Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Gartner"


25 mentions found


Crusoe Energy, which began as a cryptocurrency mining operation, converts flared gas into electricity that powers its data centers. Photo: Crusoe EnergyThe immense amount of energy needed to power generative artificial intelligence models, like the one behind ChatGPT, is creating a new market for data centers that run on alternative energy sources. Supply of electricity, which currently powers the vast majority of data centers, is already strained from existing demands on the country’s electric grids. AI could consume up to 3.5% of the world’s electricity by 2030, according to an estimate from IT research and consulting firm Gartner .
Organizations: Energy, Gartner
Microsoft -owned GitHub on Wednesday introduced a more expensive Copilot assistant for developers inside companies that can explain and provide recommendations about internal source code. Last month Microsoft CEO Satya Nadella told analysts on a conference call that GitHub Copilot had accumulated 1 million paid users. The new GitHub Copilot Enterprise will cost more than double the business offering, at $39 per person per month. On GitHub's website, people with Copilot Enterprise licenses can choose repositories to fine-tune Copilot on proprietary code. From there, they can ask GitHub's Copilot chatbot about elements of existing code and suggest lines of code in development environments.
Persons: Thomas Dohmke, GitHub, Satya Nadella, GitHub Copilot, GitHub's, Stephen O'Grady, Amazon's CodeWhisperer, Dohmke, Gartner, Copilot, O'Grady, Piper Sandler Organizations: Microsoft, Amazon, Services, CNBC, Copilot Enterprise, Google, Gartner, Enterprise, Piper, Copilot Locations: Toronto, San Francisco
It also touted a new version of its AI model called GPT-4 with vision, or GPT-4V, that enables the chatbot to analyze images. ChatGPT has more than 100 million weekly active users and 2 million developers, spread “entirely by word of mouth," Altman said. The conference comes a week after President Joe Biden signed an executive order that will set some of the first U.S. guardrails on AI technology. The order built on voluntary commitments set by the White House that leading AI developers made earlier this year. OpenAI also faces competition from developers of so-called open source models that publicly release their code and other aspects of the system for free.
Persons: ChatGPT, you’ll, , Sam Altman, Altman, Alyssa Hwang, Hwang, ” Hwang, OpenAI, DevDay, Joe Biden, Satya Nadella, Nadella, ” Altman, Microsoft's Bing, Bard, Claude, Tesla, Elon Musk, Musk, “ Elon's, Arun Chandrasekaran, Chandrasekaran, Goldman Sachs, — — O'Brien, Organizations: FRANCISCO, Apple, Honda, University of Pennsylvania, Microsoft, Google, White, Twitter, , Associated Press Locations: OpenAI's, San Francisco, U.S, Providence , Rhode Island
CNN —The technology behind viral AI chatbot ChatGPT just got a whole lot smarter. Microsoft CEO Satya Nadella, an early partner of OpenAI, joined Altman on stage to discuss how his company continues to infuse GPT technology into its suite of 365 tools. Similar to plugins, GPT can connect to databases, be used in emails or facilitate e-commerce orders, the company said. A digital ecosystemOpenAI is also rolling out a GPT Store, starting later this month, to allow GPTs to become searchable. “We are just as annoyed as all of you, probably more, that GPT’s knowledge of the world ended in 2021,” he added.
Persons: ChatGPT, OpenAI, Sam Altman, Satya Nadella, Altman, , “ I’ve, , ” Altman, Arun Chandrasekaran, “ GPTs, you’ll Organizations: CNN, Fortune, Microsoft, Adobe, Gartner Research Locations: San Francisco, what’s
Dave Aron, a vice president and fellow in Gartner’s CIO research group, speaks to CIOs at the Gartner IT Symposium/Xpo last month. Photo: Steven Rosenbush/The Wall Street JournalCompanies are placing emphasis on driving a rapid return on their investments in AI and other technologies. Uncertainty across a range of fronts—financial, economic, technological and geopolitical—makes timely return on investment , always a priority, even more important for many companies.
Persons: Dave Aron, CIOs, Steven Rosenbush Organizations: Gartner, Street Journal
Expedia — Shares surged 17% during midday trading Friday, a day after the vacation booking platform delivered a stronger-than-expected earnings report for the third quarter. Analysts polled by LSEG forecasted earnings of $4.93 per share and $3.86 billion in revenue. Paramount Global — The media conglomerate stock climbed 12% after reporting a third-quarter earning s beat on the top and bottom line. On Thursday, the company reported an adjusted 30 cents per share on $7.13 billion in revenue, while analysts polled by LSEG forecast 10 cents and $7.10 billion. The company reported revenue of $285.9 million against estimates from analysts polled by FactSet of $275 million.
Persons: Expedia, Bill Holdings, KeyBanc, DraftKings, Carl Icahn, Insulet, Gartner, FactSet, , Jesse Pound, Hakyung Kim, Alex Harring, Darla Mercado Organizations: LSEG, Apple, Paramount Global, Wall, FactSet, Revenue, Bank of America, Citi, JPMorgan Chase —, JPMorgan, Gartner, Lionsgate Entertainment, CNBC, Starz, Lionsgate Locations: CashApp
Morning Bid: Stocks clocking best week of the year
  + stars: | 2023-11-03 | by ( ) www.reuters.com   time to read: +5 min
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2023. The U.S. October employment report out later on Friday caps a hectic two weeks of central bank decisions, company updates and unnerving geopolitics. As the first major marker of U.S. economic strength in the final quarter of the year, the payrolls report packs a punch despite expected strike-related distortions. The interest rate relief this week is pervasive, however, as the Fed, ECB and BoE all paused tightening and U.S. Treasury debt sales worries ebbed somewhat. U.S. Treasury (.MOVE) and equity market (.BIX) volatility gauges have subsided to their lowest levels since early last month.
Persons: Brendan McDermid, Mike Dolan, BoE, ebbed, Antony Blinken, Sam Bankman, Fried, Michael Barr, Neel Kashkari, Huw Pill, Emelia Sithole Organizations: New York Stock Exchange, REUTERS, Mike, U.S, Federal Reserve, European Central Bank and Bank of England, Apple, Fed, ECB, Treasury, U.S . Treasury, Labor Department, Eversource Energy, Cardinal Health, Dominion Energy, Gartner, Church, Dwight, AMC, Liberty Media, Icahn Enterprises, Federal, Bank of England, Israel Productivity, Reuters Graphics Reuters, Reuters, Thomson Locations: New York City, U.S, Isreal, Gaza, Gaza City, Canada, Minneapolis, Israel
Nov 3(Reuters) - Information Technolgy Consultant Gartner Inc (IT.N) beat third-quarter results estimates on Friday and nudged up its annual earnings forecast, as it benefits from stable demand for its research and consulting services. The Stamford, Connecticut-based company also upgraded its annual earnings forecast and now expects revenue of $5.89 billion, up from its prior forecast of $5.85 billion. Gartner expects adjusted earnings for the year to be $10.9 per share, up 90 cents per share from its previous projection. The company's core research business saw a nearly 6% jump in revenue to $1.22 billion for the quarter ended Sept. 30. Gartner earned $2.56 per share on an adjusted basis in the three months ended Sept. 30, beating analyst estimates of $1.96 per share.
Persons: Gartner, Juby Babu, Tasim Zahid Organizations: Gartner Inc, Gartner, PayPal, Comcast, Revenue, Thomson Locations: Stamford , Connecticut, Bengaluru
Final Trades: Gartner, United Airlines & more
  + stars: | 2023-11-03 | 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 EmailFinal Trades: Gartner, United Airlines & moreThe "Halftime Report" traders give their top picks to watch for the second half.
Organizations: Gartner, United Airlines
On Wednesday, the company started selling the Microsoft 365 Copilot artificial intelligence add-on for its Office app subscriptions targeting businesses. Wong said Gartner encourages organizations to experiment with generative AI, which can create synthetic images and text with just a few words of human input. "I think getting to 20% will be reasonable within two to three years for technologies like Copilot, because there's going to be early adopters, and there's going to be fast followers," he said. Microsoft acknowledges on its website that "the responses that generative AI produces aren't guaranteed to be 100% factual." Microsoft says prompts and responses in Copilot aren't used to train language models and adhere to the company's privacy standards.
Persons: Piper Sandler, Brent Bracelin, Hannah Rudoff, Piper Sandler's, Bracelin, Satya Nadella, Nadella, we've, Jason Wong, Wong, Gartner, Piper Sandler's Bracelin, ChatGPT, aren't, Katie Stockton Organizations: Microsoft, Google, CNBC, Copilot, Bayer, KPMG, Mayo Clinic, Suncorp, Visa, Gartner, Companies
Tyler Technologies misses quarterly revenue estimates
  + stars: | 2023-11-01 | by ( ) www.reuters.com   time to read: +1 min
Nov 1 (Reuters) - Tyler Technologies (TYL.N) missed Wall Street estimates for third-quarter revenue on Wednesday, as the IT service provider faces stiff competition from bigger firms in an uncertain economy. Plano, Texas-based Tyler posted revenue of $494.7 million for the quarter ended Sept. 30, slightly below analysts' estimates of $495.9 million, according to LSEG data. Tyler now expects annual revenue in the range of $1.942 billion to $1.962 billion, compared with prior estimates of between $1.940 billion and $1.965 billion. The company raised its annual adjusted profit per share to a range of $7.66 to $7.80, from its prior estimate of between $7.60 and $7.75. Third-quarter profit per share stood at $1.10, compared with $1.26 per share, a year earlier.
Persons: Tyler, Jaspreet Singh, Shailesh Organizations: Tyler Technologies, Thomson Reuters, Oracle, Motorola Solutions, Gartner, Reuters, Thomson Locations: Plano , Texas, Bengaluru
New York CNN —Sam Altman thinks the technology underpinning his company’s most famous product could bring about the end of human civilization. As many as 300 million full-time jobs around the world could eventually be automated in some way by generative AI, according to Goldman Sachs estimates. Challenges aheadWhen starting OpenAI, Altman told CNN in 2015 he wanted to steer the path of AI, rather than worrying about the potential harms and doing nothing. OpenAI CEO Sam Altman addresses a speech during a meeting at Station F in Paris on May 26. Sam embodies that for AI right now.”The world is counting on Altman to act in the best interest of humanity with a technology by his own admission could be a weapon of mass destruction.
Persons: Sam Altman, OpenAI’s ChatGPT, Altman, ChatGPT, Goldman Sachs, , Patrick Semansky, ‘ Kevin Bacon, Mairo, ” Altman, Kamala Harris, Joe Biden, OpenAI, Elon Musk, Kyunghyun Cho, JP Lee, Greg Brockman, SeongJoon Cho, Kevin Bacon, Aaron Levie, “ I’ve, he’s, ” Levie, Bern Elliot, , Rowan Curan, Forrester, , Biden, Joel Saget, Emily Bender, Margaret O’Mara, O’Mara, Gates, Jobs Organizations: New, New York CNN, World Economic, Privacy, Technology, Capitol, Silicon, White House, New York University, Softbank Ventures, Bloomberg, Getty, CNN, Gartner Research, Israeli Defense Force, University of Washington, Laboratory Locations: New York, Washington ,, Washington, Valley, Silicon, Silicon Valley, Milan, Italy, Softbank Ventures Asia, Seoul, South Korea, Big Sur, Paris, AFP, Manhattan
Washington, DC CNN —The Fed’s fight against inflation is about to enter a new phase, but the central bank’s enormous balance sheet will continue to play a key role. The Fed also manages a multi-trillion-dollar balance sheet that accounts for trillions in government securities and lists how much currency is in circulation. For over a year now, the Fed has been steadily shrinking its balance sheet to help cool the economy. The Fed’s balance sheet is currently at around $7.9 trillion, down from its peak of $9 trillion in early 2022 right before the runoff. They also see alternative scenarios for the end of the balance sheet runoff if there isn’t a recession.
Persons: that’s, Lael Brainard, What’s, Wells, Jerome Powell, JPMorgan Chase’s Jamie Dimon, Jamie Dimon, Krystal Hur, Dimon —, Mr, Dimon, JPMorgan Chase, what’s, Estee Lauder, Kraft Heinz, Yum, Bausch, Eli Lilly, Molson Organizations: CNN Business, Bell, DC CNN, Congress, Fed, Wall Street, JPMorgan, JPMorgan Chase, CNN, HSBC, McDonald’s, China’s National Bureau of Statistics, Bank of Japan, Pfizer, Caterpillar, Marathon Petroleum, Sirius XM, Anheuser, Busch, BP, Chesapeake Energy, US Labor Department, Global, Board, CVS, GSK, Humana, Reuters, Apollo Global Management, Brands, Garmin, Cruise Line Holdings, Qualcomm, Airbnb, PayPal, MetLife, Aflac, AIG, Allstate, Prudential, P Global, Institute for Supply Management, Federal Reserve, ConocoPhillips, Starbucks, Duke Energy, Shopify, Ferrari, Marriott International, Moderna, Fox, Molson Coors, Hyatt, Apple, Motorola, Bank of England, Dominion Energy, Gartner, Restaurant Brands Locations: Washington, Treasuries, China’s, Mondelez, DoorDash, Avis, Shell, Cigna
Roper features a host of enterprise software segments such as Strata, its financial analysis and performance platform catered to the healthcare industry, and Aderant, a business management software provider targeted towards law firms. The Sarasota, Florida-based company reported an adjusted profit of $4.32 per share in the third quarter, beating analysts' average estimate of $4.22 per share. Revenue from the application software business - Roper's biggest - rose nearly 25% from a year earlier to $803.4 million in the quarter ended Sept. 30. Its total third-quarter revenue was up 16% year-on-year at $1.56 billion, compared with analysts' estimates of $1.55 billion. In August, Roper completed its $1.25 billion acquisition of performance management software provider Syntellis Performance Solutions, enhancing its capacity to deliver cloud-based solutions.
Persons: Roper, Arsheeya, Shweta Agarwal Organizations: Roper Technologies, Wall, Global, Gartner, Revenue, Thomson Locations: Sarasota , Florida, Bengaluru
Gartner’s Don Scheibenreif, right, and Mary Mesaglio discuss the new relationship between artificial intelligence and people at the Gartner IT Symposium/Xpo in Orlando, Fla., on Monday. Photo: Steven Rosenbush / The Wall Street JournalChief information officers have emerged in a stronger position than many experts expected during the past few years because of the forces unleashed by the pandemic and disruptive advances in artificial intelligence. CIOs, who bridge technology and business leadership, are viewed by many chief executives as critical to adopting AI, cloud computing and cybersecurity, all now seen as inseparable from business itself. Increasingly, companies believe they must transform for a new AI era, just as they did to keep pace with mobile computing and the internet.
Persons: Don Scheibenreif, Mary Mesaglio, Steven Rosenbush Organizations: Gartner, Street Locations: Orlando, Fla
But multiple memory chips are needed to support each GPU or CPU, so making memory requires more fab space. Micron says construction in New York will begin at the end of 2024 and chip production there will start in 2027. By 1980, it was building its first fab and a year later was pumping out a revolutionarily small 64K DRAM chip. Gatzemeier, who joined as an intern in 1997, explained the two main kinds of memory: DRAM and NAND. When it comes to the biggest type of memory, DRAM, Samsung is by far the leader, followed by SK Hynix and then Micron.
Persons: Sanjay Mehrotra, Ben Farrar, Scott Gatzemeier, Mehrotra, Chuck Schumer, Schumer, Kathy Hochul, Hochul, Gatzemeier, Katie Tarasov, Kent Kessinger, Patrick Moorhead, Gaurav Gupta, it's, Moorhead, HBM, China's, Gartner's Gupta, that's, Xi Jinping, Micron's Organizations: Samsung, SK Hynix, Micron, CNBC, U.S, Intel, AMD, Labor, Syracuse . New York Gov, New York, Texas, Gartner, Apple, Motorola, Asus, China Micron, Biden Locations: South Korea , Idaho, U.S, China, Japan, Taiwan, Boise , Idaho, New York, Manassas , Virginia, Syracuse , New York, Asia, Syracuse, Idaho, New, Jose, Boise, India, Fujian
A startup that uses generative AI to create synthetic data has just nabbed $6 million in Series A funding from United Ventures. Italian startup Aindo, which launched in 2018, has developed and patented a technology which can generate artificial data, which mimics the characteristics and patterns of the original dataset. This can then be used to train AI models across a range of industries. IBy 2024, 60% of the data used for AI will be synthetic, according to estimates from Gartner. Europe's data protection laws also mean that acquiring certain data points – such as medical records or patient details — is difficult.
Persons: Daniele Panfilo, Panfilo, Aindo's, Aindo Organizations: United Ventures, Gartner
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGartner: Global IT spending is expected to top $5 trillion for the first time this yearJohn Lovelock, chief of research for IT forecasting at Gartner, discusses how much companies may be willing to spend over the next year, as the use of AI continues to boom.
Persons: John Lovelock Organizations: Gartner, Global
A new Microsoft AI tool could make up for the soft skills that some managers say Gen Z lacks . Microsoft 365 Copilot will us AI to help users write better emails, the company says. AdvertisementAdvertisementCompanies that use Microsoft Outlook for correspondence are getting an AI-powered tool that will help draft emails beginning next month. Some managers have complained about their supposedly lazy Gen Z workers, who they need to be supervised all day to ensure they're keeping up with their tasks. ResumeBuilder.com surveyed more than 1,300 US managers in April, and most of them said that Gen Z is the "most challenging generation" to work with.
Persons: , Copilot, ResumeBuilder.com, Cherie Gartner, there's, It's Organizations: Microsoft, Service, KPMG, Visa, General Motors, Lumen Technologies, CNN
AI may force IT spending into economic decoupling
  + stars: | 2023-10-11 | by ( Pranav Kiran | ) www.reuters.com   time to read: +3 min
BENGALURU, Oct 11 (Reuters Breakingviews) - Global CEOs are under pressure from investors to adopt generative artificial intelligence into their businesses. Outsourcers like $200 billion Accenture are sounding the alarm. Accenture sold $300 million in generative AI deals in the year to August, less than 1% of its $72 billion in total new bookings. Blackstone-backed Mphasis, a smaller firm, says one-third of its total contract value of $707 million for the quarter to the end of June was from “pure AI deals”. The full spectrum of how businesses can use generative AI is still emerging but there are obvious applications: customer support agents and coders are seeing productivity increases of 14% and 55% respectively.
Persons: ChatGPT, Julie Sweet, Una Galani, Thomas Shum Organizations: Reuters, Global, Accenture, Tata Consultancy Services, Infosys, HCL Technologies, Consulting, Gartner, Blackstone, Thomson Locations: BENGALURU, U.S, India
Softbank also owns 65% of the GreenBox venture, which launched with $100 million in investment by the two companies. They say it's a $500 billion market, and an example of the kind of change AI can bring to the economy at large. But not as many investors know about Softbank's "other" big AI investment, Wilmington, Mass.-based software and robotics maker Symbotic , which Walmart has taken a big stake in itself. Symbotic teamed up with Softbank to build GreenBox in order to preserve its own capital, Cohen told analysts. The GreenBox market for smaller companies shapes up as another $500 billion of possible demand, Gartner's Klappich said.
Persons: Rick Cohen, Softbank, Robert W, Baird, Vikas, Schwarz, Kristin Schwarz, Vikas Parekh, Parekh, Giordano, I've, TD Cowen, Joseph Giordano, GreenBox, Dwight Klappich, Symbotic, Klappich, Mason, Cohen, , Bill Boyd, Gartner's Klappich, Doug McMillon Organizations: Walmart, CNBC, Gartner, Target, Venture, Arm Holdings, Wholesale, Forbes, Revenue Locations: GreenBox, Wilmington, Mass, Fla
Evercore ISI initiated coverage of Aclaris Therapeutics , a clinical stage biotech working on immunology and inflammation drugs, at an outperform, saying the market is underpricing its odds for success heading into the release of clinical trial data. Admittedly, the upcoming trial results may not be successful, which makes the bet a risky one, he said. If Aclaris is successful with zunsemetinib, it will be the only MK2 inhibitor on the market for rheumatoid arthritis, which Evercore ISI sees as an advantage. A similar drug from Bristol Myers Squibb wasn't successful in a different form of arthritis. Evercore ISI expects investors are only pricing in a 20% chance of positive data from the clinical trial, whereas the firm expects the odds are closer to 50%.
Persons: Gavin Clark, Clark, Gartner, zunsemetinib, Aclaris, Bristol Myers Squibb wasn't, — CNBC's Michael Bloom Organizations: Evercore ISI, Aclaris Therapeutics, Gartner, Clark, Bristol Myers Squibb
Introduced in 1998 when Netflix first launched, the DVD service promised an easier rental experience than having to drive to the nearest Blockbuster or Hollywood Video. McEvoy has remained faithful to Netflix’s DVD service so he can keep watching Bollywood and obscure independent films not often found on streaming services. Bill Rouhana, the CEO of Chicken Soup for the Soul Entertainment – which owns DVD rental service Redbox – told The Hollywood Reporter in April he hoped to purchase Netflix’s DVD business. Still, he said, he’s “sad” to see Netflix’s DVD service depart. “I absolutely would not have been able to find all of those movies [I’ve watched] if not for the Netflix DVD service,” he said.
Persons: Colin McEvoy, McEvoy, , , who’ve, Brandon Cordy, Michael Inouye, Ted Sarandos, Netflix’s, Eric Schmitt, ” Cordy, Bill Rouhana, Redbox –, he’s, Viki Organizations: CNN, Netflix, Blockbuster, Hollywood, ABI Research, Gartner Research, Soul Entertainment, Disney Locations: Bethlehem , Pennsylvania, Atlanta
Since the beginning of the pandemic, corporate bosses have used Labor Day as a benchmark to call workers back to offices. New data shows that office attendance rates have, indeed, picked up since 2020, though even the latest annual autumn push shows the limits to how many more people may return. It begs the question as another Labor Day return has come and gone: Is anyone taking new RTO announcements seriously? 1 reason people don't want to use their office, according to an October 2022 Gartner survey, followed closely by the cost of going into the office. Half of workers say RTO prioritizes leader desires over employee needs
Persons: it's, Caitlin Duffy, There's, Duffy, Natalie Norfus, I'm, Norfus, RTO Organizations: Google, Kastle Systems, Gartner, Labor Locations: U.S, Montana, Covid
Over the past few days, I’ve been taking phone calls, playing music and scrolling through widgets on the new Apple Watch Series 9 without ever touching the device. The feature isn’t entirely new; the previous generation of Apple Watch Ultra was capable of similar pinch-and-clench gestures via its Assistive Touch accessibility tool. The future of hands-free devicesThe new Apple Watch Series 9 can be controlled by tapping two fingers together. The Apple Watch Series 9 will start at $399 and the Ultra is priced at $799. Although they start shipping on Friday, September 22, the Double Tap feature will launch via a software update next month.
Persons: I’ve, Cupertino , California Justin Sullivan, Apple, it’s, , Annette Zimmerman, they’ve, It’s, Sachin Mehta, Mehta, there’s Organizations: CNN, Apple, Apple Watch, smartwatches, Vision, Gartner Research, Apple Apple, Samsung, ABI Research Locations: Cupertino , California
Total: 25