69. AI Bubble, Big Tech Bullseye, Security Community Unites

In episode 69 of the CUBE Podcast, theCUBE Research analysts John Furrier and Dave Vellante discuss the significant regulatory challenges facing tech giants such as Google and Amazon, including Google's recent monopoly case loss and the UK's scrutiny of Amazon's partnership with Anthropic. The episode highlights key industry shifts, such as Dell's strategic layoffs and Intel's pivot toward Nvidia.
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At the Black Hat conference, AI's critical role in security and risk management was a focal point. Market dynamics are also examined, with earnings reports from companies such as Super Micro and CyberArk, and acquisitions by Hugging Face and Box. The podcast concludes with insights into the evolving media landscape driven by AI advancements and the fierce competition among tech behemoths.
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This Week in Enterprise:
At Black Hat, cybersecurity faces an AI conundrum amid a glut of defensive weapons
Ahead of the annual Black Hat cybersecurity conference in Las Vegas, we warned that defensive tool sprawl is only likely to get worse.
Onsite, the talk was about, of course, the impact of AI. So far, so good, but defenders are bracing for more sophisticated artificial intelligence-driven attacks. Meantime, lots of cybersecurity providers are doing well, if earnings and new fundings are any indication.
This week Google lost its search monopoly case, which is a big deal - but the impacts won’t be immediate beyond full employment for Google lawyers who plan to appeal. Fact is, there are multiple options that may end up not hurting it that much - or so investors chose to believe.
Elsewhere on the antitrust front, the U.K. decided to launch a fuller probe of Amazon’s Anthropic partnership, though it seems like a weak case given that Google is also a big investor, and Amazon has no board seats. There’s no doubt that these non-acquisitions could strengthen Big Tech’s hand in AI.
Nevertheless, a few startups are continuing to get big funding. Case in point: Groq raised a boatload, because why should Nvidia make all the money in AI chips? Especially when Nvidia itself had to delay its latest chip. Meanwhile, Intel tried to show it’s still making progress on tech, even if it might be too late. (At least it dumped Bob Swan, yikes.)
Dell laid off thousands of workers… again. How many thousands, we won’t know at least until the company reports earnings at the end of the month.
Next week, look for earnings reports from two bellwethers: Cisco, which also may announce its own layoffs next week, and Applied Materials.
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People mentioned in this podcast:
Michael DeCesare, president at Abnormal Security
Elon Musk, CEO of Tesla
Paul Gillin, enterprise editor at SiliconANGLE Media
Soni Jiandani, CVP at AMD Networking Technology and Solutions Group
Steve Ballmer, former CEO and president of Microsoft
MrBeast, internet personality
Mark Zuckerberg, CEO of Meta Platforms
Lina Khan, chair of the Federal Trade Commission
Jack Welch, executive chairman of The Jack Welch Management Institute
Steve Jobs, co-founder and former CEO and chairman of Apple Inc.
Tim Cook, CEO of Apple
Andy Jassy, president and CEO of Amazon
Satya Nadella, chairman and CEO of Microsoft
Sundar Pichai, CEO of Google and Alphabet
Jeremy Siegel, economist
Martin Casado, partner at Andreessen Horowitz
Scott Wiener, United States senator
Andrew Ning, associate professor at Brigham Young University
Charlie Kawwas, president at Broadcom
Charlie Giancarlo, CEO of Pure Storage
Hock Tan, president and CEO of Broadcom
Matt Garman, CEO of AWS
Rob Hof, editor-in-chief at SiliconANGLE Media
George Gilbert, principal analyst at theCUBE Research
Benoit Dageville, co-founder and president of product at Snowflake
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[@herambthuse5460]

Hi, please see if you can cover lay offs deeper, in your next week's review, it will help your followers like me . There is lot of gas around these layoff numbers, would like to understand the truth on ground from you. And answers like why, when , where and what's next ? Suggest you to look beyond USA companies too.

[@AlohaTimes]

AI is a bubble. The thought that these software start ups are synonymous with AI shows the delusional phase of the bubble

[@fcaspergerrainman]

Agreed! Good insight