Mike Wheatley
Latest from Mike Wheatley
Despite an earnings beat and solid guidance, UiPath’s stock slides after hours
UiPath Inc. beat expectations on earnings and revenue in its latest financial results, doubled its profitability and offered solid guidance for the current quarter and full year, but it still wasn’t enough to satisfy investors. Despite the strong results, its stock fell more than 4% in late trading today. The company reported fourth-quarter earnings before ...
Xscape debuts its first laser-based optical interconnect after raising $37M in fresh funding
Optical interconnect startup Xscape Photonics has raised $37 million in funding in what it described as an extension round, bringing its total Series A investment to $81 million. The round doubles its valuation, and comes alongside the launch of a new device called FalconX that enables ultra-fast, high-capacity data transmission for artificial intelligence data centers. Today’s ...
Ctera collapses boundary between traditional files and object storage, so humans and AI can work with the same data
Ctera Networks Ltd. says it’s building a better data foundation for artificial intelligence systems, consisting of a new federated data architecture that eliminates the tradeoff between traditional file systems and object storage. The startup’s new product is called Ctera Fusion Direct. Announced today, it unifies the two standalone storage domains into a single, high-performance data ...
Legora raises $550M to fuel U.S. expansion of AI agents that automate legal work
Legora AB, a Stockholm-based startup that uses artificial intelligence to automate legal work, said today it has raised a hefty $550 million late-atage funding round that brings its valuation to $5.55 billion. Accel led the Series D round, which also saw the participation of existing backers such as Benchmark, Bessemer Venture Partners, General Catalyst, ICONIQ, ...
Meta Platforms buys Moltbook, the bizarre and fascinating social network for AI agents
Meta Platforms Inc. owns and operates some of the world’s largest and most iconic social media networks, and now it’s adding what may well be the world’s weirdest. The company said today it has agreed to buy a startup called Moltbook, which is an experimental social media platform that was built specifically for autonomous artificial ...
Oracle’s cloud revenue surges 44%, easing pressure on its stock
Oracle Corp. brushed aside fears that artificial intelligence might be eating its software business today as it delivered a solid third-quarter earnings beat and lifted its revenue guidance for the fiscal year. The database and cloud infrastructure giant reported adjusted earnings of $1.79 per share, easily beating Wall Street’s consensus estimate of $1.70 per share. ...
With $200M in funding, Eridu wants to break through the network wall holding back AI
Eridu Corp. wants to break through the artificial intelligence networking “wall” after raising $200 million in early-stage funding today. The money from the Series A round will help it to commercialize an all-new network switch that promises to scale AI workloads to unprecedented heights. Today’s round was led by Socratic Partners, venture capitalist John Doerr, Hudson ...
Anthropic debuts extremely efficient but pricey code checking tool for developers
When it comes to writing software, getting feedback is a critical part of the process, ensuring that bugs in the newly written code can be caught early, before a pull request is submitted. But with the rise of artificial intelligence coding bots, developers are shipping more code than ever before, overwhelming human reviewers. Anthropic PBC ...
MariaDB buys in-memory computing pioneer GridGain to accelerate data processing for AI agents
Database management company MariaDB Plc said today it’s buying the Apache Ignite creator and in-memory computing technology developer GridGain Systems Inc. to build more robust infrastructure for artificial intelligence agents. The company said the combination of its own technologies and GridGain will result in a single, high-velocity and hybrid cloud platform that’s able to handle ...
Networking boost helps HPE beat the Street’s earnings targets
Hewlett-Packard Enterprise Co. delivered better-than-expected earnings and gave an outlook for the current quarter and full year that surpassed Wall Street’s expectations, signaling it continues to benefit from strong demand for artificial intelligence hardware. The company reported first-quarter earnings before certain costs such as stock compensation of 65 cents per share, comfortably ahead of the ...