Hewlett Packard plans to buy Juniper Networks, which could aid the nearly 100-year-old technology company’s artificial intelligence (AI) products.
Hewlett Packard Enterprise is in talks to buy Juniper Networks for around $13 billion.
According to a source, an agreement between the two corporations might be announced as soon as this week.
Hewlett Packard shares sank 7.7% in extended trade, while Juniper rose 21%.
According to a report earlier in the day, the transaction between Hewlett Packard and Juniper Networks would help strengthen the almost 100-year-old technology company’s artificial intelligence (AI) products.
Last year, server manufacturer Hewlett Packard announced the launch of a cloud computing service geared to support AI systems similar to ChatGPT.
Routing, switching, wireless fidelity (Wi-Fi), network security, AI-enabled enterprise networking operations (AIOps), and software-defined networking (SDN) technologies are among Juniper Network’s high-performance network and service offerings.
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