In episode 56 of the theCUBE Podcast, theCUBE Research analyst John Furrier and Dave Vallante discuss a wide range of topics, including the elimination of noncompete agreements, the acquisition of HashiCorp by IBM, challenges faced by Intel in the chip market, and the performance of companies like Microsoft and Rubrik.

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They also discuss the competitive landscape in the tech industry, including the rise of AI, the importance of cybersecurity and the potential for companies such as Snowflake to reshape the data business. The episode concludes with mentions of the dynamic tech scenes in New York and Boston and the upcoming RSA Conference from May 69, Red Hat Summit from May 79 and Boomi World from May 89.

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This Week in Enterprise:

AI drives cloud growth and cloud growth drives earnings upside — for some

Artificial intelligence drove higher cloud spending this past quarter, and that in turn drove earnings upside for the likes of Google, Microsoft and SAP.

Less so, however, for Intel, IBM, ServiceNow and Meta, which haven’t yet seen the AI bump they hope to get or, in Meta’s case, are spending big on it well ahead of the revenue opportunity. That was the gist of a mixed week for tech’s first big slug of earnings reports, with more coming next week: Amazon, Advanced Micro Devices, Samsung, Qualcomm and others.

Another positive sign this week for the entire tech industry ecosystem was Rubrik’s IPO, after which its shares jumped 16% in their public market debut. IPOs, in a long drought lately, are what drive returns that are then invested back into startups, not to mention Teslas, local restaurants and already overpriced homes.

Meanwhile, IBM bought HashiCorp for $6.4 billion, and Nvidia dug under the cushions of its cashflow couch to buy GPU clustering startup Run:ai for $700 million. But Salesforce decided spending multiple billions on Informatica didn’t pencil out.

As concerns rise about the cost and time to train and run AI models, many companies are offering smaller and more efficient models — a trend that’s only likely to grow in coming months.

Lots of action on the policy front this week, as President Biden signed the ByteDance sellorban bill, raising the distinct possibility that TikTok could exit the United States — though there’s a lot of legal wrangling to come before that happens. Two other big policy dictums came down as well: The FCC reinstated net neutrality rules that Trump ended, and the FTC banned noncompete clauses.

Check out the full article https://siliconangle.com/2024/04/26/a...'>https://siliconangle.com/2024/04/26/a...

To see John and Dave in action, follow theCUBE's live event coverage at https://www.thecube.net/

For daily news for CIOs, check out our parent publication at https://siliconangle.com/

Watch the full lineup of theCUBE Pod    • theCUBE Pod with John Furrier & Dave ...  

People mentioned in this podcast:
Joe Biden, 46th president of the United States
Donald Trump, 45th president of the United States
Rob Strechay, managing director and lead analyst at theCUBE Research
Mitchell Hashimoto, founder of HashiCorp
Dave McJannet, CEO of HashiCorp
Arvind Krishna, chairman and CEO of IBM
Tim Crawford, CIO and strategic advisor of AVOA
Pat Gelsinger, CEO of Intel
David Zinsner, EVP and CFO of Intel
Dallin Grimm, writer at Tom’s Hardware
Morris Chang, AmericanTaiwanese businessman
Satya Nadella, chairman and CEO of Microsoft
Kevin Durant, American basketball power forward
Danny Allan, CTO of Snyk
Peter McKay, CEO of Snyk
Erik Bradley, chief strategist and research director at ETR
Frank Slootman, chairman of the board of directors at Snowflake
Bipul Sinha, cofounder, chairman and CEO of Rubrik
Sanjay Poonen, president and CEO of Cohesity
Larry Ellison, chairman of the board and CTO of Oracle
Michael Dell, chairman and CEO of Dell Technologies
Charles Fitzgerald, consultative strategist and investor
Jeremy Burton, CEO of Observe

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