Cloud infrastructure revenue approached $80 billion this quarter
The cloud infrastructure market has put the doldrums of 2023 firmly behind it with another big quarter. Revenue continues to grow at a brisk pace, fueled by interest in AI. Synergy Research reports revenue totaled $79 billion for the quarter, up $14.1 billion or 22% from last year.
This marked the
Intel to lay off 15,000 employees
Intel announced it would lay off more than 15% of its staff, or 15,000 employees, in a memo to employees on Thursday. The massive headcount is part of a large plan to reduce spending by $10 billion in 2025, following a dismal second-quarter earnings report and outlook.
“Our revenues have not
Microsoft now lists OpenAI as a competitor in AI and search
Microsoft has a long and tangled history with OpenAI, having invested a reported $13 billion in the ChatGPT maker as part of a long-term partnership. As part of the deal, Microsoft runs OpenAI’s models across its enterprise and consumer products and is OpenAI’s exclusive cloud provider.
Google Cloud expands its database portfolio with new AI capabilities
Google is hosting a version of its Cloud Next conference in Tokyo this week, and it’s putting the focus squarely on tweaking its databases for AI workloads (because at this point in 2024, AI is the only thing these major tech companies want to talk about). These include updates to its Spanner
EU greenlights HPE's $14B Juniper Networks acquisition
The European Commission (EC) has given the go-ahead for Hewlett Packard Enterprise’s (HPE) planned acquisition of Juniper Networks, concluding that the proposed transaction “would raise no competition concerns in the European Economic Area.”
The news comes a little more than a mo
Sybill raises $11M for its AI assistant that helps salespeople reduce administrative burden
Sybill, a startup that has built an AI assistant specifically for sales representatives, said on Wednesday it has raised $11 million in a Series A round led by Greycroft.
The market for sales AI assistants has grown quite crowded as companies have leveraged generative AI and large language models
Checkly tests software by mimicking the way people use it
It’s not uncommon for developers working at companies of a certain size to have trouble keeping track of all the software dev-related tasks and bugs that need to be addressed. According to a 2024 survey by Dynatrace, 88% of tech leaders say that the complexity of their tech stacks increased i
Lightrun launches its AI debugger to help developers fix their production code
Lightrun, a Tel Aviv-based startup that helps developers debug their production code from within their IDE, on Wednesday announced the launch of its first AI-based tool: the Runtime Autonomous AI Debugger. The new tool, which is currently in private beta, aims to help developers fix issues with the
It took some serious nerve for Wiz to walk away from Google’s $23B offer
Google had good news and bad news last week. The good news was that the cloud division — including Google Workspace software as a service and Google Cloud infrastructure services — generated $10 billion for the quarter for the first time. That had to take the sting out of losing out on its seco
Real-time database startup ClickHouse acquires PeerDB to expand its Postgres support
ClickHouse, the open source real-time analytics database startup that was spun out of Yandex in 2021, on Tuesday announced that it has acquired PeerDB, a company that focuses on cost-effective Postgres replication and change data capture.
Since its launch, and even before, during its time as a Yan
Archera helps customers access deep cloud discounts
Amid the generative AI boom, companies are spending a lot on cloud infrastructure — and they’re concerned about it. According to a 2024 survey from cloud cost monitoring platform CloudZero, less than half of companies think that they have “healthy” cloud costs, with 58% saying t
Backed by Microsoft, AWS and Meta, the Overture Maps Foundation launches its first open map datasets
It’s not often you’ll find Microsoft, Amazon and Meta in the same room, collaborating on the same goals. But that’s exactly what we have with the Overture Maps Foundation, an initiative to develop interoperable and open map data.
Launched in December 2022, the Overture Maps Found
Dazz snaps up $50M for AI-based, automated cloud security remediation
Cybersecurity has become a white-hot topic in the world of technology. Not only are data breaches continuing unabated, but also security companies themselves are very much in the spotlight as a result. One of the fastest-growing, Wiz, was the object of a now-abandoned $23 billion acquisition offer
How to prevent your software update from being the next CrowdStrike
CrowdStrike released a relatively minor patch on Friday, and somehow it wreaked havoc on large swaths of the IT world running Microsoft Windows, bringing down airports, healthcare facilities and 911 call centers. While we know a faulty update caused the problem, we don't know how it got release