Cisco shares rose as much as 5% in extended trading on Wednesday. The enterprise software and hardware maker disclosed fiscal second-quarter earnings that surpassed analysts’ expectations. Revenue increased by 6% year over year in the quarter, which ended Jan. 29. In the previous quarter, revenue had risen 8%.
Chipmaker Nvidia Corp on Wednesday forecast current-quarter revenue above analysts’ estimates, banking on the supercharged demand for data centres. The company is the world’s largest maker of graphic and artificial intelligence (AI) chips. With tech firms venturing into the “metaverse” and a spike in demand for data centres, the company has raked in billions in revenue.
AWS is expanding its Local Zones to 48 locations across 26 countries. These are small data centers adjacent to major population centers that provide core cloud features. The promise is that developers will be able to give their users in these cities single-digit millisecond performance for their applications.
Taiwan's largest chipmaker TSMC says it will spend $1.6 billion more to expand its chip plant in Japan. The $7 billion plants will increase monthly production to 55,000 wafers from 45,000. Auto supplier Denso will invest $350 million in the plant, taking a 10% stake.
Tesla CEO Elon Musk has donated $5.7 billion worth of Tesla's shares to charity, the donation of 5,044,000 shares revealed Monday. The donation would make him the second-biggest US donor in 2021, behind Bill Gates and Melinda French Gates who gave $15 billion last year.
Google is developing new privacy-focused replacements for its advertising ID. The digital IDs in smartphones often help ad-tech companies track and share information about consumers. Google's move follows a similar move made by Apple last year that upended several firms' advertising practices. The changes could affect big companies that have relied on tracking users across apps.
Disney appoints Mike White as senior vice president in charge of "next generation storytelling" White will lead the company's metaverse strategy. The metaverse refers to the concept of new entertainment supplied by virtual reality devices. Facebook has made the biggest bet on the metaverse, spending $10 billion on virtual reality.
Tesla announced on Monday that non-Tesla owners can charge their electric vehicles at all Supercharger stations in the Netherlands, marking an expansion of a pilot program that kicked off in November 2021 with 10 stations. CEO Elon Musk had previously expressed interest in opening up the Superchargers to other EVs in the summer of the same year.
Billionaire Richard Branson’s Virgin Galactic Holdings Inc said on Tuesday it is re-opening ticket sales for upcoming space travel to the general public from Feb. 16, driving its shares more than 10% higher in premarket trading. he tickets are priced at $450,000 each, including an initial deposit of $150,000.
Ransomware victims paid more than $600 million to cybercriminals in 2021. Conti ransomware gang accounts for nearly one-third of those payments. Conti, a ransomware-as-a-service operation that the US Federal Bureau of Investigation has tied to more than 400 attacks, managed to extort at least $180 million from its victims, according to the Chainalysis report.
Texas Attorney General Ken Paxton filed a suit against Facebook parent Meta Platforms Inc. on Monday. Paxton says the company's use of facial-recognition technology violated state privacy protections. The suit seeks civil penalties in the hundreds of billions of dollars, a person familiar with the matter said.