[ad_1] When Nvidia introduced eye-popping earnings on Wednesday with three-digit year-over-year progress, it was simple to get caught up within the pleasure. The corporate introduced in $13.5 billion for the quarter, up 101% over the prior 12 months, and nicely over its $11 billion steering. That’s actually one thing to get enthusiastic about. Nvidia is benefiting from being an organization in the best place on the proper time, the place its GPU chips are in excessive demand to run massive language fashions and different AI-fueled workloads. That in flip is driving Nvidia’s astonishing progress this quarter. (It’s value noting that…
Author: Ron Miller
[ad_1] It is dependent upon how integral you’re to the CIO’s plans Though we’re in a interval of financial uncertainty, I come bearing excellent news: All indicators level to IT spending going up in 2023. By all rights, that needs to be excellent tidings for startups. It’s not all rosy, nonetheless, as a result of in occasions of turbulence, startups actually should show their price. Corporations acknowledge that they need to maintain one eye on the long run and that innovation tends to occur at new firms, not these supposedly trusty older ones. Certain, the tried and true could have…
[ad_1] Nevertheless it might result in extra stability later this yr As dangerous financial information piles up seemingly each day, we don’t know what the long run holds besides that change is on the way in which. Though we’re seeing layoffs and hiring freezes at some firms, it doesn’t essentially imply the expertise crunch will instantly abate. There’ll possible be some lag earlier than we begin to see the tight job market we’ve skilled for the final couple of years start to loosen. Even then, there are particular fields like engineering, information science and cybersecurity, the place tech firms massive…
[ad_1] When Pinecone launched final yr, the corporate’s message was round constructing a serverless vector database designed particularly for the wants of information scientists. Whereas that database is on the core of what the corporate is doing, it’s shifting in the direction of a extra refined use case for that database round AI-driven search, serving to these information scientists discover the proverbial needle within the haystack. After we spoke to Pinecone founder and CEO Edo Liberty final yr on the time of his $10 million seed spherical, his firm was simply feeling its means, constructing out the database. He got…
[ad_1] Final evening, non-public fairness agency Thoma Bravo mentioned it agreed to accumulate Anaplan for $10.7 billion. The monetary planning software program firm’s inventory has declined sharply within the final six months, which probably gave the PE agency an opportunity to pounce. The inventory market hasn’t been sort to SaaS firms in latest months, which makes us marvel if we’re seeing the start of a development of personal fairness taking purpose at weak SaaS corporations. To reply that, let’s rapidly unpack the Anaplan transaction and higher perceive if Thoma Bravo is paying a premium for this firm. From there, we’ll have…