Quick Look Veritas Technologies merges its data protection business with Cohesity, aiming to enhance R&D, customer support, and business alliances. The merged entity forecasts a pro forma annual revenue of $1.6 billion, with recurring revenue of $1.3 billion and a valuation of $7 billion. Cohesity CEO Sanjay Poonen will continue as CEO, while Veritas CEO …
$7B Merger: Cohesity & Veritas Set to Dominate Data Read More »
At A Glance Revenue for Q3 FY2024 reached US$824 million, marking a 13.81% increase year-over-year. Operating income and profit saw a significant reduction, decreasing by about 50% from the previous year. China’s contribution to total revenue grew to 25%, with revenue from related parties in the region accounting for 30%. Q4 revenue projections range between …
Chip Giant Arm’s Q3: Revenue Up 13.81%, Shares Leap 40% Read More »
Rapid Adoption: 60% of attorneys now use generative AI, reversing earlier trends of minimal engagement. In-house vs. Law Firms: In-house legal teams lead in implementing AI over traditional law firms. Key Use Cases: AI’s role spans contracting, ticketing, memo drafting, and knowledge management. Governance Challenges: Ethical concerns over AI bias and privacy call for tighter …
Alphabet Inc., the parent company of Google, has announced its plan to seek external investment for its subsidiary, GFiber, which specializes in Wi-Fi and internet connectivity services in select U.S. regions. This decision aligns with GFiber’s competitive landscape, which includes established internet service providers like Comcast, Verizon Communications, and AT&T. GFiber’s Growth Trajectory GFiber initiated …
Alphabet Seeks External Investments for GFiber Expansion Read More »
Meta Platforms, Facebook’s parent company, experiences a record-breaking one-day gain of $196 billion in stock market value. Meta Platforms, the parent company of social media giant Facebook, achieved an unprecedented milestone on Friday. The company witnessed an astonishing surge of $196 billion in stock market value. This extraordinary one-day gain stands as the largest ever …
Meta Platforms Put AI at the Forefront Meta Platforms, previously known as Facebook, is poised to release its fourth-quarter earnings report after today’s market close. Wall Street analysts predict the company will report revenue of $39.1 billion and adjusted earnings of $4.82 per share for the December quarter. A significant focus is on Meta’s strong …
Empowering Network Operations with AI Integration Juniper Networks has embarked on a groundbreaking journey into the world of artificial intelligence (AI)-driven networking with the introduction of its AI-Native Networking Platform. This pioneering platform aims to redefine network operations by seamlessly integrating AI, enhancing the overall user and operator experiences. In a significant industry-first move, Juniper …
NASA continues to demonstrate its dedication to innovation with the release of the 2024 Spinoff publication, which underscores the transformation of space exploration technologies into practical applications on Earth. This annual compendium showcases NASA’s significant impact on everyday life, covering a range from medical breakthroughs to advancements in aerospace technology. Bridging Space and Medicine: Wireless …
NASA’s Space Tech Spinoffs Elevate Earth Innovations Read More »
Tech entrepreneur Elon Musk has announced a significant breakthrough for his company, Neuralink. Musk claims to have successfully implanted a wireless brain chip in a human. The CEO of Tesla Motors shared the news on X, formerly known as Twitter, highlighting encouraging brain activity and the patient’s satisfactory recovery. Advancements in Neurological Connectivity Neuralink’s goal …
Elon Musk: Neuralink Implants Brain Chip Successfully Read More »
In the dynamic and ever-changing landscape of the cryptocurrency market, the edge goes to those who utilize cutting-edge technology and astute trading methodologies. Immediate Diamox Ai (V 2.0) emerges as a trailblazer in AI-driven algorithmic trading, redefining the approach to digital currency trading. This piece delves into the revolutionary features, capabilities, and the unmatched competitive …
How Immediate Diamox Ai (V 2.0) Enhances Trading with AI Read More »
Taiwan Semiconductor Manufacturing Co. (TSMC), the global chip manufacturing leader, is navigating challenges on multiple fronts. Its second factory in Arizona initially planned for a 2026 start, now faces a delay. Chairman Mark Liu stated that it will be operational in 2027 or 2028. Construction has commenced, but TSMC is reviewing the incentives provided by …
TSMC Adapts: Arizona Chip Setback, Eyes Japan Expansion Read More »
Apple iOS 17.4 Introduces Significant Changes to Comply with DMA, Balancing Innovation and Compliance In anticipation of the European Union’s Digital Markets Act (DMA), Apple has announced an extensive overhaul of its iOS ecosystem with the forthcoming release of iOS 17.4. The update, currently in beta, is designed to address the EU’s regulatory requirements. Notably, …
The beginning of 2024 saw major tech corporations like Google and Amazon initiating significant workforce reductions, sparking speculations about the sector’s future. The layoffs weren’t exclusive to Israel alone, indicating a broader industry shift and warning of potential extended job losses. CEOs Signal Ongoing Transformation in High-Tech Arena CEOs, including Google’s Sundar Pichai, emphasized that …
Tech Giants Trim Teams: Signal of Industry Shifts Read More »
In China’s rapidly evolving electric vehicle (EV) market, local manufacturers are intensifying their efforts to surpass Tesla’s tech dominance. Shifting the focus from driving range to cutting-edge features, Chinese EV companies are unveiling a range of innovations. Thus transforming EVs into consumer electronics akin to the cellphone industry. Entering the Gadget Era Li Yi, Chairman …
In the ever-evolving landscape of the digital realm, Meta Platforms, formerly known as Facebook, has been a prominent player in shaping the way we connect and share information. Recently, the announcement of Sheryl Sandberg’s decision to step down from her position as the chief operating officer and board member has sparked discussions about the future …
Meta Services: Sheryl Sandberg’s Legacy and Future Read More »
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