Cisco is trying to become a bigger player in AI after missing out on the early years of the boom.
Cisco beats on earnings, says AI infrastructure revenue will double this fiscal year
Source: CNBC
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Microsoft outage hits Outlook. AWS and Google users also report issues
Over the last hour or so, reports have come in from around the world that people can't access their Outlook email, either through the web or apps. Microsoft has acknowledged the issue from its Microsoft 365 Status account, saying that "We've determined a portion of infrastructure is experiencing elevated load across multiple regions, which is […]
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Cerebras surges 18% after beating on quarterly revenue and announcing Microsoft deal
Cerebras announced a new deal with Microsoft after partnering with major cloud providers Amazon and Oracle.
The Guardian15 outlets
Nvidia’s Jensen Huang to testify to US Congress amid scandal, reports say, as CFO Colette Kress replaces him as interim CEO – follow live
Nvidia’s value slumps by $888bn this week as scandal over longtime CEO’s two affairs, including with a suspected Chinese spy, engulfs chip maker Analysis: Jensen Huang built an AI kingdom. What now? Full report: Jensen Huang resigns as Nvidia CEO Too big – and too well-connected – to sack? Huang does not enjoy the supercharged voting rights that are par for the course elsewhere – his shareholding is a plain vanilla 3.6%. On the other hand, Nvidia’s board does not appear to have spent much time worrying about succession planning and “key person risk” or other standard concerns of corporate governance wonks outside the US. Continue reading...
CNBC5 outlets
Nvidia stock closes down over 4% after CEO Jensen Huang announces resignation
It's the end of an era for Nvidia , as its founder and longtime CEO, Jensen Huang, has resigned effective immediately. The face of one of the largest companies in the US and the growing AI boom, Huang's retirement comes after news broke of his two extramarital affairs, one of which was with a suspected Chinese spy. Nvidia has appointed its Chief Financial Officer, Colette Kress, to serve as interim CEO and Harvey C. Jones as Chair of the Board, but Huang's departure will leave a void that won't be easily filled, as he was heavily involved in Nvidia's day-to-day operations. The news is also expected to complicate things for Nvidia's stock price, as it has been in decline for over a month. The internet is already having a field day with Huang's departure, with hot takes and memes dominating the discourse right now. Huang's days of pulling on his signature leather jacket and hitting the sta
CNBC
Alice Huang tied to Nvidia’s biggest Chinese competitor
The woman with whom Jensen Huang reportedly had a relationship also owned stakes in companies that provided computing power to Huawei, a key Nvidia competitor.
CNBC2 outlets
Trump says ‘we don’t need a deal with Iran’
Oil prices were mixed on Thursday, after the latest comments from President Donald Trump raised worries that an end to the U.S.-Iran war was not in sight.