HP Enterprise (HPE) is positioning itself as an underrated player in the artificial intelligence (AI) market. The company recently announced a new partnership with leading graphics processing unit (GPU) manufacturer Nvidia, which could potentially boost its presence in the rapidly expanding AI industry. HPE has been focusing on leveraging AI technology to enhance its core … Read more
The upcoming VB Transform 2024 event is set to take place from July 9-11 in San Francisco, where over 400 business leaders will convene to discuss the latest developments in GenAI strategies. Cisco Investments recently launched a $1 billion AI investment fund to support startups like Adhere, Mistral AI, and Scaling AI, emphasizing collaboration and … Read more
The U.S. Department of Veterans Affairs is facing challenges with Oracle software, which is supposed to help improve patient care. According to Bloomberg News, an internal survey revealed that fewer than 1 in 5 VA healthcare staff believe that Oracle’s product enables them to provide “high-quality care.” The VA, Oracle’s largest public customer in the … Read more
Amazon Web Services (AWS), the computing division of tech giant Amazon, is seeking to invest billions of euros in expanding its data center business in Italy to enhance its cloud offerings in Europe. This move underscores AWS’s efforts to strengthen its presence in various regions around the world, including Singapore. In Singapore, AWS announced plans … Read more
Cisco Systems, a telecommunications company, recently unveiled a $1 billion global investment fund to focus on developing AI-powered solutions for networking, security, and observability. This investment will target companies Cohere, Mistral AI, and Scale AI to enhance customer readiness, IT infrastructure, foundational models, model development, and AI training. Cisco’s chief strategy officer, Mark Patterson, highlighted … Read more
Cisco Investments, the global corporate venture investment arm of Cisco, has launched a $1 billion AI investment fund to support the development of innovative AI solutions. The fund aims to strengthen the startup ecosystem and improve customer readiness for AI. Cisco has already committed nearly $200 million to investments in companies such as Cohere, Mistral … Read more
:max_bytes(150000):strip_icc()/AMZNChart-4eefd7f4800d4e06b49f6fce1185461b.GIF?w=1500&resize=1500,570&ssl=1 "Focus on Amazon Stock Rises as News Surfaces of Potential Major Cloud Investment in Italy")
Amazon’s stock is making headlines as Reuters reports that the company’s cloud computing arm, AWS, is in discussions with Italy to invest billions of euros in bolstering its data center business in the country. This news comes as AWS has recently announced plans to invest billions in cloud infrastructure in Spain and Germany as part … Read more
Cisco Investments, the corporate venture investment arm of Cisco, has announced the launch of a $1 billion AI investment fund to support the startup ecosystem and enhance the development of secure AI solutions. The fund has already allocated nearly $200 million to companies like Cohere, Mistral AI, and Scale AI, with a focus on improving … Read more
Hewlett-Packard Enterprise Co (NYSE:HPE) is seeing record levels after reporting better-than-expected second quarter fiscal results and positive third quarter fiscal and annual forecasts. The demand for AI-optimized servers played a significant role in these results, leading to at least 10 analysts increasing their price targets for the stock. The stock has surged by 11.9% to … Read more
Billionaire investor Steven A. Cohen, owner of the New York Mets, is known for his high-risk, high-reward investment approach. With a personal wealth of $19.8 billion, he founded SAC Capital Advisors, which was forced to repay investors $1.8 billion in fines due to insider trading accusations. In 2013, Cohen converted his operations into a family … Read more