HPE reports Q4 revenue up 14% YoY to $9.68B, vs. $9.94B est., Server revenue down 5% to $4.5B, and forecasts Q1 revenue below est.; HPE drops 5%+ after hours (Juby Babu/Reuters)

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.

Flex, an AI startup focused on providing financial services and credit solutions to mid-sized companies, has successfully raised $60 million in a Series B funding round led by Portage, achieving a valuation of $500 million. This funding will enhance its offerings and expand its market presence.

Microsoft has denied a report claiming that several divisions within the company have lowered sales growth targets for AI products, asserting that aggregate sales quotas for these products remain unchanged. This response follows a report from The Information indicating that some units had indeed reduced their sales expectations due to missed growth targets.

Micron Technology announced its decision to exit the Crucial consumer business, focusing instead on advanced memory chips for AI data centers, amid a global supply shortage. This strategic shift reflects the company's response to evolving market demands and the increasing importance of AI technologies.

Vinci has successfully raised $36 million in a Series A funding round led by Xora Innovation, bringing its total funding to $46 million. The company specializes in using artificial intelligence simulations to accelerate the design of chips and other hardware, a critical area in the tech industry.

AMD has announced an expanded collaboration with HPE to enhance open, scalable AI infrastructure, utilizing AMD's advanced compute technologies. HPE will be among the first to implement the AMD 'Helios' rack-scale AI architecture, integrating specialized hardware for improved performance.

JD.com's JingDong Industrials (JDi), a supply chain technology and services provider, is set to raise approximately $420 million in its upcoming IPO in Hong Kong, as reported by Reuters. This move reflects the company's strategic efforts to expand its market presence and capitalize on the growing demand for supply chain solutions in the region.