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
Collibra acquires data access startup Raito Read More »
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 »
Hiring platform Indeed’s CEO Chris Hyams (pictured above) said on Monday that he is stepping down from the role. The CEO of the company’s parent firm Recruit, Hisayuki Idekoba, will return to his post as CEO of Indeed after a six-year break. Hyams said he will serve as a board adviser this year to manage
Indeed CEO Chris Hyams resigns, hands reins over to former chief Hisayuki Idekoba Read More »
If you’ve ever been locked out of your work computer, you know the urgent need to reach IT support. Unfortunately, help desk staff are often busy assisting others, which can mean a significant delay before you regain access. Andrei Serban realized the critical importance of IT’s manual work when he was a product lead on
Console raises $6.2M from Thrive to free IT teams from mundane tasks with AI Read More »
The surge in data company acquisitions continued Monday with Snowflake’s purchase of Crunchy Data. Cloud data platform Snowflake announced its intent to acquire Crunchy Data, a Postgres database partner, late this afternoon. A source familiar with the matter estimated the deal to be worth around $250 million. The terms weren’t disclosed. Snowflake declined to comment
Snowflake to acquire database startup Crunchy Data Read More »
Salesforce has quietly snapped up Moonhub, a startup building AI to vet and hire talent. The terms of the deal weren’t disclosed. In a post on Moonhub’s website on Monday, the company said that its entire Menlo Park, California-based team will be joining Salesforce, an early investor in Moonhub. “As a customer and investor, Salesforce
Salesforce buys Moonhub, a startup building AI tools for hiring Read More »
