Tag: AI
CEO Sridhar Ramaswamy dives into Cortex AI and Iceberg customer momentum, the impact of Snowflake’s recent cyberattack and how AI will ‘c ontribute materially to revenue’ in 2025 . CEO Sridhar Ramaswamy was bullish about his company’s AI future during Snowflake’s Q2 earnings report on Wednesday, while also downplaying his company’s recent cyberattack and unveiling…
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‘Security continues to be our top priority,’ according to Microsoft. Microsoft will make the controversial “recall” feature for its artificial intelligence-powered Copilot+ PCs available to Windows Insiders users in October. The Redmond, Wash.-based tech giant added the new release date to a previous blog post about recall, which was billed as a way for users…
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The open-source observability platform software developer says its fast-growing customer base has increased its annual recurring revenue to more than $250 million. Grafana Labs, developer of a popular open-source observability platform, has collected $270 million in new funding that puts the company’s valuation at more than $6 billion, the company said Wednesday. Grafana Labs, headquartered…
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‘Sadly, we have made the very difficult decision to say painful goodbyes to some of our team members,’ Five9 CEO Mike Burkland said in an email to employees. Five9 has revealed plans to lay off about 7 percent of its workforce, totaling less than 200 people based on the vendor’s 2,684 full-time employee count as…
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James Knight, AMD’s global media and entertainment director, says content creation professionals should view AI technologies as an ‘elevated toolset’ for their work and not as a threat. The impact of AI on jobs in media and entertainment has been a contentious issue. AMD executive James Knight said content creation professionals should view AI technologies…
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‘This acquisition opens many doors for customers of both organizations, offering a full spectrum of technology solutions and services through one provider. Bailiwick will be a wonderful complement to our business and our Services portfolio and we welcome them to the team,’ says ePlus CEO and President Mark Marron in a statement. Global IT solution…
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Amazon plans to acquire AI chipmaker Perceive for $80 million to boost its LLMs and edge capabilities. AWS parent company Amazon plans to acquire AI chipmaker and model specialist Perceive Corp. for $80 million in cash to boost the company’s large language models and edge computing capabilities. “We’re excited to have signed a deal to…
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From AMD seeking to win new AI data center share from Nvidia to ZT Systems’ business with cloud hyperscalers, here are five big reasons why AMD’s planned $4.9 billion acquisition of ZT Systems could put pressure on rival Nvidia. From ZT Systems signing a new partnership with Nvidia in 2024 to AMD’s data center and…
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Intel’s partner-centric Sales and Marketing Group plans to cut jobs and ‘simplify programs’ as part of a directive to slash costs by more than 35 percent by the end of the year, CRN has learned. The chipmaker says it remains ‘deeply committed to the channel.’ Intel’s partner-centric Sales and Marketing Group (SMG) plans to cut…
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‘Our aim is to be more valuable to our clients tomorrow than we are today,’ says Rich Falcone, president of Ahead. ‘If we can achieve that, growth will naturally follow.’ Nearly six months after Ahead acquired CDI, the combined company is ready to drive significant value for customers and reshape its go-to-market strategy. “Now that…
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