Amazon Web Services faced a massive outage impacting over 1,000 websites, including Snapchat and Reddit. The issue, stemming from faulty automation in its DNS systems, raised concerns about reliance on cloud providers. Some services remain down as AWS works to improve reliability.
Modular, an AI startup, has raised $250 million, tripling its valuation to $1.6 billion. The company aims to disrupt Nvidia's AI software dominance by enabling developers to run applications across different chip platforms.
Shares of Marvell Technology dropped 15% after the AI chipmaker reported lower-than-expected data center revenue and provided a lackluster outlook for the upcoming quarter. The CEO acknowledged some challenges in customer pipeline clarity, raising concerns among investors.
