Mike Wheatley
Latest from Mike Wheatley
Samsung and Nvidia to build an AI Megafactory to transform semiconductor manufacturing
Samsung Electronics Co. Ltd. said today it’s partnering with Nvidia Corp. to build an “AI Megafactory” that will accelerate its semiconductor manufacturing operations. The company said it will deploy more than 50,000 of Nvidia’s most advanced graphics processing units in the new facility to embed artificial intelligence throughout its entire chip manufacturing flow. It’s also ...
Apple’s iPhone revenue misses expectations, but CEO Tim Cook promises an immediate turnaround
Apple Inc. delivered strong fiscal fourth-quarter financial results today as it closed out its fiscal 2025 year, but its stock gained only 2% after-hours after iPhone sales fell short of Wall Street’s expectations. The world’s most valuable device maker posted earnings before certain costs such as stock compensation of $1.85 per share on revenue of ...
Amazon’s stock jumps as AWS cloud growth accelerates
Shares of Amazon.com Inc. jumped more than 12% in extended trading today after it posted earnings and revenue that easily beat analysts’ expectations, driven by the strongest growth in years in its cloud computing business. The company reported earnings before certain costs such as stock compensation of $1.95 per share, crushing Wall Street’s target of just ...
Startup xMEMS gets $21M to bring advanced thermal management to AI-powered gadgets
A startup called xMEMS Labs Inc. says it will enable a new generation of smaller, better performing artificial intelligence-powered consumer devices after raising $21 million in a late-stage round to commercialize its novel fan-on-chip thermal management technology. The Series D round was led by Boardman Bay Capital Management and saw participation from a host of other ...
Meta’s stock slides on AI bubble fears, as Zuckerberg calls for increased spending
Meta Platforms Inc.’s plans to increase spending on artificial intelligence infrastructure made investors jittery today, and its stock fell more than 6% in extended trading, despite the social network posting solid earnings and revenue beats. In its third-quarter results, the company reported earnings before certain costs such as stock compensation of $7.25 per share, crushing ...
Microsoft’s stock falls on AI spending concerns and lack of clarity about OpenAI
Microsoft Corp. beat expectations again for its latest quarterly results, helped by a 40% increase in its Azure cloud business — but its stock fell almost 4% in late-trading after it revealed the scale of its investment in OpenAI and told analysts it will hike its capital expenditures again this fiscal year. The company reported fiscal ...
Rampant cloud growth propels Alphabet to $100B quarterly revenue milestone
Google LLC’s parent company Alphabet Inc. crushed Wall Street’s expectations as it delivered more than $100 billion in quarterly revenue for the first time ever, sending its stock higher in extended trading. The company reported third-quarter earnings before certain costs such as stock compensation of $3.10 per share, easily beating the analyst consensus estimate of ...
Substrate raises $100M to do the impossible and reinvent the chipmaking industry
An extremely ambitious startup called Substrate Inc. said today it has raised an initial $100 million to fund its mission to disrupt the global semiconductor industry and reinvent chipmaking. The company is being backed by high-profile investors including Peter Thiel’s Founders Fund, General Catalyst, Allen & Co, Long Journey Ventures, Valor Equity Partners and In-Q-Tel, ...
Fireworks AI raises $250M at $4B valuation to help enterprises with AI inference workloads
Artificial intelligence inference startup Fireworks AI Inc. said today it has raised $250 million in a Series C funding round that brings its valuation to $4 billion. Lightspeed Venture Partners, Index Ventures and Evantic led the round, and existing backer Sequoia Capital was among the participants, as were Nvidia Corp., Advanced Micro Devices Inc. and ...
GitHub tackles vibe coding chaos with a control center for AI coding agents
Microsoft Corp.’s GitHub unit is trying to get a grip on the growing mass of uncoordinated artificial intelligence coding agents, launching a new control center known as the Agent HQ. It’s meant to serve as a kind of “mission control”, where software developers can manage multiple third-party coding agents in one place. These coding agents ...