Subscription Growth Fuels Pure Storage Earnings Beat
In its fiscal Q4 2024 earnings release, Pure Storage exceeded revenue and operating profit guidance, demonstrating strong financial performance and market demand for its products and services. The most interesting aspect of Pure’s earnings is the growth of its subscription-based business, now accounting for more than 40% of its total revenue.
Quick Take: Dell Technologies New 5G Solutions
Dell Technologies introduced several new offerings designed to simplify the deployment of advanced 5G solutions by communication service providers.
The new offerings center around the Dell Telecom Infrastructure Automation Suite, which automates the management and orchestration of a CSP’s network infrastructure. The new suite also sits at the center of Dell’s Telecom Infrastructure Blocks for Red Hat update.
Quick Take: Hammerspace Hyperscale NAS For AI & HPC
Hammerspace unveiled its new high-performance NAS architecture, Hyperscale NAS, to cater to the growing demands of enterprise AI, machine learning, deep learning initiatives, and the increasing use of GPU computing both on-premises and in the cloud.
Quick Take: Lacework Expands Enterprise Capabilities
Cloud security company Lacework announced new platform capabilities to enhance efficiency for security stakeholders.
The enhancements include the introduction of Lacework Explorer, a combination of a security graph and resource explorer for better asset visibility and relationship analysis. New dashboards have been introduced to provide in-depth insights into the performance of security programs against set goals.
Quick Take: Datastax Acquires Langflow
DataStax announced the acquisition of Logspace, the company behind Langflow, a low-code tool for building applications based on Retrieval-Augmented Generation (RAG). The terms of the deal were not disclosed.
Research Note: MLPerf Inference 4.0 Results
MLCommons released the results of its MLPerf Inference v4.0 benchmarks, which introduced two new workloads, Llama 2 and Stable Diffusion XL.
Since its inception in 2018, MLPerf has established itself as a crucial benchmark in the accelerator market. The benchmarks offer detailed comparisons across a variety of system configurations for specific use cases.
Research Note: Databricks DBRX LLM
Databricks launched DBRX, a new open, general-purpose Large Language Model (LLM) that sets a new benchmark for performance and efficiency.
DBRX surpasses the capabilities of existing models like GPT-3.5 while also demonstrating competitive performance with closed models such as Gemini 1.0 Pro, making it a formidable player in general-purpose applications and specialized coding tasks.
Quick Take: Observe’s $115M Series B
Observe, a SaaS observability company focused on transforming the management and analysis of machine-generated data, has secured $115 million in Series B funding. The round closed with a valuation 10x of its Series A.
Quick Take: Microsoft & Quantiniuum Achieve Quantum Error Correction Breakthrough
Microsoft and Quantinuum announced an advancement in quantum computing that significantly reduces quantum error correction, a significant achievement that addresses one of the major hurdles in quantum computing.
Is NVIDIA Lagging in Lucrative Automotive Segment?
Nvidia’s most recent earnings release is a tremendous achievement for the company, with reported revenue of $22.1 billion, up an incredible 265% year-on-year. Earnings grew an equally unbelievable 765% year-on-year.
Its automotive revenue was $281 million.