Hewlett Packard Enterprise Co. has announced a $1.4 billion deal to acquire supercomputer maker Cray Inc. in an effort to enhance its position in high-end computing. The agreement will see Cray investors receiving $35 per share in cash, representing a 17% premium over the previous closing price. This acquisition marks HP Enterprise’s largest deal since … Read more
Fortune and Indiggo have once again collaborated to release the ROL100 ranking, which highlights the ReturnOnLeadership of the top 100 Fortune 500 companies. ROL® is a metric that assesses key fundamentals crucial for reducing risk and increasing success, and Indiggo uses an AI platform to calculate this ranking with publicly available information. In the latest … Read more
Amazon has faced criticism for remaining silent on the kidnapping of one of its employees, Sasha Troufanov, in the Gaza Strip. Troufanov, who works for Amazon’s Annapurna Labs division developing artificial intelligence chips, was kidnapped on October 7. Despite internal emails from Amazon Israel addressing the issue, the company has not publicly commented or called … Read more
In a recent event at Microsoft’s new campus on May 20, the tech giant unveiled a new line of Windows personal computers (PCs) designed for artificial intelligence (AI) known as Copilot+ PC. This product offering includes Microsoft Surface and manufacturing partners Acer, ASUS, Dell Technologies, Horsepower, Lenovo, and Samsung, with prices starting at $999 and … Read more
Amazon’s cloud computing division, AWS, experienced a surge in sales growth fueled by demand for artificial intelligence tools. CEO Andy Jassy announced that AWS is now operating at an annual revenue rate of $100 billion. Sales for the division rose 17 percent year over year to $25 billion in the first three months of 2024, … Read more
Alphabet, Google’s parent company, is said to be in the process of trying to buy marketing software company HubSpot for a reported $30 billion. If successful, this acquisition would be the largest ever made by Google. The move is seen as a way for Alphabet to better compete with Microsoft in the cloud applications market. … Read more
After acquiring VMware, Broadcom announced plans to target larger enterprises with price increases and service packages, but this strategy may have backfired. Computershare, a company heavily involved in VMware‘s virtualization technology, is now abandoning VMware‘s hypervisor in favor of Nutanix products due to unacceptable price increases. Computershare’s IT department had been using both Nutanix AHV … Read more
Alphabet, a major investment company overseeing more than $2.5 billion in assets, made significant changes to its portfolio in the March quarter. They reduced their stake in cybersecurity specialist CrowdStrike Holdings by a third and halved their position in medical device company DexCom. Additionally, Alphabet nearly quadrupled its stake in DevSecOps software developer GitLab, making … Read more
A global FinTech company is seeking a Technical Architect with experience in designing cloud-native SaaS solutions on Azure. The chosen candidate will work on a flagship SaaS insurance platform, collaborating with lead architects and software engineering teams to deliver CloudNative solutions that align with architectural standards. Responsibilities include analyzing and presenting high-performing solutions, converting high-level … Read more
Nvidia CEO Jensen Huang believes that there is a growing demand for generative AI training. According to Huang, the need for this technology is increasing at a rapid pace. Article Source https://www.axios.com/2024/05/22/nvidia-earnings-report-q1-fy25