Mike Wheatley
Latest from Mike Wheatley
Oracle buries the hatchet with AWS, bringing its database to the world’s top cloud platform
Oracle Corp. dropped a bombshell today with the news that it has put aside its longstanding differences with Amazon Web Services Inc., forming a “strategic partnership” with its former enemy to bring its Autonomous Database offering to the world’s biggest cloud infrastructure platform. The announcement ahead of Oracle Cloud World this week in Las Vegas came as the ...
Salesforce unleashes an army of artificial intelligence bots with Industries AI
Salesforce Inc. today announced one of its most comprehensive artificial intelligence updates to date with the launch of Industries AI, a new automation platform that can perform a variety of time-consuming tasks on behalf of human workers. The company says Industries AI will be embedded into all 15 of its cloud platforms, such as Sales ...
SiMa.ai debuts new system-on-chip for multimodal AI at the network edge
Artificial intelligence chip startup SiMa Technologies Inc. has unveiled what it says is the first system-on-chip platform that’s specifically designed to handle multimodal AI workloads at the embedded edge. With today’s launch, the startup reckons it can power a wide range of AI workloads in industrial robots and other edge computing devices with much lower ...
Salesforce set to buy cloud data backup specialist Own Co. for $1.9B in cash
Salesforce Inc. said today it will splash $1.9 billion in cash to buy a startup called Own Co., previously known as OwnBackup Ltd., which sells tools for backing up data in cloud-based applications. The deal is expected to close by the end of January 2025, assuming its gets approval from regulators. The amount represents a big ...
Growing demand for AI helps UiPath deliver strong revenue beat and upbeat guidance
Automation software company UiPath Inc. rode on the back of growing enterprise enthusiasm for all things artificial intelligence to surpass Wall Street’s expectations for its second-quarter results today. It also raised its revenue guidance for the full year, and investors nodded their appreciation, sending the stock up more than 10% after-hours. The company reported earnings ...
Broadcom’s stock falls on weak outlook, despite strong AI chip sales and VMware bookings
Shares of Broadcom Inc. traded lower following the closing bell today, after the chipmaker reported quarterly financial results that swung to a loss and offered guidance that fell short of expectations. The company may have hoped for a reprieve as it boosted its guidance in terms of annual artificial intelligence revenue, having topped analysts’ expectations in ...
Red Hat launches RHEL AI platform for hybrid cloud generative AI development
Open-source software giant Red Hat Inc. has announced the launch of its dedicated foundation model platform for generative artificial intelligence development in hybrid cloud environments. Red Hat Enterprise Linux AI is generally available today, having been announced three months ago at the Red Hat Summit. It brings together the open-source Granite family of large language models ...
Salesforce enhances basic features for Sales Cloud and Service Cloud customers
Salesforce Inc. today launched a new suite of features called Salesforce Foundations to help larger businesses that span multiple industries unify their sales operations. Salesforce Foundations is a free offering being made available to every Salesforce Sales Cloud and Service Cloud customer, and it bundles functionality from the company’s Sales, Service, Marketing, Commerce and Data Cloud ...
Couchbase’s stock crumbles on anticipation of significant growth slowdown
Database company Couchbase Inc. delivered second-quarter results that came out just ahead of Wall Street’s estimates today, but its stock took a turn for the worse in extended trading, with investors apparently concerned by a slowdown in its growth rate. The company reported a loss before certain costs such as stock compensation of six cents ...
C3 AI fails to make progress on profitability and its stock plummets
Artificial intelligence software company C3 AI Inc. beat on earnings and revenue expectations as it posted its fiscal first-quarter financial results today, but its stock fell hard and fast in extended trading amid fears that it may not achieve profitability as fast as originally hoped. The company reported a loss before certain costs such as ...