Mike Wheatley
Latest from Mike Wheatley
Agentic engineering startup JuliaHub lands $65M to automate design and testing of industrial products
JuliaHub Inc., an “agentic” industrial engineering startup that’s trying to automate complex manufacturing processes with artificial intelligence, said today it has raised $65 million in a Series B funding. Today’s round was led by Dorilton Capital and saw the participation of General Catalyst, AE Ventures and the technology industry luminary Bob Muglia, the former chief ...
Western Digital and Sandisk crush Wall Street forecasts on soaring AI demand, but stocks fall
Western Digital Corp. and Sandisk Corp. delivered stellar earnings and revenue beats thanks to the skyrocketing price of memory chips and other compute infrastructure amid a global supply crunch. Both companies crushed Wall Street’s expectations as the artificial intelligence boom continues to gobble up memory as fast as they can make it. Western Digital reported ...
Apple beats estimates on strong iPhone sales as CEO transition looms large
IPhone maker Apple Inc. beat expectations on its second-quarter earnings and sales before offering a better-than-expected sales forecast for the current period, sending its stock higher in late trading. The company reported earnings before certain costs such as stock compensation of $2.01 per share, beating the analyst consensus estimate of $1.95 per share. Revenue for ...
Microsoft beats expectations but its guidance comes up light, disappointing investors
Microsoft Corp. surpassed expectations for its third-quarter financial results today, but its stock moved sideways in the after-hours trading session after it told investors it’s going to bump up its capital expenditures to $190 billion this year. The company reported earnings before certain costs such as stock compensation of $4.27 per share, easily beating the ...
Alphabet’s stock climbs as Google Cloud revenue runs rampant, growing 63%
Google LLC’s parent company Alphabet Inc. delivered a stunning earnings beat as it reported its first-quarter financial results today, with sales also surpassing expectations thanks to rampant growth in its cloud infrastructure business. The company reported earnings before certain costs such as stock compensation of $5.11 per share, almost double the $2.63-per-share analyst target. Revenue ...
Amazon cruises to another solid earnings and revenue beat
Shares of Amazon.com Inc. edged higher in late trading today after the company reported better-than-expected first-quarter earnings and revenue, as cloud computing sales topped analysts’ expectations. The company reported adjusted earnings of $2.78 per share, crushing Wall Street’s forecast of just $1.64 per share, while revenue for the period increased 17% from a year earlier, ...
Parag Agrawal’s startup raises $100M to build a parallel web for AI agents
Former Twitter Inc. Chief Executive Parag Agrawal has raised $100 million to fund his new startup Parallel Web Systems Inc., which is focused on enabling artificial intelligence agents to search the web more efficiently. Sequoia Capital led today’s Series B round and was joined by existing investors Kleiner Perkins, Index Ventures and Khosla Ventures, bringing ...
Elon Musk accuses OpenAI CEO Sam Altman of trying to ‘steal’ a charity
Billionaire technology entrepreneur Elon Musk took the stand today in a landmark trial that pits him against OpenAI Group PBC Chief Executive Sam Altman, with the outcome set to have a major impact on the future of artificial intelligence. “Fundamentally I think they’re going to try to make this lawsuit seem complicated,” Musk said as ...
Strong momentum across all markets helps NXP’s profit surge
Dutch chipmaker NXP Semiconductors N.V. more than doubled its total profit as it saw strong growth across all four of its major business segments in the first quarter. The company today reported earnings before certain costs such as stock compensation of $3.05 per share, surpassing Wall Street’s forecast of $2.98 per share. Revenue for the ...
AWS accelerates enterprise agentic automation with expanded Amazon Connect portfolio
Amazon Web Services Inc. is moving agentic artificial intelligence up the software stack with the launch today of an expanded Amazon Connect portfolio, which has evolved into four distinct offerings that aim to automate complex, industry-specific workflows. The expansion effectively rebrands the original Amazon Connect cloud contact center service into Amazon Connect Customer AI, while ...