Enterprise

Walmart embraces the cloud to take on Amazon

(Reuters) — One of Walmart’s best chances at taking on Amazon.com in ecommerce lies with six giant server farms, each larger than ten football fields. These facilities, which cost Walmart millions of dollars and took nearly five years to build, are starting to pay off. The retailer’s online sales have been on a tear for …

In-Q-Tel invests in SigOpt to help U.S. intelligence agencies optimize AI

In-Q-Tel, an investment firm that connects tech companies with the U.S. Intelligence community, has taken an undisclosed stake in SigOpt, a San Francisco-based AI startup. The move will provide the startup with additional capital and help it reach an audience of secretive AI practitioners at spy agencies. As part of the deal, In-Q-Tel will sell …

Broadcom confirms it has secured up to $100 billion in debt to cover Qualcomm bid

Broadcom has confirmed reports from last night that it has secured “up to” $100 billion in debt funding to cover its proposed acquisition of Qualcomm. Over the months-long saga, Qualcomm has reject previous takeover offers from the rival chip company, and after Broadcom submitted a revised $121 billion bid last week — consisting of cash …

Salesforce to invest $2 billion in Canada business as U.S. tech firms head north

(Reuters) — U.S. business software developer Salesforce.com will pump $2 billion into its Canadian business over the next five years, it said on Thursday, the latest major U.S. technology investment across the border since early 2017. Toronto is a hub for artificial intelligence research and Canadian Prime Minister Justin Trudeau is visiting California this week …