TNB Tech Minute: Nvidia Chief Says Heavy Industry Ripe for Automation

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.6 • 1.6K Ratings

🗓️ 26 June 2024

⏱️ 2 minutes

🔗️ Recording | iTunes | RSS

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Summary

Plus, activist investor Jana Partners plans to push cybersecurity firm Rapid7 to sell itself. And HP appoints a new finance chief. Zoe Thomas hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

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0:00.0	O. C.I. is the single platform for your infrastructure, database, application development, and
0:05.3	AI needs. Do more and spend less like Uber, 8 by 8, and Databrics Mosaic.
0:11.4	Take a free test drive of OCI at oracle.com
0:14.3	slash Wall Street. Here's your Tn B Tech Minute for Wednesday June 26th. I'm
0:21.3	Zoe Thomas for the Wall Street Journal.
0:24.0	And video CEO Jensen Huang says that $50 trillion of heavy industry
0:29.1	is ripe for automation in the next wave of AI, driven by the company's advanced chips.
0:35.0	He made the comments at NVIDIA's annual meeting today.
0:38.0	Chips based on the company's next generation chip architecture,
0:42.0	code-named Blackwell, are expected to debut in the fourth quarter of this year.
0:46.0	Huang predicted it would be the most successful product in the company's history.
0:51.0	We exclusively report that activist investor Jana Partners has a stake in
0:55.7	Cybersecurity Company Rapid 7 and plans to push the company to sell itself.
1:00.6	That's according to people familiar with the matter. The size of the
1:04.1	stake couldn't be learned but Jana's managing partner described it as
1:07.6	significant. Jana is working with the investment firm Kineh Holdings, the people
1:12.4	said. The goal is for Keney to team up with a private
1:15.6	equity firm to buy Rapid 7.
1:18.7	And H.P. has hired Karen Park Hill as its next chief financial officer. Park Hill has been the
1:24.3	finance chief of Medical Technology Company Medtronic since 2016. She will join the
1:29.8	maker of PCs and printers on August 5th.
1:33.0	For a deeper dive into what's happening in tech,
	...

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