(Reuters) -Salesforce expects revenue of more than $60 billion in 2030, according to a presentation made at its Dreamforce event on Wednesday. Shares of the company rose by nearly 4% in aftermarket trading. (Reporting by Juby Babu in Mexico City; Editing by Pooja Desai)
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(Reuters) -Hewlett Packard Enterprise forecast annual profit and revenue below Wall Street expectations on Wednesday, as it shifts its server business toward artificial intelligence and networking following its Juniper Networks acquisition. Shares of the company were down about 8.5% in after-hours trading. Starting in the first quarter of fiscal 2026, the company will merge its server, hybrid cloud and financial services business segments into a newly created segment: cloud & AI. HPE is targeting growth in the booming artificial intelligence infrastructure market, as businesses ramp up hardware and software spending to support AI. "In HPE's new chapter, our strengthened portfolio will create more profitable growth, increasing capital return opportunities that deliver even greater value to our shareholders," CEO Antonio Neri said. HPE's Juniper acquisition is expected to double its networking business and close the gap with rival Cisco Systems. HPE projects fiscal 2026 adjusted earnings to be between $2.20 and $2.40 per share, the midpoint of which was below the analysts' average estimate of $2.40 apiece, according to data compiled by LSEG. Revenue for FY26 is expected to grow between 5% and 10%, compared with estimates of 17.2% growth. The company said it plans to cut jobs as part of its integration of Juniper Networks, estimating the total cost of the reductions at about $240 million. HPE expects fiscal 2026 free cash flow to be between $1.5 billion and $2 billion, compared with estimates of $1.88 billion. It said its operations will be organized into three main segments — cloud & AI, networking, and corporate investments and other — starting next fiscal year. (Reporting by Harshita Mary Varghese in Bengaluru; Editing by Alan Barona)
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(Reuters) -Hewlett Packard Enterprise forecast annual profit and revenue below Wall Street expectations on Wednesday, as it shifts its server business toward artificial intelligence and networking following its Juniper Networks acquisition. Shares of the company were down about 8.5% in after-hours trading. Starting in the first quarter of fiscal 2026, the company will merge its server, hybrid cloud and financial services business segments into a newly created segment: cloud & AI. HPE is targeting growth in the booming artificial intelligence infrastructure market, as businesses ramp up hardware and software spending to support AI. "In HPE's new chapter, our strengthened portfolio will create more profitable growth, increasing capital return opportunities that deliver even greater value to our shareholders," CEO Antonio Neri said. HPE's Juniper acquisition is expected to double its networking business and close the gap with rival Cisco Systems. HPE projects fiscal 2026 adjusted earnings to be between $2.20 and $2.40 per share, the midpoint of which was below the analysts' average estimate of $2.40 apiece, according to data compiled by LSEG. Revenue for FY26 is expected to grow between 5% and 10%, compared with estimates of 17.2% growth. The company said it plans to cut jobs as part of its integration of Juniper Networks, estimating the total cost of the reductions at about $240 million. HPE expects fiscal 2026 free cash flow to be between $1.5 billion and $2 billion, compared with estimates of $1.88 billion. It said its operations will be organized into three main segments — cloud & AI, networking, and corporate investments and other — starting next fiscal year. (Reporting by Harshita Mary Varghese in Bengaluru; Editing by Alan Barona)
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SINGAPORE (Reuters) -Singapore will introduce a new online safety commission with powers to order social media platforms to block harmful posts, according to a new bill that was tabled in parliament on Wednesday. The new law comes after researchers from the Infocomm Media Development Authority found in February that more than half of legitimate user complaints about harmful posts relating to issues like child abuse and cyber-bullying had not been immediately addressed. The new commission will be empowered under a new law to address local user reports of harms like online harassment, doxxing, online stalking, the abuse of intimate images and child pornography by the end of the first half of 2026. It will also have powers to direct social media platforms to restrict access to harmful material within Singapore, give victims a right to reply, and ban perpetrators from accessing their platform. The commission will also be able to order internet service providers to block access to specific online locations, such as group pages or even a social media platform's website. More harms, including the non-consensual disclosure of private information and "the incitement of enmity", will be introduced over stages following the initial launch. The new commission will be set up under a new online safety bill that was introduced to lawmakers on Wednesday. It will be debated at the next available session of parliament. The setting up of an online safety commission was first mooted during the Ministry of Digital Development and Information's budget debate in March this year. "More often than not, platforms fail to take action to remove genuinely harmful content reported to them by victims,” said Josephine Teo, Minister for Digital Development and Information. The government recently targeted Meta with the first order issued under the nation's new Online Criminal Harms Act, which came into force in February 2024. In September, the home affairs ministry threatened Meta with a fine of up to S$1 million ($771,664) and fines of up to S$100,000 per day after the end of the month if it failed to introduce measures like facial recognition to curb impersonation scams on its social network Facebook. The home affairs ministry could not immediately be reached to confirm if Meta complied with the order. ($1 = 1.2959 Singapore dollars) (Reporting by Jun Yuan Yong; Editing by David Stanway)
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TAIPEI (Reuters) -TSMC, the world's largest manufacturer of advanced artificial intelligence chips, is set to post a 28% jump in third-quarter profit to reach a record high due to surging demand for AI infrastructure, though U.S. tariffs may complicate its outlook. Taiwan Semiconductor Manufacturing Co, the world's biggest contract chipmaker and a key supplier to Nvidia and Apple, is likely to report a net profit of T$415.4 billion ($13.59 billion) for the three months through September 30, showed an LSEG SmartEstimate compiled from 20 analysts. SmartEstimates place greater weight on forecasts from analysts who are more consistently accurate. TSMC has already flagged a market-forecast-beating rise in third-quarter revenue of 30%. Any profit result above T$398.3 billion would be the chipmaker's highest-ever and its seventh consecutive quarter of profit growth. TSMC, Asia's most-valuable listed company with a market capitalisation of around $1.2 trillion – nearly three times that of South Korean rival Samsung Electronics – will report financial results on Thursday and provide fourth-quarter guidance in an earnings call scheduled for 0600 GMT. On Wednesday, top semiconductor equipment maker ASML, for whom TSMC is a major customer, said third-quarter bookings beat market forecasts but that it expected a significant fall in demand from China next year. Samsung on Tuesday said it expected its biggest quarterly profit in over three years, also on the AI boom. It remains unclear how much U.S. President Donald Trump's tariffs will affect TSMC. Taiwan's exports to the United States are currently subject to a 20% tariff, but that excludes chips. U.S. Secretary of Commerce Howard Lutnick proposed last month that Taiwanese companies split their production of chips 50-50 between Taiwan and the U.S., compared to the current setup where the vast majority of production is on the island. Taiwan has rejected that idea. TSMC is already investing $165 billion building factories in the U.S. in the state of Arizona. Shares in TSMC have gained 36% so far this year on optimism over AI, largely brushing off tariff concerns. The heavyweight's rise has powered the benchmark Taiwanese index's 18% advance over the same period. ($1 = 30.5680 Taiwan dollars) (Reporting by Ben Blanchard; Editing by Christopher Cushing)
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(Reuters) -Adtalem Global Education said on Wednesday it will partner with Alphabet's Google Cloud to launch an artificial intelligence credential program aimed at students and healthcare professionals to use AI tools in clinical practice. The program, set to debut in 2026, will provide students and practicing clinicians across Adtalem's network, including Chamberlain University and Walden University, with hands-on experience using Google Cloud's AI tools, such as Gemini models and Vertex AI services. Adtalem said participants will complete coursework covering AI applications in clinical practice, ethical considerations, patient safety protocols, and hands-on experience with healthcare-specific AI tools commonly used across hospital systems and clinical practices. The initiative comes as hospitals invest heavily in AI to ease staffing shortages, but many physicians and nurses remain unprepared to adopt the technology, said the healthcare educator, which serves more than 91,000 students across its institutions, and has around 365,000 alumni. Michael Betz, Adtalem's chief digital officer, said the "partnership with Google Cloud gives our students a competitive edge in their careers — whether they're treating patients, providing mental health counseling, or leading healthcare teams." He added, "our graduates will enter the workforce confident in using AI to enhance their clinical decisions, spend less time on paperwork and more time connecting with patients." Brent Mitchell, vice president of Google Public Sector, said the partnership aims to ensure clinicians can implement AI "safely, responsibly and effectively." A Harris poll from last month showed more than half of U.S. healthcare workers are actively looking to leave their current jobs. The survey also showed 42% of employees worry AI will replace some aspects of their job, with 41% or less than half feeling comfortable using AI tools in their current role. (Reporting by Puyaan Singh in Bengaluru; Editing by Shailesh Kuber)
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(Reuters) -Adtalem Global Education said on Wednesday it will partner with Alphabet's Google Cloud to launch an artificial intelligence credential program aimed at students and healthcare professionals to use AI tools in clinical practice. The program, set to debut in 2026, will provide students and practicing clinicians across Adtalem's network, including Chamberlain University and Walden University, with hands-on experience using Google Cloud's AI tools, such as Gemini models and Vertex AI services. Adtalem said participants will complete coursework covering AI applications in clinical practice, ethical considerations, patient safety protocols, and hands-on experience with healthcare-specific AI tools commonly used across hospital systems and clinical practices. The initiative comes as hospitals invest heavily in AI to ease staffing shortages, but many physicians and nurses remain unprepared to adopt the technology, said the healthcare educator, which serves more than 91,000 students across its institutions, and has around 365,000 alumni. Michael Betz, Adtalem's chief digital officer, said the "partnership with Google Cloud gives our students a competitive edge in their careers — whether they're treating patients, providing mental health counseling, or leading healthcare teams." He added, "our graduates will enter the workforce confident in using AI to enhance their clinical decisions, spend less time on paperwork and more time connecting with patients." Brent Mitchell, vice president of Google Public Sector, said the partnership aims to ensure clinicians can implement AI "safely, responsibly and effectively." A Harris poll from last month showed more than half of U.S. healthcare workers are actively looking to leave their current jobs. The survey also showed 42% of employees worry AI will replace some aspects of their job, with 41% or less than half feeling comfortable using AI tools in their current role. (Reporting by Puyaan Singh in Bengaluru; Editing by Shailesh Kuber)
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(Reuters) -Core Scientific's board urged its shareholders on Wednesday to vote for the company's proposed sale to CoreWeave. CoreWeave announced its intention to buy Core Scientific in an all-stock deal valued at about $9 billion in July. The proposed deal faces opposition from the crypto miner's biggest shareholder, Two Seas Capital. Core Scientific's board has "unanimously determined" that the deal represents the best alternative for all its stockholders, it said in an investor presentation on Wednesday. CoreWeave provides access to data centers and Nvidia-powered AI chips to companies seeking to train large language models. (Reporting by Juby Babu in Mexico City; Editing by Pooja Desai)
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(Reuters) -Core Scientific's board urged its shareholders on Wednesday to vote for the company's proposed sale to CoreWeave. (Reporting by Juby Babu in Mexico City; Editing by Pooja Desai)
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By Krystal Hu and Deepa Seetharaman (Reuters) -Artificial intelligence startup Anthropic is projecting to more than double and potentially nearly triple its annualized revenue run rate next year, fueled by the rapid adoption of its enterprise products, according to two people familiar with the matter. The company is on track to meet an internal goal of $9 billion in annual revenue run rate – a calculation of annual revenue extrapolated from the current sales pace – by the end of 2025, the people said. For 2026, Anthropic has set even more aggressive targets: a base case of more than doubling to $20 billion in annualized revenue and a best case of as much as $26 billion, the people said, requesting anonymity to discuss private figures. Anthropic told Reuters its annual revenue run rate is approaching $7 billion this month, but declined to comment on future projections. The company has said its annual revenue run rate was more than $5 billion in August. AI DEMAND SOARS The projections underscore continued strong demand for generative AI tools among businesses and help explain investor enthusiasm, even as AI spending, especially in infrastructure buildout, comes under scrutiny. Some people worry the level of investment might be unsustainable. Fueling the expansion is the uptake of enterprise products, which are built for organizations. Anthropic has more than 300,000 business and enterprise customers, which account for about 80% of its revenue. The company sells access to its models via application programming interfaces, which are tools that help different software communicate. It offers products including the code‑generation tool Claude Code, which has reached an annualized revenue run rate of nearly $1 billion since its launch earlier this year, one of the people added. The revenue trajectory positions Anthropic as a rival to ChatGPT maker OpenAI. OpenAI said in June that its annualized revenue run rate had reached $10 billion, up from roughly $5.5 billion in December 2024, driven by the continued growth of ChatGPT, the generative AI assistant that has more than 800 million weekly active users. Anthropic's revenue milestones follow a period of brisk fundraising and valuation gains for the San Francisco-based startup. The company was recently valued at $183 billion after raising $13 billion in a Series F round led by ICONIQ, more than doubling its $61.5 billion valuation in March. Backed by technology companies including Alphabet's Google and Amazon.com, Anthropic develops the Claude family of large language models, which compete with OpenAI's GPT series. The company emphasizes AI safety and building models for enterprise use cases. Its models have helped power a boom in code‑generation startups such as Cursor. Anthropic has been expanding sales to governments and growing outside the U.S. In August, it said it would offer its Claude model to the U.S. government for $1. The company plans to open its first office in Bengaluru, India, in 2026 — its second-largest market after the U.S.— and intends to triple its international workforce and expand its applied AI team fivefold this year to meet rising demand. (Reporting by Krystal Hu and Deepa Seetharaman in San Francisco; editing by Kenneth Li and Rod Nickel)
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