Vice President Kamala Harris’ presumed ascension to the Democratic presidential nomination following President Joe Biden’s withdrawal scrambled this week definitely scrambled the race, but it surely additionally set everybody in tech questioning what a Harris administration would possibly imply.
Backside line: No one is aware of — and naturally there’s no assure she’s going to win the election come November, regardless of some reenergized supporters within the trade. However it’s seemingly that there shall be some adjustments in tech coverage if she wins. She appears prone to take a center floor in synthetic intelligence, which is to say roughly in keeping with Biden’s insurance policies. On different key points, it’s not so clear, even when her California and Bay Space bona fides suggests she is extra amenable to insurance policies that encourage innovation. Little question we’ll hear much more very quickly.
It was one other large week for generative AI, because the march of AI fashions accelerated because of new ones from, properly, nearly everybody out there. Huge fundings additionally continued with greater than a half-billion every to Cohere and even a Chinese language firm, Baichuan. Furthermore, AI is boosting earnings of all the pieces from chipmakers equivalent to Texas Devices and SK Hynix to enterprise stalwarts equivalent to IBM and SAP, but it surely didn’t assist Alphabet sufficient given slowing advert progress.
On the similar time, AI is coming beneath rising hearth from researchers, YouTube creators and actors — there are quite a lot of knotty points nonetheless to be labored out.
On the cybersecurity entrance, CrowdStrike acted shortly to determine its internet-killing bug and repair it, however a $10 Uber Eats present card isn’t going to mollify anybody anytime quickly. Meantime, Wiz ended its big-money Google talks and can work towards an IPO as an alternative.
Talking of IPOs, OneStream has a profitable one this week, however will it’s sufficient to restart choices? In any case, subsequent week will present an enormous learn on tech sentiment going ahead, with earnings stories due from Microsoft, AMD, Samsung, Arm, Qualcomm, Meta, Intel, Amazon, Apple, Cloudflare and extra.
And subsequent Tuesday and Wednesday, July 30 and 31, we’ll be operating our personal editorial occasion, Supercloud 7: Get Prepared for the Subsequent Knowledge Platform. Free on-line and on-demand afterwards, it should characteristic high-octane audio system equivalent to Databricks CEO Ali Ghodsi, Snowflake co-founder and President of Merchandise Benoit Dageville, information mesh guru and Nextdata CEO Zhamak Dehghani, VAST Knowledge CEO Renen Hallak and lots of extra from Google, Microsoft, Walmart and a raft of startups. Register right here.
SiliconANGLE and theCUBE Analysis analysts John Furrier and Dave Vellante talk about this and different information in additional element on theCUBE Pod, now out on YouTube. And don’t miss Vellante’s weekly deep dive, Breaking Evaluation, out this weekend.
Right here’s the large information of the week from SiliconANGLE and past:
AI and information: March of the AI fashions
Cash issues
Alibaba-backed Chinese language AI startup Baichuan raises $691M
AI mannequin developer startup Cohere raises $500M at $5.5B valuation
IntelePeer raises $140M to automate customer support with generative AI
AI name heart startup Degree AI raises $39.4M to spice up innovation
Lakera AI raises $20M to thrust back malicious prompts on generative AI fashions
Splight raises $12M to unlock the potential of renewable vitality sources with AI
AI belief startup Vijil raises $6M to forestall AI brokers saying the fallacious issues
Chekable luggage funding from NEC to streamline patent purposes with generative AI
New providers, and an entire lot of recent fashions
OpenAI debuts AI-powered SearchGPT search engine
Google DeepMind unveils AI fashions for fixing superior mathematical issues
Meta introduces Llama 3.1, its largest and finest open-source AI mannequin so far
Google’s free Gemini chatbot will get 1.5 Flash replace, making responses sooner and smarter
Nvidia works with Accenture to pioneer customized Llama massive language fashions
Stability AI introduces Secure Video 4D, its new AI mannequin for 3D video technology
Microsoft debuts AI-powered summaries in Bing search engine
Researchers develop new method for squeezing full-fat AI fashions into PCs and smartphones
Iterative debuts DataChain for curating and processing unstructured information with AI fashions
Dialpad releases enhanced ‘Ai Gross sales’ platform to streamline gross sales processes
In different information, AI comes beneath hearth from a lot of quarters
X’s new AI coaching opt-out setting attracts regulatory scrutiny
Researchers discover that AI-generated net content material might make LLMs much less correct
In newest AI coaching drama, Runway accused of utilizing publicly obtainable YouTube movies
Online game actors to go on strike following breakdown in AI talks with sport builders
FTC will launch probe into AI-driven surveillance pricing
There’s extra AI and huge information information on SiliconANGLE
Across the enterprise: AI retains boosting earnings
Earnings and different cash issues
Alphabet beats the Road however slowing advert progress drags on inventory worth
SAP posts strong outcomes and raises revenue goal for 2025
NXP Semiconductor’s inventory falls on weak outlook
Tesla shares drop 6% on combined outcomes as price-cutting drives down automotive income
Texas Devices inventory rises after it posts earnings beat
SK Hynix second-quarter revenue surges on AI chip gross sales (per the Wall Road Journal)
Seagate shares rise 5% after better-than-expected earnings
Pegasystems’ earnings beat forecasts and inventory rises
Juniper disappoints with earnings that fall properly wanting forecasts
OneStream shares pop 34% on Nasdaq debut in constructive signal for tech IPOs
Authorized software program startups Clio and Harvey increase nine-figure funding rounds
QA Wolf raises $36M in recent funding to ease utility reliability testing
In different information
Intel says patch is coming to repair processor instability drawback plaguing players for months
Placing stress on Google, Apple Maps is now obtainable on the net
There’s loads extra information on cloud, infrastructure and apps
Cyber beat: Wiz deal fizzes out
Cash issues
Wiz reportedly ends $23B acquisition talks with Google
Compliance automation and belief administration startup Vanta raises $150M
Chainguard nabs $140M to safe enterprise purposes’ open-source elements
Unified safety remediation platform startup Dazz raises $50M to reinforce capabilities
Linx Safety raises $33M for its identification safety platform
Heeler Safety raises $8.5M to advance real-time utility safety platform
AI-powered cloud threat decision startup ZEST Safety launches with $5M in funding
Assault & response
CrowdStrike reveals reason for defective replace that led to Home windows crashes However a minimum of individuals acquired a $10 Uber Eats present card out of it… 🙄
Microsoft reveals solely 8.5M Home windows computer systems have been affected by CrowdStrike outage
US grand jury indicts North Korean hacker for function in Andariel cyberattacks
Stolen inside paperwork from Pentagon contractor Leidos leaked on-line
NetRise examine warns that community gear vulnerabilities far exceed earlier estimates
Cisco Talos: Enterprise e mail compromise and ransomware topped threats in second quarter
Now-patched Telegram for Android vulnerability uncovered customers to malicious movies
New PlugX RAT marketing campaign distributed by means of USB drives targets Steam customers
New providers
New Safe Code Warrior agent enhances secure-by-design method for utility safety groups
Extra cybersecurity information right here
Elsewhere in tech
Coverage
Google now not plans to finish help for third-party cookies in Chrome
EU finds that Meta’s ad-free tier could also be in breach of shopper safety guidelines
EU reportedly set to positive Meta over allegedly anticompetitive Market Fb integration
Cash issues
Electrical autonomous tractor firm Monarch Tractor raises $133M
Warehouse robotics automation agency Mytra launches with $78M to vary how supplies transfer
Cyber insurance coverage supplier Cowbell reels in $60M to develop its product portfolio
Caldera raises $15M to assist builders deploy their very own scaling for blockchain networks
And take a look at extra information on rising tech, blockchain and crypto and coverage
Comings and goings
Excessive-profile ServiceNow govt CJ Desai quits over inside hiring coverage violation
Verify Level Software program appoints Nadav Zafrir new CEO after earnings beat, changing co-founder and CEO Gil Shwed, who turns into govt chair.
Knowledge safety agency Bedrock Safety has a brand new CEO: Bruno Kurtic, co-founder and former chief technique officer of Sumo Logic.
Intel names Naga Chandrasekaran to steer foundry manufacturing and provide chain, succeeding retiring Keyvan Esfarjani as chief world operations officer.
AMD President Victor Peng, who had rejoined the corporate with the acquisition of Xilinx in 2022, will retire on Aug. 30.
DigitalOcean hires former Rapid7 Chief Buyer Officer Larry D’Angelo to be its new chief income officer.
Former Boston Consulting Group exec Pranay Ahlawat is Commvault’s first chief expertise and AI officer.
Hewlett Packard Enterprise appoints its Chief Communications Officer Jennifer Temple to a brand new put up of chief advertising and marketing officer and chief communications officer as present CMO Jim Jackson retires Aug 1.
What’s subsequent
July 30: Supercloud 7: Get Prepared for the Subsequent Knowledge Platform: Our newest Supercloud editorial occasion will have a look at the muse for the brand new AI period, with a number of executives, practitioners, analysts and entrepreneurs from startups to established corporations. Listed here are a few of the matters we’ll be exploring. And rise up to hurry with our particular part forward of the occasion.
Earnings — an enormous lineup subsequent week
Monday, July 29: F5 Networks
Tuesday, July 30: Microsoft, AMD, Samsung, Arista, Informatica, Commvault, Freshworks and PayPal
Wednesday, July 31: Arm, Qualcomm, Meta, Kyndryl, Tenable and Western Digital
Thursday, Aug. 1: Intel, Amazon, Apple, Cloudflare, Mobileye, Twilio, Appian, OpenText, RingCentral, Altair, Atlassian, SolarWinds, Block, Coinbase and Snap
Picture: SiliconANGLE/Ideogram
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