Oct. 30 - Big banks back compute buildout | Google, Microsoft see AI revenue boom
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NOTE FROM THE EDITOR
You'll notice that today we're running the third installment of Tech Bytes, a roundup for CIOs of the biggest vendor news of the week served up in a bite-sized (byte-sized?) format.
And what a week it was.
Today’s column distills the major financing news from leading banks powering Anthropic’s next era of compute capacity — and CIOs’ next era of financial headaches. We also provide a glimpse into the Meta-Nvidia partnership forged to improve Muse, as well as updates to Salesforce’s Slack communications tool for agent development.
Take a look! And as always, if there’s industry news you’re interested in reading about, if you have a tip you want to share or if you want to sound off on this new format please email our team.
Happy reading!
Senior News Writer, CIO Dive
Tech Bytes: Big banks unite to back Anthropic’s compute buildout
Meanwhile, agents continue to claim the spotlight as Nvidia and Meta expand their partnership and IBM introduces controls to secure frontier intelligence.
Microsoft, Google report booming AI revenue as the tech reshapes business
While AI boosts cloud earnings, the tech giants will still need to prove the technology can drive commercial growth, Forrester Principal Analyst Tracy Woo said.
Gap Inc. launches AI hiring tool in time for the holidays
The retailer expects around 200,000 seasonal employment applications. Its new AI platform aims to reduce the administrative tasks associated with hiring.
Turning your Wi-Fi network into an AI-native location platform
BROUGHT TO YOU BY — StackAIThe detail of Palantir with the scale of Salesforce
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