Deal

HCLTech to take over HPE’s Communications Technology Group in strategic transition deal

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HCLTech to take over HPE’s Communications Technology Group in strategic transition deal

HCL Technologies has announced a $225 million deal to acquire assets from Hewlett Packard Enterprise’s Communications Technology Group (CTG). This strategic move aims to enhance HCLTech’s telecom services by integrating top engineering talent and advanced intellectual properties from CTG. The acquisition is expected to strengthen HCLTech’s position in the telecom industry, especially with global communications … Read more

Google’s Cloud Deal: Your Daily Brief

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Google’s Cloud Deal: Your Daily Brief

Good morning to all Quartz readers! The Daily Brief will not be issued next Monday and Tuesday, but we will be back on Wednesday, May 29. In recent news, Live Nation and Ticketmaster are facing an antitrust lawsuit in the U.S. The Department of Justice has been investigating allegations of ticket-selling monopolies since the Taylor … Read more

NinjaTech AI Deal Bolsters AWS Client Base at Amazon (AMZN)

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NinjaTech AI Deal Bolsters AWS Client Base at Amazon (AMZN)

Amazon’s cloud computing arm, Amazon Web Services (AWS), continues to drive the company’s revenue growth. The recent partnership between NinjaTech AI and AWS resulted in the launch of a next-generation AI agent called Ninja, trained using AWS Trainium and Inferentia2 machine learning chips. NinjaTech AI is also utilizing Amazon SageMaker to make AI training more … Read more

limited-time Amazon Memorial Day deal slashes the price of Intel Core i9-12900KS

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limited-time Amazon Memorial Day deal slashes the price of Intel Core i9-12900KS

PC Guide assures readers that their recommendations are backed by consumer research, testing, and market analysis. They provide information on how they test products, software, and services. Amazon is currently offering a Memorial Day sale with various deals, including a discounted price on the Intel Core i9-12900KS CPU. This processor, released over two years ago, … Read more

Exclusive: Microsoft’s deal in the UAE could result in the transfer of important US chips and AI technology overseas

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Exclusive: Microsoft’s deal in the UAE could result in the transfer of important US chips and AI technology overseas

Microsoft Chairman Brad Smith revealed that the technology giant’s deal with UAE-backed AI firm G42 may involve the transfer of advanced chips and tools, a move that has raised concerns about national security. Smith mentioned that the potential second phase of the deal could include exporting crucial components of AI technology, such as weights of … Read more

Broadcom and VST ECS Ink Regional Distribution Deal for VMware Solutions – Back End News

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Broadcom and VST ECS Ink Regional Distribution Deal for VMware Solutions – Back End News

VST ECS, a leading ICT distributor in the Philippines, has signed a regional distribution agreement with Broadcom for VMware solutions for ASEAN and China. The partnership aims to promote VMware‘s private cloud infrastructure and transition customers to a subscription licensing model. VST ECS will offer technical support, training programs, and certified resources to ensure high-quality … Read more

Analysts revise Qualcomm stock price target following Microsoft deal

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Analysts revise Qualcomm stock price target following Microsoft deal

Qualcomm, a US telecoms chip supplier, paid approximately $1 billion in 2015 to settle a 14-month-long government probe into anti-competitive conduct in China. This settlement marked the end of a difficult period for the company, as it faced scrutiny for its business practices in the Chinese market. Looking ahead, there are several potential scenarios that … Read more

IBM increases accessibility to AI models by open sourcing more of them and secures a business deal with Saudi Arabia.

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IBM increases accessibility to AI models by open sourcing more of them and secures a business deal with Saudi Arabia.

IBM announced that it will be releasing a set of AI models as open source software and will assist Saudi Arabia in training an AI system in Arabic. This move marks IBM’s unique approach to monetizing AI in comparison to its competitors like Microsoft. The company, headquartered in Armonk, New York, is focused on making … Read more

Perhaps a Deal: Leaky HPE SGI Cheyenne Supercomputer Available for Purchase

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Perhaps a Deal: Leaky HPE SGI Cheyenne Supercomputer Available for Purchase

The Cheyenne Super Computer, previously owned by HPE SGI, is currently up for auction on GSA Auctions with a current bid of $51,000. This supercomputer is powered by a 14nm Intel Xeon E5-2697 V4 system, featuring a total of 8064 CPUs and 313,344 GB of memory. The components, including CPUs and DDR4 DIMMs, hold significant … Read more

Rimini Street rescues VMware clients with innovative deal

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Rimini Street rescues VMware clients with innovative deal

involved aggressively integrating its newly acquired assets, including VMware, in an effort to increase profitability and market share. However, this approach ultimately led to a significant disruption in operations at VMware, prompting Rimini Street to step in and offer their services as a valuable alternative for customers seeking support. Rimini Street, a leading provider of … Read more