Anissa Gardizy

Frank Slootman will retire as chief executive of Snowflake, the company said. He’ll be succeeded by former longtime Google executive Sridhar Ramaswamy. Snowflake stock dropped 23% in after-hours trading.Ramaswamy joined Snowflake last May as part of the company’s acquisition of Neeva, the AI search startup he founded in 2019, after he left Google. Since joining the company Ramaswamy has been

Amazon Web Services is paying up to $650 million for a Pennsylvania data center campus next to a nuclear power plant, according to the seller, Talen Energy. It’s one of the first first data center sites with direct access to nuclear power.The Information first reported that the site had been drawing interest from cloud providers , which all rapidly needed to expand their data center capacity

AWS VP Matt Wood, left, with Nvidia CEO Jensen Huang in 2017. Photo via YouTube/Bhushan Sonawane.

In the past year, major technology firms have championed generative artificial intelligence as the next big thing, boosting the stock market to new highs. But behind the scenes, representatives of major cloud providers and other firms that sell the technology are tempering expectations with their salespeople, saying the hype about the technology has gotten ahead of what it can actually do for customers at a reasonable price.

Nvidia isn’t the only beneficiary of the unprecedented boom in artificial intelligence chips. One of its key suppliers, memory chip maker Micron, is sold out for this year and into 2025. Yet a senior executive acknowledged that even Micron doesn’t know how long the frenzy will last, given the high costs businesses face in using the latest AI.

OpenAI CEO Sam Altman, left, and Microsoft CEO Satya Nadella. Photos via Getty. Art: Shane Burke

After breaking the news on Friday about how Microsoft and OpenAI are drawing up plans for an ambitious data center project costing as much as $100 billion, we were bombarded with questions from people across the artificial intelligence and cloud industries: What part of the country will it be located in? What chips would it use? How would the companies acquire the nearly-unfathomable amount of power needed to run it?

Google Cloud CEO Thoman Kurian unveiled the cloud provider’s first in-house central processing unit, a standard type of computing chip, which it hopes will reduce the cost of operating its data centers and improve performance for its cloud customers.Kurian announced the new chip, known as Axion, on stage in Las Vegas during Google Cloud Next, the cloud unit’s annual customer conference. He

I’m back in San Francisco after a busy week in Las Vegas, where my colleague Jon Victor and I spent days talking to Google Cloud customers about the difference between generative artificial intelligence hype and reality.

IBM is in talks to buy Hashicorp, a publicly traded company that sells software to help businesses manage their cloud servers, according to a Tuesday report in The Wall Street Journal. The deal is not finalized but could come together in the coming days, according to the report. IBM is expected to report its first-quarter financial results on Wednesday.In recent years IBM has tried to