Mike Wheatley
Latest from Mike Wheatley
Artificial intelligence-powered scientific discovery startup Lila Sciences is the latest company to emerge from Flagship Pioneering Inc.’s biotechnology incubator, and it’s backed by a staggering $200 million in seed funding. The startup, which aims to leverage powerful AI algorithms to lead autonomous …
Oracle misses expectations and guidance was also weak, sending its stock lower
Shares of the database and business software giant Oracle Corp. headed lower in extended trading today after it missed analysts’ expectations for its latest financial results. The company did reiterate its bullish stance on artificial intelligence and the prospects for its cloud infrastructure …
SambaNova debuts framework for lower-cost, open-source deep research agents
Artificial intelligence chip startup SambaNova Systems Inc. said today it has developed a new framework for AI-powered “deep research” that can generate in-depth reports up to three times faster, and at much lower cost, than is possible with existing research-focused systems. The …
China’s new AI agent Manus gets global attention for its autonomous smarts
Just weeks after Chinese artificial intelligence developer DeepSeek Ltd. shocked the world with its low-cost alternative to OpenAI’s ChatGPT, another Chinese startup is making similar noise, releasing what it claims is one of the most advanced autonomous AI systems yet available. It’s …
Scale AI faces probe amid allegations that it’s underpaying its data labeling contractors
The data labeling startup Scale AI Inc. is being investigated by the U.S. Department of Labor, amid suspicions that it’s violating the Fair Labor Standards Act, the company said today. The Labor probe is investigating Scale AI’s compliance with fair pay standards …
HPE to lay off 2,500 staff as stock craters on mixed earnings results and tariffs
Shares of Hewlett Packard Enterprise Co. cratered in extended trading today after the company’s fiscal first-quarter earnings results were overshadowed by a big round of layoffs and a warning that incoming tariffs are likely to affect its results in the future. The …
Broadcom’s stock bounces back on strong earnings and guidance powered by AI chip demand
The computer chipmaker Broadcom Inc. posted better-than-expected financial results and offered a strong forecast for its fiscal second-quarter revenue, citing continued strong demand for its custom artificial intelligence chips. The strong results helped to ease concerns about beaten-down AI stocks, which surfaced …
Armed with new funding, Axelera AI debuts Titania, its latest low-power chip for edge AI inference
Artificial intelligence chipmaker Axelera AI B.V. today announced Titania, the next generation of its low-power yet high-performance silicon for running generative AI and computer vision inference workloads at the network edge. Coinciding with the launch of Titania, the company also revealed yet …
Custom AI chipmaker Marvell’s stock tumbles after-hours, despite earnings and revenue beat
Chipmaker Marvell Technology Inc. delivered better-than-expected results and guidance in its latest financial report today, but investors were decidedly unimpressed, and its stock fell hard in the after-hours trading session. The company reported fourth-quarter earnings before certain costs such as stock compensation …
MongoDB finally turns a profit but its shares plunge on weak guidance
MongoDB Inc. finally delivered a quarterly profit as it posted its fiscal 2025 fourth-quarter results, crushing the Street’s targets on earnings and revenue. However, its outlook for the new fiscal year was a big disappointment, sending investors running for the hills as …