Salesforce Posts Strong Revenue With Promise of AI Boost
3 months, 4 weeks ago

Salesforce Posts Strong Revenue With Promise of AI Boost

Live Mint  

-- Salesforce Inc. reported quarterly revenue that topped analysts’ estimates, boosting investor hopes that the company’s much-hyped strategy for artificial intelligence products will lift financial results. Adjusted operating margin, a measure of profitability, was 33.1%, compared with an average estimate of 32.2% Salesforce, the top seller of customer relations management software, pivoted its AI strategy this year to focus on tools called agents, which are designed to complete tasks such as customer support or sales development without human supervision. Sales growth in Salesforce’s large acquired divisions — Slack, Mulesoft, and Tableau — dipped in the fiscal third quarter, the company said in a presentation. The company’s Commerce Cloud product has seen increased competition from Canadian software vendor Shopify Inc., which says it has taken hundreds of Salesforce clients.

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Nvidia sales surge in the fourth quarter on demand for AI chips
1 month ago

Nvidia sales surge in the fourth quarter on demand for AI chips

The Hindu  

Nvidia on Wednesday reported a surge in fourth-quarter profit and sales as demand for its specialised Blackwell chips, which power artificial intelligence systems, continued to grow, sending the company's stock higher after hours. “Demand for Blackwell is amazing as reasoning AI adds another scaling law — increasing compute for training makes models smarter and increasing compute for long thinking makes …

Nvidia sales surge in the fourth quarter on demand for AI chips
Trending News
1 month ago

Nvidia sales surge in the fourth quarter on demand for AI chips

Associated Press  

LOS ANGELES — Nvidia on Wednesday reported a surge in fourth-quarter profit and sales as demand for its specialized Blackwell chips which power artificial intelligence systems continued to grow. “Demand for Blackwell is amazing as reasoning AI adds another scaling law — increasing compute for training makes models smarter and increasing compute for long thinking makes the answer smarter,” Nvidia …

Alibaba to invest over $53 billion in AI over next 3 years in response to Trump's Stargate
1 month, 1 week ago

Alibaba to invest over $53 billion in AI over next 3 years in response to Trump's Stargate

Firstpost  

Alibaba’s cloud business has been seeing steady growth, with revenue climbing 13 per cent year-over-year to $4.35 billion in the last quarter. AI-related product revenue has surged for six consecutive quarters, recording triple-digit growth Alibaba has been experiencing a rapid surge in demand for AI-powered solutions, with Wu revealing that since the Chinese New Year, approximately 60-70% of new demand …

Alibaba to invest over $53 billion in AI over next 3 years in response to Trump's Stargate
1 month, 1 week ago

Alibaba to invest over $53 billion in AI over next 3 years in response to Trump's Stargate

Firstpost  

Alibaba’s cloud business has been seeing steady growth, with revenue climbing 13 per cent year-over-year to $4.35 billion in the last quarter. AI-related product revenue has surged for six consecutive quarters, recording triple-digit growth Alibaba has been experiencing a rapid surge in demand for AI-powered solutions, with Wu revealing that since the Chinese New Year, approximately 60-70% of new demand …

Salesforce Is a Dark Horse in the AI Race
2 months, 3 weeks ago

Salesforce Is a Dark Horse in the AI Race

Live Mint  

-- In the frothy business of selling artificial intelligence service, Salesforce Inc. has been punching above its own weight. You can attribute this feistiness to Marc Benioff, the larger-than-life chief executive officer of Salesforce whose maverick strategies helped him spearhead the software-as-a-service revolution, and grabbed him a client base that includes 90% of Fortune 500 companies, including Walt Disney Co. …

Broadcom’s AI success won’t all come at Nvidia’s expense
3 months, 2 weeks ago

Broadcom’s AI success won’t all come at Nvidia’s expense

Live Mint  

There’s a new trillion-dollar AI chip maker in town. Broadcom’s fiscal fourth-quarter report last week included a long-term forecast for its artificial-intelligence business that has lighted up its stock price and pushed the company’s market capitalization past $1 trillion. It also appears to have done the opposite for Nvidia: The AI chip titan’s stock has shed about 4% over the …

Salesforce shares surge 11% to hit record high after AI boom fuels Q3 earnings; stock up 26% YTD
3 months, 4 weeks ago

Salesforce shares surge 11% to hit record high after AI boom fuels Q3 earnings; stock up 26% YTD

Live Mint  

Salesforce Inc. shares hit a record high on Wednesday, December 4, after the customer relationship management software maker reported better-than-expected quarterly revenue, boosting hopes for the much-hyped artificial intelligence strategy. Salesforce hit a record high of $368.7, up 11 per cent in early morning trading and is set to add more than $35 billion to its market valuation of $316.85 …

Amazon reports boost in quarterly profits, exceeds revenue estimates as it invests in AI
5 months ago

Amazon reports boost in quarterly profits, exceeds revenue estimates as it invests in AI

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Accenture unveils $4 billion share buyback, lifts 2025 revenue guidance by 3-6% on AI-led order boom
6 months ago

Accenture unveils $4 billion share buyback, lifts 2025 revenue guidance by 3-6% on AI-led order boom

Live Mint  

Accenture unveiled a $4.0 billion share buyback and reported better-than-expected fourth-quarter revenue driven by a high demand from companies looking to adopt generative artificial intelligence technology. Accenture hiked its annual revenue growth forecast to 3-6 per cent for 2025 after improving macroeconomic indicators and the US Federal Reserve's latest supersized interest rate cut. The Dublin-based company reported fourth-quarter revenue of …

Nvidia is Wall Street’s 2nd-most valuable company. How it keeps beating expectations, by the numbers
7 months ago

Nvidia is Wall Street’s 2nd-most valuable company. How it keeps beating expectations, by the numbers

Associated Press  

Nvidia has once again turned out quarterly results that easily exceeded Wall Street’s forecast s. The company has seen soaring demand for its semiconductors, which are used to power artificial intelligence applications. $26.3 billion Nvidia’s revenue from its data center business for the quarter ended July 31, up 154% from a year ago. $32.5 billion Nvidia’s estimate for overall revenue …

Salesforce beats second-quarter estimates on steady cloud demand
7 months ago

Salesforce beats second-quarter estimates on steady cloud demand

Live Mint  

- Salesforce beat Wall Street expectations for second-quarter revenue and profit on Wednesday, as the business software giant benefited from higher spending on its enterprise cloud products. The company's results reflect that client spending on its suite of cloud products is picking up as the software-as-a-service pioneer battles stiff competition from rising industry players like ServiceNow. The company expects third-quarter …

Sales set to double for chip giant Nvidia as AI frenzy persists
7 months, 1 week ago

Sales set to double for chip giant Nvidia as AI frenzy persists

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The chip firm, which is currently the world’s second …

Amazon reports boost in quarterly profits but misses revenue estimates
7 months, 4 weeks ago

Amazon reports boost in quarterly profits but misses revenue estimates

The Hindu  

Amazon reported a boost in its quarterly profits Thursday, but the company missed revenue estimates, sending its stock lower in after-hours trading. Amazon also said it expects revenue for the current quarter, which ends September 30, to be between $154 billion and $158.5 billion — lower than the $158.22 billion forecast by analysts. The company said Thursday that Amazon Web …

Amazon reports boost in quarterly profits but misses revenue estimates
8 months ago

Amazon reports boost in quarterly profits but misses revenue estimates

Associated Press  

Amazon reported a boost in its quarterly profits Thursday, but the company missed revenue estimates, sending its stock lower in after-hours trading. Amazon also said it expects revenue for the current quarter, which ends Sept. 30, to be between $154 billion and $158.5 billion — lower than the $158.22 billion forecast by analysts. The company said Thursday that Amazon Web …

Samsung expects profits to jump nearly 15-fold thanks to AI boom
8 months, 3 weeks ago

Samsung expects profits to jump nearly 15-fold thanks to AI boom

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Samsung expects its profits for …

Nvidia’s profit soars, underscoring its dominance in chips for artificial intelligence
10 months, 1 week ago

Nvidia’s profit soars, underscoring its dominance in chips for artificial intelligence

Associated Press  

SAN FRANCISCO — Nvidia on Wednesday overshot Wall Street estimates as its profit skyrocketed, bolstered by the chipmaking dominance that has made the company an icon of the artificial intelligence boom. Huang predicted that the companies snapping up Nvidia chips will use them to build a new type of data centers he called “AI factories” designed to produce “a new …

Microsoft, Google post double-digit profit rises, boosting case for AI
11 months, 1 week ago

Microsoft, Google post double-digit profit rises, boosting case for AI

Al Jazeera  

Google and Microsoft have reported double-digit profit increases, buttressing the case for the tech giants’ heavy investment in artificial intelligence. The quarterly results announced on Thursday by Google parent Alphabet and Microsoft came in ahead of expectations, sending their shares 11 percent and 4 percent higher, respectively, in after-market trades. Google chief Sundar Pichai said AI text-to-image model Gemini had …

Chipmaker Nvidia forecasts robust revenue on AI, metaverse buzz
3 years, 4 months ago

Chipmaker Nvidia forecasts robust revenue on AI, metaverse buzz

Al Jazeera  

The world’s biggest maker of graphics and AI chips expects fourth-quarter revenue to grow above analysts’ expectations. Nvidia Corp on Wednesday forecast fourth-quarter revenue above Wall Street expectations, betting on growth in its data centre business as more internet companies set out to invest in artificial intelligence and the metaverse. The world’s biggest maker of graphics and AI chips expects …

Google ads, cloud boost Alphabet Inc's profits to $15.2 billion in Q4 2020
4 years, 1 month ago

Google ads, cloud boost Alphabet Inc's profits to $15.2 billion in Q4 2020

Firstpost  

Google’s digital advertising empire is regaining the momentum it lost during the pandemic’s early stages as its YouTube video service matures into a major marketing magnet and other companies pour more into promotions aimed at cooped-up consumers with money to spend. The Mountain View, California, company also disclosed that a change to account for Google’s computer servers and other equipment …

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