Mike Wheatley
Latest from Mike Wheatley
AMD’s earnings fall short from China chip ban despite good traction in AI
Advanced Micro Devices Inc.’s stock headed lower in extended trading today after it delivered mixed financial results, with earnings coming up short of Wall Street’s targets. The chipmaker reported second-quarter earnings before certain costs such as stock compensation of 48 cents per share, falling just shy of the Street’s forecast of a profit of 49 cents ...
HPE launches offerings at Black Hat to strengthen network security, data protection and cyber resiliency
Artificial intelligence was on the menu once again at Black Hat USA today, as Hewlett Packard Enterprise Co. rolled out a new, AI-powered copilot for its Aruba Networking platform that’s designed to strengthen cybersecurity, resiliency and compliance. The Secure Access Service Edge copilot was joined by the launch of a new data protection system for ...
Next-generation supply chain intelligence startup Lyric gets $43.5M in funding
Supply chain intelligence startup Lyric is ready to expand after closing on a $43.5 million Series B round of funding today. The round was led by Insight Partners, one of the world’s most prominent software startup investors, and saw participation from others including Primary Venture Partners, Permanent Capital Ventures, VMG Partners, PSP Growth and NewBuild ...
Qbeast gets $7.6M in funding to streamline data lakehouses queries with multidimensional indexing
Data optimization startup Qbeast Analytics Inc. says it’s going to help organizations eliminate the “hidden tax” of big data lakehouse frameworks like Delta Lake after raising $7.6 million in seed funding today. The round was led by Peak XV’s Surge, formerly known as Sequoia Capital India. Other investors were HWK Tech Investment and Elaia Partners. ...
Kyndryl’s stock sinks on revenue miss and lower guidance
Shares of the technology consultancy Kyndryl Holdings Inc. were battered and bruised today after it failed to meet Wall Street’s first-quarter revenue projections. It also offered underwhelming guidance for current quarter sales, and that helped push its stock down more than 13% in extended trading. The company reported earnings before certain costs such as stock ...
Google’s Kaggle to host AI chess tournament to evaluate leading AI models’ reasoning skills
The world’s top performing artificial intelligence models, including OpenAI’s o3 and 04-mini, Google LLC’s Gemini 2.5 Pro and Gemini 2.5 Flash, Anthropic’s Claude Opus 4, and xAI Corp.’s Grok 4 are set to go head-to-head on the chess board. The three-day AI chess battle is the first in a series of tournaments set to be ...
SAP buys AI-enabled hiring platform SmartRecruiters
European software giant SAP SE said late Friday it’s planning to buy the San Francisco-based human resources startup SmartRecruiters Inc. for an undisclosed fee, with the deal expected to close by the end of the fourth quarter. SmartRecruiters sells software that helps to automate high-volume recruiting, and it primarily operates in the U.S., which happens ...
Apple’s revenue growth hits four-year high as iPhone sales soar
Shares of iPhone maker Apple Inc. inched up slightly after-hours on the back of another solid set of financial results, with the company reported earnings and revenue that shot past Wall Street’s estimates. Apple’s revenue grew by 10%, driven by a 13% increase in iPhone sales, making it the largest quarter for revenue growth since ...
Gloomy guidance and increased cloud competition weigh on Amazon’s stock, despite solid earnings beat
Shares of Amazon.com Inc. were trading more than 6% lower after-hours today, after the e-commerce and cloud computing infrastructure giant could only offer light guidance for the current quarter. The decline came in the wake of some fairly decent numbers from Amazon as it posted its second-quarter financial results, beating Wall Street’s targets on earnings ...
Amazon DocumentDB goes serverless with automatic scaling to support agentic AI workloads
Amazon Web Services Inc. is adding to its serverless database offerings with the launch of Amazon DocumentDB Serverless. Launched in general availability today, Amazon DocumentDB Serverless is a fully managed database service that’s designed specifically for storing, querying and indexing document data structures. Because it’s serverless, it can adjust its capacity automatically, based on the ...