computers
Google's parent company, Alphabet, is set to report earnings after the US markets close today, providing insight into the health of its AI-led business. Alphabet posted impressive first-quarter earnings due to growth acceleration in its Google Cloud and advertising sales. Investors expect the company to unveil further innovations in its AI initiatives, an area in which Alphabet has heavily invested. Alphabet shares have risen 31% year-to-date, surpassing the Nasdaq Composite's 20% growth. Past performance and forecastIn the first quarter, The overall revenue increased 15% from a year ago to $8...
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Microsoft says the European Union is to blame for what on Friday became the world's biggest IT outage following a faulty security update. A 2009 agreement insisted on by the European Commission meant, the software giant said, that it could not make security changes that would have blocked the CrowdStrike update which caused chaos around the world as computer systems failed. Flights around the world were delayed or cancelled, leaving passengers stranded at airports, the UK's NHS service was affected and Sky News was left unable to broadcast in its early morning programme. ‘Compensation is unlik...
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The major IT outage that brought the world to a halt on Friday could happen again, a computer science expert has warned. The meltdown was caused by a "defect" in a software update for Windows from cybersecurity firm Crowdstrike, which bricked machines operating on Microsoft Windows and threw airports, businesses, hospitals, media outlets and other industries into disarray. According to Axel Legay, a professor of computer science at the Catholic University of Leuven, the more interconnected a computer is, the more vulnerable it is. Crowdstrike admits 'defect' in software update caused IT outage...
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British microcomputer maker Raspberry Pi launched its initial public offering (IPO) today on the London Stock Exchange (LSE) after pricing its shares at 280p. For now, only conditional trading is allowed, which means that only some select investors will be able to trade the company’s shares, with the majority of retail investors having to wait until Friday 14 June, when trading opens for everyone. Following the IPO however, Raspberry Pi’s shares soared as high as 392p, with the company revealing that it was hoping for a valuation of about £541.6 million (€642.48 million). The Cambridge based g...
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Microsoft’s total carbon emissions have risen by almost 30 per cent since 2020, according to the company’s annual Environmental Sustainability Report released on Wednesday. While its direct emissions and energy use dropped by more than 6 per cent, its indirect emissions set it back. With the company being a cloud supplier, the construction of more data centres was the main cause. Microsoft highlighted the need for collaboration across industries to develop and use greener building materials, like concrete and steel, and hardware components, like chips, to help reach its goal of becoming carbon...
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In a move that that some may view as going against the current tide, British computer company Raspberry Pi has revealed that it would be listing on the UK stock market, as opposed to New York. This move follows the hobbyist computer company seeing revenues surge by about 42% in 2023, touching approximately $265.8 million (€244.4 million), with an addressable market of about $21.2 billion. Raspberry Pi, a subsidiary of the Raspberry Pi Foundation produces single-board computers, semiconductors, complementary accessories and compute models, amongst other things, for a variety of functions. These...
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British chip designer ARM has announced its earnings for the fiscal fourth quarter, which greatly surpassed analyst estimates, due to robust demand for AI chips. However, its shares plummeted by 9% in after-trading hours following a weaker-than-expected annual revenue forecast for the full year of 2024. This has raised concerns about whether the growth prospects of the tech firm can justify its hefty valuation. Arm dominates the chip architecture market, with 99% of smartphones using its platform worldwide. The AI chip leader, Nvidia, attempted to acquire Arm in 2022, but the offer encountered...
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