HPE’s AI Servers Ready as Soon Data Centers Are, Says CEO

Netflix and Warner Bros. Discovery are in the process of finalizing a deal that is expected to be more complex than previous industry negotiations, as highlighted by Jon Klein, co-founder of Hang Media. The discussions reflect the evolving landscape of streaming services and the competitive pressures faced by Netflix from platforms like YouTube.

Meta is set to reduce its metaverse unit budget by 30%, a significant cut that reflects a strategic shift under CEO Mark Zuckerberg as the company reassesses its financial priorities. This decision comes amid ongoing scrutiny regarding the viability of its metaverse initiatives, particularly Horizon Worlds and virtual reality projects.

EuroCTP, the sole confirmed bidder for the EU equities consolidated tape, has strengthened its advisory committee by hiring Citadel, a prominent player in the financial services industry.

Chinese AI chipmaker Moore Threads Technology Co. successfully raised approximately $1.13 billion in its initial public offering (IPO), marking the second-largest onshore IPO in China this year, with a valuation of around $7.6 billion and an oversubscription rate of 2,750 times for the retail portion.

Hewlett Packard Enterprise (HPE) has issued a disappointing sales outlook, projecting revenue between $9 billion and $9.4 billion and profit of 57 to 61 cents per share for the period ending in January, falling short of analysts' expectations of $9.88 billion in sales and 53 cents in profit. This news was highlighted by Patrick Moorhead on Bloomberg The Close.

Meta is set to reduce its metaverse unit budget by 30%, a significant cut that reflects a strategic shift under CEO Mark Zuckerberg as the company reassesses its financial priorities. This decision comes amid ongoing scrutiny and challenges in demonstrating profitability in its ambitious metaverse project.

Hewlett Packard Enterprise (HPE) reported a 14% year-over-year increase in Q4 revenue, totaling $9.68 billion, but fell short of the $9.94 billion estimate. Server revenue decreased by 5% to $4.5 billion, and the company forecasted Q1 revenue below expectations, leading to a more than 5% drop in after-hours trading.

Minda Smiley, a senior analyst at EMARKETER, expressed that she is not surprised by Meta's decision to cut resources for its metaverse unit, highlighting the company's ongoing challenges in monetizing this venture. This discussion took place during an interview on Bloomberg Tech with Caroline Hyde and Ed Ludlow.