Mike Wheatley
Latest from Mike Wheatley
Texas Instruments’ stock rises on analog chip demand boost
Texas Instruments Inc. guided for first-quarter earnings and revenue above Wall Street’s expectations today. The forecast signals reinvigorated demand for its analog processors following a prolonged market slump, and its sent its stock higher in late trading. The forecast was so positive that investors were willing to overlook disappointing fourth-quarter results, with the chipmaker missing ...
Chilean community draws on human intelligence to highlight AI’s excessive thirst for water
A small community in one of Chile’s most water-stressed regions is trying to draw attention to the enormous water footprint of artificial intelligence chatbots. To do so, it has come up with the novel idea of replacing AI with “human intelligence” for 24 hours. Residents of the community of Quilicura, a small commune located just ...
Nvidia buys $2B worth of CoreWeave’s stock to accelerate AI factory buildout
Nvidia Corp. said today it’s investing an additional $2 billion into the cloud infrastructure company CoreWeave Inc., which operates enormous data centers packed full of graphics processing units. The companies said the money will help to fund the development of new artificial intelligence factories based on Nvidia’s technology. The AI factories, which will be operated ...
Microsoft’s next-gen Maia 200 chip promises massive performance boost for AI workloads
Microsoft Corp. today unveiled the second generation of its custom artificial intelligence processor in Maia 200, boldly claiming that it’s the most powerful chip offered by any public cloud infrastructure provider so far. The company said Maia 200 offers three times the compute performance of Amazon Web Services Inc.’s most advanced Trainium processor on certain ...
Salesforce tries to keep a lid on ‘agentic sprawl’ through MuleSoft Agent Fabric
Salesforce Inc. is attempting to tackle the growing challenge of artificial intelligence “agent sprawl” through the latest expansion of MuleSoft Agent Fabric, aiming to rein in the unchecked proliferation of autonomous systems operating across enterprises with limited oversight. While some organizations have yet to deploy AI agents in any meaningful way, Salesforce says there are ...
Intelligent cloud infrastructure startup Railway gets $100M to simplify application deployment
Railway Corp. says it’s going to make software deployment easier for thousands of developers after closing on $100 million in Series B funding today. The round was led by TQ Ventures and saw the participation of FPV Ventures, Redpoint and Unusual Ventures, in support of Railway’s mission to make cloud infrastructure invisible. The funding comes ...
Capital One to acquire corporate card provider Brex in $5.15B deal
Capital One Financial Corp. said today it’s going to buy the financial services and payments startup Brex Inc. in a deal valued at $5.15 billion, the latest blockbuster acquisition under its Chief Executive Richard Fairbank. The acquisition, revealed during Capital One’s fourth-quarter earnings report today, will consist of 50% cash and 50% stock, and is ...
Intel’s revival hits a bump in the road as its guidance falls short of expectations
Updated: Shares of Intel Corp. nosedived in extended trading today after the company beat expectations in its fourth-quarter financial results but followed up with soft guidance for the current quarter. The company reported earnings before certain costs such as stock compensation of 15 cents per share, easily beating Wall Street’s expectations of eight cents per ...
Chip startup Neurophos gets $110M to replace electrons with photons and accelerate AI compute
Another day, and another artificial intelligence chipmaker is raking in millions of dollars in funding. Today it’s a startup called Neurophos Inc., which has just closed on an oversubscribed early-stage funding round worth $110 million, bringing its total amount raised to $118 million to date. The Series A round was led by Gates Frontier and ...
Yuki launches with $6M in funding to help businesses manage spiraling AI data costs
Big-data cost optimization startup Yuki Technologies Ltd. wants to help enterprises keep a lid on the cloud infrastructure bills associated with their artificial intelligence projects after raising $6 million in funding today. The seed round, which was led by Hyperwise Ventures and saw participation from VelocitX, Tal Ventures, Fresh.fund and Yakir Daniel, the co-founder of ...