Mike Wheatley
Latest from Mike Wheatley
Progress Software pleases investors as it beats expectations and raises its full-year guidance
Things are looking up for Progress Software Corp. after it posted a solid earnings and revenue beat and raised its full-year outlook, sending its stock higher in extended trading. The company delivered first-quarter earnings before certain costs such as stock compensation of $1.31 per share, easily beating the analysts’ consensus estimate of $1.06. Revenue for ...
OpenAI to launch its first ‘open-weights’ model since 2019
OpenAI is looking to experiment with a more “open” strategy, detailing its plans to release its first “open-weights” model to the developer community later this year. The company has created a feedback form for developers on its website to provide input into the makeup of the new model, which is still under development. It’s asking ...
Lightmatter turbocharges GPU connectivity with its first photonics-based networking interconnects
The silicon photonics pioneer Lightmatter Inc. says it’s ready to spearhead a revolution in data center connectivity with the coming launch of its first 3D co-packaged optics product, Passage L200. The Passage L200, which will be available in 32 terabyte and 64TB flavors, is designed to integrate with the latest graphics processing units and networking ...
OpenAI bags $40B in funding, increasing its post-money valuation to $300B
OpenAI has closed on one of the largest-ever funding rounds for a private company, raising $40 billion at a $300 billion post-money valuation. The bumper funding round was led by SoftBank Group Corp. and saw participation from existing backers of OpenAI, including Microsoft Corp., Coatue Management, Thrive Capital and Altimeter Capital. The $300 billion valuation ...
AWS brings its generative AI assistant to the Amazon OpenSearch Service
Amazon Web Services Inc.’s artificial intelligence-powered assistant Amazon Q Developer is being made available in the popular Amazon OpenSearch Service, providing users with the AI smarts they need to investigate and visualize the operational data of hundreds of applications. In a blog post today, AWS Senior Solutions Architect Esra Kayabali said Amazon Q Developer will enhance ...
Sourcetable gets $4.3M in funding to help everyone become a spreadsheet power user
Sourcetable Inc. wants to democratize data analysis for every office worker with the launch of what it says is the first artificial intelligence-powered spreadsheet. Today’s launch comes as the startup revealed today it has secured $4.3 million in funding to transform the way officer workers get work done. The round was led by Bee Partners ...
CoreWeave prices IPO lower than expected, and its stock still sags on its debut before recovering
Updated Friday with market reaction: Shares of CoreWeave Inc. fell more than 5% in their stock market debut Friday morning despite the company downsizing its offer and stock price late Thursday, but by the close it had recouped losses to close 2.5% over the initial trade of $39 a share. Investors had been closely watching CoreWeave Inc.’s initial public ...
Akamai distributes AI inference across the globe, promising lower latency and higher throughput
Akamai Technologies Inc. is expanding its developer-focused cloud infrastructure platform with the launch of Akamai Cloud Inference, a highly distributed foundation for running large language models closer to their real-world users. The new service is built atop Akamai Cloud, which Akamai claims is the world’s most distributed cloud infrastructure platform, allowing it to overcome the ...
ConfigHub raises $4M to bring order to chaotic mass of configuration files
Three renowned cloud innovators are joining forces to create a new startup that’s taking on the extremely daunting challenge of modernizing the labyrinth of configuration data underpinning today’s software-defined world. The company is called ConfigHub Inc., and it has just launched with $4 million in pre-seed funding from Crane Venture Partners, Pear VC and Encoded ...
Red Hat streamlines data access for AI application training and inference
The open-source software giant Red Hat Inc. is strengthening the case for its platforms to become the foundation of enterprises’ artificial intelligence systems with a host of new features announced today aimed at accelerating development and deployment. The updates to the “Red Hat AI” suite that launched in September are meant to improve the efficiency of ...
