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With cloud spend continuing to surge, tech companies are scrambling to meet demand for the necessary infrastructure, with the growing need for AI compute only adding fuel to the fire. By way of example, Microsoft and BlackRock have created a $30 billion fund to support new data centers and energy infrastructure for the burgeoning AI…
Google has appointed Preeti Lobana to lead its India business, filling a key position that had been vacant since Sanjay Gupta’s promotion to Asia-Pacific president in July. Lobana, who was vice president of advertising technology at Google, takes over as the company pushes its AI products in India amid intensifying competition in the digital market….
Late last year, Gou Rao and Vinod Jayaraman founded NeuBird to automate IT site reliability operations tasks with generative AI. Having sold their previous cloud-native storage startup, Portworx, to PureStorage for $370 million, the pair was well-versed in the IT challenges faced by today’s enterprises. “It’s very hard to find good site reliability engineers. There’s…
Supply chain software giant Blue Yonder says it is investigating claims of data theft after a ransomware gang threatened to publish troves of data stolen from the company. Arizona-based Blue Yonder, which provides supply chain management software to thousands of organizations including DHL, Starbucks and Walgreens, was hit by a cyberattack on November 21. The…
GitLab, the popular developer and security platform, and AWS, the popular cloud computing and AI service, today announced that they have teamed up to combine GitLab’s Duo AI assistant with Amazon’s Q autonomous agents. The goal here, the two companies say, is to accelerate software innovation and developer productivity, and unlike so many partnerships in…
Intel’s newly departed CEO Pat Gelsinger could be walking away with more than $10 million in severance pay. As per a filing with the Securities and Exchange Commission (SEC) today, Intel and Gelsinger entered into a “retirement and separation agreement” which will entitle the former CEO to a payment equal to 18 months of his…
Slowly but surely, Amazon’s AWS cloud computing unit has become a major player in the call/contact center space with its Amazon Connect cloud-based (and AI-centric) contact center service, which launched back in 2017. Today, companies like Air Canada, Dish Network and U.S. Bank use the platform for their customer service needs. At its annual re:Invent…
As large enterprises grapple with how to incorporate AI into their platforms and processes, they have encountered a problem: Generative AI needs to have memory and its training data must be constantly updated for it to have any practical use. This area is now called ‘Live AI’ and a number of startups are working in…
Brightcove, a cloud platform that helps businesses manage and monetize video content, is being taken private by Italian technology company Bending Spoons in an all-cash deal valued at $233 million. The transaction prices Brightcove at $4.45 per share, translating to a 90% premium on its 60-day average. Founded in 2004, Brightcove develops tools and services…
Last-mile delivery, the very last step of the delivery process, is a common pain point for companies. According to one survey, nearly 90% of retailers struggle with their last-mile delivery operations, either because of technical issues, costs, or a combination of both. Bill and Lisa Catania understand this well. The husband-and-wife team founded OneRail, a…