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The HP-Autonomy lawsuit: Timeline of an M&A disaster

CIO

Around the turn of the century, Autonomy Corporation was one of the darlings of the UK technology industry, specializing in knowledge management and enterprise search. Rather than selling software to customers, HP said, Autonomy had been selling them hardware at a loss, then booking the sales as software licensing revenue.

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CodeSignal secures $50M for its tech hiring platform

TechCrunch

In less than a year after raising $25 million in Series B funding , technical assessment company CodeSignal announced a $50 million in Series C funding to offer new features for its platform that helps companies make data-driven hiring decisions to find and test engineering talent. Hiring talent is the No.

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Battery Ventures Sees AI’s Massive Impact On Tech, And It’s Here Already

Crunchbase News

Battery has made investments in Arize , Weaviate and Galileo in technologies that assist companies with model management and performance. Thakker joined Battery in 2015 to build out its infrastructure, data and cloud practice. And so, we’re seeing this innovation fully impact productivity in the tech sector.”

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Consulting, software boost IBM revenue as it turns to AI

CIO

Strong performances in software and consulting helped IBM’s profit and revenue increase in the first quarter, even as a post-pandemic slowdown hit much of the technology industry. IBM’s software and consulting revenue both rose 3% year over year. 4%, to $14.3

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12 most popular AI use cases in the enterprise today

CIO

And with the rise of generative AI, artificial intelligence use cases in the enterprise will only expand. DC Water even has an AI tool called Pipe Sleuth that can review CCTV footage of sewer pipes to assess their maintenance needs in real-time.

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Lilt raises $55M to bolster its business-focused AI translation platform

TechCrunch

Lilt , a provider of AI-powered business translation software, today announced that it raised $55 million in a Series C round led by Four Rivers, joined by new investors Sorenson Capital, CLEAR Ventures and Wipro Ventures. San Francisco, Calfornia-based Lilt was co-founded by Green and John DeNero in 2015. A robust market.

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SAP cloud sales jump, fueling a rise in revenue

CIO

Fueled by strong sales of cloud-based ERP software that more than offset a decline in revenue from on-premises applications, SAP revenue jumped in the third quarter compared to the year-earlier period, according to company’s quarterly financial report, released Tuesday. SAP’s cloud and software revenue for the quarter rose 14% to €6.71

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