SoundHound AI, a company recently backed by Nvidia, has seen significant gains in its small-cap stock after Nvidia revealed its investment. While some may be unfamiliar with SoundHound, it has been around since the mid-2000s and has shifted its focus to AI-powered speech recognition. While the stock rose sharply, it has since cooled off due … Read more
Nvidia and Broadcom both saw significant gains after announcing stock splits. Nvidia’s shares surged by 4.8% while Broadcom’s shares rose by 3.9% following the news. Nvidia’s stock split will be in the form of a four-for-one split, which means that each shareholder will receive three additional shares for every share they currently own. This move … Read more
The global market for cloud-based applications is expected to see substantial growth between 2023 and 2030, with a growth rate of 15.8%, as reported by HTF Market Intelligence. The study aims to provide a performance analysis of key players in the industry, highlighting trends and drivers shaping the market. Key companies profiled in the report … Read more
The Global Cloud Rendering Market is projected to grow at a CAGR of xx% from 2024-2030, according to HTF Market Intelligence. Cloud rendering involves creating digital images and visual effects using cloud computing resources, benefiting industries like animation studios and architectural visualization companies. Key players in the market include Amazon Web Services, Microsoft Azure, and … Read more
Advanced Micro Devices Inc. (AMD) confirmed that a recent cyberattack by a group called Intelbroker did not compromise any critical business information. The intrusion only obtained a limited amount of information related to the assembling of certain AMD products from a third-party vendor’s site. AMD reassured that this data breach would not have a significant … Read more
A recent report from Nutanix’s sixth annual global Healthcare Enterprise Cloud Index (ECI) survey revealed that healthcare organizations consider advanced AI to be both a priority and a challenge. This survey polled IT decision-makers in healthcare organizations worldwide to gauge enterprise progress with cloud adoption, hybrid multicloud models, ransomware, sustainability, and AI. The report highlighted … Read more
Several companies stood out in after-hours trading, including CrowdStrike, Hewlett Packard Enterprise, Verint Systems, and Guidewire Software. CrowdStrike, a cybersecurity company, saw a 7% increase after surpassing expectations for the first quarter. The company reported adjusted earnings of 93 cents per share and $921 million in revenue, beating estimates from analysts surveyed by LSEG. Hewlett … Read more
Microsoft CEO Satya Nadella made a significant announcement appointing former OpenAI head Sam Altman and former president Greg Brockman to lead a new advanced AI research team. This move has been seen as a major win for Microsoft in the tech industry, as it solidifies their position in the AI race against Google. Anupam Mittal, … Read more
At Cisco Live in Las Vegas, Cisco highlighted the advantages of incorporating technology from Splunk, an AI specialist acquired earlier this year for $28 billion, into its products for digital enterprise security and performance analysis. The company unveiled updates to the Cisco AppDynamics analytics platform prior to the launch of a Unified Observability Experience (UOE) … Read more
Microsoft’s cloud business continues to grow steadily, with an impressive 21% increase overall and a notable 31% increase in its Azure division, driven in part by advancements in artificial intelligence. The company’s sales have surged to $180.395 million over the last nine months, showcasing its commitment to AI, especially generative AI which is seeing practical … Read more