Mike Wheatley
Latest from Mike Wheatley
Web data scraping infrastructure startup Oxylabs reels in $130M in its first funding round
Data scraping startup Oxylabs UAB has broken into unicorn territory after raising $130 million in funding from the private equity firm Warburg Pincus LLC. The round is the first time the bootstrapped company has ever sought outside funding, and lifts its valuation to a cool $3.6 billion, it said today. The Lithuanian startup provides artificial ...
Shares of memory chip giant SK hynix rise after it bags $26.5B in blockbuster US listing
Updated with Friday trading: Shares of South Korean memory chipmaker SK hynix Inc. opened at 14% over their initial asking price Friday, a day after it priced its American Depository Receipts at $149, raising about $26.5 billion. Shares opened at $170 as they debuted Friday morning, and closed just below that, at $168.01. The decision to ...
OpenAI debuts ChatGPT Work, an agentic tool for automating business workflows
OpenAI Group PBC today launched a new “agentic” tool called ChatGPT Work as it announced the global rollout of its most advanced model family so far in GPT-5.6. ChatGPT Work is a new mode within ChatGPT that’s designed to perform actions autonomously across user’s connected applications, files, web tools, desktops and recurring workflows. It’s meant ...
Meta reportedly testing prototype AI specs that record everything the user sees and hears
Meta Platforms Inc. this week sought to reassure consumers about the privacy safeguards of its controversial artificial intelligence-enabled glasses, yet at the same time it’s reportedly pushing even creepier capabilities in its “internal prototypes.” The company’s AI-powered eyewear has a growing reputation as a creepy technology, but in a blog post Tuesday the company announced ...
Blue Origin seeks to raise $10B from external investors in first VC-led funding round
Jeff Bezos’s rocket company Blue Origin Enterprises LP is reportedly looking to raise money from outside investors for the first time in more than two decades. The company is in talks to secure $10 billion from venture capitalists in a round that would value it at more than $130 billion, according to a report by ...
SpaceXAI’s newest AI model Grok 4.5 dramatically undercuts Anthropic and OpenAI on price
Elon Musk’s SpaceXAI Corp. has released a new model called Grok 4.5, in what is its first major launch since it went public a few weeks earlier. In a blog post earlier today, the company said Grok 4.5 is designed to be a workhorse that can tackle all of the usual tasks that the artificial ...
Apple promises to buy $30B worth of US-made chips from Broadcom
Apple Inc. said today it has penciled in a new multiyear deal with Broadcom Inc. that’s expected to be worth more than $30 billion, in what is the iPhone maker’s largest commitment to U.S. manufacturing so far. The deal, announced this morning, will see more than 15 billion chips manufactured on U.S. soil, and will ...
With $25M in funding, Alta AI aims to accelerate go-to-market automation
Agentic go-to-market automation startup Alta AI Inc. said today it has raised $25 million in an early-stage round of funding as it tries to accelerate its mission to enhance customer acquisition for enterprises. The Series A round follows a period of explosive growth for the company, which now wants to sustain that momentum by scaling ...
Microsoft is reportedly ditching OpenAI’s and Anthropic’s AI models in favor of its own to cut costs
Microsoft Corp. is reportedly transitioning away from using OpenAI Group PBC’s and Anthropic PBC’s most advanced artificial intelligence models in favor of its own — increasingly leaning on the new Microsoft AI or MAI model family, despite publicly asserting that those models aren’t as sophisticated as other leading frontier AI systems. That’s according to a ...
Report: China’s DeepSeek follows OpenAI in developing its own custom inference chips
DeepSeek Ltd., one of China’s most visible artificial intelligence companies, is pushing to design its own, in-house silicon aimed at inference workloads, according to a report by Reuters today. The report cites three people familiar with the company’s plans as saying that it has been exploring the concept of developing its own AI accelerators for ...