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☆ Amazon's cloud margin widens on accelerating revenue growth
▼ + stars: | 2024-04-30 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Adam Selipsky, CEO of Amazon Web Services, speaks during the Bloomberg Technology Summit in San Francisco on June 22, 2023. Revenue from Amazon Web Services came out to $25.04 billion, according to the company's earnings statement. The growth marked a step up from the 13% increase Amazon reported for AWS in the fourth quarter. Analysts polled by StreetAccount had expected $7.52 billion in AWS operating income. The AWS operating margin widened to 37.6%, the widest at least since 2014.

Persons: Adam Selipsky, StreetAccount, Gartner, Axios, Anthropic, CFRA's Zino Organizations: Amazon Web Services, Bloomberg Technology Summit, Amazon, Revenue, AWS, Google, Microsoft Locations: San Francisco

☆ I visited the ExploreAI summit in Singapore. Here's how AI is helping businesses solve real-world problems.
▼ + stars: | 2024-03-14 | by ( Sponsor Post | ) www.businessinsider.com time to read: +7 min

I attended the ExploreAI summit on January 29, which marked the successful conclusion of the AI Trailblazers initiative. Minister Josephine revealed AI Trailblazers 2.0 to advance Singapore's National AI Strategy 2.0 and deepen AI use across Singapore. The event marked the successful conclusion of the AI Trailblazers initiative — an effort to help Singapore-based organizations develop 100 generative AI (GenAI) solutions over 100 days. Minister Teo announced plans to build on the success of the first AI Trailblazers program with AI Trailblazers 2.0. This collaboration between AI Trailblazers and Google exemplifies Singapore's dedication to using AI for the betterment of everyone, from residents to businesses.

Persons: Josephine, Kris LeBoutillier, he's, I'm, Mark Micallef, John Ang, Temus, Ang, Tan, Keow, —, Long Yin, What's, Josephine Teo, Teo Organizations: Google Asia Pacific, Singapore's Ministry of Communications, Information, MCI, Digital Industry Singapore, Smart Nation Group, Enterprise Singapore, Google, Southeast, of Information Technology, Nanyang Polytechnic, People's Association, AI, Ministry of Communications, Insider Studios, Singapore Economic Development Board Locations: Singapore, Asia, ExploreAI, Southeast Asia, Temus

☆ Alabama state and city governments grapple with pair of cyber incidents
▼ + stars: | 2024-03-13 | by ( Sean Lyngaas | Isabel Rosales | ) edition.cnn.com time to read: +4 min

There was no breach of government networks or data stolen in the cyberattack, according to the office of Republican Gov. “We’ve seen waves of attacks against numerous targets, including the State of Alabama,” Richard Hummel, senior threat intelligence manager at cybersecurity firm Netscout, told CNN. The attacks against Alabama government websites typically lasted five to 10 minutes, Hummel said. More than 2,200 US hospitals, schools and governments were “directly impacted” by ransomware last year, according to a tally from cybersecurity firm Emsisoft. DDoS attacks can also cause disruptions to the local communities that rely on school, hospital and election websites for information, Hummel said.

Persons: ”, Jeremy Ward, Kay Ivey, Sergeant LaQuitta Wade, Gerald Auger, ” Auger, “ You’re, “, ” Richard Hummel, Netscout, Hummel, ransomware Organizations: Washington, Atlanta CNN, Alabama’s, Information Technology, CNN, Republican Gov, Public, Birmingham Police Department, Public Information, Coastal Information Security, Agency, State of, Alabama Locations: Atlanta, Birmingham, City, Alabama, Sudan, ”, State of Alabama

☆ Fulton County government outage: Cyberattack brings down phones, court site and tax systems
▼ + stars: | 2024-01-30 | by ( Alta Spells | Sean Lyngaas | ) edition.cnn.com time to read: +3 min

CNN —An ongoing cyberattack against Georgia’s Fulton County, which includes parts of Atlanta, has brought some of the government’s systems to a standstill, halting access to court filings, tax processing and other services. The office of the county’s District Attorney Fani Willis lost access to its phones, internet and the court system website, according to a source with direct knowledge of the matter. The communication, court and tax systems have all been brought down, said Fulton County Board of Commissioners Chairman Robb Pitts in a news briefing Monday. A source with first-hand knowledge in Fulton County told CNN the internet and Odyssey court access are down as well. “We at Fulton County take cybersecurity seriously and we place a high priority on the protection of sensitive information,” Pitts said.

Persons: Fani Willis, Willis, Donald Trump, Robb Pitts, Pitts, ” Pitts, “, ” Organizations: CNN, Georgia’s, county’s Department of Information Technology, FBI, Fulton, IT, The Atlanta, Baltimore Sun, Baltimore Locations: Georgia’s Fulton County, Atlanta, county’s, Fulton County, Baltimore, New Mexico’s, Albuquerque, US

BOSTON (AP) — Hewlett Packard Enterprise disclosed Wednesday that suspected state-backed Russian hackers broke into its cloud-based email system and stole data from cybersecurity and other employees. It said it believed the hackers were from Cozy Bear, a unit of Russia's SVR foreign intelligence service. It said the Russian hackers accessed accounts of senior Microsoft executives as well as cybersecurity and legal employees. Political Cartoons View All 253 ImagesCompany spokesman Adam R. Bauer, reached by email, would not say who informed HPE of the breach. “We're not sharing that information at this time.” Bauer said the compromised email boxes were running Microsoft software.

Persons: Cozy Bear, ”, Adam R, Bauer, HPE, We're, ” Bauer, ” HPE Organizations: BOSTON, Hewlett Packard Enterprise, Securities and Exchange, Microsoft, SharePoint, . Securities, Exchange, Hewlett, Packard Inc Locations: Russian, Redmond, Washington, U.S, Europe, Spring , Texas

☆ Here are 7 portfolio stocks that can benefit from bigger tech budgets in the age of AI
▼ + stars: | 2023-12-12 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

In aggregate, the survey results point to a 60 to 70 basis point acceleration for IT spending growth in each of the next three years, with cloud spending growth much stronger at 150 to 300 basis points. Cloud and AI A rebound in cloud growth is expected thanks in large part the renewed focus and need to invest in artificial intelligence. In fact, 73% of the CIO respondents said they are "implementing now, plan to implement, or are testing generative AI." As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Piper Sandler's, Piper, OpenAI, Einstein, Jim Cramer, Jim Cramer's, Jim, Chino Organizations: Microsoft, Web Services, Google, IBM, Oracle, Nvidia, Piper, Broadcom, Marvell Technology, VMWare, Cybersecurity, Palo Alto Networks, Broadcom —, CNBC Locations: Silicon Valley, America

☆ How an Indian startup hacked the world
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +41 min

The Indian company hacked on an industrial scale, stealing data from political leaders, international executives, prominent attorneys and more. Run by a pair of brothers, Rajat and Anuj Khare, the company began as a small Indian educational startup. The Indian company hacked on an industrial scale, stealing data from political leaders, international executives, sports figures and more. Back in 2012, Kristi Rogers was an executive at Aegis, a London-based security company. Canadian security company GardaWorld, which acquired Aegis in 2015, said it had no information on the incident.

Persons: Chuck Randall, Randall, “, ” Randall, ”, Randall’s inbox, Appin, Rajat, Anuj Khare, Rajat Khare’s, Clare Locke, Khare “, Khare, ” Clare Locke, Ted Kaczynski, Anuj, who’ve, SentinelOne, Tom Hegel, Appin “, Hegel, Mandiant, ” Hegel, Shane Huntley, ” Huntley, Google’s Huntley, ‘, Jochi Gómez, Gómez, Halevi, Tamir Mor, Russian oligarch Boris Berezovsky, Mohamed Azmin Ali, ” Mor, Berezovsky, Azmin, Mor, Roman Abramovich, Mark Hastings, Hastings, didn’t, Jim H, ” Jim H, Jim H’s, Kristi Rogers, Mike Rogers, he’s, Global’s, sully, Rogers, Damian Perl, – “, Steven Santarpia, ” Santarpia, Santarpia, Leonel Fernández, ” Fernández, Rajat Khare, “ Let’s, Ministry of Home Affairs didn’t, Peter Hargitay, Stevie, Billing, ” Stevie, ’, ” Peter Hargitay, Mookhey, Norman Shark, Jonathan Camp, Shark, Camp, Norman, Dominican Republic –, Dan Brady, Sandra Schweingruber, ” Schweingruber, Schweingruber, Brady, ” Gómez, –, ” –, Anna Carter, Mark Califano, ” Rajat Khare’s, India’s, Educomp, Karen Hunter, Hunter, Bryan, Rajat’s, Vijay Kumar, Deepak Kumar, Kumar, ACSG, Jay Solomon, Solomon, ” Rebsec’s, Vishavdeep Singh, Rebsec, CyberRoot, Sumit Gupta, Gupta, Raphael Satter, Zeba Siddiqui, Christopher Bing, Ryan McNeill, Corinne Perkins, John Emerson, Marla Dickerson Organizations: Reuters, Google, Harvard University, U.S, Symantec, Appin, Caribbean, El, Israeli Defense Forces, Commando, Quillon Law, U.S . House Intelligence, The Michigan Republican, U.S . Senate, Aegis, Global Security, Security, Rogers, Army Corps of Engineers, Rotary, Aegis ’, Global, ” Reuters, Britain’s, Appin Software Security, Ltd, Appin Security, –, Research, Analysis, Intelligence Bureau, Indian, India’s Ministry of Home Affairs, India’s Ministry of Defense, of Home Affairs, Central Bureau of Investigation, CBI, Federal Bureau of Investigation, Ministry of Home Affairs, Telenor, Broadcom, FBI, Dominican, Criminal Investigation Service, Appin Security Group, CERT, country’s, Bureau of Investigation, Educomp, State Bank of India, State Bank, The National Security Agency, NSA, U.S ., Swiss, Appin Technology, India’s Ministry, Corporate Affairs, Control Security Global, Technology, Kumar, Facebook, Meta, BellTroX, Services, Street, New, Rebsec, BellTroX’s, Hire Locations: Long, New Delhi, India, Yorker, Paris, Swiss, cybersecurity, Appin, Dominican, California, “, Dominican Republic, El Siglo, United States, Britain, Switzerland, New York, French, New Jersey, Israel, Russian, Malaysian, London, Rwandan, Virginia, Canadian, Chuck@shinnecock.org, Texas, Indian, India’s Punjab, Pakistan, Zurich, Australia, Norway, Oslo, Brady, Former, ”, U.S, Islip, Shinnecock, Washington, cyberespionage

☆ Indian deputy IT minister investigated over social media post after attack on Jehovah's Witnesses
▼ + stars: | 2023-10-31 | by ( Jose Devasia | ) www.reuters.com time to read: +2 min

People stand outside the Zamra International Convention and Exhibition Centre where multiple blasts occurred during a religious gathering of Jehovah's Witnesses, a Christian group, in Kochi, India, October 29, 2023. REUTERS/Sivaram V/File photo Acquire Licensing RightsTHIRUVANANTHAPURAM, India Oct 31 (Reuters) - Police in Kerala opened an investigation against India's deputy minister of Information Technology on Tuesday for allegedly stirring religious hatred on social media after bomb blasts at a Jehovah's Witnesses convention in the southern state. More than 2,000 people were attending the convention in the state, where the Jehovah's Witnesses have a strong presence. Police arrested a man after he posted a video claiming responsibility for the attack, accusing the religious group of being anti-national. Chandrashekhar's aide told Reuters the criminal case filed by the Kerala police would be addressed by the minister's lawyer.

Persons: Sivaram, Rajeev Chandrashekhar, Narendra Modi's, Kerala's, Chandrashekhar, Hillary Clinton's, Khaled Mashal, Pinarayi Vijayan, Vijayan, Israel, Rupam Jain, Simon Cameron, Moore Organizations: Exhibition, REUTERS, Rights, Police, Information Technology, Communist, Reuters, Thomson Locations: Zamra, Kochi, India, Rights THIRUVANANTHAPURAM, Kerala, Gaza

☆ Billionaire businessman says young Indians should work 70 hours a week
▼ + stars: | 2023-10-28 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +4 min

Narayana Murthy said young Indians should work 70 hours a week. I want to work 70 hours a week," N.R. But Indians already work some of the longest hours of any nationality, averaging around 47.7 hours per week per employed person, according to the ILO. In a post on X, formerly known as Twitter, tech entrepreneur Vishal Gondal wrote: "Respectfully, Narayana Murthy ji, while hard work is crucial, a 70-hr work week may risk burnout and stifle creativity." Respectfully, Narayana Murthy ji, while hard work is crucial, a 70-hr work week may risk burnout and stifle creativity.

Persons: N.R, Narayana Murthy, —, Mohandas Pai, Murthy, Forbes, Pai, Vishal Gondal Organizations: Infosys, Service, T.V, International Labour Organization, ILO, India, United, Emirates Locations: India, Qatar, Congo, Lesotho, Bhutan, Gambia

☆ Insurance companies have discovered devious new ways to rip you off
▼ + stars: | 2023-10-23 | by ( Jathan Sadowski | ) www.businessinsider.com time to read: +16 min

Unfortunately, as premiums for everything from home insurance to car insurance skyrocket, more of us are being forced to dwell on the opaque and convoluted insurance industry. AdvertisementAdvertisementTo determine that magic price tag, insurance companies drill down into the nitty-gritty details of your life. I'll go even further: To boost their own profits, insurance companies are becoming increasingly antisocial and antagonistic. To boost their own profits, insurance companies are becoming increasingly anti-social and antagonistic. The stuff of insurance is far too important to be left to the insurance industry.

Persons: Søren Holm, Duncan Minty, Kengo Sakurada, you've, Colm Holmes, —, Holmes, Inga Beale, Beale, ProPublica, Cigna Organizations: Consumers, Caliber, Insurance, Sompo Holdings, Aviva, Allianz Holdings —, of Actuaries, State Farm, Farm, New York Times, of Information Technology, Monash University Locations: London, State

☆ FBI says North Korea deployed thousands of IT workers to get remote jobs in US with fake IDs
▼ + stars: | 2023-10-19 | by ( Associated Press | ) www.businessinsider.com time to read: +6 min

North Korea has been sending IT workers to get remote US jobs, according to the FBI and DOJ. The workers have been using these jobs to raise money for North Korea's ballistic missile program, the US agencies said. The money they earned was funneled to the North Korean weapons program, FBI leaders said at a news conference in St. Louis. AdvertisementAdvertisement"We can tell you that there are thousands of North Korean IT workers that are part of this," spokeswoman Rebecca Wu said. The IT workers generated millions of dollars a year in their wages to benefit North Korea's weapons programs.

Persons: —, Louis, Jay Greenberg, Rebecca Wu, Greenberg, Kim Jong Organizations: FBI, DOJ, North, Service, Department of Justice, The Justice Department, Federal, Louis FBI, North Korean, State Department, Department of, Treasury, Justice Department, United Locations: Korea, North Korea, St, St . Louis, North Koreans, China, Russia, Korean, Iran, United States, United Nations

☆ Here's a rapid-fire update on all 36 stocks in our portfolio, including our latest addition
▼ + stars: | 2023-10-11 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +16 min

Here's a rapid-fire update on all stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. After reducing expenses to improve margins on its retail business, Jim said it's on the right track. Costco Wholesale (COST): Costco remains one of Jim's favorite stocks in the entire our entire portfolio. Ford Motor (F): Jim expressed confidence in Ford CEO Jim Farley, as the targeted United Auto Workers strike approaches the one-month mark. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, Jim, there's, it's, Bausch, we're, We've, Coterra, Dupont, We're, Nelson Peltz, Peltz, Estee Lauder, Patience, Fabrizio Freda, Emerson, Jim Farley, Ford, Locker, Mary Dillon, GEHC, Vimal Kapur, Bruce Broussard, Broussard, he's, Eli Lilly, Lilly, Mark Zuckerberg, Morgan Stanley, Morgan Stanley's, James Gorman, Laxman Narasimhan, Elliott, Stanley Black, Decker, Piper, Wells Fargo, Wells, Jim Cramer, Jim Cramer Rob Kim Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple, Federal Trade, Broadcom, VMWare, Bausch Health, Caterpillar, Costco Wholesale, Costco, Coterra Energy, Exxon Mobil, Natural Resources, Disney, ESPN, Hulu, Comcast, Emerson, National Instruments, Ford, United Auto Workers, Nike, GE Healthcare, Electric, GE, Honeywell International, Honeywell, Humana, Linde, LIN, Microsoft, Nvidia, Oracle, Alto Networks, cyberattacks, Palo Alto Networks, Procter & Gamble, Pioneer, Exxon, Constellation Brands, Elliott Management, FactSet, TJX, Marshalls, Wynn Resorts, WYNN, Jim Cramer's Charitable Locations: China, U.S, Maxx, Las Vegas, Boston, Macau, Asia

Former U.S. President and Republican presidential candidate Donald Trump smiles during a campaign rally in Windham, New Hampshire, U.S., August 8, 2023. Woodward currently represents Walt Nauta, one of the two Trump employees also charged in the documents case, in addition to having previously represented the IT head, who is not named in Wednesday's filing. But he suggested in Wednesday's filing that prosecutors' handling of the IT manager's testimony was improper. Prosecutors have charged Trump, Nauta and a third Mar-a-Lago employee, Carlos De Oliveira, with trying to thwart government efforts to retrieve sensitive documents taken to the Florida resort after Trump left office. Prosecutors said in an August court filing that the witness initially denied any knowledge of obstruction.

Persons: Donald Trump, Reba Saldanha, Jack Smith’s, Stanley Woodward, Woodward, Walt Nauta, Aileen Cannon, Trump, Joe Biden, Yuscil Taveras, Nauta, Taveras, Carlos De Oliveira, Prosecutors, Andrew Goudsward, Scott Malone, Andrea Ricci Organizations: U.S, Republican, REUTERS, Rights, Trump's, Walt, Trump, IT, Prosecutors, Democratic, Politico, CNN, Thomson Locations: Windham , New Hampshire, U.S, Lago Florida, Florida

☆ AI tools make things up a lot, and that’s a huge problem
▼ + stars: | 2023-08-29 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +7 min

But as more people turn to this buzzy technology for things like homework help, workplace research, or health inquiries, one of its biggest pitfalls is becoming increasingly apparent: AI models often just make things up. Researchers have come to refer to this tendency of AI models to spew inaccurate information as “hallucinations,” or even “confabulations,” as Meta’s AI chief said in a tweet. A number of high-profile hallucinations from AI tools have already made headlines. Cracking down on AI hallucinations, however, could limit AI tools’ ability to help people with more creative endeavors — like users that are asking ChatGPT to write poetry or song lyrics. How to prevent or fix AI hallucinations is a “point of active research,” Venkatasubramanian said, but at present is very complicated.

Persons: Suresh Venkatasubramanian, Venkatasubramanian, ”, ” Venkatasubramanian, West, Bard, James Webb, ChatGPT, they’re, ” West, Google’s Bard, OpenAI’s ChatGPT, Sundar Pichai, Pichai, “, Sam Altman, OpenAI Organizations: CNN, Brown University, ” Companies, University of Washington, Center, Google, James Webb Space Telescope, New, CNET, CBS, Indraprastha, of Information Technology Locations: United States, New York, Delhi

☆ Trump had his 'body man' travel to Mar-a-Lago to figure out how to delete security footage of classified documents, DOJ alleges in new charges
▼ + stars: | 2023-07-28 | by ( Lloyd Lee | Chris Panella | ) www.businessinsider.com time to read: +4 min

The Justice Department filed new charges to the Trump classified documents case on Thursday. Trump was previously hit with 37 criminal counts related to the handling of classified records. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. Two of those charges include obstruction of justice stemming from the DOJ's allegations that the former president asked De Oliveira to delete surveillance footage at his Mar-a-Lago resort. Trump's campaign called the new charges "a continued desperate and flailing attempt" by the Biden administration and the DOJ to harass Trump.

Persons: Trump, Donald Trump, Jack Smith's, Carlos De Oliveira, Waltine, Nauta, De Oliveira, Walter, Peter Carr, De Oliveira's, Biden Organizations: Department, DOJ, Service, Mar, Department of Justice, US Navy, White, Technology, Southern District of Locations: Wall, Silicon, Lago, Trump, Illinois, Florida, Mar, Southern District, Southern District of Florida

☆ China's Xi urges greater innovation amid tech curbs from US
▼ + stars: | 2023-07-07 | by ( ) www.reuters.com time to read: +2 min

BEIJING, July 7 (Reuters) - China's President Xi Jinping, on an inspection tour of a major industrial province, renewed his call for greater innovation and technological self-reliance, as the United States intensifies curbs on Chinese access to advanced technologies. "With the rapid development of information technology and the emergence of disruptive technologies at any time, it is necessary to maintain a solid footing on the path of innovation and contribute to the realisation of high-level self-reliance in technology," Xi said. The United States is also considering restricting flow of its investments and know-how into Chinese companies working on advanced semiconductors, artificial intelligence and quantum computing. Yellen's trip to China comes weeks after a visit by Secretary of State Antony Blinken, who agreed with Xi that the mutual rivalry should not veer into conflict. Reporting by Ryan Woo and Ellen Zhang; Editing by Himani Sarkar and Ros RussellOur Standards: The Thomson Reuters Trust Principles.

Persons: Xi Jinping, Xi, Joe Biden's, Janet Yellen, Li Qiang, Antony Blinken, Ryan Woo, Ellen Zhang, Himani Sarkar, Ros Russell Organizations: Xinhua, Trump, Washington, Treasury, Thomson Locations: BEIJING, United States, China, Jiangsu, U.S, Beijing

☆ Cramer predicts Wynn Resorts will report solid quarter, driven by Chinese demand
▼ + stars: | 2023-05-09 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Debt ceiling weighs on stocks Wynn Resorts reports Watch Palo Alto 1. Debt ceiling weighs on stocks Stocks trended lower Tuesday ahead of a meeting later in the day between President Biden and House Speaker Kevin McCarthy over the ongoing debt-ceiling crisis. Wynn Resorts reports Casino operator Wynn Resorts (WYNN) is set to report first-quarter earnings after the closing bell Tuesday. Shares of Palo Alto — set to report quarterly results on May 23 — were up 2.75% Tuesday, at nearly $197 apiece. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

☆ Here’s our fourth-quarter earnings report card for all the stocks in our portfolio
▼ + stars: | 2023-03-10 | by ( Zev Fima | ) www.cnbc.com time to read: +20 min

Fourth-quarter earnings season is in the rearview mirror and most Club stocks reported results ahead of, or in line with, analysts' forecasts. Moreover, excluding foreign exchange fluctuations, this marked the ninth quarter in a row of 20% or better annual earnings growth. Nvidia (NVDA) reported a very strong quarter and better-than-expected guidance for the current quarter . Eli Lilly 's (LLY) fourth-quarter results came up a bit short on revenue but delivered a strong bottom line. Despite missing on top-line expectations, Wells Fargo 's (WFC) earnings came in better-than-expected, as the bank realized the benefits of higher interest rates .

☆ Jim Cramer's Investing Club meeting Thursday: Stocks fall, Cisco, Palo Alto Networks
▼ + stars: | 2023-02-16 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Buy Palo Alto Networks We're bullish on our newest Club holding, Palo Alto Networks (PANW), a leader in the cybersecurity industry. Palo Alto stock was trading down roughly 1.7% Thursday, at $174.22 a share. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

☆ Artificial intelligence and machine learning are helping companies provide even better service for customers
▼ + stars: | 2023-01-27 | by ( Sponsor Post | Created Hitachi With Insider Studios | ) www.businessinsider.com time to read: +7 min

By harnessing Hitachi's advanced expertise in artificial intelligence (AI) and machine learning (ML), the partners took their existing model and expanded it into a predictive model they called Proactive Diagnostics. The Guided Repair solution is now being used by more than 9,700 Penske fleet maintenance technicians in more than 880 locations. Using machine learning, the Proactive Diagnostics solution monitors fleet vehicles and tracks anomalies that indicate future potential failures." The Proactive Diagnostics solution provides data archived over days and weeks to give Penske that predictive power so it can act on its knowledge. With its enhanced capacity for analysis, Proactive Diagnostics enables Penske to compare fault codes and search for patterns that signal a potential failure.

☆ CrowdStrike is a buy as it become a bigger player in the cybersecurity space, BMO says
▼ + stars: | 2023-01-18 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

It's time to buy shares of cybersecurity company CrowdStrike , according to BMO Capital Markets. That continued evolution will allow CrowdStrike to differentiate from Microsoft and legacy cybersecurity companies. "We believe that CrowdStrike offers best-in-class endpoint security capabilities and an expanding platform that will help CrowdStrike compete against Microsoft and other vendors," Bachman said in a note to clients Wednesday. There is concern that Microsoft could pressure competitors by using bundle prices to win companies looking to save money. He added that consolidation will help CrowdStrike, as companies seek to use one company for multiple needs.

☆ CIO 2023 Priorities: Always Be Modernizing
▼ + stars: | 2022-12-28 | by ( Belle Lin | ) www.wsj.com time to read: +2 min

Technology executives in a recent CIO Journal end-of-year survey shared their priorities for 2023. Newsletter Sign-up WSJ | CIO Journal The Morning Download delivers daily insights and news on business technology from the CIO Journal team. “And this year we are doubling down to maximize the potential of our [over] 500 petabytes of data.”Ramon Richards, CIO, Fannie Mae Photo: Cade Martin PhotographyAt mortgage finance giant Fannie Mae, CIO Ramon Richards said one of his 2023 technology priorities includes continued cloud adoption. “We’ve built a strong foundation and are reaching maturity on many aspects of our digital transformation, which allows us to allocate more capacity to deliver on Fannie Mae business priorities next year,” Mr. Richards said. David Vidoni, vice president of information technology at Pegasystems Inc., said the top technology priority in 2023 is to continue modernizing its business systems.

☆ One of the market's biggest ETFs is changing its holdings. Here's what's new
▼ + stars: | 2022-12-17 | by ( Jesse Pound | ) www.cnbc.com time to read: +2 min

The index behind one of the biggest ETFs on the market is getting a shakeup next week, creating a shift in the portfolios of many investors. The index is the backbone of the Invesco QQQ Trust , one of the biggest ETFs on the market with more than $150 billion in assets under management. Investors who own the QQQ will see their own portfolios indirectly change as the massive fund rotates its holdings. Discovery are also not perfect fits within the tech sector. The Invesco QQQ Trust, which was launched in 1999, has an expense ratio of 0.20%.

☆ SpaceX, Tesla, and Boring Company execs are helping Elon Musk at Twitter, records reveal
▼ + stars: | 2022-12-08 | by ( Lora Kolodny | ) www.cnbc.com time to read: +6 min

Ever since, he has enlisted high-ranking executives and engineers from his other businesses, including SpaceX, Tesla and The Boring Company, to help out at the social media company, according to internal records obtained by CNBC and conversations with recent Twitter employees. Musk has also enabled partners from investment firms who participated in the Twitter buyout access to work within the social media company. In his testimony, Musk characterized Tesla employees' work for him at Twitter as "just a voluntary thing." He also said: "This was sort of an after-hours, just if you're interested in evaluating the -- helping me evaluate Twitter engineering, that would be nice. In addition to Tesla employees, Musk has also enlisted execs and employees from SpaceX, the reusable rocket and satellite internet services company he founded in 2002, to help him at Twitter.

☆ Analysis: Cloud Growth Continues Amid Tough Time for Tech
▼ + stars: | 2022-10-27 | by ( Steven Rosenbush | ) www.wsj.com time to read: +3 min

The growth of cloud computing has slowed a bit this year but remains one of the most resilient sectors in a generally tough environment for technology companies. That outpaces overall company sales growth of 15%. Spending on cloud computing “will fluctuate with the broader economic picture,” Mr. Sustar said. People might want to rationalize their cloud spending, but overall cloud growth will continue and be a larger and larger part of the IT budget,” he said. In other words, cloud growth will continue, but it won’t look like a bubble.

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