Indicators for Hewlett Packard Enterprise Co., cowl the facade of the New York Inventory Trade Nov 2, 2015. REUTERS/Brendan McDermid
Hewlett Packard Enterprise is in superior talks to purchase community gear maker Juniper Networks for about $13 billion to bolster the practically 100-year-old expertise firm’s synthetic intelligence (AI) choices, the Wall Road Journal reported on Monday.
A deal between the 2 firms may very well be introduced as quickly as this week, in line with the report, citing folks conversant in the matter.
Shares in HPE fell 7.7 p.c, whereas Juniper jumped 21 p.c in prolonged buying and selling.
Hewlett Packard Enterprise declined to touch upon the report, whereas Juniper Networks didn’t instantly reply to a Reuters request for remark.
READ: Tech giants jockey for place at daybreak of AI age
Final 12 months, server maker HPE stated that it was rolling out a cloud computing service designed to energy AI programs much like ChatGPT.
Juniper’s high-performance community and repair choices embrace routing, switching, Wi-fi Constancy (Wi-Fi), community safety, AI-enabled enterprise networking operations (AIOps), and software-defined networking (SDN) applied sciences.
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