SAP Shares Rise After Strong Earnings Ease Software Worries
Cloud backlog hits €22.9B (+26%) as SAP beats Q2 estimates. AI tools and enterprise shift drive growth, lifting shares after earnings.
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Nvidia CEO Jensen Huang: “AI Agents Mean Boom Time for Software” — Cadence Just Proved It
Jensen Huang says AI agents will boost software companies, not kill them, with Cadence launching a fast autonomous chip design AI.
Palantir Boosts Defense and Security with New Partnerships at AIPCon 9
Palantir unveiled key defense-focused partnerships and a sovereign AI blueprint with Nvidia at its AIPCon 9 event, highlighting AI's role in national security, aerospace, and energy.
Teradata Wins $480M Settlement Against SAP Over Trade Secret Theft
Teradata reached a $480M settlement with SAP to resolve a long-running trade secret lawsuit.
SAP Eyes $4.5B BlackLine Acquisition After Initial Rejection
German software giant SAP made a $66/share takeover bid for accounting automation firm BlackLine in June 2024, valuing it at $4.5B, but was rejected. SAP now weighs next steps.