Mike Wheatley
Latest from Mike Wheatley
China’s Baidu backs out of $3.6B acquisition of livestreaming platform provider Joyy
Chinese internet giant Baidu Inc. has called off a proposed $3.6 billion acquisition of the livestreaming platform provider Joyy Inc. One of Baidu’s affiliate companies had agreed back in 2020 to acquire the Nasdaq-listed Joyy, which owns the livestreaming platform YY Live, as part of an effort to diversify its revenue away from advertising. However, ...
US Supreme Court chief justice warns against risks of AI adoption in legal circles
U.S. Supreme Court Chief Justice John Roberts urged “caution and humility” regarding the use of artificial intelligence in the legal field, in a report published Sunday, saying the technology is a “mixed blessing.” In the 13-page report, Roberts acknowledged that AI had the potential to increase access to justice for litigants, while transforming legal research ...
South Korea’s chipmaking industry sparks back into life, as shipments and production increase
The South Korean government has revealed that its chipmaking industry recorded its biggest-ever gains in both production and shipments this year. The increased momentum is one of the clearest signs yet that the global chipmaking industry is poised to bounce back from doldrums it entered in 2022 as the world reopened following the COVID-19 pandemic. ...
Nvidia launches scaled-down version of its latest gaming GPU in China
Chipmaker Nvidia Corp. has revealed that it’s now shipping a hobbled version of its latest graphics processing unit for video gamers in China, after the U.S. government announced it was tightening its restrictions on the hardware it’s allowed to sell in that country. The China-only version of the GTX 4090 D chip that’s now listed ...
Samsung partners with Red Hat to verify key data center scalability tech
Samsung Electronics Co. Ltd. said Wednesday it has achieved a key milestone after successfully verifying its Compute Express Link memory technology works as expected in a real user environment with the open-source software company Red Hat Inc. According to the chipmaker, advances in generative artificial intelligence, autonomous driving and in-memory databases mean that data center ...
Software AG invites bids for its Cumulocity and Trend Miner platforms
Privately held software company Software AG has invited interested parties to submit bids to acquire two of its software platforms, and is also exploring its options over a third one as it continues to streamline its operations. The report today comes from the German-language publication Handelsblatt, which cites sources familiar with the matter as saying ...
SoftBank’s shares jump as it gains $7.6 billion stock payout from T-Mobile
Shares of the prominent technology investor SoftBank Group Corp. gained more than 5% today after it revealed it would receive $7.59 billion worth of shares in the telecommunications provider T-Mobile U.S. Inc. at no additional cost. SoftBank said in a statement it had told T-Mobile U.S. to issue 48.75 million shares in common stock, after ...
MicroStrategy’s stock gains more than 350% in 2023 as it increases its exposure to bitcoin
Business intelligence software firm MicroStrategy Inc. has dramatically increased its exposure to the cryptocurrency bitcoin, pushing its stock up more than 350% over the last year. According to a report today by Reuters, MicroStrategy’s stock has risen in line with, but considerably more than, the value of bitcoin itself, which has gained more than 160% ...
Generative AI startup Anthropic reportedly on track to deliver $850M in annual revenue
Red hot artificial intelligence startup Anthropic PBC is projecting that it will now achieve an $850 million annualized revenue run rate by the end of 2024, significantly greater than an earlier forecast it made just three months ago. Back in September, the company told investors it was generating revenue at a $100 million annualized run ...
Report: Samsung to delay production at new U.S. chip fab until 2025
Samsung Electronics Co. Ltd. has reportedly put off mass production at its new chipmaking fab in Taylor, Texas, by up to six months. The delay appears to be a blow to President Joe Biden’s administration’s ambitious plans to increase domestic semiconductor manufacturing. Bloomberg cites reports in South Korean media as saying that mass production at ...
