IT industry & companies
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- IT industry & companies · Chips & hardware · Artificial intelligence
Colette Kress becomes interim Nvidia CEO
After Huang's resignation, CFO Colette Kress will serve as interim CEO. The board had faced mounting pressure beforehand.
Full story at Futurism ↗ - IT industry & companies · Cloud & data centers · Artificial intelligence
SoftBank posts a loss tied to AI bets
SoftBank reports a $7 billion loss for July to September, its first quarterly loss in two years. It had backstopped OpenAI with over $60 billion in debt financing.
Full story at Futurism ↗ - Chips & hardware · IT industry & companies
AMD plans an equity stake in PsiQuantum
AMD plans an equity investment in quantum computing company PsiQuantum, announced on Thursday, Nov. 12. They will co-design infrastructure for utility-scale quantum computers, and the amount was not disclosed.
Full story at Analytics Insight ↗ - Data & databases · IT industry & companies
Databricks plans a major investment in Europe and the Middle East
According to the headline, Databricks plans to invest $3B in Europe and the Middle East. The source gives no further details.
Full story at datanami.com ↗ - Artificial intelligence · IT industry & companies · Enterprise software
IDC study finds Frontier Firms earn more from AI
An IDC study commissioned by Microsoft, with more than 5,200 leaders, finds Frontier Firms report an average 4x return on AI versus 2.7x for slow adopters. Frontier Firms are the top 10% on IDC's AI maturity scale.
Full story at blogs.microsoft.com ↗
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