Breaking News: Technology
- Software startup deploys Singapore’s first quantum computer for commercial use - Singapore-based software firm Horizon Quantum Computing has become the first private firm to deploy a quantum computer for commercial use in the city-state.
- Salesforce beats on earnings, issues better-than-expected revenue forecast - Salesforce said its Agentforce artificial intelligence business is generating over $500 million in annualized revenue.
- Micron stops selling memory to consumers as demand spikes from AI chips - Demand driven by the AI infrastructure boom is creating shortages for certain products like memory.
- Microsoft stock sinks on report AI product sales are missing growth goals - Microsoft stock sank after a report that multiple sales teams for the company's Azure Foundry product missed growth goals in the last fiscal year.
- Musk's Starlink rival Eutelsat shares plummet 7% after report of SoftBank cutting its stake - The French satellite group has seen its stock fall following a steep hike in March.
- Anthropic reportedly preparing for one of the largest IPOs ever in race with OpenAI: FT - Anthropic, the AI startup behind the popular Claude chatbot, is reportedly in talks to launch one of the largest initial public offerings ever as 2025.
- Marvell to acquire Celestial AI for as much as $5.5 billion - The deal is an aggressive move for Marvell to acquire complimentary technology to its semiconductor networking business.
- Okta beats third-quarter earnings expectations - Okta said its benefitting from artificial intelligence widespread product adoption
- OpenAI is under pressure as Google, Anthropic gain ground - Sam Altman reportedly sent a memo to his staffers outlining a "code red" effort to improve ChatGPT.
- YouTube's new AI deepfake tracking tool is alarming experts and creators - A YouTube tool that uses creators' biometrics to remove AI-generated videos also allows Google to train its AI models on that sensitive data, experts told CNBC.