Claudia Assis / MarketWatch:
Palo Alto Networks reports Q1 revenue up 14% YoY to $2.14B, vs. $2.12B est., and projects FY 2025 sales in line with estimates; PANW drops 5%+ after hours — Merely in-line outlook for fiscal 2025 weighs on the stock, down 5% after hours — Referenced Symbols
Nvidia reports Q3 revenue up 94% YoY to $35.1B, vs. $33.2B est., Data Center revenue up 112% to $30.8B, vs. $29B est., and forecasts Q4 revenue above estimates (Daniel Howley/Yahoo Finance)
Daniel Howley / Yahoo Finance:
Nvidia reports Q3 revenue up 94% YoY to $35.1B, vs. $33.2B est., Data Center revenue up 112% to $30.8B, vs. $29B est., and forecasts Q4 revenue above estimates — Nvidia (NVDA) reported its Q3 earnings after the bell on Wednesday, beating analysts’ expectations on the top and bottom lines …
Snowflake reports Q3 revenue up 28% YoY to $942.09M, vs. $898.46M est., unveils a deal with Anthropic to bring Claude to Cortex AI; SNOW jumps 18%+ after hours (Larry Dignan/Constellation Research)
Larry Dignan / Constellation Research:
Snowflake reports Q3 revenue up 28% YoY to $942.09M, vs. $898.46M est., unveils a deal with Anthropic to bring Claude to Cortex AI; SNOW jumps 18%+ after hours — Snowflake said it has inked a multi-year deal to bring Anthropic’s Claude models to Snowflake Cortex AI.
Menlo Ventures: business spending on generative AI hit $13.8B in 2024, up from $2.3B in 2023; OpenAI’s marketshare in enterprise AI declined from 50% to 34% (Hayden Field/CNBC)
Hayden Field / CNBC:
Menlo Ventures: business spending on generative AI hit $13.8B in 2024, up from $2.3B in 2023; OpenAI’s marketshare in enterprise AI declined from 50% to 34% — Business spending on generative AI surged 500% this year, from $2.3 billion in 2023 to $13.8 billion, according to data released by Menlo Ventures on Wednesday.
Sources: xAI has told investors it raised $5B in a funding round valuing it at $50B and that its revenue has reached $100M on an annualized basis (Wall Street Journal)
Wall Street Journal:
Sources: xAI has told investors it raised $5B in a funding round valuing it at $50B and that its revenue has reached $100M on an annualized basis — The artificial intelligence startup has more than doubled its valuation from the spring — Elon Musk’s artificial intelligence startup …
Threads begins rolling out the ability to create custom feeds globally, giving users options beyond “For You” and “Following” feeds (Sarah Perez/TechCrunch)
Sarah Perez / TechCrunch:
Threads begins rolling out the ability to create custom feeds globally, giving users options beyond “For You” and “Following” feeds — As X competitor Bluesky takes off, topping 20 million users, Meta’s own Twitter-like app, Instagram Threads, has begun rolling …
Chinese AI company DeepSeek unveils DeepSeek-R1-Lite-Preview, a “reasoning” AI model that it claims is competitive with OpenAI’s o1, and plans to open source it (Kyle Wiggers/TechCrunch)
Kyle Wiggers / TechCrunch:
Chinese AI company DeepSeek unveils DeepSeek-R1-Lite-Preview, a “reasoning” AI model that it claims is competitive with OpenAI’s o1, and plans to open source it — A Chinese lab has unveiled what appears to be one of the first “reasoning” AI models to rival OpenAI’s o1.
DCG founder Barry Silbert announces a subsidiary called Yuma to help build decentralized AI services called “subnets” on the Bittensor blockchain network (Jeff John Roberts/Fortune)
Jeff John Roberts / Fortune:
DCG founder Barry Silbert announces a subsidiary called Yuma to help build decentralized AI services called “subnets” on the Bittensor blockchain network — Barry Silbert isn’t done yet. The billionaire entrepreneur first made his mark in finance when, at age 17 …
French AI startup H, which raised a $220M seed in May 2024, announces its first product, Runner H, an “agentic” AI model, available in private beta (Ingrid Lunden/TechCrunch)
Ingrid Lunden / TechCrunch:
French AI startup H, which raised a $220M seed in May 2024, announces its first product, Runner H, an “agentic” AI model, available in private beta — H, the Paris startup founded by Google alums, made a big splash last summer when, out of the blue, it announced a seed round of $220 million …
US prosecutors charge five alleged members of the Scattered Spider hacking group for their role in the hacks of 29+ individuals and theft of $11M+ in crypto (Margi Murphy/Bloomberg)
Margi Murphy / Bloomberg:
US prosecutors charge five alleged members of the Scattered Spider hacking group for their role in the hacks of 29+ individuals and theft of $11M+ in crypto — – $11 million stolen in years-long campaign targeting US firms — Loosely-knit group consists of young men in US and UK
