A lawsuit has been filed against Cisco Systems and its fiduciaries for allegedly violating ERISA regulations by not including a series of BlackRock’s target date funds as the plan’s Qualified Default Investment Alternative (QDIA). The lawsuit claims that this decision harmed participants in the plan. Cisco Systems and its fiduciaries are facing legal action for … Read more
Microsoft introduced the Flexible Consumption Plan for Azure Functions at the annual Build conference. This new hosting plan utilizes a serverless consumption-based billing model, offering users enhanced flexibility and customization options without compromising on existing features. Users can create serverless functions with this plan to achieve higher performance, reliability, security, and scalability based on their … Read more
Nvidia has predicted that their revenue for the second quarter will surpass expectations, and they have also announced a 10-for-one forward stock split. This news has pleased investors, who have seen the chipmaker’s market value triple in the last year due to optimism surrounding artificial intelligence. Nvidia’s optimistic forecast for the second quarter comes as … Read more
Nvidia CEO Michael Landsberg believes that Wall Street has underestimated the potential of Nvidia and sees the company as a long-term investment opportunity. The company recently announced a 10-for-1 stock split, which is expected to benefit investors as the stock has seen significant growth this year, closing at $949.50 per share. The stock split will … Read more
A recent review of IBM’s retirement program has sparked discussions about the direction of employee benefits. The company’s transition to cash balance plans is a key focus, with implications for employees’ financial well-being in the long run. Cash balance plans have been gaining popularity in recent years as companies look for ways to modernize their … Read more
Korean Air, one of South Korea’s prominent airlines, announced a collaboration with Amazon Web Services (AWS) to develop an AI-based platform aimed at enhancing customer convenience. This new platform, known as the AI Contact Center (AICC), will utilize artificial intelligence to power voice robots and chatbots to effectively respond to customer inquiries. The goal is … Read more
IBM’s latest quarterly earnings filing coincided with the company’s plans to spend $6.4bn acquiring HashiCorp. IBM reported revenue of $14.5bn, up 1% from the same quarter in 2023, with software revenue growing 5% to $5.9bn. Automation, with growth of 14%, was the biggest contributor to IBM’s software revenue; meanwhile, Red Hat grew 9%. IBM chairman … Read more
Broadcom and Google have announced a new license portability plan that will allow enterprise customers to run VMware workloads on Google Cloud. Broadcom is Source link
While VMware’s $61bn acquisition by Broadcom is now, finally, complete, it has left partners, customers and employees of the virtualisation software pioneer unsure about what the future holds. What we’re hearing from many customers and prospects, especially among enterprises heavily invested in complex VMware environments, is that they are anxious about where they stand, given … Read more
Two weeks past the expected close of Broadcom’s acquisition of VMware and neither party has yet explained what’s holding up the deal, or detailed when it might close. But at last week’s VMware Explore event in Barcelona, VMware offered a teaser of how the two companies’ wares might integrate. That teaser came in the form … Read more