Aaron Holmes

2 weeks ago | theinformation.com | Aaron Holmes

Source: The InformationMicrosoft said Wednesday that its revenue grew 13% in the three months ending in March, a slightly faster rate than the quarter prior. Meanwhile, its revenue in its Azure cloud computing unit grew 33%, slightly higher than the growth the company had forecasted, reversing a slight slowdown in recent quarters. Shares jumped more than 5% in after-hours trading. The growth would have been two percentage points higher if not for foreign exchange fluctuations, the company said.

2 weeks ago | theinformation.com | Aaron Holmes

A crop of new artificial intelligence startups, including those founded by star ex-OpenAI executives, is trying to convince investors to invest at multibillion-dollar valuations with scant products or revenue to speak of. But representatives from two investors, Fidelity and Atreides Management, say it may be too late for those firms to overcome the first movers in the field.

3 weeks ago | devopsonline.co.uk | Aaron Holmes

By Aaron Holmes, CEO of Kani PaymentsIn an industry built on data, financial businesses are under growing pressure to deliver accuracy, speed and transparency – especially when it comes to mandatory reporting. Yet reporting workflows remain outdated, creating friction and inefficiency where clarity and control should exist. A recent survey of 250 UK payments and banking professionals uncovered persistent challenges in how data reporting is managed across the industry.

3 weeks ago | theinformation.com | Aaron Holmes

Advances in artificial intelligence are prompting executives at companies such as PayPal, United Wholesale Mortgage, Shopify and others to move in a direction that has long been a taboo: using AI to fill roles people would have held previously. These firms have either instructed staff to avoid hiring for new roles unless they show the roles can’t be automated, or say they plan to hire fewer people after finding AI can essentially handle certain jobs.

1 month ago | theinformation.com | Aaron Holmes

Source: The InformationNvidia’s AI chips will be made in the US for the first time, the company announced on Monday as a result of deals struck by the chip designer with its manufacturing partners TSMC, Foxconn, Wistron, Amkor, and SPIL. Production will start at a TSMC factory in Arizona and a Wistron factory in Dallas within the next year and a half, Nvidia said. Nvidia expects the effort to generate $500 billion worth of AI infrastructure in the next five years.