Mike Wheatley
Latest from Mike Wheatley
Classiq Technologies Ltd., a startup building the software needed to write algorithms for quantum computers, said today it has raised $110 million in a Series C funding round. Today’s round is said to be the largest ever for a quantum software company. …
OpenAI and Microsoft engage in tense negotiations over the future of their partnership
Once the best of friends, OpenAI and its most important financial backer Microsoft Corp. are now involved in tough negotiations over the future of their partnership. The talks are aimed at redefining the nature of their strategic alliance as the ChatGPT maker …
Rackspace’s operational turnaround accelerates, despite more revenue declines
Rackspace Technology Inc. posted its third straight quarterly loss and saw revenue decline in both of its major business segments, but it still delivered a considerable boost to its bottom line in its first-quarter results, and its stock moved higher after-hours. The …
Valarian raises $7M to isolate and compartmentalize mission-critical computing environments
Secure infrastructure startup Valarian Technologies Ltd. said today it has raised $7 million in strategic funding as it bids to reinvent security for enterprises and government agencies that cannot tolerate any risk. The round, which brings Valarian’s total amount raised to date …
Anthropic jumps into internet search, increasing pressure on Google
The generative artificial intelligence startup Anthropic PBC is joining rivals such as OpenAI and Perplexity AI Inc. in an effort to overhaul the internet search industry. Today it announced the launch of a new application programming interface that enables its flagship Claude …
Big-data company Informatica’s stock falls on mixed results and soft guidance
Investors bailed on the big-data management company Informatica LLC today after it posted mixed financial results and offered guidance for the current quarter that came up short of expectations. The company delivered first-quarter earnings before certain costs such as stock compensation of …
Arm tops $1B quarterly sales milestone, but its stock falls on soft guidance
Shares of the U.K.-based chip designer Arm Holdings Plc were heading south in late trading today after it offered a forecast for the current quarter that came in below analysts’ expectations. The lower guidance followed some strong numbers from the company’s fourth-quarter …
Neo4j goes serverless, bringing graph analytics to any data source
Neo4j Inc. today announced a new serverless offering that dramatically simplifies the deployment of its graph database offering, making it easier to use with artificial intelligence applications. Most critically, it works with any data source, and there’s no need to fiddle around …
Arista Networks beats expectations in its latest results, but stock moves lower
Updated with corrected guidance and related changes (details below): Networking company Arista Networks Inc. delivered strong earning results today, but its stock fell after it warned that both its gross margin and operating margin are set to decline on a sequential basis. …
RelevanceAI and Stack AI get millions in funding to bring AI agents into the workforce
Agentic artificial intelligence is still in vogue for Silicon Valley’s venture capitalists, with Relevance AI and Stack AI joining the latest hot startups to attract millions of dollars in funding. The two companies are among a host of startups looking to help …