ramps

Cisco layoffs cut deeper than expected as firm ramps up AI focus

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Cisco layoffs cut deeper than expected as firm ramps up AI focus

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

CoreWeave, an AI cloud provider supported by Nvidia, ramps up cryptocurrency mining operations as miners shift focus to artificial intelligence; extends contract expansion.

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CoreWeave, an AI cloud provider supported by Nvidia, ramps up cryptocurrency mining operations as miners shift focus to artificial intelligence; extends contract expansion.

CoreWeave, a company previously involved in cryptocurrency mining, has transitioned into providing cloud-based AI training, model fine-tuning, and operation services. Through a partnership with Bit192, CoreWeave helped bring GPT-NeoX-20B to Japan, utilizing over 45,000 high-end Nvidia GPUs and native Kubernetes infrastructures to meet the growing demand for AI computing capabilities. To satisfy this demand, many … Read more