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ServiceNow Inc. reported strong sales growth in the third quarter, with subscription sales increasing by 23% to $2.7 billion. The company's generative AI product, Now Assist, is experiencing rapid growth, but investors were disappointed by the financial impact of AI products, causing a 1% drop in share prices. ServiceNow is focusing on AI "agents" that can complete tasks without user supervision, with plans to release them more broadly next month. The company also announced the hiring of a leader from Google Cloud for a key role. [Extracted from the article]

IBM reported a 1% increase in third-quarter sales to $15 billion, falling short of analyst expectations due to stagnant consulting revenue of $5.15 billion. The company attributes this slowdown to clients' cautious spending amid economic uncertainties, with some projects in generative AI displacing traditional consulting. Despite strong growth in AI consulting and software bookings, IBM's stock declined in extended trading, reflecting investor concerns about the company's transformation efforts and declining infrastructure revenue. [Extracted from the article]

Microsoft has launched a new set of artificial intelligence tools called "autonomous agents" that can complete tasks such as sales, customer support, and accounting on behalf of business workers. These agents will be available in a public preview starting in December 2024. Microsoft's AI push intensifies competition with rivals like Salesforce, who also recently introduced their own AI tool called Agentforce for customer service tasks. Pricing for Microsoft's agents has not been announced, but they will be added to the Dynamics 365 software. [Extracted from the article]

IBM is investigating allegations of executive misconduct in China after a letter circulated online accusing Chairman Chen Xudong of accepting gifts from business partners and violating company policies. The letter also claimed that Chen leaked classified company information and took his staff to karaoke bars. IBM confirmed the existence of the letter and stated that they take such allegations seriously and are conducting a thorough investigation. This comes after IBM recently shut down a hardware research team in China due to geopolitical tensions. [Extracted from the article]

Dell Technologies Inc. will soon start shipping servers with Nvidia Corp.'s Blackwell artificial intelligence accelerators, indicating that production of the chip is back on track. The servers will be sent to select customers next month and will be available to the general public in early 2025. Dell is focused on expanding its business in selling high-powered servers for AI work, and investors have been optimistic about this new growth opportunity. However, some analysts have expressed concerns about the profitability of Dell's AI-oriented products and its competitive position against rivals. [Extracted from the article]

Adobe Inc. CEO Shantanu Narayen announced that the company's new video-generating AI product will have a different pricing structure compared to its other AI tools. Narayen stated that producing video is more expensive, and as the demand for video content increases, Adobe will likely introduce different pricing models. While Adobe currently offers AI features without additional charges, Narayen suggested that video AI may be subject to different pricing. The announcement caused a 2.9% increase in Adobe's stock, which had previously declined due to concerns about competition from other AI tool providers. [Extracted from the article]

Adobe Inc. has introduced artificial intelligence (AI) tools that can create and modify videos, making it the first major software company to offer this technology to customers. The tools include a feature in Adobe's video-editing software, Premiere, that allows users to extend video clips using generative AI. Other online tools enable users to produce video from text prompts and existing images. Adobe has focused on adding generative AI features to its software over the past year, and its video models have been trained primarily on videos and photos from its stock media library. The company aims to differentiate its models as "commercially safe" by using cautious training data and restrictive moderation. Adobe is also exploring the development of AI models that can generate 3D graphics. [Extracted from the article]

The article presents the top 50 figures in business, politics, science and technology, finance and entertainment whose accomplishments deserve recognition. These include Chancellor of the Exchequer Jeremy Hunt of the United Kingdom (UK) for his role in restoring the country's economic credibility, Adani Group Chairman Gautam Adani for expanding his infrastructure conglomerate, and Ukrainian President Volodymyr Zelenskiy for rejecting U.S. offers to help him escape at the start of the war.

Oracle Corp. has announced that it owns a 29% stake in Ampere Computing LLC, a startup chipmaker, and has the option to acquire control of the company through future investments. Oracle has invested $600 million in convertible debt issued by Ampere and could exercise options to acquire additional equity, which would allow it to consolidate Ampere's results with its own. Ampere, which specializes in server processors using Arm Holdings Plc technology, is exploring a potential sale and is no longer pursuing an initial public offering. Oracle has reduced its purchases of Ampere chips but still holds a significant investment in the company. [Extracted from the article]

Oracle Corp. has announced that it currently owns 29% of Ampere Computing LLC, a startup chipmaker, and has the option to acquire additional equity that would give it control of the company. In addition to its equity stake, Oracle has invested $600 million in convertible debt issued by Ampere. If Oracle exercises its options to acquire more equity, it would gain control of Ampere and consolidate its results with its own operations. Ampere is exploring a potential sale and is no longer pursuing an initial public offering. Oracle has reduced its purchases of Ampere chips but still has a remaining prepayment of $101.1 million. [Extracted from the article]

Zoom Video Communications Inc. is following in the footsteps of Salesforce Inc. and Workday Inc. by reducing the practice of compensating workers with company stock. CEO Eric Yuan stated that the issuance of equity in Zoom has been unsustainable and has led to high dilution. This move reflects a growing trend in the technology industry to limit reliance on stock-based compensation and manage dilution. Zoom plans to phase out its annual performance equity plan over the next two fiscal years and reduce the amount of equity granted to new hires. [Extracted from the article]

Salesforce CEO, Marc Benioff, announced that the company's new artificial intelligence software is a comprehensive solution for businesses looking to utilize AI technology. The software focuses on building AI "agents" that can perform specific tasks without human supervision, such as customer service or scheduling sales meetings. Benioff aims to have a billion agents with customers within the next year. While this technology may replace workers, it allows companies to increase their workforce capacity during busy periods without hiring additional employees. The stock rose 5.4% following the announcement. Benioff also addressed reports that Walt Disney Co. would stop using Salesforce's Slack tool after a hack, emphasizing the importance of customer measures to prevent security breaches. [Extracted from the article]

California Governor Gavin Newsom has expressed concerns about the potential negative impact on the development of artificial intelligence (AI) posed by a bill passed by the state legislature. The bill, SB 1047, would hold AI companies legally liable if they fail to implement required safety measures and their technology causes significant harm. Newsom, who must decide whether to sign the legislation into law or veto it, stated that he is weighing the demonstrable risks of AI versus hypothetical ones and is concerned about the potential impact on the state's competitiveness. The bill has faced opposition from major tech leaders and politicians, while receiving support from figures such as Elon Musk. Newsom has other AI-related bills awaiting his signature, some of which he considers to be more targeted in their approach. [Extracted from the article]

Salesforce is shifting its artificial intelligence (AI) strategy to focus on AI tools that can handle tasks without human supervision. The company will charge $2 per conversation held by its new "agents," which are generative AI systems designed for customer service and sales meetings. This new pricing strategy aims to protect Salesforce if AI leads to job losses and fewer workers buying subscriptions to their software. Salesforce is also embracing the potential of AI to replace employees, allowing companies to increase their workforce capacity during busy periods without hiring additional full-time or gig workers. The company's new AI products are designed to run without supervision and are more accurate and secure due to the large amount of customer data Salesforce already holds. By pricing its AI features based on outcomes rather than the number of employees using them, Salesforce is insulating itself from customer job cuts. [Extracted from the article]

Salesforce is shifting its artificial intelligence (AI) strategy to focus on AI tools that can handle tasks without human supervision. The company will charge $2 per conversation held by its new "agents," which are generative AI systems designed for customer service and sales meetings. This change in pricing strategy aims to protect Salesforce if AI leads to job losses and fewer workers buying subscriptions to their software. The pivot also addresses concerns about the impact of AI on the software-as-a-service business model. Salesforce will present its new strategy at its annual Dreamforce conference and has also announced a $500 million fund for AI startups. [Extracted from the article]

Oracle Corp. has projected that its annual revenue will reach at least $104 billion by fiscal 2029, signaling optimism for the growth of its cloud infrastructure business. The company's shares reached record highs following the announcement. Oracle, known for its database software, is focused on expanding its presence in cloud infrastructure to compete with Amazon, Microsoft, and Google. The company has also made deals with its larger rivals to allow its database software to run more easily on their platforms. [Extracted from the article]

Adobe Inc. shares have dropped after the company's sales outlook failed to meet investor expectations for new artificial intelligence (AI) tools. While Adobe has been incorporating AI features into its software, investors are concerned about the company's ability to generate revenue from these tools and compete with smaller startup rivals. The company's fiscal fourth-quarter sales guidance fell short of Wall Street estimates, causing the stock to decline. Adobe executives emphasized the importance of customers using their AI innovations and mentioned plans to develop similar technology for 3D and video-editing software. However, investors were hoping to see more immediate results from AI. [Extracted from the article]

Adobe Inc. shares have experienced a significant decline after the company issued a disappointing sales outlook. Investors are eager to see new artificial intelligence (AI) tools generate revenue for the company, as Adobe has been incorporating AI features into its software. The company's fiscal fourth-quarter sales guidance fell short of Wall Street estimates, causing concern among investors. While Adobe is focused on ensuring customers utilize its AI innovations, investors were expecting more tangible results from AI in the second half of the fiscal year. Despite this setback, Adobe's document-processing software has exceeded expectations, with a significant increase in the use of AI within Document Cloud. [Extracted from the article]

Adobe Inc. shares have dropped after the company's sales outlook failed to meet investor expectations for new artificial intelligence (AI) tools. While Adobe has been incorporating AI features into its software, investors are concerned about the company's ability to generate revenue from these tools and compete with smaller startup rivals. The company's fiscal fourth-quarter sales guidance fell short of Wall Street estimates, causing the stock to decline. Adobe executives emphasized the importance of customers using their AI innovations and mentioned plans to develop similar technology for 3D and video-editing software. However, investors were hoping to see more immediate results from AI. [Extracted from the article]

Cox Communications Inc. is planning to cut approximately 5% of its workforce due to declining revenue in cable-TV and phone services. The reductions will primarily affect corporate staff who do not interact with customers. The company cites fierce competition and a decline in video and home-phone services as reasons for the revenue decrease. Cox Communications, which provides cable TV and internet access, currently employs around 17,000 people. The company will offer voluntary separation packages to some employees, with a focus on reducing higher-ranked staff positions. Cox Enterprises Inc., the parent company, also announced a voluntary retirement program for other divisions, making around 400 employees eligible. [Extracted from the article]

Adobe Inc. shares have dropped after the company's sales outlook failed to meet investor expectations for new artificial intelligence (AI) tools. While Adobe has been incorporating AI features into its software, investors are concerned about the company's ability to generate revenue from these tools and compete with smaller startup rivals. The company's fiscal fourth-quarter sales guidance fell short of Wall Street estimates, causing the stock to decline. Adobe executives emphasized the importance of customers using their AI innovations and mentioned plans to develop similar technology for 3D and video-editing software. However, investors were hoping to see more immediate results from AI. [Extracted from the article]

Adobe Inc. saw a decline in its stock price after its revenue forecast for the current quarter fell short of Wall Street estimates. The company has been incorporating artificial intelligence (AI) features into its software, such as its proprietary AI model, Firefly, in products like Photoshop and Illustrator. However, there is concern among investors that AI could impact the business of traditional software companies like Adobe. One way Adobe is trying to capitalize on its AI features is by increasing prices for its creative software. In the fiscal third quarter, Adobe's sales increased by 11% to $5.41 billion. [Extracted from the article]

Oracle Corp. has projected that its annual revenue will reach $104 billion by fiscal year 2029, indicating optimism about the growth potential of its cloud infrastructure business. The company also raised its sales outlook for fiscal year 2026 to at least $66 billion. Oracle, known for its database software, is focused on expanding its presence in cloud infrastructure to compete with Amazon, Microsoft, and Google. The company's shares rose by about 5% after the announcement. Oracle has also made deals with its larger cloud infrastructure rivals to facilitate the use of its database software on their platforms. [Extracted from the article]

Adobe Inc. has given a revenue forecast for the current quarter that fell short of Wall Street estimates, causing concern among investors who are eager for the company's AI tools to start generating sales. The company's sales are expected to be between $5.5 billion and $5.55 billion, while analysts had estimated $5.6 billion. Adobe has been incorporating artificial intelligence features into its software, such as its proprietary AI model, Firefly, in products like Photoshop and Illustrator. Investors are interested in seeing how much AI is actually boosting sales at Adobe, as there is growing anxiety on Wall Street that AI could impact traditional software companies. The stock fell in extended trading after the announcement. [Extracted from the article]

Adobe Inc. shares have dropped after the company's sales outlook failed to meet investor expectations for new artificial intelligence (AI) tools. While Adobe has been incorporating AI features into its software, investors are concerned about the company's ability to generate revenue from these tools and compete with smaller startup rivals. The company's fiscal fourth-quarter sales guidance fell short of Wall Street estimates, causing the stock to decline. Adobe executives emphasized the importance of customers using their AI innovations and mentioned plans to develop similar technology for 3D and video-editing software. However, investors were hoping to see more immediate results from AI. [Extracted from the article]

Oracle Corp. has projected that its annual revenue will reach $104 billion by fiscal year 2029, indicating optimism about the growth potential of its cloud infrastructure business. The company also raised its sales outlook for fiscal year 2026 to at least $66 billion. Oracle, known for its database software, is focused on expanding its presence in cloud infrastructure to compete with Amazon, Microsoft, and Google. The company's shares rose by about 5% after the announcement. Oracle has also made deals with its larger cloud infrastructure rivals to facilitate the use of its database software on their platforms. [Extracted from the article]

Adobe Inc. has given a revenue forecast for the current quarter that fell short of Wall Street estimates, causing concern among investors who are eager for the company's AI tools to start generating sales. The company's sales are expected to be $5.5 billion to $5.55 billion, lower than the average estimate of $5.6 billion. Adobe has been incorporating artificial intelligence features into its software, such as its proprietary AI model, Firefly, in products like Photoshop and Illustrator. Investors are interested in seeing how much AI is actually boosting sales at Adobe, as there is growing anxiety on Wall Street that AI could impact traditional software companies. The stock dropped in extended trading after the announcement. [Extracted from the article]

Cox Communications Inc. plans to cut approximately 5% of its workforce due to declining revenue in cable-TV and phone services. The reductions will primarily affect corporate employees who do not interact with customers. The company cites fierce competition and a decline in video and home-phone services as reasons for the revenue decrease. Cox Communications aims to better serve customers, reorganize the company, focus on growth areas, and reduce operational costs. The company, which is part of Cox Enterprises Inc., currently has around 17,000 employees. [Extracted from the article]

Dell Technologies Inc. plans to continue reducing its workforce in an effort to control costs, as demand for PCs remains sluggish and sales of AI-optimized servers are not as profitable as other products. The company is focusing on expanding its business in selling high-powered servers for artificial intelligence work, which has excited investors. However, there are concerns about the profitability of this equipment due to the expensive computer chips required. Dell's PC sales have not rebounded as much as expected, with revenue from consumer-oriented PCs declining by 22% from the previous year. The company remains committed to cost management and reducing expenses. [Extracted from the article]

Oracle Corp. shares reached a record high after the company reported better-than-expected profit and bookings, driven by increased demand for artificial intelligence in its cloud computing business. The company's earnings per share were $1.39, exceeding analysts' estimates, and revenue rose by 7% to $13.3 billion. Oracle is focused on expanding its cloud infrastructure business to compete with Amazon, Microsoft, and Google, and has recently made its database available on Amazon Web Services. The company's cloud revenue for the first quarter increased by 21% to $5.6 billion, and it expects double-digit revenue growth for the fiscal year ending in May. [Extracted from the article]

Oracle Corp. saw a jump in its stock price after reporting higher-than-expected quarterly profit, driven by strong demand for its cloud computing services. The company's earnings per share were $1.39, beating analysts' estimates of $1.33, while revenue increased by 7% to $13.3 billion. Oracle is focused on expanding its cloud infrastructure business to compete with Amazon, Microsoft, and Google, and has recently made its database available on Amazon Web Services. The company's cloud revenue for the first quarter increased by 21% to $5.6 billion, and its remaining performance obligation of $99 billion is seen as a sign of sustained growth. [Extracted from the article]

Oracle Corp. has reported quarterly profit and bookings that exceeded estimates, driven by strong demand for its cloud computing business. The company's earnings per share were $1.39, beating the estimated $1.33, and revenue increased by 7% to $13.3 billion. Oracle is focused on expanding its cloud infrastructure business to compete with Amazon, Microsoft, and Google, and has seen success with generative artificial intelligence workloads. The company also announced a new agreement to make its database available on Amazon Web Services, following similar deals with Microsoft and Google. Oracle's shares rose by 9% in late trading after the announcement. [Extracted from the article]

Oracle Corp. has reported better-than-expected quarterly profit, with earnings of $1.39 per share and revenue of $13.3 billion. The company's cloud computing business, fueled by demand for artificial intelligence, has been a major contributor to its success. Oracle is focused on expanding its cloud infrastructure business to compete with Amazon, Microsoft, and Google. The company has also made agreements with Amazon, Microsoft, and Google to modernize its database business. Oracle's shares gained about 7% in extended trading after the announcement. [Extracted from the article]

Silicon Valley billionaire Thomas Siebel has filed a lawsuit against Italian energy company Enel SpA, accusing them of stealing the intellectual property of his software firm, C3.ai. C3 alleges that Enel copied thousands of lines of their source code and is seeking €2.1 billion ($2.3 billion) in damages. The relationship between the two companies deteriorated after Enel decided to develop its own platform, and C3 is now taking legal action to protect its intellectual property rights. C3 has also filed a criminal report with Italian law enforcement and is considering doing the same with US Federal law enforcement. [Extracted from the article]

Salesforce Inc. has announced its intention to acquire data protection and management solutions provider Own for $1.9 billion. This acquisition aligns with Salesforce's commitment to offering secure solutions for protecting customer data. Own specializes in securing data across software applications and has received funding from Salesforce Ventures, BlackRock Inc., and Tiger Global. The deal is expected to close in the fourth quarter and is Salesforce's largest acquisition since purchasing Slack in 2021. This acquisition does not impact Salesforce's financial guidance or capital return program. [Extracted from the article]

Dana Rao, the top lawyer at Adobe Inc., is leaving the company after playing a key role in establishing its artificial intelligence strategy and leading it through an unsuccessful antitrust battle. While Adobe conducts a search for a permanent successor, Chief People Officer Gloria Chen will temporarily lead the legal organization. Rao was instrumental in developing Adobe's approach to generative AI and advocating for the Content Authenticity Initiative. He also led Adobe's failed attempt to acquire Figma Inc. for $20 billion and the company is currently facing a lawsuit from the US Federal Trade Commission. [Extracted from the article]

Salesforce Inc. is reportedly in advanced discussions to acquire the startup Own for approximately $2 billion. The deal may be announced soon, according to anonymous sources. Own, which focuses on data security for software applications, has received funding from Salesforce Ventures, BlackRock, and Tiger Global. This potential acquisition would be Salesforce's largest since its purchase of Slack in 2021. [Extracted from the article]

Dana Rao, the top lawyer at Adobe Inc., is stepping down from his position. He played a key role in establishing Adobe's artificial intelligence strategy and led the company through an unsuccessful antitrust battle. While a permanent successor is being sought, Gloria Chen, the Chief People Officer, will temporarily lead Adobe's legal organization. Rao was also involved in Adobe's efforts to develop generative AI and establish standards for AI-generated content. Additionally, he led Adobe's failed attempt to acquire design software startup Figma Inc. for $20 billion. The company is currently facing a lawsuit from the US Federal Trade Commission for alleged violations of consumer protection laws. [Extracted from the article]

Hewlett Packard Enterprise (HPE) has reported lower-than-expected margins in its AI server business, indicating lower profitability than anticipated. The decline in margins was attributed to a higher mix of AI server revenue. Despite this, HPE saw a 39% increase in revenue from this business line in the third quarter, surpassing analysts' estimates. HPE plans to sell more higher-margin products and services alongside AI servers in the future. The majority of HPE's AI server business comes from cloud service providers, but there is increasing momentum with enterprises and governments. HPE's total revenue increased by 10% in the period, and the company projected further sales growth in the next quarter. HPE also received $2.1 billion from the partial sale of its stake in H3C Technologies Co., which will be used to finance the acquisition of Juniper Networks Inc. [Extracted from the article]

Hewlett Packard Enterprise (HPE) has reported lower-than-expected margins in its AI server business, indicating lower profitability than anticipated. The company's fiscal third-quarter adjusted gross margins were 31.8%, a decline from the previous year. Despite this, HPE saw a 39% increase in revenue from its AI server business, reaching $1.3 billion in the quarter. HPE's CEO, Antonio Neri, stated that the company plans to sell more higher-margin products and services alongside AI servers in the future. HPE's shares declined by 3% in extended trading following the announcement. [Extracted from the article]

Hewlett Packard Enterprise (HPE) CEO Antonio Neri has stated that it is the company's "fiduciary duty" to pursue damages against the estate of Mike Lynch in a civil lawsuit. Lynch, a British tech tycoon, his daughter, and close associates died when his yacht sank off the coast of Sicily. Lynch had been facing a sizable damages claim from HPE in a civil case in London related to the sale of his software company to Hewlett Packard Co. Neri believes that the actions taken by Lynch were not in the interest of shareholders and that HPE needs to see the case through. [Extracted from the article]

C3.ai Inc., a data analysis software company, saw its stock price drop by 18% in after-hours trading after reporting lower-than-expected quarterly subscription revenue. The company's subscription revenue for the fiscal first quarter was $73.5 million, falling short of the average analyst estimate of $79.1 million. Despite this, C3.ai has been successful in introducing products with generative artificial intelligence and has closed 17 generative AI pilot projects with large corporations and government entities. The stock, which had more than doubled in 2023, has declined by 20% this year. [Extracted from the article]

Hewlett Packard Enterprise (HPE) has reported lower-than-expected profitability in its server business for artificial intelligence (AI) work. The company's fiscal third-quarter adjusted gross margins were 31.8%, a decline from the previous year. Despite this, HPE saw a 39% increase in revenue from its AI server business, reaching $1.3 billion in the quarter. HPE's CEO, Antonio Neri, stated that the company plans to sell more higher-margin products and services alongside AI servers in the future. Overall, HPE's revenue increased by 10% to $7.71 billion in the period, exceeding analysts' estimates. [Extracted from the article]

Dell Technologies Inc. has reported better-than-expected revenue due to increased sales of servers designed for artificial intelligence (AI) workloads. In the fiscal second quarter, orders for AI-optimized servers reached $3.2 billion, up from $2.6 billion in the previous period. Dell's revenue rose by 9% to $25 billion, surpassing analysts' estimates. The company's high-powered AI servers have attracted investor interest, although concerns about profitability remain due to the need for expensive computer chips. Dell expects sales of approximately $24.5 billion in the fiscal third quarter. Additionally, the company reported a decline in revenue from its personal computer business, contrasting with rival HP Inc.'s enterprise PC sales growth. The PC market has experienced a decline in recent years but has shown signs of recovery. Dell recently implemented job cuts and is exploring the possible sale of cybersecurity company SecureWorks Corp. [Extracted from the article]

Dell Technologies Inc. has reported better-than-expected revenue in the fiscal second quarter, driven by increased sales of its servers for artificial intelligence (AI) workloads. The company's AI-optimized server orders reached $3.2 billion, up from $2.6 billion in the previous period. While most of the AI server business is with smaller cloud service providers, Dell sees emerging opportunities with enterprises and governments. Dell's revenue for the period ended August 2 increased by 9% to $25 billion, surpassing analysts' estimates. The company expects sales of approximately $24.5 billion in the fiscal third quarter. [Extracted from the article]

Autodesk Inc. has raised its full-year earnings outlook after facing pressure from activist investor Starboard Value LP. The software maker's profit, excluding some items, is expected to be between $8.18 and $8.31 per share in the fiscal year ending in January 2025, surpassing analysts' estimates. Autodesk has been under scrutiny since delaying its financial filings in April due to an accounting investigation, and has since replaced its CFO. Starboard has pushed for changes within the company, including increasing margins and potentially removing the CEO. Autodesk's fiscal second-quarter revenue increased by 12% to $1.51 billion, and its shares rose about 5% in extended trading. [Extracted from the article]

Autodesk Inc. has raised its full-year earnings outlook after facing pressure from activist investor Starboard Value LP. The software maker's profit, excluding certain items, is expected to be between $8.18 and $8.31 per share for the fiscal year ending in January 2025. This forecast surpasses analysts' estimates and represents an increase from the previous outlook. Autodesk has been under scrutiny since delaying its financial filings in April due to an accounting investigation. The company has made changes, including replacing its CFO, and Starboard has called for further changes, such as increasing margins and potentially removing the CEO. Autodesk's fiscal second-quarter revenue increased by 12% to $1.51 billion, exceeding expectations. The company's shares rose by about 5% in after-hours trading. Starboard, which announced its stake in Autodesk in June, has been advocating for more accountability following the accounting investigation. Despite the challenges, Autodesk remains focused on delivering sustainable shareholder value. [Extracted from the article]

Dell Technologies Inc. has reported better-than-expected revenue in the fiscal second quarter, driven by increased sales of its servers for artificial intelligence (AI) workloads. The company saw $3.2 billion in orders for AI-optimized servers, up from $2.6 billion in the previous period. While most AI server business is with smaller cloud service providers, Dell sees emerging opportunities with enterprises and governments. Dell's revenue for the period ended August 2 increased by 9% to $25 billion, surpassing analysts' estimates. The company expects sales of around $24.5 billion in the fiscal third quarter. [Extracted from the article]