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Cisco's revenue fell 6% to $13.84 billion in the first quarter ended October 26, beating estimates of $13.77 billion

Cisco beats earnings expectations as AI spurs demand

Cisco Systems has forecast quarterly revenue and profit above Wall Street estimates after posting upbeat first-quarter results, helped by improving demand for its networking gear amid the AI boom.

Business • 14 Nov 24

Chip giant Nvidia will join the Dow Jones Industrial Average later this week

Nvidia to join Dow Jones, replacing Intel

Chip giant Nvidia will join the Dow Jones Industrial Average, the iconic Wall Street index has announced, underscoring the importance of artificial intelligence in the US economy.

Business • 04 Nov 24

Apple said its overall fourth-quarter sales were $94.93 billion, ahead of Wall Street targets of $94.58 billion

Apple offers a modest growth outlook

Sales of Apple's AI-enhanced iPhone made a strong start, pushing quarterly sales ahead of Wall Street expectations, but a modest revenue forecast raised questions about whether that momentum will hold over the Christmas sales season.

Business • 01 Nov 24

Meta, the world's biggest social media company, kept costs in check in the third quarter

Meta projects sharp acceleration in AI costs

Facebook owner Meta Platforms has warned of "significant acceleration" in artificial intelligence-related infrastructure expenses next year, while beating analysts' estimates for third-quarter revenue and profit.

Business • 31 Oct 24

HP's latest Threat Insights Report reveals how attackers are using generative AI to help write malicious code and has identified cybercriminals embedding malicious code in images

Cybercriminals using AI to generate malware - HP

Cybercriminals are using artificial intelligence (AI) to generate malware, according to new research from HP.

Business • 14 Oct 24

Micron said in June its HBM chips, used in the AI processors designed by Nvidia, were sold out for the 2024 and 2025 calendar years with pricing already determined

Micron forecasts upbeat Q1 results as AI boom ups demand

Micron Technology has forecast first-quarter results ahead of Wall Street estimates and reported fourth-quarter revenue growth that was the highest in more than a decade on the back of booming demand for its memory chips used in the AI industry.

Business • 26 Sep 24

The research found that employers in Australia and New Zealand are the most likely to use AI regularly

Irish employers least likely to use AI - global survey

Irish employers are least likely to use artificial intelligence (AI) in the workplace, according to new global research.

Work and Technology • 09 Sep 24

Nvidia shares are up 141% so far this year, thanks to a dizzying rally sparked by AI expectations

Nvidia gets subpoena from US Dept of Justice - Bloomberg

The US Department of Justice has sent a subpoena to Nvidia as it deepens its probe into the AI heavyweight's antitrust practices, Bloomberg News has reported, citing people familiar with the investigation.

Business • 04 Sep 24

Investors used to blockbuster results from Nvidia are expecting bumper results from the artificial intelligence chip giant

Nvidia second quarter sales likely to double

Nvidia is likely to report on Wednesday that its second-quarter revenue more than doubled, but investors used to its blockbuster results will be expecting even more from the artificial intelligence chip giant.

Business • 26 Aug 24

'Big Blue's' shares rose about 3% in extended trading on Wall Street last night

IBM gets lift from software, AI demand as consulting dips

IBM has beaten analysts' estimates for second-quarter revenue and raised its annual growth forecast for its software business, riding on higher AI-linked spending by clients looking to adopt the technology.

Business • 25 Jul 24

Apple rejected overtures by Meta Platforms to integrate its AI chatbot into the iPhone months ago, Bloomberg reports

Apple, Meta not in talks for AI partnership - Bloomberg

Apple has rejected overtures by Meta Platforms to integrate the social networking company's AI chatbot into the iPhone months ago, Bloomberg News reported today, citing people with knowledge of the matter.

Business • 25 Jun 24

The IMF said that to mitigate the negative effects of generative AI, governments should consider putting in place new measures to raise additional revenue and support people who lose their jobs

IMF wants social safety net to 'broaden' gains from AI

Fiscal policy has a "major role to play" in broadening the financial gains from generative AI technology and preventing a spike in wealth inequality, the IMF today.

Business • 17 Jun 24

The iPhone maker will seek to reassure investors that it has not lost the AI battle to Microsoft.

AI is sole focus at Apple's annual conference

Apple is expected to showcase how it is integrating artificial intelligence across its software suite, including a revamped Siri voice assistant and a possible tie-up with ChatGPT owner OpenAI, at its annual developer conference today.

Business • 10 Jun 24

Dell's stock has more than doubled this year and hit a record high earlier this week

Dell's profit, margin hurt by higher AI costs

Dell has forecast current-quarter profit below market estimates, and signaled that higher costs to build servers that meet heavy AI workloads would dent annual margin.

Business • 31 May 24

Martin H. Thelle of Implement Consulting, Minister Peter Burke and Vanessa Hartley, Head of Google Ireland

Generative AI could boost economy by €45 billion - report

Generative artificial intelligence could lead to a €40-45 billion boost in the size of Ireland's economy over the next decade if fully adopted, according to a new study.

Business • 28 May 24

Microsoft debuts 'Copilot+' PCs with AI features

Microsoft has debuted a new category of personal computers with AI features as it rushes to build the emerging technology into products across its business and compete with Alphabet and Apple.

Business • 21 May 24

Four AI robots have been deployed on a trial basis at Dublin Airport to help passengers with their bags

Watch: AI robots help Dublin Airport passengers with bags

Four AI robots have been deployed at Dublin Airport to help passengers with disabilities and additional needs by bringing their carry-on luggage from security to their gate.

Dublin • 16 May 24

Anthropic is an AI safety and research company based in San Francisco and its flagship product, Claude, is an AI model similar to ChatGPT

Anthropic's Claude AI tool now available in Ireland

Artificial intelligence company Anthropic has announced that its AI tool "Claude" is now available to users in Ireland and across Europe.

Business • 15 May 24

Google has unveiled a beefed-up Gemini chatbot and improvements to its prized search engine as it races to compete with AI rivals

Alphabet debuts beefed-up AI search and chatbot

Google parent Alphabet has showed how it is building on artificial intelligence across its businesses, including a beefed-up Gemini chatbot and improvements to its prized search engine as it races to compete with AI rivals.

Business • 15 May 24

The rise in Microsoft shares after the Wall Street bell last night lifted the company's stock market value by $128 billion

Microsoft results top targets, driven by AI investment

Microsoft has beaten Wall Street estimates for third-quarter revenue and profit driven by gains from adoption of artificial intelligence across its cloud services.

Business • 26 Apr 24

'Emo' has been developed at Columbia University's school of engineering in New York

Robot uses AI to mimic human facial expressions

A robot capable of mimicking human facial expressions has been developed by engineers at Columbia University in the US.

News Lens • 26 Apr 24

71% of respondents to Dell's research said they have a solid strategy in place to harness the power of AI

Half of Irish firms struggling to keep pace with AI: Dell

New research from Dell Technologies has highlighted concerns among Irish companies that are struggling to keep pace with generative artificial intelligence (GenAI).

Business • 25 Apr 24

In Ireland, 100 executives and 1,000 consumers were interviewed as part of this survey.

Most executives expect AI chatbots will impact business

Nine in 10 Irish executives anticipate a medium to high impact to their organisation's business processes in the next three years as a direct result of generative artificial intelligence (AI) chatbots, according to new research.

Business • 24 Apr 24

According to the study, increased demands are putting extra pressure on customer service agents

Service professionals say using AI saves them time

95% of service professionals in Ireland using artificial intelligence (AI) say it saves them time, according to a new survey from software company Salesforce.

Business • 23 Apr 24

Peter Glynne, the President of the Ireland Chapter of Project Management Institute

83% of project managers say AI lacks governance - survey

A new survey has found that 83% of project managers in Ireland agree that the necessary processes are not currently in place to govern the use of Artificial Intelligence (AI) in the sector.

Business • 23 Apr 24