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Top News In Software Stack Today - Breaking & Trending Today

CLoud Stocks: Analysis of AMD's Acquisitions

Global AI semiconductor revenue is expected to grow 26% to $67.1 billion in 2024. By 2027, AI chips revenue is expected to reach $119.4 billion. While Nvidia remains a leading player, rival AMD (NYSE:AMD) is expanding its presence within the AI space. AMD's FinancialsAMD was founded in 1969 by a group of tech experts under the leadership of Jerry Sanders. Initially, the company was building out memory chips, but it soon expanded and today is known for its product lineup that includes microprocessors, motherboard chipsets, embedded processors, graphics processors, FPGAs, and embedded system applications. The diversified portfolio of products has helped it expand into new markets including data centers, gaming, and more recently, the high-performance computing market. AMD recently reported third quarter revenue of $5.8 billion, up 4% over the year. On a non-GAAP basis, AMD ended the quarter with $0.70 per share, growing 4% over previous year's $0.67 per share. The market was ....

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Vulcan Cyber, which scans software for security vulnerabilities, lands $55M cash infusion

Vulcan Cyber, a company developing software to help enterprises detect vulnerabilities in their software stack, today announced that it raised $55 million in equity financing led by Maor Investments and Ten Eleven Ventures with participation from Dawn Capital and Wipro Ventures. "Vulcan Cyber will use funds from this round to fuel continued product innovation, expand into new markets, accelerate rapid revenue growth and build on market momentum," Bar-Dayan told TechCrunch in an email interview noting that the new cash brings Vulcan's total raised to $70 million. It probably helped Vulcan, too, that software vulnerabilities are a growing enterprise threat. ....

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AMD Extends Support for PyTorch Machine Learning Development on Select RDNA 3 GPUs with ROCm 5.7

AMD Extends Support for PyTorch Machine Learning Development on Select RDNA 3 GPUs with ROCm 5.7
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