Nvidia doesn’t think the U.S. will backpedal its chip export restrictions to China anytime soon. The chipmaker is so convinced of that fact that it’s not going to include the Chinese market in its revenue and profit forecasts, CEO Jensen Huang told CNN on Thursday. Huang said he’s not counting on the Trump administration reversing […]
Nvidia to exclude China from its revenue and profit forecasts Read More »
Selling software to companies is such a time-consuming process. Even after customers are convinced a product is right for their organization, they still need to ensure the software meets all their security requirements. Chas Ballew realized just how painfully slow and tedious the vendor security and compliance review process was when he was running Aptible,
Uptime Industries is taking a bet on on-premise AI infrastructure with an “AI-in-a-box” handheld device called Lemony AI. The size of a sandwich, Lemony AI can supposedly run a large language model (LLM), AI agents and AI workflows all on one node. Each Lemony requires only 65 watts of power to run, the equivalent of
Vast Data, which offers an AI-friendly data storage platform, is in the market to raise a new round at a giant leap in valuation. Earlier this year, the nine-year-old company was seeking a valuation of around $25 billion, according to a person familiar with the deal. Should it achieve that, it would be a massive
AI storage platform Vast Data aimed for $25B valuation in new round, sources say Read More »
A healthy chunk of corporate America has eagerly embraced AI, betting the tech will bring unrealizable productivity gains. But adoption may be leveling off, according to transaction data from fintech company Ramp. Ramp’s AI Index, which estimates the U.S. business adoption rate of AI products by drawing on Ramp’s card and bill pay data, leveled
Corporate AI adoption may be leveling off, according to Ramp data Read More »
Qualcomm has agreed to acquire Alphawave Semi, a U.K.-based semiconductor company focused on high-speed data center connectivity, for around $2.4 billion. According to Qualcomm CEO Cristiano Amon, the deal will help Qualcomm grow its data center business. “The combined teams share the goal of building advanced technology solutions and enabling next-level connected computing performance across
Qualcomm to acquire semiconductor firm Alphawave Semi for $2.4B Read More »
AMD is continuing its acquisition spree. Semiconductor giant AMD acqui-hired the team behind Untether AI, a startup that develops AI inference chips, as originally reported by CRN. Untether claims that their chips are faster and more energy-efficient than their rivals. The terms of the deal weren’t disclosed. Toronto-based Untether was founded in 2018 and has
AMD acqui-hires the employees behind Untether AI Read More »
Collibra, a data governance platform based in Brussels, is the latest enterprise to acquire a data company in order to expand its offerings in the age of AI. On Thursday, Collibra announced its acquisition Raito, a data access startup founded in 2021. Raito, also located in Brussels, helps companies manage which employees and customers have
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Amazon Web Services (AWS), Amazon’s cloud computing division, is forming a new parent company and three subsidiaries in Germany as part of a sovereign cloud the company is launching in the European Union. AWS VP Kathrin Renz will serve as managing director of AWS’ German corporate parent, which will also be led by EU-based “government
AWS establishes new German corporate presence to advance European sovereign cloud Read More »
Hiring platform Indeed’s CEO Chris Hyams (pictured above) said on Monday that he is stepping down from the role. The company’s parent firm Recruit’s CEO, Hisayuki Idekoba, will return to his post as CEO of Indeed after a six-year break. Hyams said he will serve as a board advisor this year to manage the transition.
Indeed CEO Chris Hyams resigns, hands over reins to former chief Hisayuki Idekoba Read More »
