Alibaba bets on AI to fuel cloud growth as it expands globally

Alibaba bets on AI to fuel cloud growth as it expands globally

Alibaba Offices In Beijing Bloomberg | Bloomberg | Getty Images Alibaba on Thursday said it expanded its global cloud computing availability, while the head of the unit’s international arm touted the company’s AI products as a way to fuel growth. The Chinese technology giant said it has expanded the availability zone of its cloud computing … Read more

Nvidia sets 10-for-1 stock split after AI-driven boom in share price

Nvidia sets 10-for-1 stock split after AI-driven boom in share price

Jensen Huang, co-founder and chief executive officer of Nvidia Corp., during the Nvidia GPU Technology Conference (GTC) in San Jose, California, US, on Tuesday, March 19, 2024.  David Paul Morris | Bloomberg | Getty Images Nvidia announced a 10-for-1 forward stock split in its fiscal first-quarter earnings report on Wednesday. The shares will begin trading … Read more

Microsoft announces new PCs with AI chips from Qualcomm

Microsoft announces new PCs with AI chips from Qualcomm

Satya Nadella, chief executive officer of Microsoft Corp., speaks during a company event on AI technologies in Jakarta, Indonesia, on April 30, 2024. Dimas Ardian | Bloomberg | Getty Images Microsoft is touting new computers with advanced chips designed to run artificial intelligence features of software for Windows, without quickly using up battery life. The … Read more

Hims & Hers weight loss adds compounded GLP-1 injections

Hims & Hers weight loss adds compounded GLP-1 injections

Products of Hims & Hers displayed. Hims & Hers Digital pharmacy startup Hims & Hers Health is introducing access to compounded GLP-1 weight loss injections, the company announced Monday. The company, which offers a range of direct-to-consumer treatments for conditions like erectile dysfunction and hair loss, launched a weight loss program in December. But GLP-1 … Read more

AI startup CoreWeave raises $7.5 billion in debt, Blackstone leads

AI startup CoreWeave raises .5 billion in debt, Blackstone leads

Michael Intrator, CEO of CoreWeave, participates in a CNBC interview on May 9, 2024. CNBC Fresh off a $1.1 billion equity funding round, artificial intelligence infrastructure startup CoreWeave has raised $7.5 billion in debt so that it can more heavily invest in its cloud data centers. Blackstone’s funds led the lending round, with participation from … Read more

Palo Alto Networks will buy IBM QRadar cloud security software assets

Palo Alto Networks will buy IBM QRadar cloud security software assets

Nikesh Arora CEO & Chairman Palo Alto Networks, speaking on CNBC’s Squawk Box at the WEF Annual Meeting in Davos, Switzerland on Jan. 16th, 2024. Adam Galici | CNBC Palo Alto Networks is buying cloud security software assets from IBM as part of a broader partnership that will give the cybersecurity company access to more … Read more

Cisco (CSCO) Q3 earnings report 2024

Cisco (CSCO) Q3 earnings report 2024

Chuck Robbins, chief executive officer of Cisco, participates in a Bloomberg interview at the World Economic Forum in Davos, Switzerland, on Jan. 17, 2024. Stefan Wermuth | Bloomberg | Getty Images Cisco reported earnings and revenue for the fiscal third quarter that topped Wall Street’s estimates, even with sales dropping from a year earlier. The … Read more

Uber announces Uber Shuttle, Uber Caregiver, Costco perks

Uber announces Uber Shuttle, Uber Caregiver, Costco perks

Uber on Wednesday announced several new product updates at the company’s annual Go-Get showcase in New York City that aim to help its customers save money on rides and food. The product updates reflect Uber’s continued push to drive growth and demand across its mobility and delivery business segments. The new features could help the … Read more

Google will ‘sort it out’ if OpenAI misused YouTube for AI

Google will ‘sort it out’ if OpenAI misused YouTube for AI

Alphabet CEO Sundar Pichai speaks at the Asia-Pacific Economic Cooperation CEO Summit in San Francisco on Nov. 16, 2023. David Paul Morris | Bloomberg | Getty Images Alphabet CEO Sundar Pichai said Google will “sort it out” if it determines Microsoft-backed OpenAI relied on YouTube content to train an artificial intelligence model that can generate … Read more

OpenAI co-founder Ilya Sutskever says he will leave the startup

OpenAI co-founder Ilya Sutskever says he will leave the startup

Sam Altman (L), US entrepreneur, investor, programmer, and founder and CEO of artificial intelligence company OpenAI, and the company’s co-founder and chief scientist Ilya Sutskever, speak together at Tel Aviv University in Tel Aviv on June 5, 2023. Jack Guez | Afp | Getty Images OpenAI co-founder Ilya Sutskever said Tuesday that he’s leaving the … Read more