#secure business data
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vastedge330 · 7 days ago
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Learn effective Salesforce backup strategies to protect your business data and ensure seamless recovery in case of data loss.
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techsoulculture · 1 year ago
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Secure Business Data: Managed IT Security Explained 2023
Securing company data and networks has become a vital responsibility for enterprises of all sizes in today s digital age With the frequency
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frogeyedape · 2 months ago
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I am so unbelievably pissed off. FUCK HOAs
Oh, my trash/recycling bin can't be visible except on pickup day? Ok whatever fine I hate you but I can deal with this
Weekly inspections?????? FU FU FU FU FU
SECOND NOTICE ALSO WE'RE CHARGING YOU MONEY TO SEND YOU CERTIFIED MAIL OF THIS TOTALLY LEGIT TOTALLY SECOND NOTICE OF WHAT IS ACTUALLY A VIOLATION cue me: checks notes. Hmm. My recycling bin was. on the curb. on recycling pickup day. You know. The day it has to be out. The day it is motherfucking ALLOWED TO BE FUCKING OUT AND VISIBLE.
so. 1) not a violation
I have sent them the trash AND recycling pickup schedules, which are DIFFERENT, btw
I have disputed the fact of the violation
I have disputed the linking of this "violation" to a previous violation MONTHS AGO--their "first notice" in this case was a "Courtesy Notice" LITERALLY 5 MONTHS AGO and they've done so many inspections since then and my bin CLEARLY WASN'T OUT IN THOSE INTERVENING MONTHS so WTMFH
So I am posting like a crazy person here instead of sending the absolutely deranged email I almost sent (I did send a slightly less deranged version with the disputes, and requesting a hearing)
OMG. It has been. Less than one hour since I learned this fun fun news. My bin was out YESTERDAY, y'all. YESTERDAY. I am going to blow a gasket
#it's a relatively privileged problem to have (omg i have a home truly i am grateful) but it's still a goddamned problem and i'm allowed#to fucking complain about it#in case it needs to be said#*rolling my eyes*#i advocate for free/actually affordable housing for everyone who needs it because we ALL deserve a safe secure stable home#whatever type of home that may be#it is absolutely goddamned ridiculous that megacorps can buy all the housing#rent it out at extortionate rates and evict people willy nilly#and we're talking about a “housing crisis” and not a “STOP LETTING CORPORATIONS AND BILLIONAIRES HOARD ALL THE HOUSING” crisis#goddamn.#ha elect me president (ahaha don't do this i am not a good public speaker) and I'll push congress to pass some really neat legislation#hey be more direct: elect me to congress (ahaha don't do this) and i'll WRITE some goddamn nifty legislation and yell about it as long and#as loud as i can until people start to just fucking say yes to make me shut the fuck up#(i know that's not how it works. again. don't actually elect me to a government position)#exemplia gratis:#No individual person shall own more than 6 homes UNLESS they pay a Housing Market Shrinkage Fee for removing viable housing from the market#why 6 and not 2? 2 is a lot! it's excessive! but having A vacation home shouldn't be a crime. Having 5 vacation homes is ridiculous and#awful and whatever but it's not likely to be the source of all our greatest “housing shortage” problems. no. I'm aiming for the absolutely#monstrously greedy and egregious motherfuckers who---ok#hang on. how many homes does the average min and max homeowner own? I would like to see data on that. but anyway#the next part of the legislation:#Homes owned >6 shall be charged X% Housing Market Shrinkage Fee UNLESS they are rented for affordable (15% or less than renter net income)#housing and are actively occupied by said renters. Rented out and charging more than 15% of renter's net? still gotta pay up.#EMPTY housing >6 shall be subject to an additional Y% Housing Market Shrinkage Fee (tax? should I call it a tax?) which increases with ever#month that the housing goes unoccupied. no one living in it? sell it rent it or pay the fuck up. and still pay the fuck up if you rent it#for way too goddamn much money#but like. less. we only REALLY hate you if you sit on empty houses that you don't even let anyone use#ok that's individuals. now onto BUSINESSES#ok so immediately it gets a little complicated cuz like presumably there's rental management businesses that don't own the rental propertie#that they manage BUT there are also companies that just outright own a shitfuckton of housing and THIS is the truly egregious monstrous sid
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The fact that Apple reportedly sells Apple TVs for $100+ and they’re STILL at a loss should tell you just how shady the smart TV market is. When you buy a Roku or a Smart TV, you’re buying a screen grabber. I’m not kidding. Most modern Smart TVs have a screen monitoring program built in to content match whatever you’re watching or playing (yes, even on external HDMI inputs) and sell that data to advertisers. The reason flat screen TVs have gotten so cheap isn’t because of production costs falling, but rather these companies selling the hardware to you at a loss, and then secretly selling your information and viewing habits to make up the difference. I’m not exaggerating. They’re are guides online on how to disable this screen grabbing software on a per TV-manufacturer basis. I highly recommend you look them up, or simply never connect your TV to the internet in the first place and deny it access to do so.
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theygender · 1 year ago
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I may be considering the crime of... Getting a business degree 🤢
#i Like my new job where i get to play in excel all day and i also like having financial security for the first time in my adult life#i was originally thinking about switching my major to sociology bc its another area that im interested in#but my mom may have talked me into considering a business degree as an option since sociology isnt a great fallback option...#the thought of majoring in business makes me gag tbh. but i mean... i DO like data analysis and there IS a masters for data analysis#and the bachelors degree in information systems would teach me new things about computers which might be cool#and they have an international business program that links in advanced study of foreign languages and cultures#and theres even a certificate program for sustainability that includes direct work with grassroots programs#AND all of this is intentionally made to be accessible to people who are already in the work field so i wouldnt need to quit my job...#...all of this plus a sociology minor (or double major if i can pull it off) is starting to look pretty good actually#BUT... can i withstand the pain of spending the next few years in classrooms full of business majors 🤔#real talk tho i was wanting to use my social work degree to go into policy anyways which could mean government OR corporate#...if i get a business major i could potentially speedrun the process of getting into corporate policy to make a difference that way#and my sociology minor (or major) would still support that#fuckin. trojan horse the companies i guess#i am rotating the idea in my mind with the emotional state of that gif of someone trying kombucha for the first time#rambling
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jcmarchi · 4 months ago
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Deepfake misuse & deepfake detection (before it’s too late) - CyberTalk
New Post has been published on https://thedigitalinsider.com/deepfake-misuse-deepfake-detection-before-its-too-late-cybertalk/
Deepfake misuse & deepfake detection (before it’s too late) - CyberTalk
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Micki Boland is a global cyber security warrior and evangelist with Check Point’s Office of the CTO. Micki has over 20 years in ICT, cyber security, emerging technology, and innovation. Micki’s focus is helping customers, system integrators, and service providers reduce risk through the adoption of emerging cyber security technologies. Micki is an ISC2 CISSP and holds a Master of Science in Technology Commercialization from the University of Texas at Austin, and an MBA with a global security concentration from East Carolina University.
In this dynamic and insightful interview, Check Point expert Micki Boland discusses how deepfakes are evolving, why that matters for organizations, and how organizations can take action to protect themselves. Discover on-point analyses that could reshape your decisions, improving cyber security and business outcomes. Don’t miss this.
Can you explain how deepfake technology works? 
Deepfakes involve simulated video, audio, and images to be delivered as content via online news, mobile applications, and through social media platforms. Deepfake videos are created with Generative Adversarial Networks (GAN), a type of Artificial Neural Network that uses Deep Learning to create synthetic content.
GANs sound cool, but technical. Could you break down how they operate?
GAN are a class of machine learning systems that have two neural network models; a generator and discriminator which game each other. Training data in the form of video, still images, and audio is fed to the generator, which then seeks to recreate it. The discriminator then tries to discern the training data from the recreated data produced by the generator.
The two artificial intelligence engines repeatedly game each other, getting iteratively better. The result is convincing, high quality synthetic video, images, or audio. A good example of GAN at work is NVIDIA GAN. Navigate to the website https://thispersondoesnotexist.com/ and you will see a composite image of a human face that was created by the NVIDIA GAN using faces on the internet. Refreshing the internet browser yields a new synthetic image of a human that does not exist.
What are some notable examples of deepfake tech’s misuse?
Most people are not even aware of deepfake technologies, although these have now been infamously utilized to conduct major financial fraud. Politicians have also used the technology against their political adversaries. Early in the war between Russia and Ukraine, Russia created and disseminated a deepfake video of Ukrainian President Volodymyr Zelenskyy advising Ukrainian soldiers to “lay down their arms” and surrender to Russia.
How was the crisis involving the Zelenskyy deepfake video managed?
The deepfake quality was poor and it was immediately identified as a deepfake video attributable to Russia. However, the technology is becoming so convincing and so real that soon it will be impossible for the regular human being to discern GenAI at work. And detection technologies, while have a tremendous amount of funding and support by big technology corporations, are lagging way behind.
What are some lesser-known uses of deepfake technology and what risks do they pose to organizations, if any?
Hollywood is using deepfake technologies in motion picture creation to recreate actor personas. One such example is Bruce Willis, who sold his persona to be used in movies without his acting due to his debilitating health issues. Voicefake technology (another type of deepfake) enabled an autistic college valedictorian to address her class at her graduation.
Yet, deepfakes pose a significant threat. Deepfakes are used to lure people to “click bait” for launching malware (bots, ransomware, malware), and to conduct financial fraud through CEO and CFO impersonation. More recently, deepfakes have been used by nation-state adversaries to infiltrate organizations via impersonation or fake jobs interviews over Zoom.
How are law enforcement agencies addressing the challenges posed by deepfake technology?
Europol has really been a leader in identifying GenAI and deepfake as a major issue. Europol supports the global law enforcement community in the Europol Innovation Lab, which aims to develop innovative solutions for EU Member States’ operational work. Already in Europe, there are laws against deepfake usage for non-consensual pornography and cyber criminal gangs’ use of deepfakes in financial fraud.
What should organizations consider when adopting Generative AI technologies, as these technologies have such incredible power and potential?
Every organization is seeking to adopt GenAI to help improve customer satisfaction, deliver new and innovative services, reduce administrative overhead and costs, scale rapidly, do more with less and do it more efficiently. In consideration of adopting GenAI, organizations should first understand the risks, rewards, and tradeoffs associated with adopting this technology. Additionally, organizations must be concerned with privacy and data protection, as well as potential copyright challenges.
What role do frameworks and guidelines, such as those from NIST and OWASP, play in the responsible adoption of AI technologies?
On January 26th, 2023, NIST released its forty-two page Artificial Intelligence Risk Management Framework (AI RMF 1.0) and AI Risk Management Playbook (NIST 2023). For any organization, this is a good place to start.
The primary goal of the NIST AI Risk Management Framework is to help organizations create AI-focused risk management programs, leading to the responsible development and adoption of AI platforms and systems.
The NIST AI Risk Management Framework will help any organization align organizational goals for and use cases for AI. Most importantly, this risk management framework is human centered. It includes social responsibility information, sustainability information and helps organizations closely focus on the potential or unintended consequences and impact of AI use.
Another immense help for organizations that wish to further understand risk associated with GenAI Large Language Model adoption is the OWASP Top 10 LLM Risks list. OWASP released version 1.1 on October 16th, 2023. Through this list, organizations can better understand risks such as inject and data poisoning. These risks are especially critical to know about when bringing an LLM in house.
As organizations adopt GenAI, they need a solid framework through which to assess, monitor, and identify GenAI-centric attacks. MITRE has recently introduced ATLAS, a robust framework developed specifically for artificial intelligence and aligned to the MITRE ATT&CK framework.
For more of Check Point expert Micki Boland’s insights into deepfakes, please see CyberTalk.org’s past coverage. Lastly, to receive cyber security thought leadership articles, groundbreaking research and emerging threat analyses each week, subscribe to the CyberTalk.org newsletter.
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megid0nt · 4 months ago
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obnoxious that I can't just use a computer to do the things I've always used computers to do, now I have to use two different computers including one with specialized hardware for interfacing with an entirely different network of interdevice communication. I don't wanna turn on goddamn mfa, and it's insufferable when I have to goddamn pull out another hundreds of dollars of tech just to be allowed to use your site's search (because you forbid it unauthenticated)
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memenewsdotcom · 5 months ago
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Hackers steal AT&T data
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mcubecloud · 9 months ago
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Cloud and Data: A sidewalk!
In a world where 10 million data generate each hour, is there any business identity without data? Apart from the hypothetical world that pushes businesses to adopt a plan that is enriched towards an unattainable goal for objectives stepping forward through the wave of optimism, can any spectrum of business meet the goal without a shower of data?
Read the full blog.
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alameenfm · 2 years ago
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securemycareer · 2 years ago
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Top Skill development courses for Students to get Good Placement
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Now a days, Educated Unemployment is a big concern for a country like India. Considering the largest number of youth population in world, India has huge potential to be a developed nation in the next few years. But, it can be only possible if youth contribute in economy by learning skills which are in global demand. However, course structure in colleges are outdated and do not make students job…
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adelitawilliam · 20 hours ago
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Best Practices For Payroll Data Security In Small Businesses
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To ensure payroll data security in small businesses, use secure, encrypted systems for data storage and transactions. Limit access to payroll information to authorized personnel only and implement multi-factor authentication. Regularly update software and back up data. Partnering with professionals offering payroll services for small businesses in Orange CA can provide additional security measures, reducing the risk of data breaches and errors.
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productiveandfree · 1 day ago
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How Technology is Transforming Business Communication and Management
In this world of business, technology has become the single most pivotal force in shaping organizations to communicate, manage operations, and interact with their clients.
The rapid advancements in communication tools, automation in processes, and management systems have let businesses achieve more efficiency, competitiveness, and agility toward market dynamics. This transformation has not only aligned the internal processes but has also revolutionized customer engagement, team collaboration, and decision-making.
The article now goes through how technology is changing business communication and management, highlighting key trends and tools that drive such change.
Cloud-Based Communication Platforms
Among the many innovations in business communication, cloud technology is likely the most impactful. Traditional phone systems and on-premise email servers are giving way to flexible, scalable, and more economical cloud platforms.
Unified Communication as a Service (UCaaS)
The latest of these is Unified Communication as a Service (UCaaS). With UCaaS, voice, video, messaging, and conferencing are all integrated into one solution accessible from any device capable of accessing the internet. In other words, work teams can communicate in real-time is the technology that has made working from home and hybrid workplaces possible, as companies remain productive and their workers communicate effectively over-dispersed geographies.
Reduced Infrastructure Cost
With the use of cloud-supported communication tools, a company isn't required to invest in hardware and other maintenance costs of conventional systems.
Instead of investing in a PBX system or an on-premise data center, companies can invest in subscription models that scale as required. This has made access to enterprise-level communication tools easier for small and medium businesses without heavy upfront investments.
Improved Security and Data Privacy
Cloud communication platforms are also integrated with strong security functions, including encryption, multi-factor authentication, and adherence to data privacy laws. This means that sensitive business communication will be safe from unauthorized access and prevent the leakage of critical business information.
Mobile Technology for Remote Management
Mobile technology has made it possible for business leaders and employees to stay connected and manage tasks from anywhere, at any time. A prime example of this transformation is the role of mobile connectivity in facilitating seamless communication during business trips. With tools like mobile project management apps and communication platforms, remote work has become more seamless.
For esim international travel, professionals can easily switch between networks without the hassle of changing SIM cards, ensuring they remain connected wherever they go. This ensures that even when traveling internationally, business leaders can access important documents, attend virtual meetings, and stay in touch with their teams without interruptions.
AI in Communication
The use of AI is redefining business-customer interaction and internal communication in organizations.
●     AI-Powered Customer Support: AI-powered chatbots and virtual assistants have indeed completely transformed customer support. Such applications can process hundreds of queries simultaneously in real-time and promptly respond with accuracy to the customers 24/7.
●     Natural Language Processing (NLP): This is a branch of AI-engaging computers to perceive and interpret human language. Companies are leveraging NLP in email, chat, and customer feedback analyses to understand major trends and problems in communication.
●     AI in Internal Communication: Coupled with communication with customers, AI also enhances the internal processes of communication. AI-driven tools could automate routine tasks of meeting scheduling, reminders, and keeping the workflow organized.
Team Management Collaboration Tools
Collaboration tools have now played a very important part in team management, with many employees embracing the concept of working from home and hybrid work models.
Project Management Software
Project management tools allow your team to organize work, follow through on progress, and collaborate in real-time. On the platform, members can delegate tasks, set deadlines, and communicate effectively so there is no miscommunication or a lost deadline.
They even give insights into the timeline of projects to ensure people are on the same page about what is happening with the status of a project.
Real-Time Collaboration on Documents
This has been further improved through other platforms, whereby many users can edit one document simultaneously. A team can edit a document spreadsheet or presentation, comment, and even suggestions that can be reviewed. This certainly has taken collaboration to a new level, more so when the team members are scattered in different locations.
Virtual Meeting Tools
Built-in integrations like screen sharing, virtual whiteboards, and breakout rooms make remote meetings truly far more interactive. The hybrid way of working has made these platforms do magic, connecting all the employees, those in-office and working remotely, to one platform where every single one of them has equal opportunity to participate and contribute.
Automation in Business Management
Automation is another crucial technology transforming how business activities are managed in any business to reduce workloads and further enhance operational efficiency.
●     Workflow Automation: This helps businesses automate repetitive activities. It could also mean that customer data is routed automatically to a CRM system, instead of having to be keyed in when a new lead is created or a customer makes a purchase, reducing chances of human error and thus assuring speedier processing.
●     Automated Reporting and Analytics: Automation tools will immediately report, at a frequency defined by the business rules, to make sure that managers and leaders have access to current information for making informed decisions.
●     Human Resources and Payroll Automation: Automation has also brought a sea change in HR and payroll practices. This ensures further compliance with labor laws and frees up administrative burdens on HR teams to focus on employee engagement and development.
Improved Customer Relationship Management
The application of CRM in business is central to the handling of interactions with clients and prospects. Advanced modern CRM systems, leveraging AI and automation, may unlock deeper insights for businesses into customer behavior and preferences for personalized communication and marketing strategies.
AI-Driven CRMs
CRM systems apply AI toward identifying patterns in how customers interact and then predict their future behaviors. This can include automation of things like lead scoring on the likelihood to convert, suggesting next steps for sales teams, and personalized marketing content to better engage prospects.
AI-driven CRMs offer improvements in business-customer relations because they ensure that the communication is timely, relevant, and personal.
Omnichannel Communication
The modern CRM system unifies multi-channel communications like email, social media, phone, and chat - all within one system. This ability to engage the customer across the touchpoints allows for a consistent and seamless experience in engaging them.
When the customer calls the business, writes an email, or reaches out via social media, the CRM system monitors all of these interactions to enable insight into the big picture of the customer's journey.
Data Analytics and Business Intelligence (BI)
It has indeed brought about an absolute revolution in the way businesses make decisions-from insights into performance, customer behavior, and market trends.
Real-Time Data Insights
This allows the organization to realize the data in real-time to make informed strategic decisions. These tools aggregate data from various sources into comprehensible dashboards. Based on the observation of KPIs, business executives make fact-based decisions instead of gut-based decisions.
Predictive Analytics
Artificial Intelligence and machine learning-driven predictive analytics can help businesses to accurately predict future trends and outcomes.
For example, companies can estimate the rate of churn in customers, optimize inventory levels, and even predict market demand using historical data. Using this technology, predictive analytics enables a business to pre-emptively make decisions that will enhance efficiency and profitability.
Conclusion
Technology is transforming business communication and management on an unprecedented scale. Business managers leverage these innovations on everything from cloud-based communication platforms and AI-powered customer support to automation tools and data analytics.
As technology continues to evolve, only companies that adopt new tools will remain flexible in changing market conditions, enhance customer experience, and ensure long-term success. This is what will allow businesses to continue to be competitive and thrive in the high-speed world of business today.
FAQs
1.At which points does the utilization of cloud-based communication tools improve the way business is conducted?
Cloud-based tools make communication easier, the cost of the infrastructure is reduced, and it allows for working remotely.
2.What part does AI play in improving customer service?
AI empowers businesses by providing constant support through chatbots and virtual assistants, enhancing response time and customer satisfaction.
3.Why is automation important for business management?
Automation reduces human effort to the lowest level, reduces errors, and speeds up operations in many business processes.
Daniel Martin
Dan has had hands-on experience in digital marketing since 2007. He has been building teams and coaching others to foster innovation and solve real-time problems. In his previous work experiences, he has developed expertise in digital marketing, e-commerce, and social media. When he's not working, Dan enjoys photography and traveling.
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websyn · 12 days ago
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A Strategic Approach to Cloud Migration: How Web Synergies Ensures a Seamless Transition
In today’s fast-paced digital landscape, businesses are increasingly recognising the need for a well-planned cloud migration strategy. Moving operations to the cloud isn’t just about upgrading technology—it’s a critical step towards improving efficiency, scalability, and resilience. However, without expert guidance, this transition can present unforeseen challenges. At Web Synergies, we’ve fine-tuned our approach to ensure that cloud migration is a smooth, secure, and beneficial process for businesses of all sizes.
Why Cloud Migration Matters
As industries embrace digital transformation, cloud adoption has become essential for organisations to remain competitive. A successful cloud migration enables:
Increased Operational Efficiency: Cloud solutions allow businesses to streamline operations, reduce downtime, and eliminate costly on-premises hardware.
Enhanced Data Security: Today’s cloud platforms come with advanced security measures to protect sensitive data and ensure compliance with industry standards.
Scalability and Flexibility: With cloud infrastructure, businesses can effortlessly scale resources to meet changing demands and support growth.
However, the journey to the cloud requires careful planning and a tailored approach. That’s where Web Synergies stands out.
Web Synergies’ Proven Cloud Migration Strategy
Our team at Web Synergies understands that every business has unique requirements and goals. By focusing on a strategy-driven migration process, we ensure that each step aligns with your specific business objectives. Here’s how we do it:
Assessment and Planning The foundation of a successful migration is a thorough assessment. We begin by evaluating your existing infrastructure, identifying critical applications, and pinpointing potential challenges. Our team creates a migration roadmap that prioritises business continuity and minimises disruption.
Customised Migration Pathway Whether you’re moving to a public, private, or hybrid cloud, Web Synergies tailors the migration pathway to best suit your organisational needs. Our customised approach ensures that your business enjoys the full benefits of the cloud without unnecessary complications.
Data Security and Compliance In today’s digital age, data security is paramount. Web Synergies employs the latest security protocols, ensuring your data remains safe throughout the migration. Our compliance-focused solutions meet industry standards, offering peace of mind that your information is protected.
Optimising and Testing A seamless transition means thorough testing. Before the full migration, we conduct rigorous testing to identify and resolve any issues. This ensures a stable and optimised cloud environment tailored to your specific needs.
Post-Migration Support Our commitment doesn’t end once the migration is complete. We provide ongoing support to help you navigate your new cloud environment, optimise costs, and leverage advanced cloud features for enhanced productivity.
Benefits of Choosing Web Synergies for Cloud Migration
Partnering with Web Synergies means more than just moving to the cloud. It’s about setting your business up for success in a digital-first world. Here’s what sets us apart:
Proven Expertise: Our seasoned team has a wealth of experience across various industries, ensuring a smooth migration that fits your needs.
Future-Ready Solutions: We design scalable cloud solutions that not only support your current requirements but are flexible enough to adapt to future demands.
Enhanced Agility: With our cloud migration services, your business gains the agility to respond quickly to market changes, fostering innovation and growth.
Embrace the Cloud with Confidence
Migrating to the cloud is a significant step in your business’s digital journey. With Web Synergies’ strategic approach, you can make this transition confidently, knowing you have a partner committed to your success. From assessment and planning to post-migration support, we’re here to ensure that your journey to the cloud is seamless and secure.
Ready to take your business to new heights with cloud migration? Partner with Web Synergies today to experience a smooth, strategic, and secure move to the cloud.
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jcmarchi · 5 months ago
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Broadcom's AI surge challenges Nvidia's dominance
New Post has been published on https://thedigitalinsider.com/broadcoms-ai-surge-challenges-nvidias-dominance/
Broadcom's AI surge challenges Nvidia's dominance
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Riding the AI wave, semiconductor giant Broadcom has joined the stampede of companies chasing Nvidia for a piece of the lucrative AI chip market. The computing and software conglomerate is up more than 66% in the past year, as it makes power moves to establish itself as one of the most dominant players in AI today. Broadcom has been making aggressive moves that have piqued the interest of analysts and investors, from buying VMware in a $61 billion deal to strengthen its data centre and cloud chops, to investments in AI chip R&D.
Central to Broadcom’s AI aspirations now is its fast-growing AI-connected chip business, which the company said it now forecasts will bring in an astounding $11 billion in revenue for fiscal 2024, up from a previous forecast of $10 billion. Combined with a 15% jump in Broadcom Inc shares recently, the upward revision reinforces the strong appetite for chips driving the rise of generative AI.
Morningstar analysts agreed in a note to Reuters that Broadcom remains “we continue to see Broadcom as incredibly well-positioned to benefit from rising generative AI investment in the long term,” — a view widely held on Wall Street. A second explanation for the upswing in AI for Broadcom is essentially through buying or investing very well over the years.
They come as one of three planned spinoffs in Dell’s drive to become a full-fledged cloud computing firm with the $61 billion acquisition of VMware next year, which also added $50 billion to its market capitalisation, per FactSet data. In addition, Broadcom has been ramping up its own custom AI chip business, inking deals with tech giants including Alphabet’s Google and Meta Platforms.
In March, the company revealed that a third unidentified customer was using its custom AI chips, which gave its business credibility in this high-stakes industry. According to Reuters, “At an investor conference on Wednesday, Broadcom said it will produce the new custom AI chips for ‘hyperscaler’ buyers that are mostly Alphabet’s Google and Meta Platforms.”
Diversified revenue streams and investor optimism
Broadcom’s software division, bolstered by the VMware acquisition, added $2.7 billion to its second-quarter revenue, further diversifying the company’s revenue streams and positioning it as a formidable force in the AI ecosystem. The company’s stock performance reflects this optimism, with shares surging 76% over the past 12 months and closing at a staggering $1,495.5 on Wednesday. 
Broadcom’s recent announcement of a 10-for-1 stock split, a move reminiscent of Nvidia’s strategy, is expected to further fuel investor enthusiasm. “It’s a sure-fire way to send your stock soaring,” Triple D Trading analyst Dennis Dick told Reuters, commenting on the stock split, adding that the move was “right out of Nvidia’s book.”
Nvidia’s dominance and competitive pressure
Broadcom is progressing, but Nvidia is still the leader in this space. For years, Nvidia has benefited from the first-mover advantage of producing AI chips that cater to a long tail of applications while favoring innovation over turning in big volume. While that balance appears to be in flux, Broadcom’s recent wins shed light on how the writing may be on the wall for a boom in AI now benefiting more than just one company.
This new contender has even forced Nvidia’s CEO Jensen Huang to admit that ‘a resurgent Broadcom (and other start-ups) have planners at Nvidia nervous. Huang, for his part, stressed how the company must continue to innovate to ensure that it remains ahead of its peers. Nevertheless, competition has yet to make a dent on Nvidia’s enviable lead in the AI chip market as the company busily cranks out its top-performing AI tech.
Broadcom vs Nvidia: The battle for AI chip supremacy
Unlike Nvidia’s graphics processing units which have long dominated the industry, Broadcom’s custom AI chips – or application-specific integrated circuits – might offer a great business opportunity for tech giants with massive and steady-state AI workloads. These bespoke chips require considerable initial capital investment but they can offer large cost savings in both CapEx and power consumption, which sets them up as a more cost-effective (if less general purpose) option to Nvidia’s.
Also bullish on Broadcom is Piper Sandler analyst Harsh Kumar, who writes, “We continue to see [Broadcom] as the best AI play [excluding Nvidia] due to its strong positioning in the custom ASIC business along with its strong software portfolio.”
Broadcom’s multi-pronged strategy of pumping cash into buyouts, offering bespoke chips and expanding into a software business has established it as a strong rival, as the AI revolution shows few signs of abating. Nvidia is still the undisputed leader in the industry, but Broadcom’s bold AI play here was enough to light a fire under investors and analysts both, sowing the seeds of what could become an epic showdown in the market for AI chips.
(Photo by Kenny Eliason)
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Tags: ai, artificial intelligence, broadcom, Nvidia
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monetizeme · 14 days ago
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Statement of Chair Lina M. Khan Regarding the Commercial Surveillance and Data Security
August 11, 2022
"The data practices of today’s surveillance economy can create and exacerbate deep asymmetries of information—exacerbating, in turn, imbalances of power.
And the expanding contexts in which users’ personal data is used—from health care and housing to employment and education—mean that what’s at stake with unlawful collection, use, retention, or disclosure is not just one’s subjective preference for privacy, but one’s access to opportunities in our economy and society, as well as core civil liberties and civil rights...
Business models and incentives: How should we approach business models that are premised on or incentivize persistent tracking and surveillance, especially for products or services that consumers may not be able to reasonably avoid?"
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