Enterprise
ASML CEO sees low-cost AI models like DeepSeek driving more demand — not less
Dutch semiconductor equipment maker ASML expects new low-cost models like the one rolled out by China’s DeepSeek to lead to more — rather than less — demand for AI chips, CEO Christophe Fouquet told CNBC Wednesday. ASML beat estimates on both sales and profit for the fourth quarter and said it had an order backlog […]
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23andMe is exploring strategic alternatives, looking to raise capital
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 Embattled genetic testing company 23andMe said on Tuesday that it’s started exploring strategic alternatives for a second time, which could include a […]
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UK raises cloud competition concerns, names Microsoft and Amazon as dominant players
Amazon’s computing unit AWS is in talks with Italy to invest billions of euros in the expansion of its data center business in the country as part of the tech giant’s effort to boost its cloud offer in Europe, four people familiar with the matter said. Cesc Maymo | Getty Images News | Getty Images […]
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Microsoft’s underperformance has investors looking to cloud for growth
Satya Nadella, CEO of Microsoft, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22nd, 2025. Gerry Miller | CNBC Microsoft is in the middle of the artificial intelligence boom, but it’s been a while since investors have seen the rewards. The software giant’s stock price is up less […]
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Twilio shares pop 22% and head for biggest gain since Covid pandemic on growth forecast
Twilio CEO Khozema Shipchandler speaks at Twilio’s Signal event in Sao Paulo on Aug. 14, 2024. Courtesy: Twilio Twilio shares soared more than 20% on Friday and headed for their biggest gain since the early days of the Covid pandemic after the cloud communications software vendor issued an uplifting profit forecast for the coming years. The […]
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Zuckerberg sets Meta’s AI targets for the year, expects to spend $60 billion on growth
Meta CEO Mark Zuckerberg looks on before the luncheon on the inauguration day of U.S. President Donald Trump’s second Presidential term in Washington, U.S., Jan. 20, 2025. Evelyn Hockstein | Reuters Meta CEO Mark Zuckerberg on Friday announced the company plans to invest around $60 to $65 billion in capital expenditure in 2025 as it continues […]
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Twilio stock surges after company issues optimistic 2027 profit forecast
Twilio CEO Khozema Shipchandler speaks at Twilio’s Signal event in Sao Paulo on Aug. 14, 2024. Courtesy: Twilio Cloud communications software maker Twilio on Thursday issued a hopeful profit forecast for the next few years. The company sees its adjusted operating margin widening to between 21% and 22% in 2027 as part of a three-year […]
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Microsoft’s business development chief Chris Young resigns
Christopher Young, executive vice president of business development at Microsoft Corp., speaks during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021. The GeekWire Summit brings together business, tech and community leaders for discussions about the future. David Ryder | Bloomberg | Getty Images Microsoft‘s head of business development Chris Young, who […]
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Meta backs Databricks as the data analytics startup inches toward IPO
Databricks co-founder and CEO Ali Ghodsi. Databricks Data analytics software startup Databricks said Wednesday that Meta has signed on as an investor. As the company that trains the popular Llama open-source large language models, or LLMs, that Databricks builds on, Meta plays an important role in the artificial intelligence. Databricks works closely with Meta’s Llama […]
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Abnormal Security hires ex-ServiceNow exec as CFO as company starts prepping for IPO
Abnormal Security, a startup selling email security software to companies, said on Wednesday that it’s hired former ServiceNow finance executive Lisa Banks as chief financial officer as the company gears up to prepare for an IPO. Abnormal is going after a longstanding market, which includes incumbents Mimecast and Proofpoint, adding a layer of artificial intelligence […]
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