Robert Hof – SiliconANGLE

Everyone wants to make AI chips, UK antitrust hawks eye cloud providers, and MGM rebuffs ransom demand

Robert Hof — Fri, 06 Oct 2023 23:53:39 +0000

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 […]

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Big money chases AI, antitrust chases big tech, and the metaverse lives

Robert Hof — Fri, 29 Sep 2023 20:47:54 +0000

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 […]

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Cisco swallows Splunk, the gen AI freight train barrels ahead and Intel touts progress

Robert Hof — Fri, 22 Sep 2023 23:16:13 +0000

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 […]

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Cisco boosts its cybersecurity and AI ambitions with $28B acquisition of Splunk

Robert Hof — Thu, 21 Sep 2023 14:30:54 +0000

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 […]

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Arm’s IPO rockets, gen AI explodes computing and Salesforce spotlights the AI trust gap

Robert Hof — Fri, 15 Sep 2023 23:02:06 +0000

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 […]

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This week in enterprise: Arm readies its IPO, antitrust bites big tech and caution tempers good earnings

Robert Hof — Sat, 09 Sep 2023 00:30:00 +0000

The week started out slowly because of the Labor Day holiday — or maybe because a lot of CEOs and VCs were stuck in the mud at Burning Man — but there was plenty of news as the week wore on. The gist: Arm readies its IPO for next week, antitrust rulings start to bite big […]

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This week in enterprise: Google Cloud sharpens its AI story at Next, and earnings signal an improving tech outlook

Robert Hof — Fri, 01 Sep 2023 23:39:39 +0000

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 […]

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This week in enterprise: Tech IPOs gain steam, AI keeps booming and WMware reaches for relevance

Robert Hof — Fri, 25 Aug 2023 23:16:19 +0000

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 […]

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This week in enterprise: Gen AI hype, cybersecurity leaders and laggards, and Cisco’s tech spending boost

Robert Hof — Sat, 19 Aug 2023 00:16:05 +0000

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 […]

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Palo Alto Networks beats earnings forecast amid slower cybersecurity spending

Robert Hof — Fri, 18 Aug 2023 21:38:24 +0000

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 […]

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This week in enterprise: Cyber consolidation quickens, AI transforms programming and open-source rifts widen

Robert Hof — Fri, 11 Aug 2023 22:26:36 +0000

Consolidation seems to be accelerating in cybersecurity, and generative artificial intelligence is transforming programming very fast. Those are two big trends that emerged this week in SiliconANGLE’s coverage of enterprise and emerging technologies. There was a lot more news on the earnings and antitrust fronts as well. And Nvidia just keeps on rolling, coming out […]

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Cloudy weather, except for AI: All of this week’s enterprise and emerging tech news you need to know

Robert Hof — Sat, 05 Aug 2023 00:03:51 +0000

Cloud computing may be seeing some clearing, but it’s still rather overcast as enterprises continue to try to save money. Meantime, cybersecurity companies are cooling, and so are their stocks. But generative AI remains red-hot and so are the companies managing all the data that powers it. Here’s all you need to know about what […]

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What you need to know from this week’s news in enterprise and emerging tech

Robert Hof — Fri, 28 Jul 2023 23:42:28 +0000

It was another busy week in enterprise and emerging technology, as well as in Elon crazyland, which is simply too riveting to ignore, except when we get sick of it. Here’s all you need to know about what happened this week — OK, most of what you need to know — from stories in SiliconANGLE […]

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Michael Dell talks up the power of AI and Dell’s role in enabling it

Robert Hof — Tue, 23 May 2023 20:29:39 +0000

For a company focused on hardware, the ability of Dell Technologies Inc. to leverage and enable emerging artificial intelligence technologies such as ChatGPT may seem like a stretch — but not to founder and Chief Executive Officer Michael Dell. “There is a misunderstanding that AI is just in ChatGPT,” Dell (pictured, right) said in an […]

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‘Salad shooter’: Why two Google tech luminaries don’t think AI chatbots are ready for prime time

Robert Hof — Tue, 14 Feb 2023 04:33:14 +0000

Less than a week after Google LLC stumbled when it introduced its experimental artificial intelligence chatbot Bard, two Google luminaries today explained why they think AI chatbots — including OpenAI LLC’s wildly popular ChatGPT — aren’t really ready for prime time. Vint Cerf, Google’s chief internet evangelist, and John Hennessy (pictured), chairman of Google parent Alphabet […]

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Cloud growth doesn’t stop economy from biting Amazon and Alphabet

Robert Hof — Thu, 02 Feb 2023 22:33:06 +0000

The sky is no longer the limit for cloud computing giants, as the slowing economy strikes at one of tech’s biggest growth stories of the past decade. Two of the top cloud providers, Amazon Web Services Inc. and Google LLC, today revealed revenues in their cloud units, which have boosted their growth and profits for […]

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The freeze deepens: Amazon and Apple pause hiring, Lyft and Stripe lay off workers

Robert Hof — Thu, 03 Nov 2022 18:39:29 +0000

Tech’s layoffs and hiring freezes are deepening, as Amazon.com Inc. today announced a pause in new hires, Lyft Inc. and Stripe Inc. said they are laying off hundreds of employees amid the worsening economy, and even Apple Inc. was reportedly holding off on new hires outside research and development roles. Amazon, which had previously announced […]

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Alphabet shares fall as slowing economy takes another bite out of sales growth

Robert Hof — Tue, 25 Oct 2022 20:42:19 +0000

With online advertising hitting a slow patch along with the overall economy and inflation taking its toll, even Alphabet Inc. didn’t escape the downdraft today as it reported its fifth straight quarter of slowing revenue growth. The parent of ad and cloud giant Google LLC reported that its profit for the third quarter ended Sept. […]

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FTC to investigate Amazon’s planned $3.9 billion acquisition of One Medical

Robert Hof — Fri, 02 Sep 2022 23:22:02 +0000

Amazon. com Inc. today disclosed in a securities filing that it has received a request for more information from the Federal Trade Commission on its planned $3.9 billion acquisition of 1Life Healthcare Inc., which runs primary-care clinics under the name One Medical. Publicly held 1Life disclosed the investigation in a securities filing first reported by the […]

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Amazon Care telehealth service will shut down by year-end

Robert Hof — Wed, 24 Aug 2022 23:23:59 +0000

Amazon.com Inc. today said it will shut down its Amazon Care telehealth service by the end of the year, casting some doubt on its aggressive plans to become a force in health services. According to an internal memo first reported by Geekwire, the retail and cloud computing giant determined that Amazon Care failed to become […]

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Done deal: Chipmaker Broadcom will buy software and cloud giant VMware for $61.2B

Robert Hof — Thu, 26 May 2022 15:58:30 +0000

As expected, Broadcom Inc. today said it will acquire computer virtualization and cloud services giant VMware Inc. in a $61 billion deal that would be one of the largest technology mergers ever. Broadcom will pay $138.23 per share for VMware in the cash-and-stock deal, more than 40% above VMware’s stock price before reports of the deal. […]

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Amazon stock plunges on surprise loss and bearish outlook

Robert Hof — Thu, 28 Apr 2022 20:54:20 +0000

Yet another strong showing in cloud computing failed to prevent Amazon.com Inc. from reporting a surprise loss, and a disappointing forecast for the next quarter sent its shares down hard in extended trading today. The retail and cloud giant reported its first-quarter net loss of $3.8 billion, or $7.56 a share, reversing an $8.1 billion […]

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Meta stock soars on improvement in Facebook profit and user growth

Robert Hof — Wed, 27 Apr 2022 20:47:07 +0000

It couldn’t get much worse for Meta Platforms Inc. than when it lost $230 billion in market value in February after reporting its first-ever drop in daily users, and today the Facebook parent actually managed to show surprising improvement, sending its stock soaring in late trading. Meta, which rebranded itself in October in the hope […]

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Google parent Alphabet’s results come up short despite cloud strength

Robert Hof — Tue, 26 Apr 2022 20:45:22 +0000

A slowdown in spending on advertising amid the Russian war on Ukraine and an uncertain economy took a toll on Google parent Alphabet Inc. today as it reported first-quarter results that disappointed investors. The one highlight for the quarter was Google Cloud, Alphabet’s cloud computing unit. It saw strong growth as revenue jumped 44%, to […]

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Cisco reportedly made $20B+ bid to acquire Splunk, but talks not active

Robert Hof — Sat, 12 Feb 2022 00:47:48 +0000

Cisco Systems Inc. has reportedly made a takeover offer for Splunk Inc. worth more than $20 billion. The Wall Street Journal reported late Friday, however, that the companies “aren’t currently in active talks,” according to “people familiar with the matter.” Bloomberg characterized the talks as having broken down. The offer tops, though not by much, […]

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Amazon shares soar on cloud and ad growth plus coming Prime fee hike

Robert Hof — Thu, 03 Feb 2022 21:51:12 +0000

Amazon.com Inc. beat back investor worries about higher costs and slowing growth today, as its shares soared on better-than-expected fourth-quarter profits thanks to surging cloud and advertising revenue. The retail and cloud computing giant reported fourth-quarter operating profit fell by nearly half from a year ago, to $3.5 billion, though net income nearly doubled to […]

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Alphabet stock soars as strong ad and cloud sales spur big earnings beat

Robert Hof — Tue, 01 Feb 2022 21:49:28 +0000

Alphabet Inc. easily beat forecasts for fourth-quarter profit and revenue thanks to strong advertising and cloud computing sales, sending its shares up almost 9% in extended trading. The Google LLC parent reported a fourth-quarter profit of $20.4 billion, or $30.69 a share, up 36% from a year ago. Revenue rose 32%, to $75.3 billion. Net […]

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Amazon misses earnings forecast on higher costs despite strong AWS cloud results

Robert Hof — Thu, 28 Oct 2021 20:43:49 +0000

As it spends big on hiring and expanding its supply chain ahead of the holiday season, Amazon.com Inc. today reported lower-than-expected third-quarter profit and revenue — and not even better-than-expected results from its Amazon Web Services Inc. cloud unit could make up for the shortfall. The company reported profit plunged by 49% from a year […]

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Google ads and cloud computing keep Alphabet humming

Robert Hof — Tue, 26 Oct 2021 20:26:28 +0000

Updated: A continued surge in advertising and Google Cloud again boosted Alphabet Inc. as the tech giant reported better-than-expected third-quarter revenue and profit today, but its shares sagged on slight misses in cloud and YouTube forecasts. The Google LLC parent reported a quarterly profit of $18.9 billion, or $27.99 a share, up 68% from a […]

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Facebook beats profit forecast but misses on revenue, blaming Apple

Robert Hof — Mon, 25 Oct 2021 20:43:11 +0000

Updated: Facebook Inc. initially shrugged off unprecedented challenges and criticism today despite reporting slower-than-expected revenue growth with profit that topped analysts’ estimate. Facebook also announced plans to break off its Facebook Reality Labs unit into a separately reporting unit, and said heavy investment in that segment will reduce 2021 operating profit by a hefty $10 […]

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