Mike Wheatley
Latest from Mike Wheatley
Box barely beats the Street’s expectations and nervous investors back away
Shares of the cloud content management firm Box Inc. headed lower in extended trading today after it barely scraped past Wall Street’s earnings and revenue targets in its first quarter. The company reported adjusted earnings of 37 cents per share, coming in just ahead of the analyst consensus estimate of 36 cents. Meanwhile, revenue for the ...
Exclusive: Canyon Code closes on $5M pre-seed round to bring visibility to agentic application workflows
Agentic artificial intelligence startup Canyon Code stepped out of the shadows today after closing on a $5 million pre-seed funding round. Its mission is to give enterprises the granular controls required to successfully manage and optimize a new generation of “multi-agent” intelligent applications. Cota Capital led the round, with participation from Newbuild Ventures and Blackhorn ...
China’s Huawei unveils new sanctions-busting chip architecture that replaces Moore’s Law
Chinese electronics giant Huawei Technologies Co. Ltd. today unveiled a new chip design framework that it says will help it to close the gap in the semiconductor industry with global leaders like Taiwan Semiconductor Manufacturing Co. and Nvidia Corp. The company also announced a new “Tau Scaling Law” as a replacement for Moore’s Law in ...
California to explore possible subsidies for companies that don’t replace workers with AI
California is trying to prepare itself for artificial intelligence job disruption ahead of time. Governor Gavin Newsom today ordered state officials to begin exploring a massive overhaul of its labor policies in an effort to stave off the prospect of mass unemployment from AI. The executive order, the first of its kind signed by any U.S. ...
Serverless AI infrastructure startup Modal Labs seals $355M funding round
Artificial intelligence startups are facing two massive headaches: There’s too much AI-generated code to deal with, and not nearly enough computing power to run it all on. Modal Labs Inc., which has just raised $355 million in a new funding round, believes it can kill both birds with one stone. The New York City-based startup ...
Strong demand for agentic AI offerings helps Workday beat expectations and boost its stock
Shares of the financial services and human resources software company Workday Inc. rose more than 10% in late trading after it reported first-quarter earnings and revenue that came in higher than expected, and also bumped up its full-year margin forecast, increasing optimism over its future profitability. The company reported earnings before certain costs such as ...
AI code quality startup Sonar buys AI code review startup Gitar
Automated code quality and security heavyweight SonarSource Sàrl said today it’s buying a rival startup called Gitar Inc. that specializes in artificial intelligence-native code reviews. According to Sonar, the plan is to integrate Gitar’s advanced reasoning capabilities into its broader code verification engine. This will provide DevOps teams that are increasingly relying on autonomous AI ...
Intuit cuts 17% of its staff to focus on AI but refuses to blame AI
The financial services software company Intuit Inc., known for platforms that include Credit Karma, QuickBooks and TurboTax, said today it’s letting go 17% of its workforce, or about 3,000 people. The cuts, announced as the company delivered its latest financial results, will allow it to divert more resources towards the artificial intelligence innovations increasingly powering ...
Nvidia almost doubles its data center revenue as it powers to another solid earnings beat
Chipmaker Nvidia Corp., the world’s most valuable company, crushed earnings expectations once again today, benefiting from massive demand for high-end artificial intelligence chips. The company reported first-quarter adjusted earnings of $1.87 per share, well ahead of the analyst target of $1.76 per share. Revenue for the period jumped 85% from a year ago, to $81.62 ...
NanoCo raises $12M to accelerate NanoClaw, a secure, enterprise-grade agentic AI assistant for every office worker
NanoCo, the startup behind NanoClaw, a fast-growing open-source artificial intelligent agent that’s secure by design, said today it has raised $12 million in seed funding. The oversubscribed round was led by Valley Capital Partners and saw participation from a host of others, including Vercel, Monday.com, Slow Ventures, Clutch Capital, Factorial Capital and Clem Delangue, the ...