Tag: AI
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Seagate shares soar after debt deal
Shares of Seagate Technology climbed 10 percent on Wednesday after the data storage company announced a USD500 million debt exchange agreement, a move seen by investors as easing its near-term financing pressure.
AI powers Amazon profit growth
Amazon.com Inc. posted a surge in third-quarter profit, lifted by accelerating cloud demand and investment gains, even as hefty legal and restructuring costs weighed on operations.
Oracle soars on AI, multi-Cloud boom
Oracle Corp., the internationally-recognized information technology company, delivered strong fiscal first-quarter results and a bullish outlook, driven by accelerating demand for its multi-cloud infrastructure amid a global artificial intelligence (AI) boom.
Google parent Alphabet Q2 results shine amid AI and Cloud surge
Alphabet Inc., the parent company of Google, exceeded expectations with its second-quarter earnings, driven by strong performance in search, cloud, and AI.
Cisco study: AI driving urgent network overhaul globally
A global shift in enterprise network architecture is underway as artificial intelligence (AI), automation, and real-time data reshape the demands placed on corporate IT infrastructure, according to a new study released Thursday by networking giant Cisco.
