GE is creating an independent company for its software business • The new operation, wholly owned by GE, will have about $1.2 billion of existing software revenue • The company also agreed to sell a majority stake in software maker ServiceMax to investor Silver Lake • The moves mark a major shift in GE’s digital strategy as new CEO Larry Culp tries to pull it out of one of its biggest crises […]
The investment plan includes expansion on four existing campuses and a new build in Iowa. […]
DNA storage may prove to be optimal for archiving files that must be retained but will rarely (if ever) need to be accessed again. […]
Cisco is in talks to purchase optical chip technology company Luxtera, anonymous sources told Bloomberg News • A deal will likely value the chip maker in the hundreds of millions of dollars • Cisco reportedly beat out rival bids from Intel, Broadcom, and others • The transaction hasn’t been completed and an agreement might not be reached […]
UBS Group will spend hundreds of millions of Swiss francs to use Microsoft's cloud services hosted in two Swiss data centers, anonymous sources told Bloomberg News • Switzerland's largest bank wants to scale back the number of its own data centers over the next four years • It currently has 25 of them […]
Many vendors over the years have muddled analytics and AI together. Will something genuinely intelligent eventually emerge? […]
The cloud giant promises better performance for its “tens of thousands” of customers in the region. […]
The hardware vendor hired an investigations firm to help it mend reputation damaged by allegations of a supply chain breach. […]