It was another busy week in enterprise and emerging technology, as well as in Elon crazyland, which is simply too riveting to ignore, except when we get sick of it.
Here’s all you need to know about what happened this week — OK, most of what you need to know — from stories in SiliconANGLE and beyond, with commentary.
And don’t miss this week’s installment of theCUBE Podcast out now, covering this and other news of the week, from analysts John Furrier and Dave Vellante.
X marks the splat
Musk set to replace iconic Twitter blue bird logo with X logo: Virtually no one thinks changing the Twitter brand to X is a good idea. Anyway, either Microsoft or Meta seem to own the site, or is it the trademark for social media, or both? Could Elon make all this work? Well, expectations are at rock bottom, so anything positive might be seen as a win. But it’s amazing how much he’s destroying Twitter’s credibility, surpassed only by how much he has destroyed his own. Twitter will likely live on, but honestly, why would you do so many things to make it less palatable to the people actually using it, let alone the advertisers supporting it? And why would people want to trust that all the things Elon wants to stuff into the app will be dependable or safe?
And here’s an interesting perspective from Esther Crawford, the former head of Twitter Blue famous for sleeping on the office floor after Elon took over. It’s clear if it wasn’t before that Twitter was messed up well before Musk arrived, but it seems equally clear he hasn’t helped things.
Still a cloudy outlook for cloud
Warmer: As CEO Sundar Pichai (pictured) noted, Google Cloud was profitable again while maintaining a 28% revenue growth rate: Alphabet/Google: Strong cloud growth driven by AI workloads boosts Alphabet’s stock
Cooler: Microsoft: Microsoft’s stock falls as demand for cloud services cools Oh, and, oops, CEO Satya Nadella’s reference to Azure revenue wasn’t as clear as it appeared
And a mixed picture for enterprise and beyond
Good but not good enough: ServiceNow: Despite beating earnings expectations and raising its full-year outlook, ServiceNow’s stock is down
Is digital advertising starting to come back? More than the metaver$e, for sure: Meta: Meta’s stock rallies on strong earnings beat and bullish guidance
Plus: some more goodish news for Meta: Study: Facebook might not be as politically polarizing as we think
Cyber uptick: Tenable, F5 and Check Point Software:
A mixed bag of chips from Intel, NXP, Texas Instruments and Samsung:
Intel delivers surprise profit despite facing ‘persistent weakness,’ sending its stock higher: Profits are nice but not a lot else to get too excited about here despite the stock uptick.
Meanwhile, AMD keeps rolling internationally: AMD to establish $400M chip design center in India
Weak spending by cloud providers continues to ripple out into enterprise tech providers: Juniper: Weak forecast gives Juniper investors the jitters and its stock falls
Another small bright spot for Intel: Mobileye: Mobileye tops second-quarter expectations despite increased chip costs
Tough times for an automation pioneer: Pegasystems: Pegasystems’ stock tumbles on earnings and revenue miss
AWS makes up for lost time on AI
Amazon Web Services made a raft of announcements, clearly intended to counter the perception that Microsoft is running away with the AI game. These were all from AWS Summit NYC this week, where SiliconANGLE co-CEO and theCUBE host John Furrier made the rounds:
And a nice TL;DR from analyst Zeus Kerravala: Final thoughts from AWS Summit NYC: It was all about generative AI
Adam Selipsky: There will not be one generative AI model to rule them all The AWS CEO talked to the Financial Times and didn’t say much we haven’t heard before, but his positioning versus Microsoft is interesting to hear. He’s right that it’s way too early for Microsoft’s presumed lead to be all that meaningful — especially since, as he points out, it’s betting on someone else’s AI models. This ain’t the browser wars, it’s much broader than that, and there won’t be an overriding winner.
Elsewhere on the AI beat
As large language models get bigger and bigger, supercomputers are the next battleground on the hardware front: Nvidia’s DGX Cloud platform now available, offering instant access to generative AI infrastructure
And a couple of deeper dives from David Strom on key developments in generative AI:
Big tech under fire
Senators propose creating new agency for regulating big tech I hate to be so skeptical, since big tech surely needs more oversight in addition to introspection (not holding my breath for the latter). But this sure looks like another attempt by people on both sides who have been unable to persuade the rest of us in the middle — let alone existing agencies that already look at these issues — that Google, Microsoft, Meta and other “big tech” companies are latter-day robber barons. There are many issues with big tech to address, but the approaches of both of these political wings seem more posturing than offering actual solutions.
Bundling redux, shades of the 1990s: EU launches antitrust investigation into Microsoft Teams after Slack complaint
On the cybersecurity beat
David Strom digs into the resurgence of a serious cyberthreat: The banking trojan malware Qakbot is surging again. Here’s what it means for defenders
PE cyber roll-ups roll on: Thales acquires cybersecurity provider Imperva for $3.6B
If they weren’t already, the folks doing Other Bets at Alphabet surely must be worried: Alphabet CFO Ruth Porat takes on new role overseeing its investments
Someone to watch: Anjney Midha, Andreessen Horowitz’s new AI investment partner
Coming next week:
Earnings from (among others) Amazon, Apple, Arista, AMD, Commvault, Uber, Qualcomm, Informatica, Cloudflare and Fortinet.
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