Maria Deutscher
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Pure Storage tops earnings expectations but guidance tanks shares
Pure Storage Inc. today reported fourth-quarter financial results that topped the market’s revenue and profit expectations. Despite the strong results, the company’s stock was down almost 8% in after-hours trading. The selloff may be related to its first-quarter guidance, which projects lower adjusted operating income than what analysts had hoped for. Pure Storage makes all-flash ...
Microsoft releases new Phi models optimized for multimodal processing, efficiency
Microsoft Corp. today expanded its Phi line of open-source language models with two new algorithms optimized for multimodal processing and hardware efficiency. The first addition is the text-only Phi-4-mini. The second new model, Phi-4-multimodal, is an upgraded version of Phi-4-mini that can also process visual and audio input. Microsoft says that both models significantly outperform ...
Amazon debuts LLM-powered Alexa+ with expanded automation features
Amazon.com Inc. today debuted Alexa+, a major upgrade of its voice assistant that uses artificial intelligence large language models to automate complex tasks. Executives demonstrated the service’s capabilities at an event in New York. They showcased dozens of features that span tasks such as finding songs and ordering takeout from Uber Eats. According to Amazon, ...
UK antitrust regulator approves IBM’s $6.4B HashiCorp acquisition
The U.K.’s antitrust regulator has approved IBM Corp.’s proposed acquisition of HashiCorp Inc. for $6.4 billion. The Competition and Markets Authority, or CMA, announced the decision today. The regulatory milestone comes nearly a year after IBM first revealed plans to buy HashiCorp. Before closing, the transaction will also have to receive approval from the U.S. ...
Google launches free Gemini Code Assist tier for individuals
Google LLC today made Gemini Code Assist, its artificial intelligence programming assistant, available at no charge for individual developers. The new free tier supports up to 6,000 requests per day or 180,000 per month. That’s 90 times higher than the usage cap GitHub applies to the free tier of GitHub Copilot, its competing AI coding ...
Quantum hardware startup Quantum Machines raises $170M in funding
Quantum Machines Ltd., a startup that supplies equipment for quantum computer developers, has raised $170 million in fresh funding. Announced today, the Series C investment was led by PSG Equity with participation from Intel Capital, Red Dot Capital Partners and several returning backers. Quantum Machines’ total outside funding now stands at $280 million. Qubits, the ...
Broadcom debuts new PCIe 6 interconnect portfolio
Broadcom Inc. today introduced a new portfolio of interconnect modules based on the PCIe 6 networking technology. The lineup includes a switch, as well as retimer chips that help boost the reliability of network connections. Broadcom also debuted a development platform dubbed IDP. Engineers can use it to ensure that PCIe 6 modules work well ...
Endpoint management startup NinjaOne raises $500M at $5B valuation
NinjaOne LLC, a startup with a platform that helps enterprises manage their employees’ devices, has secured $500 million in fresh funding. The company detailed today that the capital was provided as an extension to a Series C round it announced last year. Alphabet Inc.’s CapitalG startup fund and ICONIQ Growth led the new investment. NinjaOne ...
MongoDB acquires embedding model provider Voyage AI
MongoDB Inc. today announced that it has acquired Voyage AI Inc., a startup with a series of artificial intelligence models for generating embeddings. The terms of the deal were not disclosed. Voyage AI previously raised $28 million in funding from Snowflake Inc., Databricks Inc. and other investors. Nasdaq-listed MongoDB provides a popular document database of ...
Microsoft scraps some data center leases as Apple, Alibaba double down on AI
Microsoft Corp. has canceled multiple data center leases and may scrap several more that are currently in the works, Bloomberg reported today. A significant percentage of tech giants’ data center spending is driven by artificial intelligence demand. Microsoft’s lease cancellations raise the possibility the company is seeing less AI demand than originally expected, which could ...