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HPE Earnings, Shares Surge on AI and Networking Demand

HPE shares surged after the company reported stronger-than-expected fiscal second-quarter results, powered by booming demand for artificial intelligence infrastructure, networking equipment, and servers. HPE beats Q2 expectations The company reported revenue of $10.7 billion for the quarter ended April 30, a 40% increase from a year earlier and well ahead of Wall Street expectations. Adjusted…

Nvidia’s Stephen Jones on the toolkit powering GPUs: ‘A wild ride’

Nvidia CEO Jensen Huang often shares the story of hand-delivering an AI supercomputer to OpenAI in 2016, back before it was the hotshot company it’s become in recent years. A key ingredient in the box was Nvidia’s CUDA toolkit, which helped turn OpenAI’s experiments into a foundation for modern AI applications. Huang credits the software…