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Infra

Samsung’s profit drops by more than 30% on weakening memory chip demand

By Mike Wheatley Oct 26, 2022

Samsung Electronics Co. Ltd. said today that its third-quarter profit fell by more than 31% from a year ago amid geopolitical uncertainty that’s likely to persist and dampen demand for consumer products until at…

Emerging Tech

Ford- and VW-backed self-driving car startup Argo AI shutting down

By Duncan Riley Oct 26, 2022

Argo AI LLC, a self-driving car startup backed by Ford Motor Co. and Volkswagen AG that had raised $3.6 billion in funding, is shutting down, and its parts are being absorbed by both Ford…

Cloud

Despite mixed results, ServiceNow’s stock makes strong after-hours gains

By Mike Wheatley Oct 26, 2022

ServiceNow Inc.’s stock made big gains in after-hours trading today despite the company posting mixed financial results for its third quarter. The workflow automation firm beat expectations on earnings but missed on revenue and…

Apps

Meta’s stock crashes on weaker ad demand and earnings miss

By Mike Wheatley Oct 26, 2022

Facebook parent firm Meta Platforms Inc. took another beating today after posting third-quarter results that missed expectations and offering weak guidance. The results underscore the big challenges faced by ad-reliant technology platforms amid a…

Infra

Seagate to cut 3,000 employees amid economic uncertainty and reduced demand

By Duncan Riley Oct 26, 2022

Seagate Technology Holdings PLC, the world’s largest maker of hard drives, today announced it’s laying off 8% of its workforce, about 3,000 employees, amid economic uncertainty and declining demand for its products. CNBC reported that…

Emerging Tech

A glimpse into supercomputing’s past and future: TheCUBE previews SC22

By Mark Albertson Oct 26, 2022

The field of high-performance computing has grown with the rest of the technology world, progressing from its use as a niche tool for weather prediction and nuclear weapons modeling to providing support for an increasing…

AI

Cashierless store startup Trigo closes $100M funding round

By Maria Deutscher Oct 26, 2022

Startup Trigo Vision Ltd., which develops technology for building cashierless stores, has closed a $100 million funding round led by Temasek and 83North. Enterprise software maker SAP SE and a number of existing investors…

Emerging Tech

Mobileye’s market capitalization jumps to $23B in trading debut

By Maria Deutscher Oct 26, 2022

Shares of Mobileye Global Inc. jumped about 39% in their trading debut today, valuing the vehicle chipmaker at more than $23 billion. Mobileye’s stock began trading on the Nasdaq this morning following an initial…

AI

Madrona releases its IA40 2022 list of intelligent application startups

By Maria Deutscher Oct 26, 2022

Prominent venture capital firm Madrona Venture Group today released the latest edition of its IA40 list, an annually published list of 40 promising intelligent application startups. Madrona released the first edition of the IA40…

Blockchain

Oasis Labs and Equifax partner to build privacy-focused Web3 ‘Know Your Customer’ solution

By Kyt Dotson Oct 26, 2022

Oasis Labs, the privacy-focused blockchain cloud-computing platform, and Equifax Inc. today announced a partnership to build a “Know Your Customer” identity management platform for companies seeking to enter into the Web3 and blockchain industry.…

explore news

Samsung’s profit drops by more than 30% on weakening memory chip demand

Ford- and VW-backed self-driving car startup Argo AI shutting down

Despite mixed results, ServiceNow’s stock makes strong after-hours gains

Meta’s stock crashes on weaker ad demand and earnings miss

Seagate to cut 3,000 employees amid economic uncertainty and reduced demand

A glimpse into supercomputing’s past and future: TheCUBE previews SC22

Cashierless store startup Trigo closes $100M funding round

Mobileye’s market capitalization jumps to $23B in trading debut

Madrona releases its IA40 2022 list of intelligent application startups

Oasis Labs and Equifax partner to build privacy-focused Web3 ‘Know Your Customer’ solution

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