An IBM executive said the company's steady and practical approach to quantum computing will win out over the bluster that's emerging from multiple vendors.
Alibaba's cloud revenue in the second quarter surged 34% driven by AI workloads. Alibaba's cloud revenue is on an annual revenue run rate is more than $22 billion.
Zoom reported better-than-expected third quarter results as the company gained wallet share and grew the number of customers contributing more than $100,000 in trailing 12 month revenue.
Amazon said it will invest $50 billion to build and deploy AI and high performance computing infrastructure built for the US government.
Under a multi-million dollar contract with NATO's Communication and Information Agency (NCIA), Google will deliver sovereign cloud services to NATO for edge computing and AI use cases.
Large language models are at an interesting juncture. LLM breakthroughs have slowed and there are questions about whether they will lead to artificial general intelligence. Coupled with concerns about an AI infrastructure bubble LLMs are going to be closely watched--especially since they're the key ingredient of agentic AI.
IBM and Cisco said they will build a connected network of quantum computers that will look to scale to hundreds of thousands of qubits.
Nvidia CEO Jensen Huang said, "Blackwell sales are off the charts, and cloud GPUs are sold out" and that the "AI ecosystem is scaling fast — with more new foundation model makers, more AI startups, across more industries, and in more countries."
Palo Alto Networks reported better-than-expected first quarter results and said the company landed total platform customers. Palo Alto Networks also said it will acquire Chronosphere, an observability platform, for $3.35 billion.
Target's comeback plan revolves around improving customer experience, plowing more money into capital expenditures and technology partnerships with the likes of OpenAI.
Adobe said it will acquire Semrush in a deal valued at $1.9 billion as the company plans to meld search engine optimization and generative engine optimization in its marketing stack.
Workday said it will acquire Pipedream, an integration platform for AI agents that features more than 3,000 pre-built connectors.
