The latest news in the world of artificial intelligence (AI) and data centers is filled with exciting developments and concerns. In this news brief, we'll explore the top stories that are making waves in the industry.
Vertiv Holdings Stock Sinks on Slowing AI Data Center Demand Concerns
Vertiv Holdings shares tumbled nearly 10% on concerns that soaring demand for its cooling systems for data centers will slow. The company expects current-quarter adjusted earnings between $0.57 and $0.63, with a midpoint below the $0.62 anticipated by analysts. Vertiv's guidance does not take into account potential impacts from recent policy changes or considerations by the new U.S. Administration, including tariff and corporate tax policies, or countermeasures by other governments.
Don't Buy the Hype, Says Top Investor About BigBear.ai Stock
Investors looking for the next big thing have begun fixing their gaze upon BigBear.ai, a data analytics company that helps streamline organizational processes and improve decision-making. However, top investor James Foord argues that key differences still set them apart from Palantir, the big data analytics giant. Foord believes that BBAI lacks profitability and a compelling product portfolio, making it a risky investment.
Positron AI Secures $23.5 Million to Compete with Nvidia
Positron AI has secured $23.5 million to compete with Nvidia. The company's AI chips are known for manufacturing low-power, high-performance chips, claiming to be a step ahead of industry-leading Nvidia's chips on the market. Positron's Atlas systems achieve 3.5 times better performance per dollar and 3.5 times greater power efficiency than Nvidia H100 GPUs for inference.
Glean Bolsters AI Security with New Open Security and Governance Partner Program
Glean has announced its Open Security and Governance Partner Program, embracing an open approach that allows customers to choose from best-of-breed data and AI security models from leading partners. The program aims to drive secure, rapid innovation and active governance for real-time protection against over-shared sensitive content.
Forrester: AI and Cyber Security Drive Up IT Spending
According to Forrester's Global tech forecast 2024-2029, spending will reach $4.9tn in 2025, with accelerated investment in AI, cyber security, and cloud infrastructure. Generative AI (GenAI), cyber security, and cloud services are poised to drive growth by 5.6% in 2025, up from 4.6% in 2024.
Introducing Glean Agents, Expanding the Work AI Platform
Glean has announced Glean Agents, a horizontal agent environment that empowers any business and every employee to build AI agents at work. The platform includes universal knowledge, agents built in Glean gain access to the AI industry's broad range of data - enterprise structured and unstructured data, and world (internet) data, both historical and real-time.
Cyolo Set to Advance, Transform Cyber Physical Systems with NVIDIA Cybersecurity AI Platform
Cyolo has announced that it is set to advance, transform cyber physical systems with NVIDIA cybersecurity AI platform. The company, provider of secure remote access solutions for operational technology (OT) and industrial control systems (ICS), announced AI-based cybersecurity solutions for cyber physical/OT environments.
Alpha Modus Holdings, Inc. (AMOD) Expands AI Kiosk Capabilities with GlobeTopper Reseller Agreement
Alpha Modus Holdings, Inc. (AMOD) has expanded its AI kiosk capabilities through a strategic reseller agreement with GlobeTopper. Under the agreement, AMOD will sell GlobeTopper's digital transaction solutions through its AI-powered kiosks.
Alibaba Reportedly Revitalized by China's AI Fever
Interest in artificial intelligence (AI) has reportedly led to a turnaround for China's Alibaba. As Bloomberg News reported, the eCommerce conglomerate had virtually slunk into obscurity after a long regulatory crackdown in China. But in recent weeks, the report said, its stock has jumped 46%, expanding its market value by close to $87 billion.
Key Takeaways
- AI demand for data centers may slow, affecting companies like Vertiv Holdings.
- BigBear.ai's stock may be overhyped, according to top investor James Foord.
- Positron AI is competing with Nvidia in the AI chip market.
- Glean is expanding its Work AI platform with Glean Agents.
- Cyolo is using NVIDIA's cybersecurity AI platform to advance cyber physical systems.
- Alpha Modus Holdings, Inc. (AMOD) is expanding its AI kiosk capabilities.
- Alibaba's stock has jumped 46% due to China's AI fever.
Sources
- Vertiv Holdings Stock Sinks on Slowing AI Data Center Demand Concerns
- ‘Don’t Buy the Hype,’ Says Top Investor About BigBear.ai Stock
- Positron AI secures $23.5 million to compete with Nvidia
- Glean Bolsters AI Security with New Open Security and Governance Partner Program, Expands Data and AI Governance in Its Work AI Platform
- Forrester: AI and cyber security drive up IT spending
- Introducing Glean Agents, Expanding the Work AI Platform and Making AI Agents a Reality for Enterprises
- Cyolo set to advance, transform cyber physical systems with NVIDIA cybersecurity AI platform
- Alpha Modus Holdings, Inc. (AMOD) Expands AI Kiosk Capabilities with GlobeTopper Reseller Agreement
- AI agents, bursting the AI drug hype bubble, and how health & medicine uses AI
- Alibaba Reportedly Revitalized by China’s AI Fever