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Oracle beat profit estimates, partnering with Nvidia, targeting supercomputers. It aims to reinvent as a cloud-computing provider, offering cheaper services through subscription plans and expanding cloud datacenters. Revenue growth is strong. ....
The already-hefty demand for the company s data center chips and graphics processing units (GPUs) continues to grow as firms scramble to expand their AI offerings. Nvidia s silicon dominates the global market for AI chips, where it counts the likes of Microsoft among its customers. ....
Arm Holdings CEO Rene Haas mentioned that Arm is attracting customers from various industries, with its technology now found in products like Teslas, Fords, Ring smart cameras, and LG appliances. Read more. ....
DarkTrace: While IT spending has dwindled over the past year, cybersecurity-related expenditure has remained stable as businesses and governments scramble to secure their systems against hackers. ....
Nvidia generated revenue of $13.51 billion in the second quarter and predicted that revenue would reach $16 billion in the third quarter, the company reported late on Wednesday. Both results exceeded analyst expectations, as per Refinitiv. ....