Elon Musk says xAI plans to open source Grok this week; xAI released Grok in November 2023, offering access to “real-time” data via X's $16/month subscription
and takes another swipe at OpenAI Stefanie Schappert / Cybernews.com : Musk makes xAI's Grok open source in latest dig at OpenAI Inc.com : Elon Musk's Open-Source ‘Grok’ Takes on ChatGPT Brian Bushard...
Source: Cloudera CEO Rob Bearden told employees that he is stepping down, two years after KKR and CD&R acquired the data management software company for ~$5.3B
Anissa Gardizy / The Information :
Reprise, a service used to create product demonstrations and tours, raises a $62M Series B led by Iconiq Growth
Reprise, a platform used by software companies such as Cloudera and ZoomInfo to create product demonstrations and tours, has raised $62 million in a series B round of funding.
Cloudera reports Q2 revenue of $236.06M, up 10% YoY, subscription revenue of $213.3M, up 11% YoY, and ARR of $832M, up 13% YoY, announces departure of its CPO
Cloudera also said Arun Murthy, chief product officer, will leave the company effective immediately.
PE firms KKR and CD&R agree to buy enterprise data cloud company Cloudera in an all-cash deal valuing the company at about $5.3B
Liana Baker / Bloomberg :
Cloudera beats with Q4 revenue of $226.6M, up 7% YoY, subscription rev. of $206.8M, up 14% YoY, and ARR of $778M, up 10% YoY
Tiernan Ray / ZDNet :
Cloudera reported Q2 FY 2021 total revenue of $214.3M, up 9% YoY, with subscription revenue of $191.5M, up 17% YoY, and ARR of $739M, up 12% YoY
Larry Dignan / ZDNet :
Cloudera reports Q4 revenue of $211.7M, up from $144.5M YoY, vs. estimated $201.79M, ARR of $731.2M, up 11% YoY; stock up 7%+
Stephanie Condon / ZDNet :
Cloudera names former Hortonworks CEO Rob Bearden as its new CEO; Cloudera's market cap is $3.4B, less than its $5.2B valuation when it merged with Hortonworks
Jordan Novet / CNBC :
Cloudera says CEO Tom Reilly is retiring and will leave the company's board, with board member Martin Cole to become interim CEO; stock down 40%+
KEY POINTS — Interim CEO Martin Cole is a former Accenture executive who has been on Cloudera's board since 2014. — Cloudera CEO Tom Reilly.