Mike Wheatley
Latest from Mike Wheatley
NXP barely maintains growth as it beats the Street’s forecasts on earnings and revenue
NXP Semiconductor N.V. posted strong fourth-quarter earnings results today, beating Wall Street’s projections on earnings and revenue. The beat was enough to send the company’s stock higher in extended trading, with investors remaining bullish on its prospects even as it offered mixed guidance for the current quarter. The chipmaker reported earnings before certain costs such ...
MIT researchers use neural networks to design more durable and flexible composite materials
Researchers at the Massachusetts Institute of Technology’s Computer Science and Artificial Intelligence Laboratory have created a new, AI-powered system for designing more durable microstructured composite materials for use in vehicle manufacturing. In a blog post today, MIT CSAIL Ph.D. student Beichen Li, who led research on the project, said the new system integrates physical experiments, ...
Scammers used deepfake CFO on video call to trick company employee into sending them $25M
Scammers who used artificial intelligence-powered “deepfakes” to pose as a multinational company’s chief financial officer in a video call were able to trick an employee into sending them more than $25 million, CNN reported. The finance worker was duped into making a video call with the purported CFO and several other senior executives at the ...
Meta’s operating profit triples as it smashes forecasts, sending its stock up 20%
Updated with Friday stock price: A solid earnings and revenue beat from Meta Platforms Inc. today catapulted the social networking company’s stock 20% higher in trading Friday, adding more than $200 billion to its market capitalization. The strong results were backed by optimistic guidance for the quarter ahead. In addition, Meta announced that it will ...
Strong iPhone sales help Apple return to growth, but its stock falls on cautious guidance
Apple Inc. delivered strong results for its fiscal first quarter today, notably cutting a streak of four successive quarters of revenue declines. However, with sales falling more than 13% in the all-important Chinese market, and a warning of weakness in iPhone sales over the current quarter, the company’s stock dipped in extended trading. The iPhone ...
Amazon’s stock rises after it trounces analysts’ earnings expectations
Shares of Amazon.com Inc. trended higher in the after-hours session today after the company delivered fourth-quarter financial results that sailed past analysts’ expectations. The company followed its results with strong guidance for the current quarter, further boosting investors’ optimism. Amazon easily topped the Street’s expectations on earnings, delivering a profit before certain costs such as stock ...
Allen Institute for AI launches open and transparent OLMo large language model
The Allen Institute for AI, a nonprofit organization created by the late Microsoft Corp. co-founder Paul Allen, said today it’s bringing more transparency into the generative artificial intelligence industry with what it says is the world’s most open large language model. By open-sourcing the OLMo framework, AI2 says, it’s giving AI researchers and developers the ...
Neurelo launches with $5M in funding to simplify database connectivity headaches
Neurelo Inc., a startup that has created a cloud-based data application programming interface platform for PostgreSQL, MongoDB and MySQL databases, launched today armed with $5 million in seed funding. The round was led by Foundation Capital and saw participation from Cortical Ventures, Secure Octane Investments and Aviso Ventures. The startup has created what it says is ...
Qualcomm beats the Street’s estimates but warns of slow smartphone recovery
Qualcomm Inc. blew past Wall Street’s quarterly earnings and revenue forecasts as it delivered its fiscal first-quarter 2024 results, but its stock traded lower after the smartphone chipmaker issued cautious guidance. The company reported earnings before certain costs such as stock compensation of $2.75 per share on revenue of $9.94 billion, up 5% from a year ...
Samsung records lowest annual profit in more than 15 years
Shares of Samsung Electronics Co. Ltd. were trading lower late today after the company delivered its weakest annual earnings in more than a decade, with its operating profit falling by 3% from a year earlier. The company reported fourth-quarter revenue of 67.8 trillion won (about $51 billion), down 4% from a year earlier and just ...
