Mike Wheatley
Latest from Mike Wheatley
Profluent Bio raises $106M from Jeff Bezos and others to accelerate protein design with AI
Jeff Bezos has had quite a busy week, having just concluded his third venture capital investment in a promising artificial intelligence startup. This time, the recipient of Bezos’s largesse is a company called Profluent Bio Inc., which said today it has raised $106 million to explore its ambitions of making biology more “programmable.” On this ...
Jeff Bezos-backed Physical Intelligence raises $600M to improve its AI robot brains
Robotics software startup Physical Intelligence has reportedly closed on a fresh, $600 million round of funding that brings its valuation to a lofty $5.6 billion. The company has not officially disclosed the latest round, but reports by The Information and Bloomberg cited undisclosed sources who are familiar with the matter on the details. Those sources ...
Elastic beats earnings expectations but its stock crumbles in late trading on mounting losses
Shares of the enterprise search software company Elastic N.V. were hammered in late trading today even though the company posted a solid earnings beat and offered strong guidance for the current quarter and full year. The company reported third-quarter earnings before certain costs such as stock compensation of 64 cents per share, exceeding Wall Street’s forecast ...
Alphabet’s Intrinsic and Foxconn plan to accelerate factory automation with smarter robots
Alphabet Inc.’s robotics unit Intrinsic Innovation LLC said today it’s working with the manufacturing giant Hon Hai Precision Industry Co. Ltd., better known as Foxconn, to explore possibilities for the mass deployment of robots on its assembly lines. The two companies have just created a multiphased joint venture that aims to design and develop a ...
IBM and Cisco want to build a quantum internet by the late 2030s
Silicon Valley technology titans IBM Corp. and Cisco Systems Inc. are looking beyond artificial intelligence to the next big thing: quantum computing. Today they announced plans to collaborate on a large-scale and fault-tolerant network that will enable tens of thousands of so-called “qubits” to work together to solve some of the world’s most complex problems. ...
What AI bubble? Nvidia crushes expectations again, as revenue jumps 62%
Updated: Nvidia Corp. reported sales that surpassed the lofty bar set by analysts in its latest financial results, easing some of the growing fears that the artificial intelligence boom may transform into a bust that cripples the world’s most valuable company, and perhaps the rest of the economy with it. The AI chipmaker reported third-quarter ...
Meta’s new image segmentation models can identify objects and people and reconstruct them in 3D
Meta Platforms Inc. today is expanding its suite of open-source Segment Anything computer vision models with the release of SAM 3 and SAM 3D, introducing enhanced object recognition and three-dimensional reconstruction capabilities. Meta says the Segment Anything 3 model, to give it its full name, enables the detection and tracking of objects in images and videos ...
Taho takes aim at Kubernetes with its high-performance compute framework for AI workloads
Distributed computing startup Taho Inc. is nothing if not ambitious, setting its sights on replacing Kubernetes as the main orchestration and scheduling layer that sits at the heart of artificial intelligence workloads after raising $3.5 million in seed capital today. The round was led by “strategic angel investors and industry insiders,” though the company, which ...
AlphaXiv raises $7M in funding to become the GitHub of AI research
Artificial intelligence research hub alphaXiv said today it has raised $7 million in seed funding to accelerate its mission of helping engineers transform the latest academic discoveries into cutting-edge AI features. The round was co-led by the venture capital powerhouse Menlo Ventures and Haystack. It also included participation from Shakti VC and Conviction Embed, plus ...
Intuit partners with OpenAI in $100M deal to integrate its finance applications with ChatGPT
Financial services software company Intuit Inc. said today it’s partnering with OpenAI to bring its applications to ChatGPT and accelerate productivity within its own organization. The multiyear deal, which is expected to generate more than $100 million in revenue for OpenAI, was described as an “end-to-end agreement” that will expose Intuit products such as TurboTax, ...