Mike Wheatley
Latest from Mike Wheatley
MongoDB crushes Wall Street’s targets and boosts annual forecast but stock sags
MongoDB Inc. smashed Wall Street’s earnings and revenue targets out of the park and raised its full-year outlook, but the solid performance failed to excite investors, and its stock sagged 2% after-hours. The database company reported third-quarter earnings minus onetime items of $1.16 per share, cruising past the Street’s target of 67 cents. Meanwhile, its ...
Oracle’s rampant cloud growth wasn’t enough for Wall Street, and its stock slides after-hours
Oracle Corp.’s impressive rate of cloud revenue growth wasn’t enough to offset declines elsewhere in its business, and its stock headed lower in late trading after the company missed Wall Street’s earnings and sales targets. The database company reported fiscal 2205 second-quarter earnings before certain costs such as stock compensation of $1.47 per share, falling ...
GitLab co-founder and CEO Sid Sijbrandij steps down, Bill Staples named as his replacement
DevOps company GitLab Inc. today said Chief Executive Officer Sid Sijbrandij is stepping down from his role with immediate effect, replaced by technology industry veteran Bill Staples. Sijbrandij (pictured), who revealed six months ago that he’s undergoing treatment for cancer, is stepping down so he can focus on his health, the company said. The revelation ...
Shares of UiPath sink despite solid earnings and revenue beat
Business automation software company UiPath Inc. delivered third-quarter earnings and revenue that beat analysts’ expectations, but its stock was heading south in the extended trading session after it offered lukewarm guidance for the current quarter. The company reported earnings before certain costs such as stock compensation of 11 cents per share, coming in ahead of ...
Rising AI server demand drives another strong earnings and revenue beat for HPE
Hewlett Packard Enterprise Co. delivered solid fourth-quarter financial results today, beating Wall Street’s expectations on both earnings and revenue, and investors responded Friday by bidding the stock up almost 10% despite tepid guidance. The company reported earnings before certain costs such as stock compensation of 58 cents per share, up 12% from one year earlier ...
Nvidia and AWS team up to accelerate AI deployments in the cloud
Nvidia Corp. is doubling down on its partnership with Amazon Web Services Inc. to expand what’s possible in the realms of artificial intelligence, robotics and quantum computing development. The two companies took to the stage during Amazon’s annual customer conference, AWS re:Invent this week, where they made a host of announcements regarding their ongoing collaboration. ...
Google DeepMind’s latest AI models: super-accurate weather forecasting and playable 3D worlds
Google LLC’s artificial intelligence research organization DeepMind today announced the release of two very different but exceedingly powerful large language models. One of them, GenCast, is focused on weather forecasts, and the other, called Genie 2, is designed to create elaborate, visually striking virtual worlds for video games. GenCast appears to have the most practical ...
Amazon Bedrock’s new marketplace kicks off with more than 100 AI models
Amazon Web Services Inc. is making more large language models accessible to artificial intelligence application developers through the Amazon Bedrock service, while beefing up that platform’s capabilities to optimize inference workloads and feed them with the data they need. The latest announcements today at the company’s annual extravaganza, AWS re:Invent include the launch of the new ...
Poolside brings its powerful generative AI coding models to Amazon
Artificial intelligence unicorn Poolside Inc. today announced it’s collaborating with the public cloud infrastructure giant Amazon Web Services Inc., making its foundational models and generative AI assistants available through the Amazon Bedrock service. The move, announced at AWS re:Invent 2024, will enable customers to access Poolside’s foundation models privately and securely to create their own, ...
Amazon SageMaker HyperPod cooks up recipes and flexible training plans to accelerate AI development
Amazon Web Services Inc. isn’t stopping at transforming Amazon SageMaker into a unified platform for artificial intelligence development tools. It’s equally determined to make it easier for builders to access the underlying infrastructure needed to train their next-generation AI models. Today at AWS re:Invent 2024, the company announced some key updates to Amazon SageMaker HyperPod. The ...