Mike Wheatley
Latest from Mike Wheatley
Shares of the troubled chipmaker Intel Corp. rose more than 3% after-hours on the back of solid fourth-quarter results that topped expectations, overshadowing somewhat disappointing guidance. The company reported earnings before certain costs such as stock compensation of 13 cents per share, …
Apple reports record quarterly revenue despite iPhone sales miss
Apple Inc. has just delivered its “best quarter ever,” with record-breaking revenue helping to boost its stock even as iPhone sales missed expectations. That, added to a positive forecast for the coming quarter, sent the company’s stock higher in extended trading. The …
ServiceNow stumbles with revenue miss and tepid guidance for the year ahead
Investors punished ServiceNow Inc. for its mixed fourth-quarter results and disappointing forecast, with a sharp selloff sending its stock way down in the after-hours trading session today. The company reported fourth quarter earnings before certain costs such as stock compensation of $3.67 …
Meta crushes Wall Street’s profit targets as Zuckerberg dismisses DeepSeek threat
Shares of Facebook parent company Meta Platforms Inc. gained more than 2% in extended trading today after it posted solid fourth-quarter results that surpassed analysts’ expectations. Chief Executive Mark Zuckerberg (pictured) took the opportunity to heap praise on new U.S. President Donald …
Microsoft’s AI revenue grows, but its stock falls on lower guidance and spending concerns
The Microsoft Corp. stock price dipped after-hours despite a 10%rise in profit from its fiscal second quarter, as the company strives to capitalize on the massive investments it has made in artificial intelligence infrastructure. The company said its revenue from AI products and …
UVeye, which uses AI to enable drive-through vehicle checks, raises $191M
UVeye Inc., a startup using artificial intelligence as the basis of intelligent vehicle inspection technology, said today it has completed a $191 million extension to its Series D funding round, bringing its total amount raised to date to $380.5 million. The latest …
Quibim, a startup using AI imaging to aid in disease detection, raises $50M
A Spanish artificial intelligence startup called Quibim S.L. said today it has closed on a $50 million early-stage funding round to help accelerate the development of its foundational models for medical imaging. Today’s Series A round was led by Asabys, a leading …
Hugging Face wants to reverse-engineer DeepSeek’s R1 reasoning model
Researchers from Hugging Face Inc. say they’re attempting to recreate Chinese startup DeepSeek’s R1 “reasoning model.” The initiative comes after R1 stunned the artificial intelligence community by matching the performance of the most capable models built by U.S. firms, despite being built …
OpenAI launches ChatGPT Gov to accelerate government adoption of AI
OpenAI is trying to cozy up further with the U.S. government through the launch of “ChatGPT Gov,” a special version of its iconic chatbot that’s geared to federal agencies. The company said ChatGPT Gov will give government workers a more secure way …
Alice & Bob raises €100M to build world’s first error-resistant quantum computer by 2030
The French quantum computing startup Alice & Bob SAS said today it has raised €100 million ($104.2 million) in a Series B round of funding led by Future French Champions, AXA Venture Partners and Bpifrance. The round also saw the participation of …