Technology News Today TheFoxPosts.com

Hewlett Packard Enterprise on Thursday forecast second-quarter revenue below Wall Street estimates, as Business es scale down spending on the server maker's Technology solutions. Shares of the Spring, Texas based company fell about 3% in extended trading. An uncertain economy and high interest rates have led clients to cut back on expenses in a push for stronger profitability. Enterprises are hesitant to sign new contracts, commit to long-term initiatives or take on new Technology partners, although IT spend is expected to increase in 2024, according to research firm Gartner. HPE expects revenue in the second quarter in the range of $6.6 billion to $7 billion, below analysts' average estimate of $7.11 billion, according to LSEG data. It also reported a 13.5% fall in first-quarter revenue to $6.76 billion, missing estimates of $7.11 billion. CFO Marie Myers said that the "softening of the networking market and GPU deal timing" impacted the company in the...

Artificial intelligence startup Anthropic has projected it will generate more than $850 million in annualized revenue by the end of 2024, the Information reported on Tuesday, citing two people with knowledge of the company's financial picture. Three months ago the company told some investors it was generating revenue at a $100 million annualized rate and expected that figure would reach $500 million by the end of 2024, according to the report. Backed by Amazon.com and Alphabet's Google, Anthropic is one of a series of companies building generative AI systems that can create human-like responses and content. It was co-founded by former executives at Microsoft-backed rival OpenAI and siblings Dario and Daniela Amodei. Its Claude AI models have vied for prominence with OpenAI's GPT series. Some people close to the company believe Anthropic could reach $1 billion in annualized revenue next year, or $83 million in revenue per month, the Information...

Twitter said on Thursday that select content creators on the social media platform will be eligible to get a part of the advertising revenue the company earns. The content creators will get a share of revenue from ads displayed in their replies, Twitter said, adding that to be eligible the creators should be verified users with at least 5 million impressions on their posts in each of the last 3 months and have a Stripe payment account. Surprise! Today we launched our Creator Ads Revenue Sharing program. We’re expanding our creator monetization offer ing to include ads revenue sharing for creator s. This means that creator s can get a share in ad revenue , starting in the replies to their posts. This is part of our… — Twitter (@Twitter) July 13, 2023 Twitter is trying to draw more content creators to the platform. Earlier this year, the company allowed users to offer paid subscription to their content on the platform. Elon Musk, the billionaire who bough...