Mike Wheatley
Latest from Mike Wheatley
Nvidia faces $5.5B sales hit from new constraints on H20 chip exports to China
Chipmaker Nvidia Corp. has been hit by new U.S. restrictions targeting the export of its specialized H20 graphics processing units to China. The policy change, implemented this week, will cost the company billions of dollars as it renders a product line designed to comply with earlier curbs on China essentially useless. In a regulatory filing ...
Deepgram’s Aura-2 is a high-performance text-to-speech engine built for business interactions
The speech recognition-focused startup Deepgram Inc. today launched a new text-to-speech model called Aura-2, saying it will be a game-changer for real-time voice applications. According to the startup, Aura-2 is built for clarity, consistency and low-latency performance, enabling much smoother, more fluid and natural conversations between humans and artificial intelligence-powered chatbots. It can be used in ...
TheStage AI steps into the limelight after raising $4.5M to automate model fine-tuning
TheStage AI Inc., a startup that’s optimizing artificial intelligence to run better at lower costs, has just announced a $4.5 million funding. Today’s round was led by Mehreen Malik, the founder of ML Capital Investment, and saw participation from other angel investors, including Dominic Williams, founder of the DFINITY Foundation. DVC, Atlantic Labs and AAL ...
Tapcheck taps investors for $225M to help employees get paid before payday
Earned wage access startup Tapcheck Inc. said today it’s looking to expand on-demand pay access to millions of new workers after raising $225 million in funding. The money comes from a $25 million Series A extension round led by existing investor PeakSpan Capital, plus a $200 million credit facility provided by Victory Park Capital. Tapcheck, ...
Tech industry braces for fresh tariffs as Trump insists nobody is ‘getting off the hook’
Just when the technology industry thought it was safe from U.S. President Donald Trump’s trade tariffs, the White House has done a U-turn, walking back an exemption announced on select electronics late Friday. Commerce Secretary Howard Lutnick said Sunday that the decision to exempt a range of electronic devices from the tariffs introduced earlier this ...
Silicon photonics startup nEye raises $58M to light up AI data centers
Optical networking chip startup nEye Systems Inc. wants to become the nerve center for artificial intelligence data centers after closing on $58 million in funding from a host of big tech heavyweights. Today’s Series B round was led by CapitalG, a growth-stage fund backed by Google LLC’s parent company Alphabet Inc., and saw participation from ...
Amazon’s Andy Jassy reiterates the need to spend billions on building out AI infrastructure
Amazon.com Inc. Chief Executive Andy Jassy doubled down on the need for his company to invest heavily in artificial intelligence infrastructure, saying it must spend billions of dollars now to be able to participate in a “once-in-a-lifetime reinvention of everything we know.” The comments from Jassy (pictured) came in his annual letter to shareholders, where ...
Fern gets $9M in funding to automate the creation and maintenance of software development kits
A startup called Fern is on a mission to simplify the maintenance of software development kits and their associated documentation after raising $9 million in an early-stage round of funding today. The Series A round was led by high profile investors Bessemer Venture Partners and Y Combinator, bringing Fern’s total amount raised to date to ...
Observability startup Groundcover bags $35M in new funding to take on Datadog
Application observability startup Groundcover Ltd. wants to muscle in on an industry dominated by the likes of Datadog Inc. and New Relic Inc. after getting $35 million in fresh funding. Today’s Series B round was led by Zeev Ventures and saw participation from investors including Heavybit, Jibe Venture and Angular Ventures, bringing the company’s total ...
Snowflake to begin military service after obtaining Department of Defense IL5 authorization
Snowflake Inc. says it’s ready to begin its military service after achieving a key authorization that certifies its cloud data warehouse technologies are suitable for storing sensitive, but not classified, information. The company said today it has achieved Department of Defense Impact Level 5 Provisional Authorization on AWS GovCloud US-West. It’s an essential designation that ...
