A flurry of earnings results this week proved once again that artificial intelligence is driving big gains among enterprise technology providers.
Amazon, Qualcomm, Supermicro and others saw improved earnings as companies continued to invest in at least widespread experimentation with generative AI models. However, other companies such as Advanced Micro Devices and AI server provider Supermicro disappointed investors by not providing higher guidance for the coming quarters. Only in this age of AI craze, his 200% revenue increase for Super Micro is not enough.
However, investment in AI doesn't seem to be slowing down. CoreWeave raised even more funding at an impressive valuation, but what do you expect from a company like Pure AI Cloud? And MongoDB doubled down this week with a flurry of generative AI announcements.
On the other hand, technologies that reduce hallucinations and other problems with generative AI models are becoming increasingly targeted by regulators and the media, making them now venture and market opportunities and industry priorities.
And, in a bit of a head-scratcher, a National Labor Relations Board judge found Andy Jassy guilty of violating labor law for his rather mild-looking comments about unions.
There will be an explosion of cybersecurity news next week as we approach the RSA conference, which starts on Monday. We have already started a special coverage section that will run during and after the event.
This and other news will be further discussed on John Farrier and Dave Bellante's weekly podcast, theCUBE Pod, released this afternoon on YouTube. Also, don't miss Breaking Analysis, Bellante's weekly in-depth analysis, coming this weekend.
This week, we round up SiliconANGLE and other important technology stories.
Cyberbeat: It's time for RSA
Looking ahead to the RSA conference, the cube And SiliconANGLE covers all the news on-site in San Francisco (*Disclosure: RSA sponsors coverage from theCUBE on the show floor, and analysts at theCUBE Research provide unsponsored analysis. SiliconANGLE's coverage is not sponsored.
Dave Vellante and Erik Bradley look at the current state of cyber investing and what's next for RSA. Security budgets are increasing, but so is vendor sprawl.
Advice from Dan Schiappa, Arctic Wolf Chief Product Officer: What you need to know about AI at this year's RSA conference
More cyber news ahead of the event:
money is important
Wiz's deal to acquire Lacework collapses (from Calcalist)
Secure Browser Island raises $175 million, doubles valuation to $3 billion
Network security startup Corelight wins $150 million
Citigroup's VC division Invest AppDynamics co-founder Jyoti Bansal at API security startup Traceable
Oasis Security commits another $35 million to protect non-human identities
StrongDM raises $34M to power Zero Trust privileged access management
Trust center platform startup SafeBase raises $33 million to develop platform
SIEM startup RunReveal invests $2.5 million to reduce false positives in cybersecurity
A sample of new services announced ahead of RSA oversupply:
Google launches 1B passkey authentication and new security updates
Microsoft rolls out passkey support for all consumer accounts
CalypsoAI uses customizable security scanners to enhance moderation of generated AI chatbots
Palo Alto Networks Introduces Prisma SASE 3.0 to Enhance Device Security
Menlo Security enters cybersecurity partnership with Google Cloud
Check out the rest of our cybersecurity coverage this week. SiliconANGLE's Cybersecurity Page. And on Monday, we'll have a special RSA conference coverage section with pre-event trends and analysis, as well as news coverage from throughout the week.
AI and data news
MongoDB comes to New York with new service
Content concerns and solutions
US newspaper group sues OpenAI and Microsoft for copyright infringement
OpenAI signs content license agreement with Financial Times
NIST announces new effort to develop systems that can detect AI-generated content
Galileo debuts protective hallucinatory firewall as AI model accuracy becomes more important
funds
CoreWeave raises $1.1 billion at $19 billion valuation to grow GPU cloud
AI chip startup Blaize receives $106 million in new funding
Brazilian data and AI consultancy Indicium raises $40 million for U.S. expansion
Lamini raises $25 million for AI development and inference platform
New models and AI services
Anthropic introduces Team subscription tier for iOS app Claude 3
Oracle expands vector support in latest cloud database release
Amazon launches Q AI Assistant along with AI app generator
DataRobot introduces observability with real-time intervention capabilities for generative AI
GitHub uses Copilot Workspace to improve your generative AI coding experience
Salesforce rolls out data updates and AI infrastructure improvements for Tableau platform
Informatica insights from Rob Strechay and George Gilbert: AI-powered metadata: Informatica's role in the future of data management
This is just a sampling of the news, so check back for more AI and data news this week. AI news page and our Big data news page.
around the company
Another busy earnings week led by Amazon and Apple.
Amazon stock gradually rises as cost-cutting measures and AI investment boost AWS profits
AMD stock falls as revised AI revenue outlook falls below expectations
AI server maker Super Micro's 200% revenue increase wasn't enough for investors as stock price fell
Apple stock rises on record $110 billion stock buyback plan as profits beat expectations
Qualcomm stock rises as new generative AI capabilities boost sales of premium smartphones
Samsung boosts profits by nearly 10x on demand for AI chips
NXP stock rises after better-than-expected first-quarter profit
Cloudflare stock price falls sharply due to weak earnings outlook
Informatica CEO sees no slowdown in cloud growth
F5 stock falls more than 9% after disappointing earnings outlook
Commvault's fourth quarter revenue increased 10% due to subscription growth
Fastly shocks investors with weak guidance, shares plunge after hours
Freshworks appoints new CEO, stock price plummets due to revised earnings forecast
SolarWinds stock rises more than 4% after better-than-expected profits
Tenable Q1 income Exceeded expectations, but forecasts are inadequate
Fortinet stock rises 4th quarter earningsrevenue and billing exceed
five nine report Recorded first quarter revenue and signed largest contract to date.After-hours stock price rose 6%
Block stocks soar after better-than-expected first quarter result — and the company plans to invest 10% of its Bitcoin-related revenue into Bitcoin each month. Let's see how it works.
coinbase report First-quarter sales outweigh surging profits as Bitcoin rises
CyberArk stock falls despite the first quarter income I broke the guidance and pulled up.
Other important news
Google cuts at least 200 employees from development teams in latest round of layoffs
Zeus Kerravala takes a closer look at Extreme Networks. 5 thoughts from Extreme Networks' Connect user conference
Microsoft makes $2.2 billion AI and cloud investment in Malaysia as it expands in Asia
Under the radar, but that's a lot of money for quantum computing. PsiQuantum raises $617 million from Australian government
Elsewhere in technology
Binance founder CZ sentenced to 4 months in prison for failing to implement anti-money laundering measures
EU launches meta-investigation into response to disinformation on Facebook and Instagram
Ford under investigation in US over fatal self-driving car accident
Securitize raises $47 million to tokenize real-world assets on blockchain
Hmm…I can't say I'm a fan of Amazon's labor relations, but this seems like a bit of a stretch. Amazon CEO Andy Jassy violates federal labor law with anti-union comments
what's next
A busy week of events from theCUBE and SiliconANGLE:
What to expect at Red Hat Summit: Join us May 6-8 at theCUBE We then detail Red Hat's strategy ahead of the event. Red Vision: How Red Hat is leveraging the growth of AI, Kubernetes, OpenShift, and key cloud partnerships
What to expect during the RSA Conference: Join us May 6-9 on theCUBE
What to expect during Boomi World: Join us May 8-9 at theCUBE
Image: SiliconANGLE/Google Gemini
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