Robert Hof
Latest from Robert Hof
THIS WEEK IN ENTERPRISE
Everyone wants to make AI chips, UK antitrust hawks eye cloud providers, and MGM rebuffs ransom demand
Generative artificial intelligence continued to dominate the news this week as Anthropic reportedly is raising an additional $2 billion from Google and others, and reports indicated that gen AI partners OpenAI and Microsoft are each looking to design their own AI chips during a severe shortage of graphics processing units from Nvidia. Meanwhile, U.K. antitrust authorities ...
THIS WEEK IN ENTERPRISE
Big money chases AI, antitrust chases big tech, and the metaverse lives
Generative artificial intelligence continued to dominate the headlines this week, as Amazon Web Services swooped in with a multibillion-dollar investment in Anthropic and OpenAI looked to sell employee shares at a — ahem — $90 billion valuation. Meanwhile, OpenAI Chief Executive Sam Altman and former Apple design chief Jony Ive are looking at building something ...
THIS WEEK IN ENTERPRISE
Cisco swallows Splunk, the gen AI freight train barrels ahead and Intel touts progress
Cybersecurity dominated the enterprise technology headlines this week as Cisco Systems Inc. bought Splunk Inc. and two of the leading cybersecurity names, CrowdStrike Holdings Inc. and Google LLC’s Mandiant held their annual events. And that wasn’t all: Two more initial public offerings launched, including Klaviyo in software as a service, but prices sagged after initial ...
Cisco boosts its cybersecurity and AI ambitions with $28B acquisition of Splunk
In the biggest acquisition in its nearly 39-year history, networking giant Cisco Systems Inc. today announced a deal to buy the cybersecurity and data observation and analysis company Splunk Inc. for $28 billion. The move catapults Cisco, best known for its networking gear as well as other data center equipment, even higher in the ranks ...
THIS WEEK IN ENTERPRISE
Arm’s IPO rockets, gen AI explodes computing and Salesforce spotlights the AI trust gap
With so many events and big news this week, I wish I could have cloned myself, but instead I shuttled between events in San Francisco and Silicon Valley and tried to keep up with all the news on my phone. The headline stories: Arm finally went public and its stock rocketed, auguring well for more ...
ANALYSIS
This week in enterprise: Google Cloud sharpens its AI story at Next, and earnings signal an improving tech outlook
As summer effectively comes to an end, enterprise tech companies continued to forget August is supposed to be for vacations — but that’s not such a bad thing. This past week Google mounted a renewed offensive in artificial intelligence at its Next cloud event, sharpening its message and its product lines alike at a packed ...
ANALYSIS
This week in enterprise: Tech IPOs gain steam, AI keeps booming and WMware reaches for relevance
What summer vacation? Making up for lost COVID time, companies are cramming events into what is sometimes a slow tech news season, IPOs are heating up, and investors continue make big moves in artificial intelligence and cybersecurity. This week VMware Inc. held what might be a last blast for its annual user conference, now called ...
This week in enterprise: Gen AI hype, cybersecurity leaders and laggards, and Cisco’s tech spending boost
Is the inevitable backlash against generative artificial intelligence at hand? Some early signals suggest the possibility, but you’d never know it from all the fundings and new products streaming out this week, as SiliconANGLE documented in a raft of stories this week. We also covered the better-than-expected quarterly earnings from Cisco Systems Inc., which gave ...
Palo Alto Networks beats earnings forecast amid slower cybersecurity spending
Palo Alto Networks Inc. today reported its fiscal fourth-quarter profit before certain costs such as stock compensation jumped 90% from a year ago, to $482.5 million, or $1.44 a share. Net profit hit $227.7 million, or 64 cents a share. Revenue rose 26%, to $2 billion. The outlook was positive as well. For its fiscal first ...