Alphabet shows Q1 strength in Google Cloud, initiates dividend
Alphabet's Google Cloud business is now pushing a $40 billion annual revenue run rate as the company overall delivered strong first quarter results.
Alphabet's Google Cloud business is now pushing a $40 billion annual revenue run rate as the company overall delivered strong first quarter results.
Microsoft reported a strong third quarter with revenue growth was 17% with Microsoft Cloud revenue up 23% from a year ago. Azure and other cloud services revenue growth was 31% driven by AI services.
Rubrik, an enterprise backup and recovery company, has filed for an initial public offering in a move that indicates a new batch of security vendors are likely to hit the market as companies prep their post-breach strategies.
As long as the ad revenue continues to flow into Meta properties such as Facebook and Instagram, CEO Mark Zuckerberg is going to invest aggressively in an AI buildout. "I think it makes sense to go for it," he said.
The Moderna example is an illustration of how OpenAI is scaling its enterprise efforts beyond the reach it has with Microsoft.
The ability to import custom models and evaluate them plays into the broader themes of generative AI choice and orchestration. AWS' Bedrock bet is that enterprises will use multiple models and need a neutral platform to orchestrate them.
Verizon CEO Hans Vestberg is splitting the telecom giant's AI use cases in three buckets: Optimizing processes, product experiences and revenue growth.
Generative AI use cases are proliferating in financial services to illustrate a trend that's a bit counterintuitive--heavily regulated industries appear to be better set up for artificial intelligence because they have their data and controls in order.
CxOs are betting that the Return on Transformation Investments (RTI) with AI will come from efficiency, revenue and growth, compliance and risk and proactive monitoring.
Foundational model debates--large language models, small language models, orchestration, enterprise data and choices--are surfacing in ongoing enterprise buyer discussions. The challenge: You may need a crystal ball and architecture savvy to avoid previous mistakes such as lock-in.
Anthropic CEO Dario Amodei said large language model personality is starting to matter, argued costs to train models will come down and agents that act autonomously will need more scale and reliability.
Amazon CEO Andy Jassy said AWS is underway building "primitive services," or discrete building blocks, for generative AI and that approach will ensure customers bring more workloads to the cloud service.