sumo logic Sumo Logic Reveals Mixed Financial Results in Updated IPO Filing Sumo Logic shares updated quarterly numbers showing improving profit margins alongside decelerating revenue growth. The cloud analytics company trims operating costs but faces concerns over slowing expansion.
big tech Big Tech Giants Report Massive Combined Profits Despite Pandemic Economic Slump Alphabet, Amazon, Apple, and Facebook collectively earn $28.6bn in Q2 net profits as pandemic lockdowns drive unprecedented user engagement and online spending.
oracle Oracle and Walmart Secure Tentative Approval for TikTok Global Partnership The U.S. government grants tentative approval for a landmark deal where Oracle and Walmart acquire a 20% stake in a newly formed, U.S.-based TikTok Global. The agreement mandates that all American user data moves to Oracle's secure cloud infrastructure.
oracle Oracle Secures Partnership to Manage TikTok US Operations Oracle wins a deal to serve as TikTok's trusted technology partner in the US, taking over the app's cloud management just after Microsoft's acquisition bid falls through.
tiktok Oracle and Walmart Secure Ownership Stakes in New TikTok Global Entity Oracle takes a 12.5% equity stake and Walmart secures 7.5% in the newly formed TikTok Global as part of a deal approved by President Trump. The new U.S.-based entity promises to pay over $5 billion in new tax dollars to the U.S. Treasury.
intel Intel's 2020 Highlights Showcase AI, Autonomous Driving, and Chip Innovation Intel's 2020 news archive highlights a year of significant advancements in artificial intelligence, autonomous vehicles through Mobileye, and cutting-edge chip technologies like EUV and Foveros 3D stacking.
aws AWS Unveils Massive Cloud Expansion at re:Invent 2020 AWS announces a wave of new services and features across analytics, machine learning, and marketplace categories at re:Invent 2020. Key highlights include natural language querying for business data and new tools for software licensing and SaaS development.
aws AWS Unveils New Custom Chips and SageMaker Tools for Cloud Machine Learning AWS re:Invent 2020 highlights major machine learning updates, including custom training chips and new SageMaker features. These releases aim to reduce costs and simplify data preparation for production-scale deep learning.
aws AWS Reinvent 2020 Unveils New Machine Learning Tools for All Skill Levels AWS reveals a robust lineup of machine learning updates at re:Invent 2020, focusing on faster training and easier development paths. These new tools aim to empower builders ranging from beginners to advanced experts.
aws AWS Shifts AI Strategy Toward Mainstream Business Adoption Amazon Web Services uses its re:Invent 2020 conference to unveil a major shift in artificial intelligence strategy, moving machine learning from niche experiments into mainstream business operations.
aws AWS re:Invent 2020 Unveils Expanded AI and Machine Learning Agenda AWS re:Invent 2020 features its first dedicated machine learning keynote alongside over 50 technical sessions. The event highlights new product launches and customer stories from major brands across various industries.
aws AWS Unveils Custom AI Chips and Rapid ML Innovations at re:Invent AWS hosts its first dedicated Machine Learning keynote at re:Invent 2020, highlighting over 250 new features and introducing custom training chips like AWS Trainium. The company also announces faster distributed training capabilities for Amazon SageMaker.
microsoft Microsoft Surpasses Q4 Expectations as Cloud and Gaming Revenue Soar Microsoft exceeds Wall Street estimates for its fiscal fourth quarter, driven by significant growth in its cloud computing and gaming divisions. Despite the strong earnings report, the company's stock drops slightly in after-hours trading.
microsoft Microsoft Unveils Top-Five Supercomputer and New AI Models at Build 2020 Microsoft kicks off its digital Build 2020 event by revealing a massive Azure supercomputer built for OpenAI and introducing a new family of large AI models alongside responsible machine learning tools.
microsoft Microsoft and OpenAI Unveil Custom Mega Supercomputer on Azure Microsoft announces a massive new Azure-based supercomputer built exclusively for OpenAI to train large AI models. The dedicated system features over 285,000 cores and ranks among the top five fastest supercomputers globally.