering lawsuit

Strong Microsoft results dampened by slight miss on cloud sales

Freshworks shares up 5% as customer service and support firm beats on earnings

Informatica shares fall slightly on mixed second-quarter earnings

Commvault tops first-quarter expectations amid subscription growth

AI search startup Perplexity launches revenue sharing program for publishers

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