SalesforceSalesforce Ventures, the VC arm of the $50 billion cloud software maker, has suddenly cut back its spending, after establishing itself as one of the most aggressive corporate VC firms in the past couple years.
APSalesforce's $360 million deal to buy cloud software maker SteelBrick is its biggest acquisition in more than two years.
SteelBrick's quote-automating service is growing fast and could make Salesforce a more robust sales platform.
By Kelly Bit It sounds like the mother of all spreadsheets: 1 million rows, 1 million columns - 1 trillion entries in all. Fortunately, Braxton McKee isn't using Excel. Instead, he's tapping into the cloud to crunch all that market data on the cheap with software he built that learns as it goes. The cost of that cosmic power: $10. Welcome to the brave new world of cheap-and-cheerful artificial intelligence. McKee, 35, is part of a wave of math and computer whizzes that's pushing data science to new heights across Wall Street.
BOSTON/NEW YORK (Reuters) - As federal prosecutors circle Steven A. Cohen's $15 billion hedge fund in a long-running insider trading probe, one financial adviser in Texas is so devoted to the billionaire investor that he may give him more money.
Market Folly submits:(This post is part of our series on tracking hedge fund portfolios. If you're unfamiliar with tracking investments they disclose via SEC filings, check out our series preface on hedge fund filings.)
Two days, ago we noted that hedge funds are now dropping like flies in a year in which generating positive returns has become virtually impossible for the majority of the vastly overpaid 2 and 20 "smart money" out there, when we reported that the $500 million multi-strat hedge fund belonging to Doug Hirsh (of Sohn Investment Conference fame) is shutting down.
Starting this quarter, Intel has changed its reporting structure to include a new segment called "Client Computing Group." It's simply a combination of its PC Client Group and Mobile and Communications Group – two groups that reported separately up until last quarter.
May 25 (Reuters) - Billionaire hedge fund manager Steven A. Cohen is losing the financial support of Blackstone Group Inc , the largest outside investor in his embattled SAC Capital Advisors, which is yanking much of its client money, according to a letter reviewed by Reuters.