SiliconANGLE

Pegasystem’s stock tumbles on earnings and revenue miss

Mike Wheatley — Fri, 28 Jul 2023 01:06:58 +0000

Low-code automation software firm Pegasystems Inc. posted disappointing second quarter financial results that saw it miss analyst’s targets on earnings, revenue and adjusted operating income. The company reported a net loss for the period of $46.8 million, improving on the loss of $268.2 million it posted one year earlier. However, its earnings before certain costs […]

The post Pegasystem’s stock tumbles on earnings and revenue miss appeared first on SiliconANGLE.

Weak forecast gives Juniper investors the jitters and its stock falls

Mike Wheatley — Fri, 28 Jul 2023 00:38:02 +0000

Juniper Networks Inc. offered a weak forecast for the third quarter that came in below market estimates, sending its stock down more than 7% in extended trading today. The company said lower spending by cloud computing clients in a weak economy is to blame for “continued weakness in bookings.” Earlier, Jupiter had reported solid second-quarter […]

The post Weak forecast gives Juniper investors the jitters and its stock falls appeared first on SiliconANGLE.

Intel delivers surprise profit despite facing ‘persistent weakness,’ sending its stock higher

Mike Wheatley — Thu, 27 Jul 2023 23:59:29 +0000

Intel Corp. bounced back from its biggest-ever loss three months ago, beating analyst expectations and returning to profitability as it delivered its second-quarter earnings results. The results sent its stock up more than 7% in extended trading. The company today posted a net profit of $1.5 billion for the quarter, with earnings before certain costs […]

The post Intel delivers surprise profit despite facing ‘persistent weakness,’ sending its stock higher appeared first on SiliconANGLE.

Government services provider Maximus hit by MOVEit attack

Duncan Riley — Thu, 27 Jul 2023 23:18:19 +0000

Government services provider Maximus Inc. is the latest victim of the Clop ransomware gang’s targeting of a critical vulnerability in Progress Software Corp.’s MOVEit file transfer software, as data belonging to as many as 11 million people was stolen. Maximus, which provides services for Medicaid, Medicare, health care reform, welfare-to-work and student loan servicing, disclosed it had […]

The post Government services provider Maximus hit by MOVEit attack appeared first on SiliconANGLE.

Ansys supplements customer support with generative AI agent

Paul Gillin — Thu, 27 Jul 2023 21:36:40 +0000

Engineering simulation software vendor Ansys Inc. today announced a limited beta release of a multilingual, conversational, virtual assistant that uses generative artificial intelligence technology and runs across its portfolio. AnsysGPT was developed with OpenAI LLC’s ChatGPT technology on the Microsoft Corp. Azure cloud using Ansys public data. It can be used to answer technical questions […]

The post Ansys supplements customer support with generative AI agent appeared first on SiliconANGLE.

Pioneering supercloud: EnterpriseWeb uses abstraction layer to tackle distributed complexity challenge

Brian Njuguna — Thu, 27 Jul 2023 21:30:49 +0000

As the enterprise world increasingly becomes distributed, diverse and dynamic, creating meaningful connections is imperative, and this is spearheading the supercloud narrative. Since the complexity of being distributed is a growing challenge, EnterpriseWeb LLC offers an abstraction layer for connectivity purposes, enabling businesses to act in a unified manner, according to Dave Duggal (pictured), founder […]

The post Pioneering supercloud: EnterpriseWeb uses abstraction layer to tackle distributed complexity challenge appeared first on SiliconANGLE.

Senators propose creating new agency for regulating big tech

Maria Deutscher — Thu, 27 Jul 2023 21:16:07 +0000

Senators Elizabeth Warren and Lindsey Graham are sponsoring a bill that would establish a new agency for regulating big tech companies. The bill, which is known as the Digital Consumer Protection Commission Act of 2023, was detailed today. If passed, it would establish an agency called the Digital Consumer Protection Commission. The agency would be tasked […]

The post Senators propose creating new agency for regulating big tech appeared first on SiliconANGLE.

Leveraging the power of evolving data storage solutions for enhanced cloud-native capabilities

Brian Njuguna — Thu, 27 Jul 2023 20:28:53 +0000

Cloud-native technologies, such as Kubernetes, are unlocking new levels of efficiency and agility for businesses, but organizations need to adapt their structures and skills to fully realize the benefits. The evolving IT landscape has created a need for a platform that can meet the cloud-native needs of enterprises. IBM Storage Fusion and Red Hat OpenShift […]

The post Leveraging the power of evolving data storage solutions for enhanced cloud-native capabilities appeared first on SiliconANGLE.

Redefining data management: Supercloud’s role in the modern enterprise landscape

Victor Dabrinze — Thu, 27 Jul 2023 19:54:38 +0000

The modern enterprise landscape is no stranger to changing organizational habits on sourcing, filtering, storing and operationalizing data. But with data volumes swiftly growing beyond the data center, it’s become a task for companies to perform those functions. Supercloud is prompting an expansion of the same idea as multicloud and edge, as the modern application […]

The post Redefining data management: Supercloud’s role in the modern enterprise landscape appeared first on SiliconANGLE.

Mobileye tops second-quarter expectations despite increased chip costs

Maria Deutscher — Thu, 27 Jul 2023 19:13:47 +0000

Chipmaker Mobileye Global Inc. today reported better-than-expected financial results for the second quarter and raised its full-year guidance. Mobileye, a former Intel Corp. subsidiary, makes advanced driver assistance systems and chips for powering them. The company says its silicon has been installed in more than 100 million vehicles to date. Mobileye is currently pursuing a long-term […]

The post Mobileye tops second-quarter expectations despite increased chip costs appeared first on SiliconANGLE.

IBM boosts its FlashCore Modules for gapless data resiliency

Victor Dabrinze — Thu, 27 Jul 2023 18:46:46 +0000

From the days of floppy disks and eventually hard drives, IBM has been a consistent global leader in computer storage. Today, the company’s crop of enterprise data storage solutions is built on proprietary FlashCore Modules for high throughput and consistent latency. But, more importantly, those FCMs have been fitted with capabilities for full-scale data resiliency. […]

The post IBM boosts its FlashCore Modules for gapless data resiliency appeared first on SiliconANGLE.

Beyond speeds and feeds: Cyber resilience redefines storage industry

Mark Albertson — Thu, 27 Jul 2023 18:17:43 +0000

The world of computer storage used to be dominated by how quickly data could be imported or exported and in what quantities. Those times have changed as cyber resilience and data protection become top-of-mind for most organizations. “I think the speeds and feeds conversations are over in storage,” said Daneyand Singley (pictured, right), executive director […]

The post Beyond speeds and feeds: Cyber resilience redefines storage industry appeared first on SiliconANGLE.

Revamping data storage to harness AI for an information supply chain

Victor Dabrinze — Thu, 27 Jul 2023 17:47:34 +0000

Artificial intelligence has created an acute appreciation for data within the enterprise. However, it’s also created a sprawl that’s placed unprecedented strain on today’s storage systems. So, how does the industry approach the mounting technical aspects of scale to create a new class of AI applications and manage data flow through the information supply chain? […]

The post Revamping data storage to harness AI for an information supply chain appeared first on SiliconANGLE.

EU launches antitrust investigation into Microsoft Teams after Slack complaint

Maria Deutscher — Thu, 27 Jul 2023 17:11:24 +0000

The European Commission today disclosed that it’s investigating Microsoft Corp. over the way it distributes Teams to customers. Microsoft ships Teams with Microsoft 365, a product bundle that includes the Office productivity suite. The videoconferencing and messaging service was previously a part of Office 365, a predecessor to Microsoft 365 that included many of the […]

The post EU launches antitrust investigation into Microsoft Teams after Slack complaint appeared first on SiliconANGLE.

Groopit brings its ‘crowdsolving’ service to Salesforce

Paul Gillin — Thu, 27 Jul 2023 17:00:53 +0000

Groopit Inc. said its crowdsourcing service has been integrated with Salesforce Inc.’s customer relationship management software to enable sales leaders to harvest input from across their organizations. Groopit enables managers to gather data in real-time for the purposes of competitive intelligence, product feedback, customer insights and other purposes. Its platform is an underlying insight-sharing engine that […]

The post Groopit brings its ‘crowdsolving’ service to Salesforce appeared first on SiliconANGLE.

Rust Foundation leads security enhancement drive in programming ecosystem

Duncan Riley — Thu, 27 Jul 2023 17:00:07 +0000

The Rust Foundation, which supports the development of the popular open-source Rust programming language, today released a new report detailing the recent accomplishments of its Security Initiative – an effort to advance security within the Rust ecosystem. The Rust programming language has seen extensive adoption and increasing popularity in recent years as it offers advantages for […]

The post Rust Foundation leads security enhancement drive in programming ecosystem appeared first on SiliconANGLE.

IBM’s evolving storage solutions aim to pave the way for AI and hybrid cloud environments

Ryan Stevens — Thu, 27 Jul 2023 16:40:44 +0000

Years ago, IBM Corp. had an event called IBM Edge. Things have certainly changed since then, whether one considers the rise of artificial intelligence in hybrid cloud environments or even the names of various products. Take the platform originally released as General Parallel File System, later renamed Storage Spectrum Scale, and more recently, IBM Storage […]

The post IBM’s evolving storage solutions aim to pave the way for AI and hybrid cloud environments appeared first on SiliconANGLE.

AI and data convergence: Key takeaways from IBM Storage Summit

Chad Wilson — Thu, 27 Jul 2023 16:16:20 +0000

As technology advances, the world of storage has experienced a seismic shift from traditional storage boxes to a data-centric revolution. At the forefront of this transformation, industry experts gathered at IBM Storage Summit in Palo Alto, where they discussed the evolution of storage and its convergence with data and AI. Sarbjeet Johal (pictured, right), guest […]

The post AI and data convergence: Key takeaways from IBM Storage Summit appeared first on SiliconANGLE.

CompScience, which uses visual AI to eliminate workplace safety hazards, raises $10M

Mike Wheatley — Thu, 27 Jul 2023 16:00:59 +0000

Artificial intelligence-powered insurance technology startup CompScience Insurance Services, officially known as Kinetic Inc., said today it has closed on a $10 million investment from Valor Equity Partners, an early backer of Elon Musk’s Tesla Inc. and SpaceX Corp., joined by Four More Capital. CompScience is a workplace safety insurance provider with a difference, uniquely combining […]

The post CompScience, which uses visual AI to eliminate workplace safety hazards, raises $10M appeared first on SiliconANGLE.

Open-source fuels Aiven’s success in providing easier path to data infrastructure technology

Mark Albertson — Thu, 27 Jul 2023 15:56:56 +0000

Solving a difficult problem is what led the founders of Aiven Ltd. to create a new business. The company’s leaders previously built mission-critical data infrastructure for Nokia Corp. and F-Secure Corp. They discovered that infrastructure solutions had become either proprietary or hard to leverage for tangible business results. Aiven was born out of a desire […]

The post Open-source fuels Aiven’s success in providing easier path to data infrastructure technology appeared first on SiliconANGLE.

Box debuts Microsoft 365 Copilot plugin to help users access business data faster

Maria Deutscher — Thu, 27 Jul 2023 15:00:43 +0000

Box Inc. is rolling out a plugin for Microsoft 365 Copilot, an artificial intelligent assistant that Microsoft Corp. introduced earlier this year. The plugin debuted this morning alongside a number of other new features. Those features will make documents stored in Box more easily accessible from Microsoft’s Teams collaboration application and the desktop version of […]

The post Box debuts Microsoft 365 Copilot plugin to help users access business data faster appeared first on SiliconANGLE.

Four insights you might have missed from the ‘AWS Savings in the Cloud’ event

Ryan Stevens — Thu, 27 Jul 2023 14:32:09 +0000

A few months before the kickoff of theCUBE’s coverage of the AWS Savings in the Cloud event, Amazon.com Inc. Chief Financial Officer Brian Olsavsky stated that optimizations were ongoing in light of the company’s stock dipping. In the midst of ongoing economic uncertainty, the company would look to optimize its cloud spend, Amazon noted. That subject […]

The post Four insights you might have missed from the ‘AWS Savings in the Cloud’ event appeared first on SiliconANGLE.

Palo Alto Networks introduces CI/CD Security to Prisma Cloud

Duncan Riley — Thu, 27 Jul 2023 11:00:25 +0000

Palo Alto Networks Inc. today introduced a new continuous integration and continuous delivery security module to provide integrated software delivery pipeline security as part of the code-to-cloud capabilities in its Prisma Cloud cloud-native application protection platform. CI/CD Security by Prisma Cloud offers graph-based CI/CD security that has been designed to provide better visibility in engineering ecosystems. […]

The post Palo Alto Networks introduces CI/CD Security to Prisma Cloud appeared first on SiliconANGLE.

Waymo changes course from its self-driving truck ambitions to focus on ride-hailing

James Farrell — Thu, 27 Jul 2023 02:58:35 +0000

Alphabet Inc.’s Waymo LLC announced today that it’s putting the brakes on autonomous truck operations and will now focus its efforts on the self-driving ride-hailing part of the business. Waymo Via, the company’s trucking division, was launched six years ago. Until recently, it has been testing its Class 8 heavy-duty trucks, operated by Waymo Driver, […]

The post Waymo changes course from its self-driving truck ambitions to focus on ride-hailing appeared first on SiliconANGLE.

Samsung’s operating profit dropped by 95%, but officials are optimistic of a recovery later this year

Mike Wheatley — Thu, 27 Jul 2023 01:16:23 +0000

Samsung Electronics Co. Ltd. confirmed in an earnings report that its operating profit plummeted by 95%, hitting a 14-year low in the second quarter. The company, which is the world’s biggest maker of smartphones and dynamic random-access memory chips found in personal computers and other devices, reported revenue of 60.01 trillion won (around $47.21 billion) […]

The post Samsung’s operating profit dropped by 95%, but officials are optimistic of a recovery later this year appeared first on SiliconANGLE.

Despite beating earnings expectations and raising its full-year outlook, ServiceNow’s stock falls

Mike Wheatley — Thu, 27 Jul 2023 00:20:52 +0000

ServiceNow Inc. raised its full-year outlook for the second time this year after posting strong financial results that came in ahead of expectations today, yet its stock fell more than 3% in extended trading. The results were delivered as the work automation software provider detailed two new generative artificial intelligence products and an alliance with […]

The post Despite beating earnings expectations and raising its full-year outlook, ServiceNow’s stock falls appeared first on SiliconANGLE.

Meta’s stock rallies on strong earnings beat and bullish guidance

Mike Wheatley — Wed, 26 Jul 2023 23:45:08 +0000

Meta Platforms Inc. chalked up its most profitable quarter since 2021, beat analysts forecasts on earnings and revenue, and offered strong guidance for the current period, sending its stock up 7% in after-hours trading. The Facebook parent company reported second-quarter earnings before certain costs such as stock compensation of $2.98 per share, ahead of the […]

The post Meta’s stock rallies on strong earnings beat and bullish guidance appeared first on SiliconANGLE.

Seagate shares fall slightly on mixed bag of financial results

Duncan Riley — Wed, 26 Jul 2023 23:44:42 +0000

Shares in Seagate Technology Holdings plc fell slightly in late trading today after the data storage company reported mixed results in its latest earnings report. For its fiscal fourth quarter that ended June 30, Seagate reported a loss before costs such as stock compensation of 18 cents, down from a profit of $1.59 per share […]

The post Seagate shares fall slightly on mixed bag of financial results appeared first on SiliconANGLE.

Check Point shares rise slightly on earnings beat

Duncan Riley — Wed, 26 Jul 2023 23:21:52 +0000

Shares in Check Point Software Technologies Ltd. rose slightly in regular trading today after the cybersecurity company beat expectations on earnings in its latest quarter. For its second quarter that ended June 30, Check Point reported earnings per share of $2 before costs such as stock compensation. That was up 22% from $1.64 in the same quarter […]

The post Check Point shares rise slightly on earnings beat appeared first on SiliconANGLE.

AWS introduces generative AI service for creating clinical documentation

Maria Deutscher — Wed, 26 Jul 2023 21:34:38 +0000

Amazon Web Services Inc. is rolling out a new generative artificial intelligence service, AWS HealthScribe, that can help medical professionals create clinical notes faster. The service made its debut today at AWS Summit New York. It’s currently available in preview. As part of their day-to-day work, healthcare practitioners write clinical notes that summarize a patient’s […]

The post AWS introduces generative AI service for creating clinical documentation appeared first on SiliconANGLE.