San Jose - CybAI news

09 Aug

Intel Scraps Innovation Expo as Cash-Strapped Company Makes Cuts

stp2y0 CommentsRAG modelsAmericas, artificial intelligence, california, Earnings, infrastructure, INTEL CORP, jobs, Pat Gelsinger, San Jose, Technology, Utilities

Intel Corp., which is cutting jobs and costs to preserve its shrinking cash pile, postponed an Innovation event that had been scheduled for next month in San Jose, California. The chipmaker plans to focus on other gatherings, such as webinars, hackathons and the Intel AI Summit, in lieu of the Innovation conference, the company said Friday in an emailed statement. Source link lol

Super Micro’s Weak Profit Fuels AI Server Margin Anxieties

stp2y0 CommentsRAG modelsartificial intelligence, DELL TECHNOLOGIES -C, Executives, HEWLETT PACKARD ENTERPRISE, Ho Jin, San Jose, software, SUPER MICRO COMPUTER INC, taiwan, Technology, Wall Street

Super Micro Computer Inc. fell more than 10% in extended trading after reporting quarterly revenue and profit that missed analysts’ estimates, outweighing an annual sales outlook that was billions above Wall Street projections.Profit, excluding some items, was $6.25 a share in the period ended June 30, the company said Tuesday in a statementBloomberg Terminal. That’s short of Super Micro’s previous forecast and the $8.25 average analyst estimate. Sales were $5.31 billion, compared with an average projection of $5.32 billion, according to data compiled by Bloomberg. Source link lol

Elon Musk’s X to Close San Francisco Office, Relocate Workers

stp2y0 CommentsRAG modelscities, Elon Reeve Musk, engineering, Linda Yaccarino, Office Space, Palo Alto, san francisco, San Jose, Social Network, Technology, TWITTER INC

Elon Musk’s X, the social network formerly known as Twitter, will close its San Francisco office, ending the company’s presence in the city where it was founded in 2006. Chief Executive Officer Linda Yaccarino sent an email to employees saying X will move out of its Market Street space in San Francisco, according to a person familiar with the company. Employees will be relocated to an existing office in San Jose and an engineering office in Palo Alto, according to the person, who asked not to be identified because the email wasn’t shared publicly. Source link lol