Broadcom releases Trident 4-X7 Ethernet switch ASIC

Broadcom announced shipment of its new Trident 4-X7 Ethernet switch ASIC— a 4.0 Terabits/second fully programmable switch designed for enterprise data center ToR (Top of Rack) boxes.The Trident 4-X7 offers native support for 400G connectivity to the next-generation spine/fabric technologies, while cutting power per 100G port by more than half versus the current generation solution. The programmable switching chip also offers hardware features for...

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AWS Local Zone opens in Phoenix - 34th worldwide

Amazon activated a new AWS Local Zone in Phoenix, Arizona, making a select set of EC2 instance types, EBS volume types, and other AWS services available with single-digit millisecond when accessed locally.The first AWS Local Zone opened in Los Angeles in 2019.AWS now operates Local Zones in 16 other parts of the United States and another 17 around the world, 34 in all. The company says it is planning to build 19 more Local Zones outside of the...

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Intel sees significant growth ahead across the AI continuum

Intel reported Q2 revenue of $12.9 billion, down 15% year over year (YoY).The results beat expectations on gross margin and EPS. Intel also raised guidance for the remaining part of the year. GAAP gross margin was 39.1%“Our Q2 results exceeded the high end of our guidance as we continue to execute on our strategic priorities, including building momentum with our foundry business and delivering on our product and process roadmaps," said Pat Gelsinger,...

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T-Mobile US reports service revenues of $15.7B, up 3%, raises guidance slightly

T-Mobile US reported Q2 service revenues of $15.7 billion, up 3% year-over-year, and Postpaid service revenues of $12.1 billion, up 5% year-over-year. Net income was $2.2 billion and diluted earnings per share was $1.86 , up $1.95 year-over-year.In addition, the company raised its guidance for Core Adjusted EBITDA, which is now expected to be between $28.9 billion and $29.2 billion, an increase from prior guidance of $28.8 billion to $29.2 billion.“If...

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Meta trims CAPEX plans

In its quarterly financial report Meta disclosed plans to lower capital expenditures for full-year 2023 to be in the range of $27-30 billion, lowered from a prior estimate of $30-33 billion. The company said the reduced forecast is due to both cost savings, particularly on non-AI servers, as well as shifts in capital expenditures into 2024 from delays in projects and equipment deliveries rather than a reduction in overall investment plans. Meta...

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Juniper posts sales of $1.43B, better than expected results

 Juniper Networks reported quarterly net revenues of $1,430.1 million, an increase of 13% year-over-year and an increase of 4% sequentially. Non-GAAP operating margin was 16.9%, an increase from 13.9% in the second quarter of 2022, and an increase from 14.8% in the first quarter of 2023. Non-GAAP net income was $189.0 million, an increase of 39% year-over-year, and an increase of 21% sequentially, resulting in non-GAAP diluted net income per share of $0.58.“We delivered better than expected results during the June quarter as our teams continued...

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Global Telco AI Alliance gets underway

A new Global Telco AI Alliance backed by SK Telecom, Deutsche Telekom, e& and Singtel aims to transform the existing telco business and create new business opportunities with AI services.Under a Memorandum of Understanding (MOU) signed in Seoul, the four carriers agreed to jointly develop a Telco AI Platform to serve as the core foundation for new AI services, including those designed to improve the existing telco services, digital assistants,...

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