Mike Wheatley
Latest from Mike Wheatley
SAP’s stock rises on fast-growing cloud revenue
Shares of the business software company SAP SE were trading higher late today after it reported third-quarter earnings and sales that came in just ahead of the Street’s estimates and raised its full-year outlook for cloud and software revenue. The company reported earnings before certain costs such as stock compensation of €1.23 per share on ...
Report: AI search startup Perplexity in talks with investors over $500M funding
Perplexity AI Inc., creator of an artificial intelligence-powered search engine platform, is reportedly discussing yet another huge funding round with investors that could increase its valuation to more than $8 billion. In the last year, Perplexity has already closed on three big funding rounds, and its current valuation stands at $3 billion as of this ...
Meta’s Spirit LM generates more expressive voices that reflect anger, surprise, happiness and other emotions
Meta Platforms Inc.’s Fundamental AI Research team is going head-to-head with OpenAI yet again, unveiling a new open-source multimodal large language model called Spirit LM that can handle both text and speech as inputs and outputs. These are the same capabilities that distinguish OpenAI’s most powerful LLM, GPT-4o, as well as other multimodal models such ...
Simplismart raises $7M to help enterprises run their own AI models with rapid inference and full control
Artificial intelligence inference startup Simplismart, officially known as Verute Technologies Pvt Ltd., said today it has closed on $7 million in funding to build out its infrastructure platform and help companies to deploy AI models more easily. The Series A round was led by Accel and saw the participation of Shastra VC, Titan Capital, and ...
Google looks to spearhead AI adoption in the public sector
Google LLC is bringing its most powerful artificial intelligence models to public-sector institutions with the upcoming launch of Gemini in Google Distributed Cloud for Secret and Top Secret Workloads early next year. The announcement was made today at Google’s Public Sector Summit, an event focused on the latest developments in Google Public Sector, a version ...
Big-data startup UltiHash unveils advanced deduplication to boost AI storage efficiency
Big-data startup UltiHash GmbH is looking to disrupt the artificial intelligence storage market with the launch of a “unified storage layer” that combines a new and more sophisticated deduplication algorithm with the scalability of data lakes and the querying power of data warehouses. UltiHash reckons its unified storage layer is essential to tackle some of ...
Xscape Photonics raises $44M to accelerate development of laser-based chip interconnects
Next-generation data center connectivity startup Xscape Photonics today revealed it has closed on a $44 million early-stage investment, bringing its total amount raised to date to $57 million. Today’s Series A round was led by IAG Capital Partners, and saw backing from Cisco Systems Inc., Nvidia Corp., Altair Engineering Inc., Fathom Fund, Kyra Ventures, LifeX ...
AI startups Decagon and Neuron7 raise millions to transform customer service and repairs
Artificial intelligence-powered customer service startups Decagon AI Inc. and Neuron7 Inc. both announced big funding rounds today, with the former closing on a hefty $65 million investment, and the latter raising $44 million. Decagon said its Series B funding round was led by Bain Capital Ventures and saw participation from Elad Gil, A*, Accel, Bond ...
AWS and Databricks to deliver more affordable generative AI for joint customers
Amazon Web Services Inc. and Databricks Inc. have signed a five-year deal to help companies cut costs when building and running their artificial intelligence applications. As part of the deal announced today, Databricks says it will use AWS’s Trainium AI chips to power its Mosaic AI service, which helps businesses to customize existing large language models ...
Google enhances security and management for corporate-owned Android devices
Google LLC is enhancing the security and management features of the Android operating system in order to make it more useful and secure for businesses. In a blog post today, the company unveiled a number of “Android for business” updates, delivering what it says is “enterprise-grade” security and management capabilities to every Android device. It’s ...