Paul Gillin – SiliconANGLE

Venture investors see DeepSeek accelerating AI market growth

Paul Gillin — Fri, 14 Feb 2025 23:08:54 +0000

Last month’s news that a Chinese startup called DeepSeek had developed a large language model for a tiny fraction of the cost of those built by U.S. companies triggered a nearly $1 trillion selloff in the stock market and sent investors scurrying for their calculators. Did DeepSeek’s innovations permanently alter the economics of artificial intelligence […]

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Informatica plunges 33% on revenue miss, citing ‘internal issues,’ but says underlying business is strong

Paul Gillin — Thu, 13 Feb 2025 22:56:10 +0000

Informatica Inc.’s stock plummeted more than 33% in after-hours trading after the data integration company reported lower-than-expected revenue in the fourth quarter. Informatica blamed internal sales issues and customers’ more rapid than expected migration to the cloud, which hit maintenance revenues. Revenue fell nearly 4% from a year ago, to $428.3 million, below consensus estimates […]

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HPE rolls out ProLiant servers optimized for AI and security-sensitive workloads

Paul Gillin — Wed, 12 Feb 2025 14:00:23 +0000

Hewlett Packard Enterprise Inc. today is rolling out eight new ProLiant Compute Gen12 servers, claiming advanced security capabilities, performance optimized for complex workloads and artificial intelligence-driven management features. The servers are based on the new Intel Corp. Xeon 6 processors, which are designed for high levels of performance and power efficiency. The ProLiant Compute DL384 […]

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Snowflake partners with Anthropic to release its first AI agents

Paul Gillin — Wed, 12 Feb 2025 14:00:04 +0000

Snowflake Inc. today launched agentic artificial intelligence capabilities that allow users to query combinations of structured and unstructured data using enhanced versions of its Cortex Analyst and Cortex Search query tools in combination with the Claude 3.5 Sonnet large language model from Anthropic PBC. AI agents are autonomous systems that perceive their environment, process information […]

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Cisco embeds security services in new line of programmable switches

Paul Gillin — Tue, 11 Feb 2025 08:30:36 +0000

Cisco Systems Inc. today announced a family of data center switches that enable services to be embedded directly into the switching layer, beginning with security services. Cisco’s Nexus 9300 Series Smart Switches (pictured) combine the company’s Silicon One E100 network processors and programmable data processing units from Advanced Micro Devices Inc. The switch functions as […]

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Amplitude integrates in-app surveys into its behavioral analysis platform

Paul Gillin — Tue, 11 Feb 2025 05:01:07 +0000

Behavior-tracking software firm Amplitude Inc. today said it has completed the integration of the personalized user assistance and survey technology it acquired with Command AI last October. Relaunched as Amplitude Guides and Surveys, the product allows marketing and product teams to deliver personalized messages and questions to users based on behavior. For example, it can deliver […]

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Oracle boosts generative AI feature in its human capital management cloud application

Paul Gillin — Thu, 06 Feb 2025 02:30:24 +0000

Oracle today is rolling out new role-based artificial intelligence agents within it Fusion Cloud Human Capital Management application aimed at automating tedious workflows and helping resolve common employee questions. New agents in Release 25A of HCM address “problematic areas that require a lot of time and research,” said Miranda Nash, group vice president of Oracle […]

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Aerospike says it has achieved a milestone in NoSQL OLTP performance

Paul Gillin — Wed, 05 Feb 2025 10:00:29 +0000

Aerospike Inc., which sells a commercial version of its namesake open-source, scalable, real-time NoSQL database management system, today unveiled a new version that it said is the first real-time distributed database to guarantee strict serializability of ACID transactions at a small fraction of the cost of competing systems. Strict serializability is the strongest consistency guarantee for ACID […]

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Alluxio boosts performance for AI model training

Paul Gillin — Tue, 04 Feb 2025 13:00:29 +0000

Alluxio Inc., which sells a commercial version of an open-source distributed filesystem and cache, today announced new features that accelerate artificial intelligence model training and enhance integration with Python software development kits. The company said the updates collectively enable organizations to train models faster, handle large datasets more efficiently and simplify complex AI infrastructure. Alluxio […]

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Exclusive: GetWhys raises $2.75M seed round for AI-infused marketing research platform

Paul Gillin — Tue, 04 Feb 2025 11:00:31 +0000

GetWhys Inc. today said it has raised a $2.75 million seed funding round to further the development and marketing of its artificial intelligence-based customer insights platform. The two-year-old firm, founded by consultants specializing in business-to-business marketing, provides self-service market research primarily to software firms that want to better understand the factors that motivate customer purchases. […]

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Kyndryl sales fall but management promises return to growth this quarter

Paul Gillin — Mon, 03 Feb 2025 22:44:26 +0000

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, […]

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Seraphic raises $29M to secure browsers in the enterprise

Paul Gillin — Thu, 30 Jan 2025 17:53:00 +0000

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 […]

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Oracle expands generative AI functions in supply chain cloud

Paul Gillin — Thu, 30 Jan 2025 15:00:04 +0000

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 […]

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Oracle and Google expand service availability and add cross-region replication for disaster recovery

Paul Gillin — Thu, 30 Jan 2025 13:00:10 +0000

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, […]

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IBM stock soars on strong profit and bullish 2025 forecast

Paul Gillin — Thu, 30 Jan 2025 00:36:12 +0000

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 […]

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Startup backed by top universities aims to deliver fully open AI development platform

Paul Gillin — Wed, 29 Jan 2025 16:00:28 +0000

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 […]

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SAP beats sales and profit estimates, hints at forthcoming ‘game-changing innovation’

Paul Gillin — Tue, 28 Jan 2025 15:44:27 +0000

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 […]

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Tech stocks tank as Chinese startup DeepSeek stuns AI world with low-cost model rivaling US firms’ best

Paul Gillin — Mon, 27 Jan 2025 17:22:42 +0000

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 […]

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Iceberg project leader is bullish on prospects for unified tables and catalogs

Paul Gillin — Fri, 24 Jan 2025 17:36:00 +0000

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 […]

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Galileo unleashes platform for evaluating AI agents

Paul Gillin — Thu, 23 Jan 2025 20:45:40 +0000

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 […]

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Gartner sees 10% IT spending jump in 2025, but don’t get too excited

Paul Gillin — Tue, 21 Jan 2025 08:30:06 +0000

Gartner Inc. expects worldwide information technology spending to grow 9.8% to $5.61 trillion in 2025, well ahead of the 7.7% increase in 2024, but don’t get your party hats out just yet. The research firm says much of the spending bump will cover price increases for existing products and services. “The median amount that CIOs are […]

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Google bids for multimodal AI leadership

Paul Gillin — Sun, 19 Jan 2025 15:56:52 +0000

With some forecasts calling for the multimodal artificial intelligence market to grow more than 35% annually over the next few years, Google LLC is betting it can grab a pole position. The company’s cloud computing unit recently asserted that multimodal AI, which combines text, images, video, audio and other unstructured data with generative AI processing, […]

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Onehouse says its runtime accelerator can speed data lakehouse operations up to 30-fold

Paul Gillin — Thu, 16 Jan 2025 21:54:41 +0000

Managed open data lakehouse provider Onehouse Inc. today released a runtime engine that it said can accelerate workloads across the most popular open data lake table formats up to 30-fold. The company said it achieves these results by deeply understanding common data workloads such as ingestion and transformation and implementing specialized optimizations for those workloads. Onehouse […]

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Snowflake claims breakthrough can cut AI inferencing times by more than 50%

Paul Gillin — Thu, 16 Jan 2025 16:00:36 +0000

Snowflake Inc. today said it’s integrating technology into some of its hosted large language models that it says can significantly reduce the cost and time required for artificial intelligence inferencing, the use of trained models to make predictions or generate outputs based on new input data. The technique, called SwiftKV, is an optimization technique for […]

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Insightsoftware boosts EPM capabilities with JustPerform acquisition

Paul Gillin — Wed, 15 Jan 2025 14:00:44 +0000

Insightsoftware, a provider of software for chief financial officers, today announced its 29th acquisition since its 2018 founding, picking up enterprise performance management firm JustPerform Inc. for an undisclosed price. Insightsoftware, which is the business name of GS Topco GP LLC, said JustPerform adds cloud-native planning, consolidation and reporting to its portfolio. Enterprise performance management […]

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Red Hat releases OpenShift for virtualization and tools for multicloud traffic management

Paul Gillin — Wed, 15 Jan 2025 14:00:32 +0000

IBM Corp. subsidiary Red Hat today announced the general availability of the Red Hat OpenShift Virtualization Engine, a version of the OpenShift orchestration platform that’s geared exclusively toward virtualization workloads. The company also announced the general availability of Red Hat Connectivity Link, a hybrid multicloud traffic management, policy enforcement and role-based access control platform for […]

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Nvidia partnerships aim to accelerate use of AI agents in healthcare research

Paul Gillin — Mon, 13 Jan 2025 14:00:05 +0000

Nvidia Corp. today will use the J.P. Morgan Health Care Conference in San Francisco to announce multiple partnerships with healthcare technology firms aimed at apply artificial intelligence to speed up workflows in tasks ranging from drug discovery to genetic engineering. The partnerships are based on Nvidia’s concept of “AI factories,” which are data centers that […]

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WatchGuard seeks to accelerate expansion into MDR market with ActZero acquisition

Paul Gillin — Wed, 08 Jan 2025 14:00:40 +0000

WatchGuard Technologies Inc., the maker of integrated threat management software, appliances and services, today said it has acquired ActZero Inc., a managed detection and response services provider for an undisclosed amount. WatchGuard said the deal would accelerate its expansion into the MDR market, which began in 2023. Both companies primarily serve managed service providers, which […]

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Oracle touts speedy vector search in new Exadata machine

Paul Gillin — Tue, 07 Jan 2025 16:00:48 +0000

Oracle Corp. today is rolling out the latest version of its Exadata database-optimized computing platform, claiming 55% better performance on vector searches used in artificial intelligence model training, 2.2 times faster analytics scanning throughput and 25% speedier transaction processing performance than its predecessor. The Exadata X11M succeeds the Exadata X10M, which was introduced 18 months […]

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Dell overhauls brand portfolio and adds NPU-equipped portables and desktops

Paul Gillin — Mon, 06 Jan 2025 19:45:32 +0000

Dell Technologies Inc. is using the CES consumer electronics show in Las Vegas today to announce a broad streamlining of its brand portfolio and new personal computers and monitors addressing uses ranging from schoolwork to artificial intelligence development to high-end design. The company also said it’s expanding its relationship with Advanced Micro Devices Inc. to […]

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