Mike Wheatley
Latest from Mike Wheatley
TikTok parent ByteDance plans to spend $7B on cloud-based GPUs this year to fuel its AI ambitions
TikTok’s parent company ByteDance Ltd. reportedly has a plan to get around tough U.S. restrictions on the export of advanced computer chips to China. The company is said to be planning to spend a whopping $7 billion on Nvidia Corp.’s most powerful graphics processing units to fuel the development of cutting edge artificial intelligence models. ...
Alibaba Cloud announces aggressive LLM price cuts in bid to dominate China’s AI market
Alibaba Cloud said Tuesday that it’s slashing the price of access to its most advanced large language models by up to 85% in a bid to generate more interest from Chinese businesses. The move was announced via WeChat and first reported by the South China Morning Post. According to that report, Alibaba Cloud’s Qwen-VL-Max model ...
Employer.com acquires troubled bookkeeping startup Bench, ending chaos for customers
Just days after shocking and angering some customers over the manner of its sudden shutdown, the accounting software startup Bench Accounting Inc. says it’s now being acquired by Employer.com Inc. The acquisition was announced in blog posts on both companies’ websites today, with Bench telling customers that their service will “continue seamlessly with the platform you’ve always ...
Mexico to launch emergency app for citizens facing deportation from US
Mexican officials say they’re developing a new emergency mobile application that’s meant to aid citizens in the U.S. who fear imminent detention by immigration authorities. The app, which was announced by Mexico Foreign Secretary Juan Ramón de la Fuente, will go live before U.S. President-elect Donald Trump moves back into the White House later this ...
US proposes tougher cybersecurity rules for healthcare organizations
Healthcare providers in the United States might be forced to beef up their cybersecurity practices in the wake of new proposals made by the U.S. Department of Health and Human Services. It proposes new measures that would require healthcare services providers to implement multifactor authentication and encryption on patient data, in order to safeguard such ...
StruxHub raises $4M to streamline construction operations management
Construction operations software startup StruxHub Inc. said today it has closed on a $4 million seed funding round led by Brick and Mortar Ventures. Others, including FJ Labs, Holcim and a host of angel investors, also participated in the raise. StruxHub has created a seamless, all in one management platform that aims to streamline the ...
Leaks reveal beefed-up specifications for Nvidia’s next-gen GB300 AI server
Details of Nvidia Corp.’s next generation artificial intelligence server, the GB300 platform, have been leaked by Chinese media, and it’s expected to deliver some big improvements in terms of memory, performance, connectivity and cooling. The world’s most valuable chipmaker is expected to announce the GB300 AI server at its annual GTC event, slated to take ...
Italian energy giant Eni cranks up world’s 5th most powerful supercomputer
Italian energy giant Eni S.p.A. has lifted the lid on one of the world’s most powerful new supercomputers, saying it will use the machine to scale up its oil and gas discovery efforts and advance its research into clean energy and decarbonization. The supercomputer, dubbed HPC6, cost more than €100 million ($104.1 million), according to ...
Chinese AI model maker Stepfun raises hundreds of millions in Series B funding
Chinese generative artificial intelligence model maker Stepfun has reportedly closed on a bumper funding round worth “several hundred million dollars” from a host of investors including state-owned private equity firms and local technology giants. The round was led by Fortera Capital, which is the private equity arm of the Shanghai state-owned group Capital Investment Co. It ...
Russia’s finance minister reveals bitcoin is being used to conduct foreign trade
Russia’s finance minister has revealed domestic companies are already using bitcoin and other digital currencies as a mechanism for international payments. The admission comes after the country issued legislative changes allowing the use of crypto to get around sanctions, Reuters reported today. The sanctions, imposed on Russia as a result of its invasion of Ukraine, ...