Mike Wheatley
Latest from Mike Wheatley
Facebook and Instagram parent company Meta Platforms Inc. delighted investors today as it crushed analysts’ targets on earnings and revenue, sending its stock higher in extended trading. The company reported first-quarter earnings before certain costs such as stock compensation of $6.43 per …
Microsoft delivers impressive earnings beat, showing strength in AI and cloud
Microsoft Corp.’s stock gained more than 7% in late trading today after it beat expectations in its latest financial results thanks to strong growth in the cloud, and followed up with encouraging guidance for the current quarter. The company reported third-quarter earnings …
Distributed app platform Akka targets agentic AI with flexible deployment options
Distributed application platform provider Akka said today it’s launching two new deployment options for developers looking for more versatile ways to deploy agent artificial intelligence applications at large scale. The company, which rebranded last year as Akka but is still officially known …
Satya Nadella says AI is now writing 30% of Microsoft’s code but real change is still many years away
Marc Andreessen famously said that software is eating the world, but now it seems that software itself is on the menu, with artificial intelligence taking a huge bite into the business of creating it. According to Microsoft Corp. Chief Executive Satya Nadella, …
Samsung beats profit and revenue targets thanks to strong AI smartphone sales
Samsung Electronics Co. Ltd. posted a stronger-than-expected first-quarter profit today, with weakness in its core memory chip business offset by strong sales of its newest flagship smartphones. The company, which is the world’s largest maker of memory chips and the second-largest supplier …
Supermicro’s stock plunges on weak preliminary guidance
Super Micro Computer Inc. has found itself in more hot water today after issuing preliminary guidance for its third-quarter earnings and revenue that came in far below Wall Street’s expectations. Its stock tanked after it blamed some customers for delaying orders of …
Alibaba claims leadership in AI reasoning with latest Qwen3 models
Chinese technology giant Alibaba Group Holding Ltd. has announced Qwen3, a new family of artificial intelligence models that it says can outperform competing models from companies such as OpenAI and Google LLC. The new release underscores the rapid pace of development within …
ChatGPT goes after Google in online shopping
OpenAI is going after Google LLC with a series of updates to ChatGPT’s search capabilities, including a new shopping experience that offers product recommendations and click to buy links. The new shopping features announced in ChatGPT today will enable users to search …
NXP’s stock slumps as CEO Kurt Sievers reveals he’ll retire later this year
Shares of the computer chipmaker NXP Semiconductors N.V. fell more than 7% in extended trading today after it reported lower profitability on declining revenue and revealed its longtime Chief Executive Officer Kurt Sievers will step down at the end of the year. …
NetFoundry raises $12M to bring secure, zero-trust networking to cloud applications
The zero-trust networking startup NetFoundry Inc. said today it has received its first cash injection from venture capitalists, raising $12 million in funding. SYN Ventures was the sole participant in the round, and the cash will be used to help support the …