Mike Wheatley
Latest from Mike Wheatley
Strong earnings report pushes GlobalFoundries’ stock higher in extended trading
Shares of the contract chip manufacturer GlobalFoundries Inc. edged higher in the after-hours trading session today following a strong earnings and revenue beat. The stock ticked upward, even though investors were likely to have been disappointed by the company’s mixed outlook. The company reported second-quarter earnings before certain costs such as stock compensation of 38 cents per ...
Startup Scamnetic debuts AI-powered scam detection platform to detect fraudsters in real time
Artificial intelligence-powered “scam detection” startup Scamnetic Inc. said it’s making its flagship platform available to software providers today. Customers will be able to integrate its platform into their software via an application programming interface and provide their users with robust protection from “every type of scam,” the startup promised. Scamnetic says its platform is designed to ...
Salesforce extends generative AI smarts to its Nonprofit Cloud platform
Salesforce Inc. said today that its dedicated Nonprofit Cloud platform is the latest product in its portfolio to benefit from an infusion of generative artificial intelligence. In a new update, the company is introducing AI-powered tools to help nonprofits improve their operational efficiency, personalize donor engagement and discover more funding sources. Among the new features ...
Open-source data science platform Knime raises $30M to seize opportunity in generative AI
Open-source data science platform provider Knime AG said today it has closed on a new, $30 million investment from its longtime backer Invus. The round is the first major investment the company has received since Invus led its initial Series A funding round way back in 2017, and brings its total amount raised to date ...
Private equity firm Apax buys Thoughtworks in $1.75B takeover deal
Shares of the technology consultancy Thoughtworks Holding Inc. jumped more than 27% during the regular trading session today after it revealed it has agreed to be acquired by the British private equity firm Apax Partners LLP in a deal worth about $1.75 billion. The transaction will see Thoughtworks exit the stock market and return to ...
Placer Labs raises $75M to enhance market research initiatives with foot traffic data and AI
Location data startup Placer Labs Inc., better known as Placer.ai, said today it has closed on a bumper $75 million funding round that brings its valuation to almost $1.5 billion. Today’s round was unusual in that Placer.ai declined to name any of its investors, except to say that they were all existing backers. According to ...
Report: Design flaw discovery set to delay launch of Nvidia’s new Blackwell GPUs
Updated with Monday stock movement: Chipmaker Nvidia Corp. has told Microsoft Corp., Meta Platforms Inc., Google LLC and other customers that its upcoming, highly anticipated “Blackwell” B200 graphics processing units for artificial intelligence workloads are likely to be delayed by at least three months. A report Friday night by The Information said one of Nvidia’s ...
Cloudflare’s stock jumps as it cruises to a solid earnings and revenue beat
Content delivery network and cybersecurity tooling provider Cloudflare Inc.’s stock was heading higher in extended trading today, posting gains of more than 10% on the back of stellar second-quarter financial results and strong guidance. The company reported earnings before certain costs such as stock compensation of 20 cents per share on sales of $401 million, ...
Intel’s stock craters as it reveals plan to cut 15,000 jobs, 15% of its workforce
Updated with Friday stock close: Intel Corp. today confirmed reports from earlier this week that it will cut a significant number from its massive global workforce, saying it plans to lay off about 15,000 workers, or 15% of its total. The disclosure came on the back of a disappointing earnings report and lower guidance, and ...
Amazon’s stock slides on revenue miss and lower guidance despite cloud growth uptick
Shares of Amazon.com Inc. took a beating in extended trading today, falling more than 7% after the company reported revenue that came in below expectations and followed with lower guidance for the current quarter. The company reported second-quarter earnings before certain costs such as stock compensation of $1.26 per share, beating Wall Street’s consensus estimate ...