June 13, 2025 • By TechNode Feed

Alibaba Chairman Joe Tsai revealed that the company's engineers worked through the Chinese New Year holiday to accelerate AI development after being pressured by DeepSeek's breakthrough. DeepSeek's low-cost, high-performance AI model launched in January, exposing Alibaba's lag in the field. In response, Alibaba released its Qwen series models within weeks and plans to invest over $53 billion in AI infrastructure over three years. Tsai aims to popularize AI use and boost demand for cloud services by making Qwen open source. Despite these efforts, Alibaba's revenue grew only 7% in Q1 2024.

June 13, 2025 • By Pierluigi Paganini

Here is a concise summary of the news article in 8173 tokens or less: Multiple cybersecurity incidents have been reported recently. Palo Alto Networks fixed privilege escalation flaws, while a cyberattack on United Natural Foods caused bread shortages. Paraguay suffered a data breach, leaking 7.4 million citizen records. Apple confirmed a Messages app flaw was exploited, and Trend Micro fixed critical bugs. Other incidents include a cyberattack on hospitals, a data breach at the Texas Department of Transportation, and vulnerabilities in various software and devices, such as SAP, Google, and ASUS. The US CISA added several flaws to its Known Exploited Vulnerabilities catalog, including those in Wazuh, WebDAV, and Roundcube. Additionally, there have been reports of ransomware attacks, including those by the LockBit and Medusa groups. Nation-state actors, such as China and Russia, have been linked to various cyberattacks and espionage campaigns. The FBI and other law enforcement agencies have taken action against cybercrime groups and individuals. Overall, the cybersecurity landscape remains complex and ever-evolving, with new threats and vulnerabilities emerging regularly. It is essential for individuals and organizations to stay informed and take proactive measures to protect themselves from cyber threats.

June 13, 2025 • By Bill Toulas

Here's a concise summary of the news article: Cloudflare has confirmed that a massive service outage was caused by a failure in the Workers KV underlying storage infrastructure due to a third-party cloud provider outage. The issue lasted almost 2.5 hours and impacted multiple edge computing and AI services, including Google Cloud Platform. Cloudflare has determined the impact of the incident on each service and plans to accelerate resilience-focused changes, such as migrating KV's central store to its own R2 object storage and implementing cross-service safeguards. The outage was not caused by a security incident, and no data was lost. Additionally, Microsoft has fixed several issues, including an exploited zero-day flaw and a BSOD issue with Easy Anti-Cheat, and has confirmed auth issues affecting Microsoft 365 users.

June 13, 2025 • By MarketBeat News

IMZ Advisory Inc reduced its stake in NVIDIA Co. (NASDAQ:NVDA) by 3.9% in the first quarter, according to its 13F filing. The firm now owns 17,734 shares, valued at $1,922,000. Other hedge funds, such as LVW Advisors LLC and McNaughton Wealth Management LLC, increased their stakes in NVIDIA during the same period. The company's stock has a market capitalization of $3.54 trillion and a price-to-earnings ratio of 57.06. NVIDIA has been the subject of several analyst reports, with a consensus rating of "Moderate Buy" and an average target price of $172.24. Insiders have sold a total of 2,560,845 shares in the last three months, valued at $360,351,849.

June 13, 2025 • By MarketBeat News

Towerpoint Wealth LLC reduced its holdings in NVIDIA Co. (NASDAQ:NVDA) by 3.1% during the first quarter, according to its 13F filing with the SEC. The fund now owns 17,255 shares, valued at $1,870,000, making NVIDIA its 22nd largest holding. Other investors, such as DiNuzzo Private Wealth Inc., Baker Boyer National Bank, SC&H Financial Advisors Inc., DecisionPoint Financial LLC, and Matthew Goff Investment Advisor LLC, have also bought or sold shares of NVIDIA. NVIDIA has been the subject of several analyst reports, with some upgrading the stock to "strong-buy" or "buy" ratings, while others have assigned a "sell" or "hold" rating. The company has a consensus price target of $172.24 and an average rating of "Moderate Buy". Insiders, including CFO Colette Kress and Donald F. Robertson Jr., have sold shares of the company's stock in recent transactions. NVIDIA reported quarterly earnings results, missing analysts' estimates, but with a net margin of 55.69% and a return on equity of 114.83%. The company has a market cap of $3.54 trillion and a price-to-earnings ratio of 57.06. NVIDIA recently disclosed a quarterly dividend of $0.01 per share, with an ex-dividend date of June 11th.

June 13, 2025 • By MarketBeat News

Pallas Capital Advisors LLC reduced its stake in TD SYNNEX Co. (NYSE:SNX) by 7.3% in the first quarter, owning 4,861 shares worth $505,000. Other hedge funds, including Norges Bank, Nuveen Asset Management LLC, and LSV Asset Management, increased their stakes in TD SYNNEX. The company has a consensus rating of "Moderate Buy" and a target price of $138.00. TD SYNNEX reported $2.80 EPS for the quarter, missing estimates, and had revenue of $14.53 billion, up 4.0% year-over-year. The company announced a quarterly dividend of $0.44 and has a yield of 1.40%. Insiders, including Miriam Anne Murphy and Marshall Witt, sold shares in recent transactions. TD SYNNEX operates as a distributor and solutions aggregator for the IT ecosystem, offering various products and services.

June 13, 2025 • By MarketBeat News

McNaughton Wealth Management LLC increased its stake in NVIDIA Co. (NASDAQ:NVDA) by 4.8% in the first quarter, owning 18,155 shares worth $1,968,000. Other investors, including Tacita Capital Inc and Vision Financial Markets LLC, also bought new positions in NVIDIA during the fourth quarter. Institutional investors currently own 65.27% of the stock. Director Tench Coxe sold 1,000,000 shares, and CFO Colette Kress sold 66,660 shares, in separate transactions. Insiders sold 2,560,845 shares worth $360,351,849 in the last quarter. NVIDIA reported $0.81 earnings per share for the quarter, missing analysts' estimates, and had revenue of $44.06 billion, up 69.2% from the same quarter last year. The company announced a quarterly dividend of $0.01, to be paid on July 3rd. Analysts have issued "buy" and "strong-buy" ratings for NVIDIA, with a consensus target price of $172.24.

June 13, 2025 • By MarketBeat News

Gradient Investments LLC increased its stake in NVIDIA Co. (NASDAQ:NVDA) by 23% in the first quarter, now owning 802,376 shares valued at $86,962,000. Other institutional investors, such as Norges Bank and GAMMA Investing LLC, also recently bought or sold shares of NVDA. The company has a "Moderate Buy" rating and a consensus price target of $172.24. NVIDIA reported $0.81 earnings per share for the quarter, missing analysts' estimates, and had revenue of $44.06 billion, up 69.2% from the same quarter last year. The company also disclosed a quarterly dividend of $0.01 per share. Insiders have sold 2,560,845 shares of company stock valued at $360,351,849 over the last 90 days.

June 13, 2025 • By MarketBeat News

Donor Advised Charitable Giving Inc. reduced its stake in NVIDIA Co. (NASDAQ:NVDA) by 2.9% in the first quarter, selling 928,865 shares. The fund now owns 31,302,725 shares, valued at $3.39 billion, which accounts for 98% of its portfolio. Other institutional investors, including Tacita Capital Inc and Vision Financial Markets LLC, have also modified their holdings in NVIDIA. The company's stock has a "Moderate Buy" rating and a consensus target price of $172.24. NVIDIA reported $0.81 EPS for the quarter, missing analysts' estimates, and had a revenue of $44.06 billion, up 69.2% year-over-year. The company declared a quarterly dividend of $0.01 per share and insiders have sold 2,560,845 shares worth $360.35 million in the last three months.

June 13, 2025 • By ashilov@gmail.com (Anton Shilov) , Anton Shilov

AMD has introduced the 7th version of its ROCm open-source software stack, which improves AI inference performance on existing hardware and adds support for distributed workloads, Windows, and Radeon GPUs. ROCm 7 delivers over 3.5 times the inference performance and 3 times the training throughput compared to ROCm 6, according to AMD. The new release also introduces support for lower-precision data types like FP4 and FP6, and adds tools for refining models using domain-specific datasets. Additionally, AMD has launched its Developer Cloud, which provides ready-to-use access to MI300X hardware, and its ROCm Enterprise AI MLOps solution, tailored for enterprise use. These improvements aim to strengthen AMD's position in the AI hardware market.

June 13, 2025 • By Jess Weatherbed

The PCI Special Interest Group (PCI-SIG) has released the PCIe 7.0 specification, which offers a theoretical maximum bandwidth speed of 512GB per second. However, this technology is primarily targeted at data-driven applications like cloud and quantum computing datacenters, rather than consumer computing devices. PCIe 7.0 will be backward compatible with previous versions, but it may take time to appear in datacenter markets and even longer to reach consumer hardware. Meanwhile, pathfinding for PCIe 8.0 is already in progress, and PCIe 6.0 has yet to make its consumer debut.

June 13, 2025 • By AleksandarK

AMD has announced the release of ROCm 7.0, its open computing platform for high-performance computing, machine learning, and scientific applications. The new version will support a range of hardware, including Ryzen AI-equipped laptops, Radeon AI Pro desktop cards, and server-grade Instinct GPUs. ROCm 7.0 is expected to be integrated into Linux and Windows by the end of 2025, allowing for seamless installation with just a few clicks. The platform will receive day-zero fixes and major updates every two weeks, with performance enhancements and new features. Early benchmarks show promising results, with an Instinct MI300X running ROCm 7.0 reaching roughly three times the speed of the original ROCm 6 release. This update is seen as a significant step for AMD in competing with NVIDIA in the AI and high-performance computing markets.

June 13, 2025 • By Markus Hacker

NVIDIA founder and CEO Jensen Huang met with German Chancellor Friedrich Merz to discuss new partnerships for the world's first industrial AI cloud, located in Germany and operated by Deutsche Telekom. The AI factory will enable European industrial leaders to accelerate manufacturing applications, including design, engineering, and robotics. The infrastructure will feature 10,000 NVIDIA GPUs and provide a launchpad for AI development and adoption across industries. NEURA Robotics will use the computing resources to power its training centers for cognitive robots, and customers will be able to run NVIDIA CUDA-X libraries and other workloads. The initiative is part of Germany's efforts to establish its own sovereign AI infrastructure and provide a competitive edge in the global technology market. The AI factory is expected to accelerate AI development and adoption, driving simulation-first, AI-driven manufacturing practices, and preparing for the country's transition to AI gigafactories.

June 13, 2025 • By ecosgrove@businessinsider.com (Emma Cosgrove)

Ian Buck, Nvidia's vice president of hyperscale and high-performance computing, played a crucial role in developing the company's breakthrough software, Compute Unified Device Architecture (CUDA). CUDA supports over 900 libraries and artificial intelligence models, making it a key factor in Nvidia's 90% market share in AI computing. Buck's contribution to Nvidia is significant, and his influence is still growing. He is known for being gregarious and easygoing but also capable of intensity when goals are on the line. Buck's work at Nvidia began with a simple mandate: make the GPU work for every industry, and that mission is nearly accomplished. Buck's team spends a lot of time speaking with researchers to stay on top, and understanding what the smartest minds in AI need from Nvidia is paramount. The company is facing increasing competition, but Buck's technical skills and ability to attract talent will be essential in maintaining Nvidia's dominance. Despite being more than a decade younger than CEO Jensen Huang, questions about succession are inevitable, and Buck is considered one of Huang's right-hand men. Nvidia declined to make Buck available for an interview, but those who know him describe him as a computing legend with a passion for making computers go faster. His work on CUDA has enabled the company to defend its moat, and his ability to explain complex technical concepts in simple terms has made him a valuable asset to Nvidia. As the company continues to evolve and face new challenges, Buck's role will be crucial in maintaining its position as a leader in the AI computing industry.

June 13, 2025

G42, a UAE-based artificial intelligence and technology group, has launched G42 Europe & UK, a subsidiary headquartered in London. The entity will deliver AI solutions to the private sector and partner with governments to support AI infrastructure build-outs across the UK and Europe. G42 Europe & UK will be co-chaired by Omar Mir and Marty Edelman, who bring extensive experience in the tech industry. The new entity aims to harness G42's AI expertise to fuel digital transformation, enhance competitiveness, and build resilient AI infrastructure in partnership with public and private stakeholders.

June 13, 2025 • By Bernard Montel

The combination of AI and cloud computing has created new cyber vulnerabilities. As businesses migrate to the cloud and adopt AI, they introduce complex risks that require evolving cloud security measures. A report found that 70% of cloud AI workloads contain at least one unpremeditated vulnerability, and many organizations have overprivileged default configurations. Threat actors are targeting AI data and models, and also using AI to amplify their attacks. To mitigate these risks, organizations can use solutions like data security posture management (DSPM) and AI security posture management (AI-SPM) to gain visibility and security of AI workloads and data. However, these solutions must be combined with broader cloud security measures to prevent unauthorized access and breaches. Ultimately, organizations need to prioritize securing their valuable data and AI resources to maintain customer trust and protect their business.

June 13, 2025 • By Naveena Sadasivam

The US Environmental Protection Agency (EPA) has announced plans to repeal two rules that limit carbon and mercury emissions from power plants. The rules, established under the Biden administration, aimed to reduce pollution from coal-fired power plants, which produce about 16% of US electricity and are a significant contributor to greenhouse gas emissions. EPA Administrator Lee Zeldin argued that the rules were "expensive, unreasonable, and burdensome" and would hinder the growth of the tech industry, which requires more electricity to power data centers and artificial intelligence infrastructure. However, analysts say that the repeal of these rules, combined with a new bill that rolls back clean energy investments, will likely lead to higher electricity costs and slower growth of new energy sources. The bill, known as the "One Big Beautiful Bill Act," repeals the Inflation Reduction Act, which had resulted in $800 billion in clean energy investments. Experts argue that the economics of coal plants are no longer viable, and that the US power sector is a significant contributor to greenhouse gas emissions, responsible for about a quarter of all emissions within the country. The repeal of these rules and the new bill may also harm the US's competitiveness in the tech industry, as companies like Microsoft, Google, and Amazon Web Services require affordable and reliable power to operate. Some of these companies have begun directly contracting with renewables developers and striking deals with nuclear power plant operators to meet their energy needs. Analysts warn that the current administration's policies may allow China to step in and take the lead in the tech industry, and that the US is at a pivotal crossroads in terms of its energy policy and competitiveness.

June 13, 2025 • By MarketBeat News

Enterprise Bank & Trust Co reduced its position in NVIDIA Co. (NASDAQ:NVDA) by 1.1% during the 1st quarter, owning 105,718 shares worth $11,458,000. Several other institutional investors also bought and sold shares of the company. FMR LLC, Geode Capital Management LLC, Price T Rowe Associates Inc. MD, Norges Bank, and Northern Trust Corp increased their holdings in NVIDIA. The company has a market cap of $3.54 trillion and a PE ratio of 57.06. NVIDIA's dividend payout ratio is 1.29%, and the company recently disclosed a quarterly dividend of $0.01 per share. Insiders sold a total of 2,560,845 shares valued at $360,351,849 in the last 90 days. Analysts have commented on NVDA shares, with a consensus rating of "Moderate Buy" and a consensus price target of $172.24.

June 13, 2025 • By Research and Markets

The Europe edge data center market is expected to grow from $5.19 billion in 2024 to $28.68 billion by 2034, with a CAGR of 18.06%. This growth is driven by the increasing need for real-time computing, low-latency data processing, and the deployment of 5G networks and IoT applications. The market is also influenced by national and EU policies supporting energy-efficient and sustainable digital infrastructure. Key players in the market are investing in prefabricated and modular edge data center designs, AI-powered automation, and predictive maintenance. The report provides an analysis of the market trends, drivers, and challenges, as well as a competitive benchmarking of key companies.