Intel Corp. took a beating in after-hours trading today on the back of disappointing first quarter financial results and a weak outlook that came in below most analysts’ forecasts. The chipmaker reported a net loss for the quarter of $437 million, improving on the $2.8 billion loss it recorded one year earlier. On an adjusted […] The post Intel’s stock slides on weak forecast appeared first on SiliconANGLE ..read more

Microsoft Corp. rode strong cloud performance to better-than-expected financial results in its fiscal third quarter today, with enterprise spending on artificial intelligence playing an increasingly important role in cloud growth. Revenue rose 17%, to $61.86 billion, eclipsing analysts’ estimates by nearly $1 billion. Net income of $21.9 billion, or $2.94 per share, also came in […] The post Strong cloud growth boosts Microsoft earnings and stock price appeared first on SiliconANGLE ..read more

Shares of Google LLC’s parent company Alphabet Inc. were rallying in late trading today after it reported first quarter earnings and revenue that topped analysts’ estimates, delivered strong profit from its cloud unit and announced its first-ever dividend. The company’s stock was up more than 11% in the extended trading session, lifting its market capitalization […] The post Google parent Alphabet’s stock spikes on strong cloud profits, AI demand and first cash dividend appeared first on SiliconANGLE ..read more

Shares in Check Point Software Technologies Ltd. closed down 5% in regular trading today despite the cybersecurity company beating expectations in its latest quarterly earnings report. For its first quarter ended March 31, Check Point reported adjusted earnings per share of $2.04, up 13% year-over-year, on revenue of $599 million, up 6% year-over-year. Both were beats, as […] The post Check Point delivers strong quarterly revenue growth but stock drops appeared first on SiliconANGLE ..read more

Shares in Check Point Software Technologies Ltd. closed down 5% in regular trading today despite the cybersecurity company beating expectations in its latest quarterly earnings report. For the quarter that ended on March 31, Check Point reported adjusted earnings per share of $2.04, up 13% year-over-year, on revenue of $599 million, up 6% year-over-year. Both were beats, […] The post Despite stock drop, Check Point delivers strong quarterly revenue growth appeared first on SiliconANGLE ..read more

Shares in Snap Inc. were up by over 20% in late trading today after the company reported revenue and earnings beats in its first quarter and projected a higher-than-expected outlook for its second quarter. For the quarter that ended on March 31, Snap reported adjusted earnings per share of three cents, up from one cent […] The post Snap’s revenue and earnings beat forecasts, shares surge over 20% appeared first on SiliconANGLE ..read more

The U.S. Federal Communications Commission today implemented rules that will require internet providers to uphold net neutrality. The rules, which were approved in a 3-2 vote by the FCC’s commissioners, originally rolled out nearly a decade ago. They were rescinded in 2017 under the Trump administration. The FCC launched a push to revive the regulation late last […] The post FCC reinstates net neutrality rules for internet providers appeared first on SiliconANGLE ..read more

Dropzone AI Inc., a startup that helps cybersecurity teams more quickly investigate and remediate breaches, has raised $16.85 million in fresh funding. The company detailed its announcement of the Series A round today that Theory Ventures was the led investor. Returning backers Decibel Partners, Pioneer Square Ventures and In-Q-Tel chipped in as well. The raise […] The post Dropzone AI nabs $16.85M for its automated breach investigation platform appeared first on SiliconANGLE ..read more

From bustling metropolises to cultural epicenters around the globe, information technology is helping to transform and reshape enterprise companies. As organizations grapple with the dual imperatives of innovation and fiscal prudence, storage solutions are playing a pivotal role in navigating the complexities of modern IT landscapes. “Generative AI has hit us as an industry,” said […] The post From data centers to clouds: IBM reveals how information technology is redefining storage strategies appeared first on SiliconANGLE ..read more

Los Angeles-based startup Carv, a modular blockchain-based layer for gaming and artificial intelligence, today announced that it raised $10 million in new funding to build out its network solution to give users control of their data and identity. Carv uses blockchain technology in multiple ways, one of which is through the Carv Protocol, which is a data layer that […] The post Carv raises $10M to build blockchain data layer for gaming and AI appeared first on SiliconANGLE ..read more