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Infra

Construction of Intel’s new $25B chip fab in Israel grinds to a halt

By Mike Wheatley Jun 11, 2024

Intel Corp. has reportedly paused construction work at its new $25 billion semiconductor manufacturing plant in Kiryat Gat in Israel, according to local media reports. Calcalist and several other news sites reported today that Intel…

Emerging Tech

GM gives troubled Cruise self-driving car unit $850M amid strategic review

By Duncan Riley Jun 11, 2024

General Motors Co. announced today that it’s giving its troubled self-driving car unit, Cruise LLC, $850 million in funding while it works out what to do next in terms of its strategy and funding.…

Security

AWS reaffirms security commitment with new AI-powered features and other measures

By Duncan Riley Jun 11, 2024

Amazon Web Services Inc. today reaffirmed its commitment to security at its annual re:Inforce conference, announcing a series of new artificial intelligence-powered features and enhanced security measures. The new features are said to link…

Cloud

Big cloud AI deals with Google and OpenAI send Oracle’s stock higher, despite earnings miss

By Mike Wheatley Jun 11, 2024

Oracle Corp. posted fiscal fourth-quarter earnings and revenue that came in below analyst’s forecasts, but its stock price soared in extended trading after it announced key deals with Google LLC and OpenAI that will…

Security

Rubrik delivers earnings beat in first post-IPO quarterly results

By Duncan Riley Jun 11, 2024

Shares in Rubrik Inc. rose more than 2% in late trading today after the data security software provider reported earnings and revenue beats in its first quarterly financial report since going public in April.…

AI

AI accessibility in focus: Red Hat’s strategy to democratize artificial intelligence

By Alice Gillin Jun 11, 2024

As artificial intelligence continues to gain prominence, a pressing question emerges: how can AI be made more user-friendly and accessible? Red Hat Inc. is at the forefront of addressing this challenge, striving to enhance…

AI

Contact center automation startup Cognigy closes $100M funding round

By Maria Deutscher Jun 11, 2024

Cognigy GmbH, the developer of an artificial intelligence platform designed to make contact centers more efficient, today announced that it has closed a $100 million funding round. Eurazeo Growth led the Series C investment.…

AI

Dell simplifies on-prem OpenShift operations using Apex Cloud

By Victor Dabrinze Jun 11, 2024

In coping with the barrage of tools companies rely on, simplification has become the contemporary operating ideology. The modern-day focus is making complex technologies more accessible and manageable for enterprises. In that vein, Dell…

Cloud

Unlocking limitless possibilities: Exploring the power of AWS Marketplace as a one-stop software shop

By Brian Njuguna Jun 11, 2024

As Amazon Web Services Inc. continues to offer cost-effective and scalable cloud computing solutions, the AWS Marketplace is being sought after because it consolidates, simplifies and streamlines invoicing and procurement. Through a hand-holding process,…

Security

Neo4j enhances fraud protection through knowledge graph databases

By Devony Hof Jun 11, 2024

Artificial intelligence is a double-sided coin for security, proving a boon to both attackers and protectors, but Neo4j Inc. is continuing to to harness AI when protecting financial service organizations from fraud. The company…

all stories

Construction of Intel’s new $25B chip fab in Israel grinds to a halt

GM gives troubled Cruise self-driving car unit $850M amid strategic review

AWS reaffirms security commitment with new AI-powered features and other measures

Rubrik delivers earnings beat in first post-IPO quarterly results

Contact center automation startup Cognigy closes $100M funding round

Neo4j enhances fraud protection through knowledge graph databases

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