IBM CEO Arvind Krishna said, "our book of business for watsonx and generative AI roughly doubled from the third to the fourth quarter."
ServiceNow reported better-than-expected fourth quarter results, delivered revenue growth of 26% and said it landed more than 168 deals with annual contract value topping $1 million.
SAP plans to restructure and cut 8,000 positions as it focuses on artificial intelligence and uses the technology to become more efficient. SAP said it expects to add back new roles and exit 2024 with headcount at similar levels.
Verizon said large enterprises are building out private 5G networks for connectivity and edge computing use cases.
Oracle said its generative AI managed service on Oracle Cloud Infrastructure (OCI) is generally available and the enterprise software giant said it plans to infuse it throughout its database and application offerings.
Confidence in the global supply chain's continuity and resilience is waning and it's a topic we're likely to hear more about as companies report fourth quarter earnings in the weeks ahead due to geopolitical and climate disruptions. Get ready for another supply chain transformation investment cycle.
Supermicro said its second quarter results will be stronger than expected as demand for its AI, cloud and storage rack systems surged.
OpenAI has inked its first partnership with Arizona State University in an effort to bring ChatGPT Enterprise to courses, tutoring and research.
Smartphones are increasingly about foundational models, generative AI features and the ability to leverage AI locally. The latest example is Samsung's Galaxy S24 launch, which also served as a showcase for Google's Gemini Pro and Imagen 2 on Vertex AI.
Honeywell said that the funding round was led by JPMorgan Chase with participation from Mitsui & Co., Amgen and Honeywell.
Hitachi Vantara has named Octavian Tanase as chief product officer effectively immediately. Tanase will report to Hitachi Vantara CEO Sheila Rohra.
When it comes to artificial intelligence and generative AI enterprises are still weighing options, trying to scale pilots and balance short-term returns and efficiency with long-term business transformation. These businesses are also wrestling with generative AI hype vs. reality.
