Paul Gillin
Latest from Paul Gillin
Kyndryl sales fall but management promises return to growth this quarter
Kyndryl Holdings Inc. today reported adjusted earnings that beat analysts’ estimates on lower sales in its fiscal third quarter. Earnings of 51 cents per diluted share compared with a loss of five cents a year earlier and beat the consensus estimate of 41 cents. Revenue fell to $3.74 billion from $3.94 billion a year earlier, ...
Seraphic raises $29M to secure browsers in the enterprise
Seraphic Algorithms Ltd., a maker of security software for browsers, today announced that a $29 million early-stage funding round led by GreatPoint Ventures LLC. Also participating were CrowdStrike Inc.’s Falcon Fund and existing investors Planven Investments SA, Cota Capital Management LLC and Storm Ventures LLC. The company, which does business as Seraphic Security, said it will ...
Oracle expands generative AI functions in supply chain cloud
Oracle Corp. today is expanding the scope of role-based generative artificial intelligence features in its Fusion Cloud Supply Chain and Manufacturing platform, aiming at automating routine tasks for supply chain professionals. The AI-powered tools are intended to streamline workflows, optimize decision-making and enhance operational efficiency across various supply chain functions. Oracle has been steadily enhancing ...
Oracle and Google expand service availability and add cross-region replication for disaster recovery
Oracle Corp. and Google LLC’s cloud unit today announced an expanded partnership with broader regional coverage, additional services aimed at disaster recovery and a low-cost entry offering for customers that want to adopt Oracle’s Exadata high-performance database platform. Oracle Database@Google Cloud, which is a version of Oracle Cloud Infrastructure that runs natively on Google Cloud, ...
IBM stock soars on strong profit and bullish 2025 forecast
IBM Corp. met analysts’ revenue estimates in the fourth quarter, but investors chose to focus on profit and a strong 2025 forecast, sending shares up nearly 9% in after-hours trading. Revenue rose 2% on a constant currency bases, to $17.56 billion, in line with consensus estimates. Adjusted earnings per share of $3.92 solidly beat estimates ...
Startup backed by top universities aims to deliver fully open AI development platform
Oumi PBC, an artificial intelligence laboratory established in partnership with researchers from some of the world’s most prominent universities today announced what it describes as the world’s first “unconditionally open AI platform.” The initiative aims to create a collaborative ecosystem for AI research and development by offering open access to foundational models, datasets, and development ...
SAP beats sales and profit estimates, hints at forthcoming ‘game-changing innovation’
SAP SE reported 10% revenue growth on a 27% jump in cloud sales in its fiscal fourth quarter, beating analyst estimates. Total revenue of €9.38 billion ($9.79 billion) in constant currencies beat Wall Street forecasts of 9.1 billion euros, while operating profit jumped 24%, to €2.44 billion ($2.55 billion), ahead of analyst estimates of €2.25 ...
Tech stocks tank as Chinese startup DeepSeek stuns AI world with low-cost model rivaling US firms’ best
Technology stocks were hammered in early Monday trading on news that a Chinese startup has built and released to open source a chatbot based on an artificial intelligence model that rivals the performance of the most capable models built by U.S. companies but at a fraction of the cost. DeepSeek, which is operated by Hangzhou ...
Iceberg project leader is bullish on prospects for unified tables and catalogs
Some people hailed Amazon Web Service Inc.’s December announcement that S3 tables will fully support Apache Iceberg as a crowning triumph for the open-source table format. One of them is Russell Spitzer, a principal software engineer at Snowflake Inc. and an Iceberg Project Management Committee member. While he noted that the announcement was less than ...
Galileo unleashes platform for evaluating AI agents
Galileo Technologies Inc., which makes tools for observing and evaluation artificial intelligence models, today unveiled Agentic Evaluations, a platform aimed at evaluating the performance of AI agents powered by large language models. The company said it’s addressing the additional complexity created by agents, which are software robots imbued with decision-making capabilities that enable them to ...