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Cloud

VMware strategically realigns in the cloud and virtualization landscape

By Sead Fadilpasic Aug 30, 2024

The cloud and virtualization landscape is undergoing a transformation, with a growing focus on the adoption of private VMware Cloud infrastructures to meet evolving business needs. The conversations at the recent VMware Explore event…

AI

US AI Safety Institute will have access to OpenAI and Anthropic for a safer future

By James Farrell Aug 29, 2024

OpenAI and Anthropic PBC today announced they have agreed to share AI models before and after release with the U.S. government’s AI Safety Institute. The institute, housed at the U.S. Department of Commerce’s National…

Infra

Strong AI chip demand and improved guidance boost Marvell’s stock after-hours

By Mike Wheatley Aug 29, 2024

After a string of less-than-impressive earnings results that weighed heavily on its stock, Marvell Technology Inc. headed in the opposite direction today. The company delivered earnings in line with expectations and revenue that beat Wall…

Big Data

Strong beat and raise helps MongoDB’s stock surge more than 13% after-hours

By Mike Wheatley Aug 29, 2024

Shares of the database company MongoDB Inc. made strong gains in the after-hours trading session today following a crushing second-quarter earnings beat and a raise in its full-year guidance. The company reported earnings before…

Infra

Dell’s stock rises on crushing earnings beat driven by AI server sales

By Mike Wheatley Aug 29, 2024

Booming sales of servers for artificial intelligence workloads helped Dell Technologies Inc. to deliver a crushing earnings and revenue beat in its latest financial quarter, sending its stock higher in extended trading. The company…

AI

Meta reports rapid growth in popularity for its Llama AI models, with nearly 350M downloads

By Duncan Riley Aug 29, 2024

Meta Platforms Inc. today revealed that its Llama generative artificial models are rapidly growing in popularity, with downloads of the models increasing by 10 times from the same time last year and are quickly…

Apps

Autodesk outperforms projections with strong earnings and revenue growth

By Duncan Riley Aug 29, 2024

Shares in Autodesk Inc. were up over 4% in late trading today after the computer-aided software design company reported earnings and revenue beats. For its fiscal second quarter ended July 31, Autodesk reported adjusted…

AI

Report: Nvidia, Apple could join OpenAI’s multibillion-dollar funding round

By Maria Deutscher Aug 29, 2024

Two more tech giants may join the new funding round that OpenAI is rumored to be raising. Citing sources familiar with the matter, Bloomberg reported today that Nvidia Corp. and Apple Inc. may participate…

Cloud

Elastic shares plunge 25% on lower revenue projections amid slower customer commitments

By Duncan Riley Aug 29, 2024

Shares in Elastic N.V. plunged nearly 25% in late trading today after the enterprise search software company warned of slower growth and fell short on outlook alongside an otherwise solid quarterly earnings report. For its…

AI

AI coding assistant startup Magic closes $320M round as rival Codeium nabs $150M

By Maria Deutscher Aug 29, 2024

Magic AI Inc. and Codeium, two startups using artificial intelligence to make developers more productive, have both closed nine-figure funding rounds to support their growth efforts. Magic disclosed today that it recently raised $320…

the latest

VMware strategically realigns in the cloud and virtualization landscape

US AI Safety Institute will have access to OpenAI and Anthropic for a safer future

Strong AI chip demand and improved guidance boost Marvell’s stock after-hours

Dell’s stock rises on crushing earnings beat driven by AI server sales

Meta reports rapid growth in popularity for its Llama AI models, with nearly 350M downloads

Autodesk outperforms projections with strong earnings and revenue growth

Report: Nvidia, Apple could join OpenAI’s multibillion-dollar funding round

Elastic shares plunge 25% on lower revenue projections amid slower customer commitments

AI coding assistant startup Magic closes $320M round as rival Codeium nabs $150M

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