Mike Wheatley
Latest from Mike Wheatley
Automated accounting software startup Aiwyn raises $113M
Revenue management lifecycle automation software provider Aiwyn Inc. said today it has closed on $113 million in fresh funding. The round was led by the global investment firm KKR, which participated through its Next Generation Technology III Fund, and Bessemer Venture Partners. The round is significant, bringing the startup’s total amount raised to date to $127 ...
Accenture’s stock moves higher as generative AI demand powers strong earnings beat
Shares of the professional services company Accenture plc moved higher after it posted a strong earnings and revenue beat in its fiscal 2025 first quarter and increased its outlook for the full year. The company reported earnings before certain costs such as stock compensation of $3.59 per share, easily beating Wall Street’s target of $3.42 ...
Instagram to add video editing features powered by Meta’s Movie Gen AI model
Instagram chief Adam Mosseri has teased the imminent arrival of new generative artificial intelligence-powered video editing features for the social media application. They’ll arrive soon, allowing users to “change nearly any aspect” of their videos using simple text prompts. They’re powered by parent company Meta Platforms Inc.’s Movie Gen AI model, and will launch sometime next ...
OpenAI goes retro, making ChatGPT available over the phone
On day 10 of its Christmas holiday-themed press blitz, OpenAI announced one of the most intriguing updates yet, saying ChatGPT is now available over the telephone. It’s now possible to call ChatGPT directly, and for free, at 1-800-CHATGPT, and engage with it for up to 15 minutes per month, though standard carrier fees may apply. ...
Perplexity AI gets $500M in funding, immediately spends some of it to buy RAG startup Carbon
Perplexity AI Inc., the creator of an artificial intelligence search engine and a competitor to OpenAI, today revealed it has closed on a hefty $500 million funding round that brings its value to a cool $9 billion. The round was announced by Bloomberg, and came shortly after Perplexity confirmed it had closed on its second-ever ...
Shares of Micron tumble on weak outlook for memory chips
Micron Technology Inc.’s outlook for the current quarter came in some way short of expectations, stoking fears about the near-term dynamics of the memory chip market and sending the company’s stock way down in extended trading late today. The disappointing guidance came on the back of first-quarter financial results that were much more encouraging. The ...
Sahara AI’s new Data Services Platform allows anyone to earn money by creating datasets for AI
Sahara AI Ltd., the creator of a nascent decentralized artificial intelligence data network, today announced the launch of its new Data Services Platform, which allows everyone to contribute to the AI ecosystem by collecting, labeling, curating and refining datasets for model training. The startup, which is backed by more than $43 million in funding, is ...
OpenAI makes the full version of its o1 reasoning model available, but only to some developers
OpenAI said today it’s making the full version of its o1 reasoning model available to its most committed developer customers. Today’s announcement came on the ninth day of its holiday-themed press blitz, known as “12 Days of OpenAI,” where the company said it’s rolling out access to the full o1 model for developers in the “Tier 5” ...
Nuon raises $16.5M to transform software-as-a-service deployment
Nuon Inc. said today it has raised $16.5 million in funding to coincide with the launch of an early access version of its novel Bring Your Own Cloud platform for third-party software providers. Today’s round was led by M12 and saw participation from a host of other prominent backers, including Uncork Capital, Redpoint Ventures, Alumni ...
Google expands Code Assist with support for third-party data sources
Google LLC is updating its Code Assist tools that are designed to help increase developed productivity from within integrated development environments such as JetBrains and Visual Studio Code. In a blog post, Google Director of Product Management Ryan Salva and Group Product Manager Prithpal Bhogill said Code Assist will now be powered by Gemini 2.0, ...