Weekly Enterprise Tech Roundup from SiliconANGLE theCUBE
Stay on top of the "flow" from all the enterprise tech news this week from SiliconANGLE.com
Enterprise Tech Weekly Newsletter
Executive Summary
Welcome to the first of a new curated weekly news summary from the team at SiliconANGLE.com and theCUBE . This is our first substack edition of the Enterprise Tech newsletter. Our goal is to keep you fully informed with a concise and comprehensive update on the most important happenings from our three platforms: SiliconANGLE blog, theCUBE video program, and theCUBE Research team. Here are the top headlines and key stories from the week.
Top Headlines
AWS Appoints New CEO: Matt Garman succeeds Adam Selipsky, signaling potential organizational changes at AWS.
OpenAI vs. Google IO Gemini: A showdown in AI advancements as both companies push the envelope.
OpenAI Crawling YouTube: Google CEO Sundar Pichai's non-committal response on potential legal action.
Intel's New Leader: An outsider is tapped to lead Intel’s Foundry Services.
Key Stories This Week
AWS Leadership Change: Matt Garman steps in as CEO of AWS, hinting at significant organizational shifts to boost AI capabilities. This move could see AWS doubling down on its AI strategy and potentially exploring new business models under Garman's leadership.
Google I/O Highlights: AI dominated the event, with 120 mentions. Key takeaways include enhanced AI models, new tools for developers, and no new hardware announcements. Google aims for "infinite context" in AI, leveraging its vast data resources. This focus on AI could redefine Google's product strategies and market positioning in the near future.
CoreWeave's Massive Funding: AI cloud infrastructure startup CoreWeave secures $7.5 billion in debt financing. This significant influx of capital is expected to propel the company to new heights, potentially making it a key player in the AI cloud space.
Intel's New Leader for Fab Business: Kevin O’Buckley, formerly of Marvell and GlobalFoundries, takes charge of Intel’s Foundry Services. His leadership might bring fresh perspectives and strategic changes to Intel’s manufacturing capabilities.
Cybersecurity Consolidation: Despite no reduction in vendor count by enterprises, consolidation continues in the cybersecurity sector. This trend could lead to more integrated and comprehensive security solutions but may also reduce competition.
Enterprise Startups Raise Big: Significant funding rounds for Vercel, Sigma Computing, Harness, Weka, and Alkira indicate a robust interest in enterprise tech startups, showcasing the market's confidence in innovative enterprise solutions.
Quantum Computing Advances: Nvidia, IBM, and Google make significant strides in quantum computing technology. These advancements are paving the way for the next era of computing, with potential applications across various industries.
EU's Regulatory Actions: The EU investigates Meta over child safety rules and warns Microsoft about generative AI risks. These actions highlight the increasing regulatory scrutiny tech giants are facing, particularly concerning AI and data privacy.
Upcoming Major Events: Microsoft Build, Dell Tech World, IBM Think, and Informatica World are on the horizon, along with earnings reports from major tech companies. These events are expected to reveal further industry trends and innovations.
Detailed Breakdown
Google I/O Highlights
Google I/O was heavily centered around AI innovations:
AI Mentions: CEO Sundar Pichai emphasized AI 121 times.
No New Hardware: Pre-announcements included the Pixel 8a, but the focus was on servers, storage, and networking critical for AI.
Gemini 1.5 Pro: Previewed with a 2 million-token context window, demonstrating Google's capacity to process extensive data sets.
AI Sandbox: Showcased Google's advancements in AI, with insights from co-founder Sergey Brin and other key figures.
Project Starline: Google's telepresence system uses AI for realistic 3D imaging, set for commercialization with HP next year.
Read more about Google I/O: SiliconANGLE Coverage here.
Elsewhere in AI and Data
OpenAI: Launched GPT-4o, a new flagship model with real-time multimodal capabilities.
CoreWeave: Raised $7.5 billion for AI cloud infrastructure.
Stability AI: Potential sale discussions amid a cash crunch, seeking investment from Sean Parker's group.
Snowflake: Reportedly in talks to acquire AI model developer Reka AI for $1 billion.
AI Data and Content Wars: OpenAI's deal with Reddit, Sony's warning to AI firms, and TikTok teaming up with OpenAI.
Read more about OpenAI's latest moves: SiliconANGLE Coverage here.
Around the Enterprise
AWS Leadership Transition: Matt Garman's focus on AI to drive AWS's next phase.
Cisco's Strong Performance: Despite revenue drop, Cisco beats expectations and raises its full-year forecast.
Arm in AI Chips: Plans to enter the AI chip market next year.
Dell's New Servers: Featuring optimized cooling and Open Compute Project management.
Meta's Workplace Shutdown: Meta to close its business communications platform.
Quantum Computing: Nvidia, IBM, and Alice & Bob's significant developments in quantum technology.
Read more about AWS's new CEO: SiliconANGLE Coverage here.
Money Matters
AWS Investment: Plans to invest €7.8 billion into the European Sovereign Cloud.
Major Funding Rounds: Vercel, Sigma Computing, Harness, Weka, and Alkira raise significant capital.
Squarespace Acquisition: Set to be taken private by Permira for $6.9 billion.
Read more about recent funding rounds: SiliconANGLE Coverage here.
Cyber Beat
Consolidation Trends: LogRhythm and Exabeam merger, IBM and Palo Alto Networks partnership.
Attacks and Responses: FBI and DOJ seize control of BreachForums, sophisticated phishing campaigns targeting Meta.
New Security Services: Updates from Zscaler, Palo Alto Networks, Accenture, and more.
Read more about cybersecurity updates: SiliconANGLE Coverage here.
What’s Next
Upcoming Events: Link to upcoming enterprise events.
May 20-23: Dell Technologies World and Informatica World, covered by theCUBE and SiliconANGLE.
May 21-23: Microsoft Build, with full coverage from SiliconANGLE.
May 20-23: IBM Think, covered by theCUBE and SiliconANGLE.
Earnings Reports:
Monday, May 20: Palo Alto Networks and Zoom.
Wednesday, May 22: Nvidia, Snowflake, Synopsys, and Zuora.
Thursday, May 23: Workday.
Stay tuned for more insights and analyses from our team at SiliconANGLE.
Thanks for reading.
John Furrier
Executive Editor & Founder, SiliconANGLE Media