Enterprise
Broadcom shares rise as AI growth powers strong guidance
Hock Tan, CEO of Broadcom. Martin H. Simon | Bloomberg | Getty Images Broadcom shares rose about 6% after the company posted strong first-quarter earnings and guidance that signaled ongoing artificial intelligence demand. The chipmaker posted adjusted earnings of $1.60 per share on $14.92 billion in revenue. That surpassed the adjusted earnings of $1.49 per […]
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Oracle’s Federal Electronic Health Record experienced a nation-wide outage
Jaque Silva | Nurphoto | Getty Images Oracle’s Federal Electronic Health Record experienced a nation-wide outage on Tuesday, the Department of Veterans Affairs confirmed to CNBC. The agency said “all users” of the company’s Federal EHR, including the VA, the Department of Defense, the U.S. Coast Guard and the National Oceanic and Atmospheric Administration, were […]
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HPE to cut 2,500 employees as stock slides 16% on weak earnings outlook
Antonio Neri, CEO of Hewlett Packard Enterprise, speaks during an interview with CNBC on the floor of the New York Stock Exchange (NYSE) in New York City, October 20, 2023. Brendan McDermid | Reuters Hewlett Packard Enterprise shares slid 16% in extended trading on Thursday as the data center equipment maker issued quarterly and full-year […]
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Amazon cloud launches service for helping game companies with streaming
Attendees walk through an exposition hall at AWS re:Invent, a conference hosted by Amazon Web Services, in Las Vegas on Dec. 3, 2024. Noah Berger | Getty Images Amazon’s cloud unit said Thursday that it’s launching a service to allow video game publishers to stream their games online. GameLift Streams will deliver games to any […]
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MongoDB shares sink after company issues weak guidance
Dev Ittycheria, CEO of MongoDB Adam Jeffery | CNBC MongoDB shares sank 16% in extended trading on Wednesday after the database software maker issued disappointing guidance. Here’s how the company did in comparison with LSEG consensus: Earnings per share: $1.28 adjusted vs. 66 cents expected Revenue: $548.4 million vs. $519.6 million expected Revenue increased about […]
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23andMe special committee again rejects CEO Wojcicki’s take-private offer
Anne Wojcicki, co-founder and chief executive officer of 23andme Inc., during the South by Southwest (SXSW) festival in Austin, Texas, US, on Friday, March 10, 2023. Jordan Vonderhaar | Bloomberg | Getty Images 23andMe‘s special committee of independent directors on Monday rejected CEO Anne Wojcicki’s proposal to take the distressed genetic testing company private. Wojcicki […]
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Amazon to bring palm-scanning tech to NYU Langone Health facilities
Amazon is bringing its palm-scanning payment system to a Whole Foods store in Seattle, the first of many planned future locations to roll out the technology. Amazon Patients at NYU Langone Health facilities will soon be able to check in for appointments using Amazon’s palm-scanning technology, the company announced Monday. The contactless service, called Amazon […]
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Microsoft is shutting down Skype after a 21-year run. Here’s how it lost out to video call rivals
Kelly Harris of San Jose, leans over to kiss the web cam as she says her goodbye to Brian Johnson, her brother stationed in Japan, at the end of their video phone call via Skype in San Jose, Calif. on Nov. 25, 2009. Lea Suzuki | San Francisco Chronicle | Hearst Newspapers | Getty Images […]
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Autodesk says it will cut 1,350 employees, or 9% of workforce, to make the most of sales changes
Andrew Anagnost, chief executive officer of Autodesk Inc., during a Bloomberg Television interview in London, UK, on April 25, 2023. Chris Ratcliffe | Bloomberg | Getty Images Design software maker Autodesk said Thursday that it will lay off 1,350 employees, which works out to 9% of its workforce. The job cuts follow a series of […]
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OpenAI launching GPT-4.5, its next general-purpose large language model
Sam Altman, chief executive officer of OpenAI, during an interview at Bloomberg House on the opening day of the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, Jan. 16, 2024. Chris Ratcliffe | Bloomberg | Getty Images OpenAI on Thursday announced the research preview of GPT-4.5, a general-purpose large language model. It will initially be […]
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