Mike Wheatley
Latest from Mike Wheatley
ServiceNow’s stock rises as it tops analysts’ predictions
ServiceNow Inc., the information technology workflow management company, posted better-than-expected third-quarter financial results today, sending its stock higher in extended trading. The company reported a net income of $242 million for the quarter, with earnings before certain costs such as stock compensation coming to $2.92 per share. Analysts were looking for a profit of just ...
Meta bests forecast but uncertainty over Middle East war weighs on stock
Shares of Facebook’s parent company Meta Platforms Inc. took a hit in extended trading today after it easily beat Wall Street’s expectations comfortably only to spook investors with ambiguousness over its prospects in the next financial year. The company delivered net income of $11.6 billion in the third quarter, up 164% from just $4.4 billion ...
IBM beats expectations as AI powers software revenue growth
Shares of IBM Corp. gained a percentage point in the after-hours trading session today after the company delivered third-quarter financial results that came in just ahead of analyst’s expectations The company reported earnings before certain costs such as stock compensation of $2.20 per share, coming in ahead of the $2.13 per share forecast. Revenue for ...
Cisco’s Webex AI combines audio, video and text intelligence to improve business communications
Cisco Systems Inc. today outlined some of the innovative ways it’s planning to use generative artificial intelligence within its Webex communications and collaboration platform. At its WebexOne event in Anaheim, California, it said it will apply AI to ensure crystal clear audio and video during calls and meetings, while improving the productivity of users. The new ...
SAP announces new generative AI capabilities to enhance customer experiences
SAP SE, a top provider of cloud-based enterprise resource planning software, said today it’s expanding its generative artificial intelligence push with a host of new capabilities available now within its portfolio of customer experience tools. The new capabilities are delivered via an upgrade to SAP’s natural language generative AI copilot Joule. They’re designed to automate ...
Report: Generative AI search startup Perplexity AI seeking millions in venture capital funding
The generative artificial intelligence search engine Perplexity AI is said to be on the verge of landing a massive funding round that will leave it valued at about $500 million, up from its $150 million post-investment valuation in March. The Information says venture capital firm Institutional Venture Partners LLC will lead the investment, citing people ...
Cloud revenue miss drags on Alphabet’s stock, despite strong results overall
Alphabet Inc., the parent company of Google LLC, reported double-digit revenue growth for the first time in over a year today as it delivered its third-quarter financial results. The expansion was driven by a rebound in advertising, but the company’s stock fell more than 6% in extended trading as its cloud computing business missed revenue ...
Nvidia and Lenovo team up to deliver powerful generative AI hardware in any location
Nvidia Corp. wants to tighten its grip on the enterprise artificial intelligence market, and it’s looking to do so by strengthening its partnership with Lenovo Group Ltd. In a new collaboration announced today, it said it’s working with Lenovo to deliver advanced, hybrid computing platforms capable of powering generative AI workloads in every location where ...
DataGPT uses generative AI to transform every employee into a skilled business analyst
DataGPT today debuted what it says is the industry’s first artificial intelligence-powered conversational data analyst. The startup says its technology unites the creativity and comprehension of generative AI with the logic and reasoning of advanced analytics techniques to make sophisticated analysis more accessible to smaller businesses. According to DataGPT, incorporated at Comparative Inc., many businesses are ...
Quantum startup Atom Computing to launch industry’s first 1,000+ qubit system
Quantum computing startup Atom Computing Inc. announced today the forthcoming availability of what it says is a 1,225-site atomic array, populated with 1,180 qubits, within the next generation of its quantum computing platform. The company said the launch of its next-gen system will be a key milestone in the industry because it marks the first ...
