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Calling AI profound, Buffet said that the technology is like a "genie" — once it gets let out of the bottle, it could have disastrous effects. It's a question, he said, that has riddled the best economists for a century. Warren Buffett is the first to admit he doesn't know much about artificial intelligence. This rebound has led to questions from corporate executives about factors that could be at play, from AI to return-to-office mandates. "Every company is looking at AI and deciding where it will help them," he said during a recent interview on CNBC's "Money Movers."
Persons: Buffett, Buffet, Warren Buffett, it's, couldn't, John Maynard Keynes, Keynes, Gary Cohn, Cohn, Dev Ittycheria, Elon Musk, Mark Zuckerberg, Sam Altman, Robert Solow, Berkshire Hathaway Organizations: Apple, Berkshire Hathaway, Berkshire, IBM, National Economic, CNBC, Nvidia, McKinsey, Harvard Business Locations: Omaha, Berkshire
MongoDB unveils new AI program: Here's what to know
  + stars: | 2024-05-01 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMongoDB unveils new AI program: Here's what to knowDev Ittycheria, MongoDB CEO, joins 'Squawk Box' to discuss the company's new AI applications program, investing in the AI revolution,
Persons: MongoDB, Dev Ittycheria
AI-powered solutions need to incorporate real-time data into their responses to be the most useful, he added. "My life has not been transformed by AI," MongoDB CEO Dev Ittycheria said in an interview with TechCrunch. AdvertisementAI services will have to incorporate "real-time data" to make them transformative to the average person, Ittycheria said. "I think that's where we will start seeing much more sophisticated apps, where you can embed real-time data along with all the reasoning." Bill Gates has compared AI to seismic tech advancements like the invention of the PC or the internet.
Persons: it's, Dev Ittycheria, , Ittycheria, Bill Gates, Mark Zuckerberg Organizations: Service, TechCrunch
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMongoDB CEO Dev Ittycheria on Q2 results: Very please with how company is positioned for the futureMongoDB CEO Dev Ittycheria joins 'Squawk Box' to discuss the company's quarterly earnings results, growth outlook, and more.
Persons: Dev Ittycheria
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMongoDB Dev Ittycheria on how the AI boom could be impacted by rising ratesDev Ittycheria, MongoDB CEO, discusses whether the AI boom is a bubble or a real investment opportunity.
Persons: MongoDB Dev Ittycheria, Dev Ittycheria
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMongoDB CEO says there's a one-to-one correlation between growth and app usageMongoDB's CEO Dev Ittycheria joins 'Closing Bell Overtime' after the stock jumped more than 28% on a big earnings beat.
Persons: there's, Dev Ittycheria
Tech stocks close out first six-week rally since January 2020
  + stars: | 2023-06-02 | by ( Ari Levy | ) www.cnbc.com   time to read: +3 min
Tech stocks still haven't fully rebounded from a miserable 2022, but they're rewarding investors who saw the sell-off as too extreme. The Nasdaq Composite gained 2% this week, wrapping up the sixth-straight weekly rally for the tech-heavy index. Among the most-valuable Nasdaq companies, Tesla led the way, with an 11% increase for the week. In the cloud software corner of tech, some earnings reports are still providing a boost. The company on Thursday reported earnings and revenue that topped analysts' estimates and raised its guidance for fiscal 2024.
Persons: Joe Biden, Tesla, Danielle Shay, Dev Ittycheria, SentinelOne, David Bernhardt, PagerDuty, Howard Wilson Organizations: Nasdaq, U.S, Stocks, Nvidia, Dow Jones
Shares of MongoDB rose as much as 22% in extended trading Thursday after the database software maker issued blowout fiscal first-quarter earnings and lifted its full-year guidance. Earnings: 56 cents per share, adjusted, vs. 19 cents per share as expected by analysts, according to Refinitiv. During the quarter, MongoDB extended its partnership with Alibaba through 2027. Analysts surveyed by Refinitiv had been looking for 14 cents in adjusted earnings per share and $362 million in revenue. The guidance calls for $1.42 to $1.56 in adjusted earnings per share on $1.522 billion to $1.542 billion in revenue, which would imply 19.5% growth.
Persons: Dev Ittycheria, Ittycheria, MongoDB, Refinitiv Organizations: China Mobile, Oracle, Innovation, Alibaba, American Airlines Locations: Refinitiv, China
Google Cloud CEO Thomas Kurian, right, arrives on stage as Alphabet CEO Sundar Pichai exits during the Google Cloud Next event in San Francisco on April 9, 2019. Earlier this week, Alphabet said Google's cloud unit generated $191 million in operating profit, after losing a total of $4 billion in 2021 and 2022. Under Kurian's predecessor, VMware co-founder Diane Greene, critics said Google's cloud business hadn't matured enough to handle enterprises even as it was investing heavily to do so. The cloud division includes the Google Cloud Platform, which competes with Amazon Web Services and Microsoft Azure, and the Google Workspace productivity software bundle that goes head-to-head with Microsoft Office. Google Cloud technology chief Will Grannis said Kurian's commitment to improving the division's offerings was evident right away.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're seeing a lot of momentum from the hyperscalers, says MongoDB CEODev Ittycheria, MongoDB CEO, joins 'TechCheck' to discuss the difference between the company's second and third quarters, what's driving some of the company's recent momentum and how much of the its success can be applied to market peers.
Here's how the company did:Earnings: 23 cents per share, adjusted, vs. a loss of 17 cents per share as expected by analysts, according to Refinitiv. 23 cents per share, adjusted, vs. a loss of 17 cents per share as expected by analysts, according to Refinitiv. Revenue: $333.6 million, vs. $303.4 million as expected by analysts, according to Refinitiv. Its net loss widened to $84.8 million, compared with a net loss of $81.3 million in the year-ago quarter. Analysts polled by Refinitiv had expected an adjusted net loss of 31 cents per share on $1.21 billion in revenue.
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