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AI

Mechanical Orchard raises $24M to help companies ditch their mainframes for the cloud

By Mike Wheatley Feb 7, 2024

Mainframe workload modernization startup Mechanical Orchard Inc. said it’s hoping to gain more enterprise traction today after closing on a $24 million early-stage funding round led by Emergence Capital. The Series A round, which values…

Emerging Tech

Report: Apple is trying to meet the challenge of developing two foldable iPhones

By James Farrell Feb 7, 2024

While much of the buzz around Apple Inc.’s products is currently focused on the new mixed reality Vision Pro headset, according to reports today Apple has been quietly tinkering away with concepts for two…

Big Data

Confluent’s stock jumps more than 21% after it beats forecasts and provides upbeat outlook

By Mike Wheatley Feb 7, 2024

Confluent Inc.‘s stock shot up more than 21% in extended trading after the big-data company reported strong fourth-quarter financial results that blew past Wall Street’s projections and followed up with a bullish forecast for…

Security

Ransomware payments reach record $1.1B in 2023

By Duncan Riley Feb 7, 2024

A new report released today by blockchain analytics firm Chainalysis Inc. finds that ransomware payments hit $1.1 billion in 2023, the highest amount of record and close to double the $567 million in payouts in 2022.…

AI

Advancing data architecture for generative AI

By Ramke Ramakrishnan Feb 7, 2024

Generative artificial intelligence disrupted the enterprise in 2023 and is now a must-have consideration in 2024 plans. With this in mind, technical professionals must strive to enhance and modernize their data management platforms to…

AI

AI hallucinations: The 3% problem no one can fix slows the AI juggernaut

By Paul Gillin Feb 7, 2024

Early this year Dagnachew Birru playfully asked ChatGPT how Mahatma Gandhi used Google LLC’s G Suite to organize resistance against British violence. To his surprise, the generative artificial intelligence bot obliged. Gandhi “created a…

Infra

Arm’s stock gains more than 25% on strong earnings beat and bullish guidance

By Mike Wheatley Feb 7, 2024

Shares of Arm Holdings Plc surged in after-hours trading, gaining more than 40% at one point as the company beat Wall Street’s estimates and offered a robust outlook for the current quarter in its…

Security

Rapid7 shares fall on weak 2024 guidance

By Duncan Riley Feb 7, 2024

Shares in Rapid7 Inc. fell nearly 5% in after-hours trading today after the cybersecurity solutions provider offered weaker-than-expected guidance for 2024. For its fourth quarter ended Dec. 31, Rapid7 reported adjusted earnings per diluted…

AI

Microsoft upgrades Copilot with enhanced image editing features, new AI model

By Maria Deutscher Feb 7, 2024

Microsoft Corp. today launched a new version of its Copilot artificial intelligence chatbot that will make it easier for users to create and edit images. Copilot rolled out exactly a year ago under the…

AI

Apple, UC Santa Barbara researchers detail new MGIE image editing AI

By Maria Deutscher Feb 7, 2024

A group of researchers from Apple Inc. and the University of California at Santa Barbara has detailed MGIE, an artificial intelligence system that allows users to edit images with natural language commands. The researchers…

explore news

Mechanical Orchard raises $24M to help companies ditch their mainframes for the cloud

Report: Apple is trying to meet the challenge of developing two foldable iPhones

Ransomware payments reach record $1.1B in 2023

Advancing data architecture for generative AI

AI hallucinations: The 3% problem no one can fix slows the AI juggernaut

Arm’s stock gains more than 25% on strong earnings beat and bullish guidance

Rapid7 shares fall on weak 2024 guidance

Microsoft upgrades Copilot with enhanced image editing features, new AI model

Apple, UC Santa Barbara researchers detail new MGIE image editing AI

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