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June 6 (Reuters) - Salesforce Inc (CRM.N) CEO Marc Benioff has shuffled the top management, a person familiar with the matter told Reuters on Tuesday, a move that follows after the software company reported its slowest quarterly revenue growth since 2010. Miguel Milano has been appointed as the chief revenue officer, the source said, adding that Ariel Kelman will take over as Salesforce's chief marketing officer. After a previous tenure of nearly a decade at Salesforce, Milano will make a return from his recent position at software company Celonis. Kendall Collins, who will step into the role of chief of staff for Benioff, had worked as CMO at Okta and Cisco's AppDynamics. Salesforce President and Chief Operating Officer Brian Millham would be assuming new duties such as marketing, employee success and business technology, the source said.

Persons: Marc Benioff, Miguel Milano, Ariel Kelman, Milano, Celonis, Kelman, Kendall Collins, Brian Millham, Salesforce, Benioff, Kanjyik Ghosh, Akriti Sharma, Anirudh, Sherry Jacob, Phillips Organizations: Salesforce, Reuters, Amazon Web Services, Oracle, Inclusive, Microsoft Corp, Amazon.com Inc, Thomson Locations: Salesforce, Okta, Bengaluru

☆ Microsoft to offer OpenAI's GPT models to government cloud customers
▼ + stars: | 2023-06-07 | by ( ) www.reuters.com time to read: +1 min

[1/2] The Microsoft sign is shown on top of the Microsoft Theatre in Los Angeles, California, U.S. October 19,2018. REUTERS/Mike BlakeJune 7 (Reuters) - Microsoft Corp (MSFT.O) is bringing the powerful language-producing models from OpenAI to U.S. federal agencies using its Azure cloud service, it said in a blog post on Wednesday. The Redmond, Washington-based company has added support for large language models (LLMs) powering GPT-4 the latest and the most sophisticated of the LLMs from OpenAI, and GPT-3, to Azure Government. Microsoft generally offers it to Azure commercial cloud users through Azure OpenAI Services, which had 4,500 customers as of May. Microsoft said government customers can adapt the language models for specific tasks including content generation, language-to-code translation and summarization.

Persons: Mike Blake, Yuvraj Malik, Samrhitha, Maju Samuel Organizations: Microsoft, Microsoft Theatre, REUTERS, Microsoft Corp, Government, OpenAI, Thomson Locations: Los Angeles , California, U.S, Redmond, Washington, OpenAI, Bengaluru

The S&P 500 on Friday closed at its highest level in over nine months after a report showed that wage growth moderated in May. The S&P 500 declined 0.20% to end the session at 4,273.79 points. Of the 11 S&P 500 sector indexes, seven declined, led lower by industrials (.SPLRCI), down 0.71%, followed by a 0.58% loss in energy (.SPNY). Declining stocks outnumbered rising ones within the S&P 500 (.AD.SPX) by a 1.5-to-one ratio. The S&P 500 posted 17 new highs and four new lows; the Nasdaq recorded 90 new highs and 54 new lows.

Persons: Tim Ghriskey, Ingalls, Snyder, Sruthi Shankar, Shristi, Noel Randewich, Marguerita Choy Organizations: Alto Networks, Nasdaq, Dow, U.S . Federal, Apple, Apple Inc, Pro, Nvidia Corp, Tesla Inc, Nvidia, Microsoft Corp, Institute for Supply Management, Fed, Traders, Dow Jones, Palo Alto Networks, Dish Network Corp, Big, Wall Street Journal, Thomson Locations: China, U.S, New York, Palo, Big U.S, Bengaluru, Oakland, Calif

☆ OpenAI CEO sees 'huge' Israeli role in reducing risks from the technology
▼ + stars: | 2023-06-05 | by ( Steven Scheer | ) www.reuters.com time to read: +3 min

[1/3] A view shows banners on the Tel Aviv University campus as Sam Altman, CEO of Microsoft-backed OpenAI and ChatGPT creator is due to speak in Tel Aviv, Israel June 5, 2023. REUTERS/Amir CohenTEL AVIV, June 5 (Reuters) - OpenAI CEO Sam Altman predicted on Monday a "huge role" for Israel in reducing risks from artificial intelligence and eyed investment opportunities in the country even as it debates whether and how to regulate the technology behind ChatGPT. "The energy on making use of the technology and its positive benefits is fantastic to see, and I am sure Israel will play a huge role." Visiting Microsoft Corp's R&D centre in Israel, Altman was asked whether his company might also open a local office. Israel published a 115-page draft AI policy in October and is collating public feedback ahead of a final decision.

Persons: Sam Altman, Amir Cohen TEL, Altman, Isaac Herzog, OpenAI, ChatGPT, Ziv Katzir, Benjamin Netanyahu, Dan Williams, Emelia Sithole, Alex Richardson Organizations: Tel Aviv University, Microsoft, REUTERS, ChatGPT, crisscrossing, Stanford University, European, Israel Innovation Authority, Reuters, Thomson Locations: Tel Aviv, Israel, Amir Cohen TEL AVIV, crisscrossing Europe, Jordan, Qatar, United Arab Emirates, India, South Korea, United States, Britain, Canada, U.S

Rubrik may raise more than $750 million in its IPO, three of the sources added, though that may change based on market conditions as the preparations are still at an early stage. Rubrik currently generates annual recurring revenue of about $600 million, one of the sources said. Three of the sources said Rubrik could choose to go public in 2024, if the IPO market becomes more welcoming. Founded in 2014 by venture capitalist Bipul Sinha, Rubrik makes cloud-based ransomware protection and data-backup software. SoftBank-backed Cohesity Inc, which competes with Rubrik, is also preparing to go public, having filed confidentially for an IPO in late 2021, Reuters reported.

Persons: Goldman Sachs, Rubrik, Bipul Sinha, Johnson, Echo Wang, Milana Vinn, Krystal Hu, Matthew Lewis Organizations: YORK, Microsoft Corp, Barclays Plc, Citigroup Inc, Barclays, Citi, Nvidia Corp, Depot Inc, Bain Capital Ventures, Lightspeed Venture Partners, Kenvue Inc, Johnson, SoftBank Group Corp, Inc, Reuters, Cohesity Inc, Thomson Locations: U.S, Palo Alto , California, ., New York

☆ Snap hires new head of engineering from Google
▼ + stars: | 2023-06-05 | by ( Sheila Dang | ) www.reuters.com time to read: +1 min

June 5 (Reuters) - Snap Inc (SNAP.N) said on Monday it hired a new senior vice president of engineering from Google, the latest in a string of new recruits to advance its advertising business. Eric Young, who was previously vice president of engineering for Alphabet Inc's (GOOGL.O) Google Cloud, will oversee the core infrastructure for Snap, which owns the popular photo messaging app Snapchat. While Snap has consistently expanded its audience for Snapchat, which now has 750 million monthly users, the company has struggled to generate revenue at the same pace. While at Google, Young worked on building the tech infrastructure for products like search, ads and YouTube. His appointment at Snap comes after the company hired Rob Wilk, former head of advertising at Microsoft Corp (MSFT.O), to become president of the Americas region, as well as another Google executive to lead revenue product.

Persons: Eric Young, Young, Rob Wilk, Sheila Dang, Matthew Lewis Organizations: Google, YouTube, Microsoft Corp, Thomson Locations: Americas, Dallas

☆ Microsoft 365 down for thousands of users - Downdetector
▼ + stars: | 2023-06-05 | by ( ) www.reuters.com time to read: 1 min

June 5 (Reuters) - Microsoft Corp's (MSFT.O) product suite that includes Word and Excel was down for more than 15,000 users on Monday, according to outage tracking website Downdetector.com. "We're investigating an issue with accessing Outlook on the web," Microsoft tweeted. The company did not immediately respond to a Reuters request for comment on the outage reports on Microsoft 365. Microsoft services have faced at least three outages since the beginning of the year. Downdetector tracks outages by collating status reports from several sources including users.

Persons: Jaspreet Singh, Devika Organizations: Microsoft, Thomson Locations: Bengaluru

☆ Here's what Apple unveiled at WWDC: Vision Pro, 15-inch MacBook Air, OS updates
▼ + stars: | 2023-06-05 | by ( ) www.reuters.com time to read: +4 min

Vision Pro sports 12 cameras and a digital crown similar to the Apple Watch to toggle between the AR and VR environments. M2 ULTRA CHIPApple unveiled M2 Ultra, its most-powerful processor so far, that comes to its desktop computers Mac Pro and Mac Studio. LARGER MACBOOK AIR, POWERFUL DESKTOPSApple launched a 15-inch MacBook Air featuring the M2 chip and an 18-hour battery life. The company beefed up its desktop computers, introducing a new version of its flagship Mac Pro with the M2 Ultra chip, starting at $6,999. WIDGETS FOR APPLE WATCH, OS UPGRADES, JOURNALING APPApple announced fresh versions of operating systems across its products.

Persons: Apple, Yuvraj Malik, Maju Samuel Organizations: Apple Inc, Meta, PlayStation VR, Sony Group, Apple Watch, Disney, Microsoft, Adobe Inc, Vision, Apple, Mac, Mac Pro, Max, APP Apple, Thomson Locations: Bengaluru

☆ Majority of EU countries against network fee levy on Big Tech, sources say
▼ + stars: | 2023-06-02 | by ( Foo Yun Chee | ) www.reuters.com time to read: +2 min

BRUSSELS, June 3 (Reuters) - A majority of EU countries have rejected a push by Europe's big telecoms operators to force Big Tech to help fund the rollout of 5G and broadband in the region, people familiar with the matter said. Telecoms ministers from 18 countries either rejected or criticised the proposed network fee levy on tech firms at a meeting with EU industry chief Thierry Breton in Luxembourg on Thursday, the sources said. That echoed comments made last month by EU telecoms regulators' group BEREC. Breton is expected to issue a report by the end of June with a summary of feedback provided by Big Tech, telecoms providers and others which will indicate his next steps. Any legislative proposal needs to be negotiated with EU countries and EU lawmakers before it can become law.

Persons: Thierry Breton, Breton, Foo Yun Chee, Rosalba O'Brien Organizations: EU, Big Tech, Deutsche Telekom, Telefonica, Telecom Italia, France Telecom, French, Google, Apple Inc, Inc, Netflix Inc, Amazon.com Inc, Microsoft Corp, Thomson Locations: BRUSSELS, Luxembourg, Orange, Austria, Belgium, Czech Republic, Denmark, Finland, Germany, Ireland, Lithuania, Malta, Netherlands, Cyprus, France, Greece, Hungary, Italy, Poland, Portugal, Romania

☆ SentinelOne's disappointing forecast slams shares
▼ + stars: | 2023-06-02 | by ( ) www.reuters.com time to read: +2 min

Shares of the company sank 37% before the bell on Friday and were set to open at their lowest level in about six months. The stock could erase most of the 42% rise it has posted so far this year, if losses hold through regular trading. The median price target on the stock is now $18, which is 13% lower than its last closing price. Factors other than a weak economy seem to be impacting SentinelOne, said BTIG analysts, downgrading the stock to "neutral". Some brokerages pointed to competitive pressure from the likes of Microsoft Corp (MSFT.O) and larger peer CrowdStrike Holdings Inc (CRWD.O).

Persons: SentinelOne, Akash Sriram, Pooja Desai Organizations: SentinelOne Inc, Palo Alto Networks, Microsoft Corp, CrowdStrike Holdings, Guggenheim, Thomson Locations: Palo, Bengaluru

The Senate passed a bill late on Thursday to lift the government's $31.4 trillion debt ceiling, avoiding a catastrophic, first-ever default. The Labor Department's closely watched employment report, due 0830 ET, is expected to still show a tight labor market. Fed funds futures trading showed an over 70% probability that the Fed will hold interest rates steady at its June 13-14 policy meeting. ET, Dow e-minis were up 185 points, or 0.56%, S&P 500 e-minis were up 21.25 points, or 0.5%, and Nasdaq 100 e-minis were up 63 points, or 0.44%. Reporting by Shreyashi Sanyal in Bengaluru; Editing by Nivedita Bhattacharjee and Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

Persons: FEDWATCH, Russ Mould, AJ Bell, Germany's, Shreyashi Sanyal, Nivedita Bhattacharjee, Maju Samuel Organizations: Nike, Broadcom, Dow, Nasdaq, Federal, Fed, Labor, FEDWATCH Reuters, Dow e, Microsoft Corp, Apple Inc, Tesla Inc, Athletica, Dow Jones, Nike Inc, Germany's Adidas, Puma, Broadcom Inc, Nvidia Corp, Nvidia, Thomson Locations: Washington, United States, Europe, Bengaluru

☆ Italian senator reads AI-generated speech in parliament 'to stir debate'
▼ + stars: | 2023-06-01 | by ( ) www.reuters.com time to read: +2 min

ROME, June 1 (Reuters) - An Italian senator has surprised his colleagues by reading out in parliament a speech drafted by a chatbot, saying afterwards that he pulled the stunt to stir "a serious debate" on risks and opportunities posed by artificial intelligence. "How many of us today are able to distinguish between a text produced by human intelligence and a stream of thoughts ... produced by an artificial intelligence algorithm?" His speech, on the subject of various bilateral deals with Switzerland, was produced by Microsoft Corp (MSFT.O)-backed OpenAI's GPT-4 chatbot, the senator told Reuters on Thursday. He said his staff "took a couple of hours" to feed the necessary information into the software, which then produced the speech "instantaneously". Reporting by Federico Maccioni; Editing by Alvise Armellini and David HolmesOur Standards: The Thomson Reuters Trust Principles.

Persons: Marco Lombardo, Lombardo's, Carlo Calenda, " Lombardo, Margrethe Vestager, Federico Maccioni, Alvise Armellini, David Holmes Organizations: Microsoft Corp, Reuters, Twitter, European Union, Thomson Locations: Italian, Switzerland, Italy

☆ Internet data growth has not pushed up telcos' network costs, Dutch government says
▼ + stars: | 2023-06-01 | by ( Foo Yun Chee | ) www.reuters.com time to read: +2 min

BRUSSELS, June 1 (Reuters) - The Dutch government has stepped up its criticism of a push by EU telecoms operators to get Big Tech to help pay for the rollout of 5G and broadband, saying claims that unchecked data growth has pushed up network costs are not backed by facts. "In reality, contrary to all these persistent claims, the strong growth of Internet data in the past did not confront large telecom operators with higher network costs," the paper seen by Reuters said. "In reality the total network costs have remained constant despite the consistently high growth over the last decades, whilst the profit margins of European telecom operators have improved significantly over the last decade," the paper said. They said direct payments are unjustified as end-users already pay for their access line including network traffic costs while such intervention would affect the functioning of the internet. "The synergies for such cross-border mergers to telecom operators are generally considered relatively limited, whilst there don’t seem to be convincing benefits to wider society."

Persons: Foo Yun Chee, Chizu Organizations: EU, Big Tech, European Commission, Reuters, Deutsche Telekom, Telefonica, Telecom Italia, Google, Apple Inc, Inc, Netflix Inc, Amazon.com Inc, Microsoft Corp, Netflix's, Thomson Locations: BRUSSELS, Luxembourg, Orange, Dutch

☆ Microsoft flags over $400 mln charge for Irish privacy violation fine on LinkedIn
▼ + stars: | 2023-06-01 | by ( ) www.reuters.com time to read: +1 min

June 1 (Reuters) - Software major Microsoft Corp (MSFT.O) said on Thursday it expected to take a charge of about $425 million in the current quarter for a potential fine from an Irish regulator over alleged privacy violations at its unit LinkedIn. The Irish Data Protection Commission (IDPC) launched an investigation into the professional networking platform in 2018 over whether its targeted advertising practices violated the European data protection law. The regulator's order is not public and Microsoft said that LinkedIn was informed about the preliminary decision in April. Microsoft added it would dispute the proposed fine after receiving a final order. Reporting by Yuvraj Malik in Bengaluru; Editing by Rashmi AichOur Standards: The Thomson Reuters Trust Principles.

Persons: IDPC, Yuvraj Malik, Rashmi Organizations: Software, Microsoft Corp, Irish Data Protection, Microsoft, Thomson Locations: Irish, Bengaluru

☆ Digital doubles, fake trailers: AI worries Hollywood actors before labor talks
▼ + stars: | 2023-06-01 | by ( Lisa Richwine | ) www.reuters.com time to read: +5 min

AI already has divided studios and striking film and television writers, who want assurances that the emerging technology will not be used to generate scripts. SAG-AFTRA wants to ensure its members can control use of their "digital doubles" and ensure studios pay the actual actors appropriately, said Duncan Crabtree-Ireland, the union's chief negotiator. A representative for the AMPTP had no comment on its position on use of AI with actors. In negotiations with the Writers Guild of America (WGA), the AMPTP proposed discussing the topic once a year, which the Guild viewed as an attempt to avoid the issue. You're never going to see anything like that if we're all using AI."

Persons: Julia Louis, Dreyfus, Christine, Wes Anderson, Harry Potter, Bill Murray, Scarlett Johansson, AFTRA, Duncan Crabtree, Crabtree, Tom Cruise, Keanu Reeves, Reeves, Leland Morrill, we're, Morrill, Justine Bateman, Indiana Jones, Harrison Ford, Walt Disney, Ford, Stephen Colbert, James Earl Jones, Darth Vader, Carrie Fisher, AFTRA's Crabtree, Bateman, " Bateman, Lisa Richwine, Jorge Ramos, Dawn Chmielewski, Mary Milliken, David Gregorio Our Organizations: Warner Bros ., Screen, Writers Guild America, YouTube, SAG, Microsoft Corp, Walt Disney Co's, Lucasfilm, Disney, Alliance, Television Producers, Netflix Inc, Writers Guild of America, WGA, Thomson Locations: Burbank , California, ANGELES, Hollywood, Ireland, ., Los Angeles

☆ Microsoft inks computing infra deal with CoreWeave - CNBC
▼ + stars: | 2023-06-01 | by ( ) www.reuters.com time to read: +1 min

June 1 (Reuters) - Microsoft Corp (MSFT.O) may spend billions of dollars over multiple years on computing infrastructure from start-up CoreWeave, CNBC reported on Thursday, citing people familiar with the matter. The Windows maker had signed the CoreWeave deal earlier this year in order to ensure that OpenAI, which operates the viral ChatGPT chatbot, will have adequate computing power, according to the report. Microsoft declined to comment, while CoreWeave did not immediately respond to Reuters' request for a comment. CoreWeave, valued at $2 billion and which counts Nvidia Corp (NVDA.O) among its investors, has raised more than $400 million over the last two months. New York-based CoreWeave specializes in providing cloud computing services based on graphics processing units, the category of chip pioneered by Nvidia that has become central to artificial intelligence services like OpenAI's ChatGPT.

Persons: CoreWeave, Yuvraj Malik, Shilpi Majumdar Organizations: Microsoft Corp, CNBC, Microsoft, Reuters, Nvidia Corp, Nvidia, Thomson Locations: New York, Bengaluru

☆ Factbox: Who are the candidates running in the 2024 US presidential election
▼ + stars: | 2023-05-31 | by ( Ross Colvin | ) www.reuters.com time to read: +6 min

Here is a list of 2024 hopefuls in both the Democratic and Republican parties. Only 1% of Republicans said he would be their preferred 2024 nominee in a Reuters/Ipsos poll conducted May 9-15. ASA HUTCHINSONThe former Arkansas governor launched his bid for the White House in April with a call for Trump to step aside to deal with his indictment. Biden allies say he is running because he feels he is the only Democratic candidate who can defeat Trump. MARIANNE WILLIAMSONThe best-selling author and self-help guru has launched her second, longshot bid for the White House.

Persons: Mike Pence, Chris Christie, Donald Trump, Joe Biden, DONALD TRUMP Trump, Biden, Trump, RON DESANTIS, DeSantis, TIM SCOTT, Scott, NIKKI HALEY, Haley, VIVEK RAMASWAMY, Ramaswamy, MIKE, Pence, Trump's, CHRIS CHRISTIE, ASA HUTCHINSON, Hutchinson, DOUG BURGUM Burgum, JOE BIDEN Biden, MARIANNE WILLIAMSON, ROBERT KENNEDY JR, Kennedy, Robert F, Ross Colvin, Colleen Jenkins, Nick Zieminski, Alistair Bell Organizations: New, Democratic, Republican, REPUBLICAN, Republican Party, Twitter, Trump, Walt Disney Co, Ukraine, TIM, Black Republican U.S, Reuters, United Nations, Biden, U.S . Capitol, Republican White House, Christian, New Jersey, ASA, White House, Microsoft Corp, DEMOCRATIC, White, Democrat, YouTube, Thomson Locations: New Jersey, New York, Florida, South Carolina, Pence, Iowa, Arkansas, U.S

ET (1900 GMT), to discuss the debt ceiling bill. "The market is cautiously pricing in that the deal has been done," said Thomas Hayes, chairman at Great Hill Capital LLC. Nvidia Corp (NVDA.O) jumped 4.8% in premarket trading after it said on Monday it was building Israel's most powerful AI supercomputer to meet soaring customer demand for AI applications. Other chipmakers including Advanced Micro Devices Inc (AMD.O), Marvell Technology Inc (MRVL.O) and Intel Corp (INTC.O) added about 3% each. May consumer confidence data is due shortly after markets open, while the Labor Department's closely watched nonfarm payrolls data for May is due on Friday.

☆ Nvidia set to become first US chipmaker valued at over $1 trillion
▼ + stars: | 2023-05-30 | by ( ) www.reuters.com time to read: +2 min

May 30 (Reuters) - Nvidia Corp (NVDA.O) is close to breaching $1 trillion in market capitalization, making it the first U.S. chipmaker to join the trillion-dollar club. The gaming and AI chip company, whose shares rose 3.8% in trading before the bell on Tuesday, was valued at $998 billion. AI took center stage after Nvidia stunned investors with a revenue forecast last week that surpassed analysts' expectations by more than 50%. The highest price target valued the company at about $1.6 trillion, on par with Google-parent Alphabet. Reuters GraphicsReporting by Medha Singh, Akash Sriram and Samrhitha Arunasalam in Bengaluru; Editing by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

U.S. President Joe Biden and Republican House of Representatives Speaker Kevin McCarthy on Sunday signed off on an agreement to temporarily suspend the debt ceiling and cap some federal spending. ET (1900 GMT), to discuss the debt ceiling bill. Reflecting investor optimism, the cost of insuring exposure to a U.S. debt default fell further on Tuesday, while yields on longer-dated U.S. Treasuries fell. Other chipmakers including Advanced Micro Devices Inc (AMD.O), Marvell Technology Inc (MRVL.O) and Intel Corp (INTC.O) added about 3% each. ET, Dow e-minis were up 60 points, or 0.18%, S&P 500 e-minis were up 22.75 points, or 0.54%, and Nasdaq 100 e-minis were up 157.25 points, or 1.1%.

☆ BHP taps Microsoft, AI, to improve recovery at top copper mine
▼ + stars: | 2023-05-30 | by ( ) www.reuters.com time to read: +1 min

MELBOURNE, May 30 (Reuters) - BHP Group (BHP.AX) has teamed up with Microsoft Corp (MSFT.O) to improve copper recovery from its Escondida mine in Chile, the world's biggest copper mine, by using machine learning and artificial intelligence, it said on Tuesday. BHP estimates the world needs to double the amount of copper produced over the next 30 years to keep pace with the development of decarbonisation technology such as electric vehicles, offshore wind and solar farms. "We expect the next big wave in mining to come from the advanced use of digital technologies" BHP Chief Technical Officer Laura Tyler said in the company statement. Using real-time data from plants that process ore in combination with AI-based recommendations from Microsoft’s Azure platform, plant operators will have the ability to adjust variables that affect ore processing and grade recovery, BHP said. BHP, the world's biggest miner, is the majority owner of Escondida and operates the mine with partners Rio Tinto (RIO.AX), and Japan's JECO Corp. Escondida produced more than 1 million tonnes of copper during the last financial year ending in June.

☆ Hewlett Packard Enterprise misses quarterly revenue estimates
▼ + stars: | 2023-05-30 | by ( ) www.reuters.com time to read: +1 min

May 30 (Reuters) - Hewlett Packard Enterprise Co (HPE.N) missed Wall Street estimates for second-quarter revenue on Tuesday, as clients scale down spending on tech, including cloud services, amid an economic slowdown. For some of the largest tech companies, cloud services and data center businesses have been among the biggest growth drivers, including during the pandemic as people worked from home. Its revenue for the quarter ended April 30 was $6.97 billion, compared with analysts' average expectations of $7.31 billion, according to Refinitiv data. Quarterly sales for the company's compute segment fell 8%, while the storage segment recorded a 3% decline. Hewlett Packard expects revenue for the third quarter to be between $6.7 billion and $7.2 billion.

Persons: Hewlett Packard, Tiyashi Datta, Shilpi Majumdar Organizations: Hewlett Packard Enterprise Co, Microsoft Corp, Amazon.com Inc, Oracle Corp, Thomson Locations: Texas, Aruba, Bengaluru

☆ AI means everyone can now be a programmer, Nvidia chief says
▼ + stars: | 2023-05-29 | by ( ) www.reuters.com time to read: +2 min

Nvidia has surged to become the world's most valuable listed semiconductor company as a major supplier of chips and computing systems for artificial intelligence. "Every single computing era you could do different things that weren't possible before, and artificial intelligence certainly qualifies," Huang added. Everyone is a programmer now - you just have to say something to the computer," he said. Huang demonstrated what AI could do, including getting a programme to write a short pop song praising Nvidia with only a few words of instruction. Nvidia has strained to meet demand for its AI chips, with Tesla Inc TSLA.O CEO Elon Musk, who is reportedly building out an artificial-intelligence startup, last week telling an interviewer that the graphics processing units (GPUs) are "considerably harder to get than drugs".

☆ North Dakota's Republican governor set to launch US presidential bid
▼ + stars: | 2023-05-26 | by ( Nathan Layne | ) www.reuters.com time to read: +2 min

Burgum, who is serving his second term as the sparsely populated state's top official, is expected to launch his campaign with an announcement on June 7 in Fargo, the person said. Reuters/Ipsos polling conducted on May 9-15 showed Trump is backed by 49% of Republicans, with Florida Governor Ron DeSantis in a distant second place at 19%. They were followed by former Vice President Mike Pence with 5% and former South Carolina Governor Nikki Haley on 4%, the poll showed. He also signed into law the largest income tax cut in state history. Reporting by Nathan Layne in Wilton, Connecticut, and Jason Lange in Washington; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

☆ Marvell's shares get AI boost a day after Nvidia's surge
▼ + stars: | 2023-05-26 | by ( ) www.reuters.com time to read: +2 min

May 26 (Reuters) - Shares of Marvell Technology soared about 23% on Friday after the chipmaker became the latest to project a big surge in revenue from the AI boom, days after larger peer Nvidia Corp (NVDA.O) signaled the huge potential for the technology. The gains were set to add nearly $10 billion to Marvell's market value as investors chase exposure to AI to counter weakness in many technology companies' traditional services and products. At least 17 brokerages raised their price targets on Marvell, taking the median price target to $65, implying a 31% upside to the stock's last close. The brokerage expects a demand boost from areas such as 5G, auto and AI-based products to offset weakness in enterprise networking, wired carrier and legacy data centers. Major cloud computing players Microsoft Corp (MSFT.O) and Alphabet Inc (GOOGL.O) are adding the latest AI technology to their products in hopes of boosting demand at a time the weak economy has been a drag on their growth.

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