All articles by Refna Tharayil
Refna Tharayil
Turn/River Capital plans to divest Redwood Software in $2.5bn deal
The US-based Redwood Software offers full-stack automation for mission-critical business processes.
OpenAI to integrate media content from Condé Nast into ChatGPT and SearchGPT
The AI company is working with news partners to gather feedback and insights on the design and performance of SearchGPT.
Palo Alto Networks reports 57.1% rise in net income in latest quarter
The cybersecurity firm’s total revenues for Q4 FY24 were up 12.1% to $2.2bn, compared to $1.95bn in Q4 FY23.
AMD to acquire hyperscale server solutions provider ZT Systems in $4.9bn deal
ZT Systems’ expertise in designing and optimising cloud computing solutions is expected to help cloud and enterprise customers expedite the deployment of AMD-driven AI infrastructure at scale.
Fortune 500 companies flag AI risks in annual reports, up 473.5% YoY
Arize AI’s latest report, The Rise of Generative AI in SEC Filings, reveals that 281 Fortune 500 companies now flag AI risks, accounting for 56.2% of the total.
Texas Instruments secures up to $1.6bn funding boost for semiconductor expansion
The funding will facilitate the construction of three 300mm wafer fabrication facilities in Texas and Utah.
Applied Materials’ Q3 FY2024 net income increases by 9% to $1.7bn
The semiconductor chips’ equipment, services and software manufacturer’s revenues for Q3 2024 were up by 5% to $6.78bn, compared to $6.42bn in Q3 2023. In Q2 2024, Applied Materials’ revenues were $6.64bn
HPE to acquire hybrid cloud management platform Morpheus Data
Integrating Morpheus Data’s FinOps capabilities with its own multicloud IT data, HPE claims, will allow customers to better understand their cloud spending.
French authorities report over 140 cyberattacks during Paris 2024 Olympics
The French cybersecurity agency ANSSI recorded 22 incidents alone targeting IT systems – but none succeeded in disrupting the games.
Intel divests 1.18 million shares in British semiconductor company Arm
The divestment is part of Intel’s broader restructuring strategy, aimed at strengthening the company’s operational efficiency amidst rising competition in the semiconductor industry.