products

Broadcom streamlines VMware offerings, reduces portfolio to focus on 4 core products and slashes $1 billion in spending

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Broadcom streamlines VMware offerings, reduces portfolio to focus on 4 core products and slashes billion in spending

Broadcom has been working to expand VMware‘s portfolio since completing the $61 billion acquisition of the virtualization software company in November, according to Broadcom President and CEO Hock Tan. The company is transitioning VMware to a subscription licensing model and expects to reduce VMware‘s quarterly expenses by $1 billion. Enterprise customers have faced significant changes … Read more

Broadcom’s Stock Surges 12% on Strong Earnings and High Demand for AI Products

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Broadcom’s Stock Surges 12% on Strong Earnings and High Demand for AI Products

Broadcom’s CEO, Hock Tan, saw the company’s shares soar by 12% after beating analysts’ estimates with their fiscal second-quarter earnings. The company reported earnings per share of $10.96, surpassing the consensus estimate of $10.84 per share. Revenue came in at $12.49 billion, exceeding the expected $12.03 billion. Looking ahead, Broadcom anticipates sales of about $51 … Read more

NVIDIA Corporation (NVDA) surged due to increased demand for AI products

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NVIDIA Corporation (NVDA) surged due to increased demand for AI products

In the Q1 2024 investor letter, Meridian Funds managed by ArrowMark Partners reported that risk assets continued to rise, accompanied by low market volatility. The Meridian Hedged Equity Fund appreciated 5.46% (net) in the quarter, which lagged behind the S&P 500 Index that returned 10.56%. The Fund also slightly lagged its secondary benchmark, the CBOE … Read more

Will Elon Musk Boost Tesla’s Stock Value Above Nvidia’s with AI Products?

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Will Elon Musk Boost Tesla’s Stock Value Above Nvidia’s with AI Products?

The competition for the title of the largest company in the world is intensifying between tech giants like Nvidia, Apple, Microsoft, and Tesla. While Apple has held the crown for many years, Tesla, led by CEO Elon Musk, is making bold claims about its potential to surpass them all. Musk believes Tesla could be worth … Read more

Microsoft prioritizes OpenAI over its own products in AI development strategy – Mezha.Media

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In its AI development strategy, Microsoft has placed a strong emphasis on OpenAI over its own products. By prioritizing collaboration with OpenAI, Microsoft is signaling a shift towards a more collective approach to AI innovation. This decision reflects the growing importance of partnerships and shared resources in the rapidly evolving field of artificial intelligence. Microsoft’s … Read more

Cyble’s Weekly Vulnerability Report: Critical Security Flaws Found in Microsoft, VMware, Veeam, and ASUS Products

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Cyble’s Weekly Vulnerability Report: Critical Security Flaws Found in Microsoft, VMware, Veeam, and ASUS Products

Last week, Cyble Research & Intelligence Labs (CRIL) analyzed 154 vulnerabilities in their weekly report, which included critical flaws in products from Microsoft, VMware, Veeam, and ASUS. The report highlighted that 126 of these vulnerabilities affected Siemens industrial control systems (ICS) products, posing a risk to critical manufacturing infrastructure. Despite the discovery of approximately 25,000 … Read more

Top 10 New Products and Tools from AWS in 2024

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Top 10 New Products and Tools from AWS in 2024

In 2024, Amazon Web Services (AWS) has been launching a series of innovative products focused on artificial intelligence, cloud storage, and new tools like Amazon Bedrock. Under the leadership of its new CEO, Matt Garman, AWS has been investing heavily in generative AI products and cybersecurity innovations. The company generated a record $25 billion in … Read more

Nutanix files lawsuit against Tessell alleging that founders utilized intellectual property to create competing products with remarkably similar features

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Nutanix files lawsuit against Tessell alleging that founders utilized intellectual property to create competing products with remarkably similar features

Nutanix has filed a lawsuit against Tessell, accusing its founders of using company resources to develop a competing product while still employed at Nutanix. The lawsuit alleges that the Tessell founders used Nutanix source code and servers to create their product and wiped their company devices to cover their tracks. Nutanix claimed that Tessell’s product … Read more

Google Refocuses on Core Products, Abandoning Moonshot Projects

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Google Refocuses on Core Products, Abandoning Moonshot Projects

Google is reportedly shifting its focus from “progressive” projects to core products such as search engine and artificial intelligence (AI) businesses. This change has come amidst shrinking budgets and increasing rumors about AI, according to a report by Bloomberg. Google’s special projects lab, called Waymo, has seen its budget reduced in recent years, with more … Read more

Cisco plans to launch products from Chennai plant by the second half of 2024.

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Cisco plans to launch products from Chennai plant by the second half of 2024.

India has emerged as one of the top markets for Cisco globally, and the new manufacturing plant in Chennai is further solidifying the country’s position. In an interview with Ayushman Baruah in Bengaluru, Daisy Chittilapilly, President of Cisco India and SAARC, discussed the significance of the Chennai plant, the SME segment, and the technology spending … Read more