Aug. 30 - What to know about California’s AI bill | Nvidia revenues skyrocket

Nvidia sustains triple-digit revenue growth amid AI building boom; CrowdStrike takes a revenue hit as global IT outage reckoning lingers [View online]( | [Signup]( [CIO Dive]( Daily Dive Aug. 30, 2024 | Today’s news and insights for tech leaders [Akamai Technologies, Inc.]( BROUGHT TO YOU BY — Akamai Technologies, Inc. [Gain Control Over Sky-High Cloud Costs]( IT leaders say managing cloud spending is their top challenge. Akamai’s Project Cirrus cut spend by 40%, lowered latency by 80%, and boosted performance by 70%. [Download the whitepaper.]( NOTE FROM THE EDITOR California is in the final stages of enacting a contentious bill to shape guardrails around generative AI’s use, including potential liabilities for model developers. Reporter Lindsey Wilkinson outlined [what CIOs need to know]( before the bill goes into effect. Want to support our ongoing coverage of enterprise IT? Consider sharing this newsletter with your network: [ And a quick housekeeping note: CIO Dive will take a publishing break Monday in observance of Labor Day. We will be back in your inboxes Tuesday, Sept. 3. Thank you, as always, for your readership. Roberto Torres Editor, CIO Dive [X/Twitter]( | [Email](mailto:rtorres@industrydive.com) --------------------------------------------------------------- [What CIOs should know about California’s contentious AI bill]( The rules laid out in SB 1047 place guardrails on the technology’s development and enable the state attorney general to sue if organizations are non-compliant. --------------------------------------------------------------- [Nvidia sustains triple-digit revenue growth amid AI building boom]( “Data centers worldwide are in full steam to modernize the entire computing stack,” Nvidia President and CEO Jensen Huang said Wednesday. --------------------------------------------------------------- [CrowdStrike takes a revenue hit as global IT outage reckoning lingers]( Sales are taking longer to close and the cybersecurity vendor is offering discounts to stem potential customer losses. --------------------------------------------------------------- Sponsored Content by CIO Dive’s studioID [How malicious bots are hurting businesses]( With bot attacks on the rise, the stakes are high. Discover the innovative security solutions that are combating these ever-evolving threats in [this research report.]( --------------------------------------------------------------- [Read more news]( [image]( [Driving Efficient Software Spends]( The SaaS market is down 14% from past years. Explore the current state of the market, the possible reasons behind the SaaS decline and why a majority still struggle with managing SaaS sprawl in this webinar. 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