Paul Gillin – SiliconANGLE

A close look at JPMorgan’s aggressive cloud migration

Paul Gillin — Sat, 27 Jul 2024 20:05:54 +0000

With 290,000 employees and operations in more than 100 countries, JPMorgan Chase & Co. is a vast and complex organization. But that hasn’t stopped the world’s largest bank from implementing an ambitious strategy to move most of its operations to the cloud. JPMorgan Chase isn’t inclined to shy away from big technology investments. The company […]

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Alphabet beats the Street but slowing ad growth drags on stock price

Paul Gillin — Tue, 23 Jul 2024 22:34:24 +0000

Google LLC reported a slowdown in advertising sales growth in the second quarter, triggering an after-hours selloff of its shares of about 1.5%. Parent Alphabet Inc. said Google generated $64.6 billion in ad sales in the quarter, up 11.1% from $58.14 billion in the same period last year. That was slightly ahead of analysts’ expectations […]

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SAP posts solid results and raises profit target for 2025

Paul Gillin — Tue, 23 Jul 2024 00:52:49 +0000

SAP SE posted second-quarter revenue and operating profit that beat analyst expectations and raised 2025 operating profit projections, sending the enterprise software maker’s stock up more than 4% after hours. Revenue rose to $9.02 billion from $8.22 billion in last year’s second quarter and beat analysts’ consensus forecast of $8.98 billion. Cloud and software revenue […]

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Gartner revises server spending forecast sharply upward as generative AI effect kicks in

Paul Gillin — Thu, 18 Jul 2024 19:26:11 +0000

Gartner Inc.’s latest worldwide information technology spending forecast predicts a 24.1% jump in spending on data center systems, more than double the 10% growth expected just three months ago and six times the actual growth of 4% last year — thanks to generative artificial intelligence. That’s according to John-David Lovelock (pictured), a distinguished vice president […]

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Red Hat enhances OpenShift with better support for diverse workloads

Paul Gillin — Tue, 16 Jul 2024 13:00:28 +0000

Red Hat Inc. today introduced enhanced and new features for its OpenShift version of the Kubernetes orchestrator for software containers, with a particular focus on handling diverse workloads. Red Hat OpenShift 4.16 is intended to provide consistent management of disparate workloads ranging from transaction-intensive uses to artificial intelligence model training and inferencing. The new version […]

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C3 debuts generative AI platform for government agencies

Paul Gillin — Mon, 15 Jul 2024 20:41:41 +0000

C3 AI Inc., a developer of artificial intelligence models customized to different industries and use cases, today announced C3 Generative AI for Government Programs, a generative AI application aimed at helping federal, state and local governments deliver information about government programs via a chat interface. The company cited overburdened and underfunded government call centers that can create […]

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Oracle offers shared Exadata-as-a-service at dramatically lower cost than for full instances

Paul Gillin — Thu, 11 Jul 2024 15:00:21 +0000

In a bid to attract more small business and department-level customers to its high-end Exadata Cloud service, Oracle Corp. today launched what it calls an “intelligent data architecture” that delivers high-speed query performance across multiple cloud instances at a cost significantly lower than that of its flagship Exadata service. Exadata Cloud is a high-powered database […]

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Where does eBay do most of its AI development? You might be surprised

Paul Gillin — Wed, 10 Jul 2024 21:50:46 +0000

For a company doing business in the cloud before the concept of cloud computing existed, eBay Inc. has taken a decidedly non-cloud-centric approach to artificial intelligence training and deployment. Though the company bursts out to use public cloud resources during seasonal peaks, the bulk of its AI work happens in its own data centers. That […]

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Alluxio says it can achieve 97% GPU utilization across a distributed filesystem

Paul Gillin — Tue, 09 Jul 2024 12:00:18 +0000

Alluxio Inc., which sells a high-performance open-source distributed filesystem, announced a set of enhancements that optimize the use of costly graphic processing units along with performance improvements that make its storage performance competitive with storage subsystems optimized for high-performance computing. Alluxio Enterprise AI Version 3.2 also adds a Python interface and improved cache management features. […]

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Betamax blues: Hudi edging toward ‘also ran’ status in the data platform race

Paul Gillin — Fri, 05 Jul 2024 16:27:14 +0000

In announcing its Polaris Catalog last month, Snowflake Inc. Executive Vice President Christian Kleinerman said the product “extends Snowflake’s commitment to Apache Iceberg as the open standard of choice.” Statements like that raise the hackles of Apache Hudi adherents. They maintain their preferred open table format — whose name stands for Hadoop Upserts, Deletes and […]

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Managed PostgreSQL service provider Tembo raises $14M

Paul Gillin — Wed, 03 Jul 2024 18:48:28 +0000

Tembo Data Systems Inc., operator of a PostgreSQL managed service, today said it closed a $14 million Series A funding round that brings its total financing to $20.5 million. The company says it’s developer-focused, meaning it wants to simplify the task of installing and managing PostgreSQL as well as the more than 200 extensions in […]

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Innatera books $21M in funding for its ultra-low-power AI chips

Paul Gillin — Thu, 27 Jun 2024 13:00:47 +0000

Netherlands-based microprocessor maker Innatera Nanosystems B.V. said it closed an oversubscribed $21 million Series A funding round, which included a $16 million investment the company announced in March and an additional $5 million from new investors. The company’s Spiking Neural Processor T1, unveiled in January, is an energy-efficient artificial intelligence chip for sensor-edge applications. It […]

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SingleStore adds Iceberg support and speedier vector search

Paul Gillin — Wed, 26 Jun 2024 17:00:53 +0000

SingleStore Inc., developer of a real-time database platform that performs both transactional and analytical operations in the same engine, today announced native integration with the Apache Iceberg open-source table format and advanced search and scaling capabilities. Apache Iceberg is rapidly emerging as one of the most popular formats for storing diverse datasets. It provides transactional […]

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Open lakehouse provider Onehouse lands $35M funding round

Paul Gillin — Wed, 26 Jun 2024 16:00:52 +0000

Managed data lakehouse company Onehouse Inc. said today it has raised $35 million in a Series B funding, bringing its total funding to date to $68 million. It also launched two new products to increase lakehouse performance and reduce cloud storage and processing costs. The company sells a data lakehouse as a managed service based […]

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Oracle HeatWave database gets host of generative AI features

Paul Gillin — Wed, 26 Jun 2024 15:00:47 +0000

Continuing its Swiss Army knife strategy with its managed MySQL database service called Heatwave, Oracle Corp. today is endowing the product with generative artificial intelligence capabilities. They include in-database large language models, automated in-database vector store, scale-out vector processing, the ability to query in natural language, and tools that enable customers to build their own […]

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No-code developer Creatio achieves unicorn status with $200M investment

Paul Gillin — Wed, 26 Jun 2024 12:00:56 +0000

No-code platform developer Creatio Inc. today said it has raised $200 million in a funding round that values the company at $1.2 billion, bringing the total amount raised by the Boston-based firm to $268 million. Creatio’s platform is principally used to automate workflows in customer relationship management scenarios. Founded in 2015, it employs 700 people […]

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VMware simplifies product portfolio around Cloud Foundation and vSphere Foundation

Paul Gillin — Tue, 25 Jun 2024 13:00:56 +0000

Vowing to simplify management of a collection of point products, Broadcom Inc. today announced updates to its VMware Cloud Foundation private cloud platform that integrate networking, storage and management functions more tightly. The company also announced a new release of the vSphere hypervisor aimed at customers that want basic virtualization technology. Cloud Foundation combines computing, networking, […]

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EchoMark says it has the definitive answer to data exfiltration

Paul Gillin — Fri, 21 Jun 2024 00:16:58 +0000

EchoMark Inc., a Seattle startup focused on protecting private information, is launching a software-as-a-service offering that uses forensic watermarking to prevent the unauthorized disclosure of internal communications. SecureView protects against information leaks caused by such hard-to-track elements as email attachments, downloads, image captures and untraceable emails, the company says. It allows for the trusted sharing and […]

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Oracle Autonomous Database is now an Azure service

Paul Gillin — Thu, 20 Jun 2024 19:22:31 +0000

Oracle Corp. is tightening its partnership with Microsoft Corp. with today’s announcement that Oracle’s Autonomous Database is now generally available on the Oracle Database@Azure comingled cloud service. The Oracle Autonomous Database is a fully automated and managed database-as-a-service. Initially available as a private offer in the Azure East U.S. region with deployment to 14 other regions to […]

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Pure Storage adds AI features to improve performance and detect attacks

Paul Gillin — Wed, 19 Jun 2024 13:00:38 +0000

Pure Storage Inc. is playing its artificial intelligence hand this week with a clutch of announcements aimed at simplifying AI training and inferencing as well as applying machine learning to help customers better unravel storage conundrums. The new Evergreen//One offering for AI is billed as the first purpose-built AI storage as-a-service. It provides guaranteed storage […]

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HPE, Nvidia partner on scalable hardware platform for AI development

Paul Gillin — Tue, 18 Jun 2024 16:30:18 +0000

Hewlett Packard Enterprise Co. is the latest systems maker to join the Nvidia Corp. express with today’s announcement of a lineup of co-developed systems optimized for artificial intelligence and joint sales and marketing integrations aimed at generative AI. During its HPE Discover conference starting today in Las Vegas, the company said the packaged systems can […]

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LogicMonitor says new AI assistant can reduce IT operations alerts by 95%

Paul Gillin — Tue, 18 Jun 2024 13:00:06 +0000

Venerable observability vendor LogicMonitor Inc. today introduced a generative artificial intelligence copilot tuned for use by information technology operations staff. The company said Edwin AI (pictured) is aimed at reducing alert fatigue, diagnosing incidents more quickly, lowering resolution times and simplifying complex observability issues. It was built from the ground up and is not based on […]

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Surprise: Google tops Forrester’s first ranking of AI foundation models

Paul Gillin — Sat, 15 Jun 2024 00:23:47 +0000

Forrester Research Inc. just released its first Wave ranking of artificial intelligence foundation models, and the findings might raise some eyebrows. The research firm rated Google LLC as the leader in the category by a substantial margin, with Databricks Inc., Nvidia Corp., IBM Corp. and OpenAI LLC listed as “strong performers.” Google earned the top spot […]

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Startup claims it can automate 80% of software development with generative AI

Paul Gillin — Thu, 13 Jun 2024 12:00:52 +0000

A five-person startup based in Paris and San Francisco is emerging today with the audacious claim of being able to create enterprise-grade software with generative artificial intelligence entirely from natural language descriptions, slashing development times by 80% in the process. Shreds.AI is self-funded and unknown, but nothing is modest about its ambitions. It wants to […]

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Databricks broadly boosts support for AI model training

Paul Gillin — Wed, 12 Jun 2024 13:00:29 +0000

Databricks Inc. today announced several enhancements to its Mosaic AI toolset for building and deploying artificial intelligence models that specifically target generative AI applications. The improvements, announced at the company’s Data + AI Summit in San Francisco, are aimed at better supporting compound AI systems, or those that involve several interacting components, as well as […]

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Pegasystems expands generative AI to process design and user training

Paul Gillin — Mon, 10 Jun 2024 15:30:21 +0000

Low-code workflow automation provider Pegasystems Inc. today is using its PegaWorld iNspire conference in Las Vegas to roll out enhancements to its Pega GenAI Blueprint application design-as-a-service tool and introduce an overhauled approach to training that uses generative artificial intelligence to simulate individual tutoring. Pega has already incorporated generative AI into several of its products. Its […]

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Study finds fears of post-Broadcom VMware customer flight may be overblown

Paul Gillin — Thu, 06 Jun 2024 20:44:02 +0000

Forecasts of mass abandonment of VMware Inc. customer defections to other virtualization technology providers in the wake of Broadcom Inc.’s $61 billion acquisition of the virtualization giant may be overblown, according to a study released today by CloudBolt Software Inc. in partnership with Amazon Web Services Inc. CloudBolt surveyed 300 information technology executives with responsibility […]

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How some enterprises have licked the AI data problem

Paul Gillin — Wed, 05 Jun 2024 13:34:38 +0000

Thomson Reuters Corp. is betting big on generative artificial intelligence, and it has the data foundation in place to do so. The global provider of professional information for the legal, accounting, government and media industries announced last November that it plans to invest more than $100 million in generative AI and fold the technology into […]

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Databricks acquires Tabular in a big move to close the compatibility gap with Apache Iceberg

Paul Gillin — Tue, 04 Jun 2024 20:45:05 +0000

Databricks Inc. today agreed to acquire Tabular Technologies Inc., developer of a universal storage platform based on the Apache Iceberg standard. The move signals stepped-up efforts by Databricks to bridge the compatibility gap between its Delta Lake storage format and Iceberg. Terms weren’t announced, but Databricks Chief Executive Ali Ghodsi (pictured) told CNBC the price tag was more […]

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Neo4j integrates dozens of graph analytics functions with data in Snowflake

Paul Gillin — Tue, 04 Jun 2024 19:00:12 +0000

Graph database vendor Neo4j Inc. is teaming up with Snowflake Inc. to make a library of Neo4j’s graph analytics functions available in the Snowflake cloud. The deal announced today allows users to access more than 65 graph algorithms using SQL without moving data out of the Snowflake environment. The algorithms cover a variety of common […]

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