Mike Wheatley
Latest from Mike Wheatley
Rebate management software startup Enable raises $120M in funding to hit unicorn status
Rebate management software startup Enable International Inc. said today it has closed on a hefty $120 million late-stage funding round, bringing its total amount raised to $276 million and its valuation to $1 billion. Today’s Series D round was led by Lightspeed Venture Partners and included participation from the lead investors of its earlier rounds, ...
Red Hat announces grand vision for AI at this year’s Kubecon + CloudNativeCon event
Enterprise software giant Red Hat Inc. delivered a flurry of announcements today at this year’s Kubecon + CloudNativeCon NA event, detailing its vision for artificial intelligence and a key update to the Red Hat OpenShift container software development suite. Kubecon + CloudNativeCon NA is an annual event focused on the popular, open-source Kubernetes technology that’s ...
Amazon CodeWhisperer now provides enhanced AI-generated code suggestions for MongoDB developers
The cloud database company MongoDB Inc. said today it’s partnering with Amazon Web Services Inc. to optimize Amazon CodeWhisperer, so it can provide superior suggestions that aid developers in application development and modernization. CodeWhisperer is a generative artificial intelligence-powered coding assistant that was unveiled in June. It can generate code suggestions when prompted using natural ...
Elon Musk’s AI startup xAI unveils Grok, its first generative AI chatbot
Elon Musk’s artificial intelligence startup xAI Corp. has announced the launch of its first generative AI chatbot, called Grok, which is said to have a rebellious streak inspired by “The Hitchhiker’s Guide to the Galaxy.” The technology entrepreneur, who serves as chief executive Of Tesla Corp. and owner of X Corp., had last week warned ...
DigitalOcean’s stock jumps more than 20% on solid earnings and revenue beat
Cloud computing infrastructure provider DigitalOcean Holdings Inc. delivered a strong earnings and revenue beat and posted a sales forecast for the current quarter that came in above estimates, sending its stock sky-high in extended trading today. DigitalOcean’s stock had already gained 7% during the regular trading session before shooting up by 22% more after-hours. The ...
FTX founder Sam Bankman-Fried convicted on all seven counts in fraud and conspiracy trial
Sam Bankman-Fried, co-founder of the now defunct cryptocurrency exchange FTX Trading Ltd., has been found guilty on all seven counts in his federal trial on fraud and conspiracy charges. The jury deliberated for just over four hours before reaching its verdict late Thursday. The defendant (pictured) had been charged with participating in a “wide-ranging scheme ...
Apple beats expectations but declining revenue and weak guidance weighs on stock
Apple Inc. delivered fiscal fourth-quarter earnings and revenue today that topped analysts’ expectations, but its overall sales declined for a fourth successive quarter. Each of its hardware businesses outside of iPhone struggled, and executives indicated that the company is unlikely to return to growth in the holiday quarter. The news put pressure on Apple’s stock, which ...
With RAGStack, DataStax enables generative AI models to gain additional context from third-party data
Database startup DataStax Inc. is looking to boost its relevance in the generative artificial intelligence industry with the launch today of a new offering called RAGStack. It’s described as an “out-of-the-box RAG solution” that aims to simplify a technique known as retrieval augmented generation. RAG, as it’s known, refers to the process of providing additional ...
JFrog beats expectations and offers strong guidance, and its stock soars
JFrog Ltd. delivered strong third-quarter results today that came in above Wall Street’s expectations. The software supply chain tooling company also provided a strong forecast for the coming quarter, despite seeing its business hurt by the conflict in Israel, where more than half of its employees are based. The strong report and confident guidance lifted JFrog’s ...
Confluent’s stock gets hammered on weak revenue guidance
Shares of the big-data software company Confluent Inc. took a pounding in the after-hours trading session today, losing more than a third of its value in response to light revenue guidance for the coming quarter and full year. The company reported strong third-quarter results that surpassed Wall Street’s expectations. It said it delivered earnings before ...
