Workday CEO Aneel Bhusri says Anthropic, Google, and OpenAI use Workday tools and “no amount of vibe coding” could replace them; WDAY is down about 40% YTD
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IBM reports Q3 revenue up 9% YoY to $16.3B, above $16.1B est., and Hybrid Cloud revenue, including its Red Hat unit, up 14%, below 16% est.; IBM drops 6%+
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Microsoft has committed $33B+ to neocloud providers; sources: its $19.4B Nebius deal will provide computing power for creating LLMs and a consumer AI assistant
Nebius deal alone secures 100,000 Nvidia GB300 chips for internal use Jingyue Hsiao / DigiTimes : Microsoft invests in Nebius to expand AI computing capacity Vladimir Popescu / Watcher Guru : Microsof...
Oracle, whose expenses are rising as it begins to fulfill massive cloud infrastructure deals, turned cash flow negative this year for the first time since 1992
Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg's journalists around the world. X: @brodyford_ , @edludlow , @danielnewmanuv , and @edludlow X: Brody Ford / @b...
Snowflake reports Q2 product revenue up 32% YoY to $1.09B, above $1.04B est., and forecasts FY 2026 product revenue above estimates; SNOW jumps 12%+
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Zoom reports Q2 revenue up 5% YoY to $1.22B, Enterprise revenue up 7% to $730.7M, vs. $716.7M est., raises FY 2026 forecast above est.; ZM jumps 6%+ after hours
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Source: in a presentation, Microsoft CCO Judson Althoff said AI saved Microsoft $500M+ in 2024 in its call centers and boosted employee and client satisfaction
Oooh someone tell Gordo to do AI Myrtle. [embedded post] @arcendus : Who cares what they said? People lie all the time, especially when it comes to the benefits, capabilities et. al. of AI. — Data...
CoreWeave says it has agreed to acquire bitcoin miner Core Scientific in a ~$9B all-stock deal, set to close in Q4 2025, to expand its AI data center capacity
#DataCenters — #CoreWeave — #PowerIsTheMoat @notreload : $CRWV -2.8%, $CORZ -18% [CoreWeave's all-stock acquisition of Core Scientific caused Core Scientific's stock to fall due to investor disapp...
HPE reports Q2 revenue up 6% YoY to $7.63B, above $7.46B est., Server revenue up 6% YoY to $4.1B, and says it expects a reduced impact from tariffs in 2025
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Snowflake reports Q1 product revenue up 26% YoY to $996.8M, vs. $966M est., and forecasts Q2 product revenue above estimates; SNOW jumps 6%+
Brody Ford / Bloomberg :