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Cloud

Alphabet’s stock falls as advertising revenue falls short of Wall Street’s targets

By Mike Wheatley Jan 30, 2024

Shares of Alphabet Inc. fell more than 5% in after-hours trading today after it reported a solid fourth-quarter earnings beat but missed expectations on advertising revenue. The company reported its fastest quarter in terms…

Apps

PayPal and Block latest two tech companies to announce layoffs

By Duncan Riley Jan 30, 2024

PayPal Holdings Inc. and Block Inc. are the two latest tech companies to announce layoffs, saying today that they’re cutting their workforces by 9% and 10%, respectively. First up was PayPal, with Bloomberg reporting…

AI

Codeium reels in $65M for its AI-powered coding platform

By Maria Deutscher Jan 30, 2024

Codeium Inc., a startup with a developer productivity platform powered by large language models, today announced that it has secured a $65 million Series B funding round. Kleiner Perkins led the investment with participation…

Cloud

What to expect during MWC Barcelona: Join theCUBE February 26-29

By Mark Albertson Jan 30, 2024

As the telecommunications industry gathers in Barcelona for MWC 2024 at the end of February, a key topic of discussion will be the transformation of the telecom sector’s reliable, time-tested infrastructure. This renovation isn’t just a…

Cloud

Commvault shares jump on expectation-topping quarterly results

By Maria Deutscher Jan 30, 2024

Shares of Commvault Systems Inc. jumped more than 7% today after the company reported better-than-expected revenue and earnings for its fiscal third quarter. Tinton Falls, New Jersey-based Commvault sells a popular suite of data…

AI

Korean AI chip startup Rebellions raises $124M at $650M+ valuation

By Maria Deutscher Jan 30, 2024

Rebellions Inc., a Seoul-based developer of artificial intelligence chips, has raised $124 million in funding to support its engineering efforts. The startup announced the investment on Monday. The raise was led by KT, South…

AI

Kore.ai rakes in $150M to build generative AI tools for global brands

By Kyt Dotson Jan 30, 2024

Enterprise generative artificial intelligence platform developer Kore.ai Inc. today announced it has secured $150 million in strategic growth investment funding led by FTV Capital to accelerate market expansion for its chatbot builder technology. Kore.ai targets enterprise…

Blockchain

Portal raises $34M for secure decentralized bitcoin exchange

By Kyt Dotson Jan 30, 2024

Portal, a financial technology startup building a bitcoin-based cross-chain decentralized exchange and wallet, today launched with $34 million from a seed funding round to build out its cryptocurrency products and services. According to the…

Cloud

SAP announces new migration program to help ERP customers embrace the cloud

By Mike Wheatley Jan 30, 2024

Information technology software giant SAP SE said today it’s launching a new RISE with SAP Migration and Modernization program to help companies move their enterprise resource planning environments to the cloud, where they can benefit…

Security

Quantinuum and Keyfactor partner to strengthen root of trust with quantum entropy

By Duncan Riley Jan 30, 2024

Quantum computing company Quantinuum Ltd. and machine and internet of things identity platform provider Keyfactor Inc. announced a new partnership today to strengthen the root of trust with quantum entropy. The root of trust is a set…

explore news

Alphabet’s stock falls as advertising revenue falls short of Wall Street’s targets

PayPal and Block latest two tech companies to announce layoffs

Codeium reels in $65M for its AI-powered coding platform

What to expect during MWC Barcelona: Join theCUBE February 26-29

Commvault shares jump on expectation-topping quarterly results

Korean AI chip startup Rebellions raises $124M at $650M+ valuation

Kore.ai rakes in $150M to build generative AI tools for global brands

Portal raises $34M for secure decentralized bitcoin exchange

Quantinuum and Keyfactor partner to strengthen root of trust with quantum entropy

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