Intel Corp. reported strong revenue growth during its third quarter as its "data-centric" strategy begins to take hold in key technology sectors like all-flash storage. Meanwhile, it is readying a new AI chip. Intel was among several leading U.S. technology companies reporting strong revenues this week along with Amazon and Google. The chipmaker reported revenue totaling $16.1 billion for its third quarter, about $400 million higher than forecast. Intel said it is revising its annual revenue forecast up by $700 million to $62 billion.

Chinese tech companies City Cloud and SoundAI have successfully raised $30 million and $15 million in separate funding rounds respectively. Cisco Investments and Country Garden Holdings co-led a $30 million (RMB200 million) Series B round in City Cloud International, a Hangzhou-based company focused on cloud computing and Big Data technologies, China Money Network reported. City Cloud disclosed the latest investment during the company's fifth anniversary, along with RMB500 million worth of credit from several banks. The company develops and sells Smart Connected Communities platforms and cloud computing services. It has subsidiaries in Beijing, Guangzhou, Shanghai, Chengdu, and Hong Kong.

For many founders the road to raising capital usually takes months, if not years, but for Flamingo founder Dr Catriona Wallace the latest part of her journey took just 12 minutes. The artificial intelligence fintech startup, which is listed on the Australian Securities Exchange through its holding company Cre8tek, raised $5.1 million last month via a share placement to new and existing institutional, professional and sophisticated investors. The oversubscribed round closed after just 12 minutes, with $10 million in bids vying for the 128.1 million in shares that were on offer for 4c each. "There's recently been a lot more interest and conversation [in Australia] around artificial intelligence, and this is reflected in the success of this raise," Wallace tells StartupSmart. "Like all startup founders I know that raising money is always a difficult task -- we were very pleased that the $5.1 million was oversubscribed and mainly our feeling was of happiness and confidence. It gives us a really significant runway into 2018 to prove our next key milestones."

Walmart.com is bigger than you might think. The site has 60 million items for sale, Walmart CTO Jeremy King said at the VB Summit in Berkeley, California today. That's up from 700,000 items when he joined Walmart in 2011, and it doesn't include Jet.com, the ecommerce site Walmart acquired last year. Online sales have also made notable gains: The company reported a 67 percent year-over-year increase in quarterly online sales for the three months ending in June of this year. The secret to the expansion in inventory, said King, is artificial intelligence.

Traders purchased shares of NVIDIA Corporation (NASDAQ:NVDA) on weakness during trading hours on Monday. Of all companies tracked, NVIDIA Corporation had the 13th highest net in-flow for the day. NVIDIA Corporation traded down ($0.28) for the day and closed at $196.62 A number of research analysts have recently issued reports on NVDA shares. Zacks Investment Research upgraded NVIDIA Corporation from a "hold" rating to a "strong-buy" rating and set a $169.00

Investors might have expected Xilinx (NASDAQ:XLNX) to set the stock market on fire this year as it is pursuing growth in the fast-growing fields of artificial intelligence (AI) and cloud computing. But the chipmaker has underperformed the NASDAQ-100 Technology Sector so far this year despite posting steady growth in its revenue and earnings. The stock market has remained indifferent toward Xilinx's quarterly performances even though it stands to gain big from the growing adoption of its programmable chips in data centers, automotive solutions, and 5G wireless communications. But will the market's attitude toward Xilinx change with its upcoming fiscal second-quarter report that's due on Oct. 25? Let's take a look. Xilinx doesn't expect a massive improvement in its second-quarter revenue and earnings as compared to the year-ago quarter.

Two artificial virtual assistants called Rosie and Maggie are set to become more ubiquitous after artificial intelligence start-up Flamingo raised $5.1 million last month to fund their rollout. Chief executive Catriona Wallace, who founded Flamingo in 2014, says she is "super pleased" with the raise after it was opened and closed within 12 minutes with $10 million bid on the book. "We were well oversubscribed," she says. "It was one of the fastest capital raises that [lead investment partner] Bell Potter had ever conducted, which I believe is testament to Australia's growing interest in artificial intelligence and machine learning." Flamingo is headquartered in Sydney but also has offices in the US with 30 staff across the two countries. The start-up's flagship technology is its artificial virtual assistants Rosie and Maggie.

Earlier this year, Cisco announced the acquisition of AppDynamics – uniquely positioning Cisco to enable enterprises to accelerate their digital transformations by actively monitoring, analyzing and optimizing complex application environments at scale. Today, we are excited to announce the intent to acquire Perspica, the first acquisition to support and accelerate the AppDynamics vision. In our experience working with the world's largest companies, we know that machine learning is only as good as the data it ingests; only as relevant as the data's timeliness; and only as valuable as the data's business context. Cisco's AppDynamics data sets span wherever the application components are deployed, and there is a massive opportunity to correlate this with user experience and business context. With the addition of Perspica to our AppDynamics capabilities, customers will be able to further take advantage of machine learning capabilities to analyze large amounts of application-related data, in real time and with business context, including when an application is deployed in a company's public, private and multiple cloud environments.

Over the past year, Lyft has picked up market share in some key cities while into pushing into dozens of new U.S. markets, driven in part by carefully-crafted marketing that casts it as the friendlier alternative to Uber. Uber, meanwhile, has been beset by a series of troubling events, including sexual-harassment allegations, the resignation of longtime chief executive Travis Kalanick, a lawsuit between board members and several federal probes into its business operations. It only recently hired a new chief, former Expedia Inc. CEO Dara Khosrowshahi, who is tasked with filing the company's depleted executive ranks and is already dealing with a regulatory spat in London, one of its biggest markets. Uber is working to nail down a proposed investment from SoftBank that could total as much as $10 billion, including a direct investment of as much as $1.25 billion. On Monday at The Wall Street Journal's WSJD.Live conference, Uber board member Arianna Huffington said she expects the company will resolve the weekslong talks within days.

Enterprise tech start-up Petuum is on a quest to help businesses of any kind use artificial intelligence just like Google, Amazon, Facebook or Tesla. Companies can use AI to build recommendation systems, help diagnose diseases and add self-driving capability to cars, according to Petuum co-founder, CEO and chief scientist Eric Xing, a computer science professor now on sabbatical from Carnegie Mellon University. Now the start-up has raised $93 million in a new round of venture funding from SoftBank to develop and popularize this technology, Xing told CNBC. Most organizations that want to use AI don't have access to a deep bench of technical talent. Nor do they have the computing infrastructure to run AI workloads at scale.