Credit: Thinkstock US-based IT major IBM Tuesday announced acquisition of Prescinto Technologies, a solar energy software-as-a-service analytics and monitoring platform. The Bengaluru-headquartered company counted Venture Catalysts, Pegasus India,… Article Source https://www.vccircle.com/ibmacquires-bengaluru-based-saas-firm
Global software maker IBM has announced the acquisition of Bengaluru-based Prescinto Technologies (Prescinto), a solar monitoring and analytics platform that provides asset performance management (APM) software-as-a-service (SaaS) for… Article Source https://m.economictimes.com/tech/technology/ibm-acquires-bengaluru-saas-firm-prescinto-for-renewables-business/articleshow/114240839.cms
Networking giant Cisco is the latest tech company to slash jobs while pledging to refocus on AI as well as cybersecurity. The company said it would slash its global staff numbers by 7% – more than 6,000 jobs – following a drop in revenue of… Article Source https://www.itpro.com/business/cisco-layoffs-cut-deeper-than-expected-as-firm-ramps-up-ai-focus
After US trade restrictions stopped Nvidia from exporting its advanced AI chips to China, the company responded by developing the H20 GPU, a modified version which complies with the regulations by offering lower performance levels while still… Article Source https://www.techradar.com/pro/tiktoks-parent-firm-could-shun-nvidia-amd-as-reports-claim-it-will-use-100-000-huawei-ai-chips-to-train-its-next-gen-llm
Cisco Exited an Investment in This Cybersecurity Firm MSN Article Source https://www.msn.com/en-us/money/topstocks/cisco-exited-an-investment-in-this-cybersecurity-firm/ar-AA1rTPlj?ocid\u003dfinance-verthp-feeds
Cisco sells stake in cybersecurity firm Rubrik – report Seeking Alpha Article Source https://seekingalpha.com/news/4157047-cisco-sells-stake-in-cybersecurity-firm-rubrik
Cisco Exited an Investment in Cybersecurity Firm Rubrik Barron’s Article Source https://www.barrons.com/articles/cisco-stock-cybersecurity-rubrik-d69f0e44
On July 24, 2024, Generation Investment Management, led by Al Gore (Trades, Portfolio), executed a significant transaction involving the shares of Nutanix Inc (NTNX, Financial). The firm reduced its holdings by 108,260 shares, resulting in a new total of 12,530,227 shares. This move, priced at $48.92 per share, reflects a subtle yet strategic adjustment in … Read more
Oracle has reportedly agreed to lease a data center in Texas to Crusoe, a firm specializing in cryptocurrency mining and artificial intelligence. The move indicates Oracle’s entry into the rapidly growing market for data centers serving these industries. The partnership between Oracle and Crusoe is expected to accelerate the expansion of both companies in the … Read more
VMware‘s end-user computing division is set to be acquired by private equity firm KKR in a $3.8 billion deal, according to a recent Reuters report. If the deal goes through, VMware‘s desktop virtualization and application publishing will be outsourced as part of plans announced by Broadcom in December 2023. The estimated sales for end-user computer … Read more