Mike Wheatley
Latest from Mike Wheatley
Financial risk management startup Datricks raises $15M to help enterprises identify fraud
A startup called Data.R.X LTD, which likes to be known as Datricks, has closed on a $15 million Series A funding round after developing a platform that uses artificial intelligence to try and uncover financial fraud at enterprises and other organizations. Today’s round was led by Team8 and saw participation from SAP SE’s venture capital ...
Report: OpenAI’s most advanced AI model Strawberry to launch earlier than planned
OpenAI’s upcoming new artificial intelligence model Strawberry could be set to launch earlier than planned, with a prospective release slated for “within the next two weeks,” according to a report today by The Information. The new model had originally been scheduled to launch during the fall, but The Information’s report cites two sources with knowledge of ...
Generative infrastructure-from-code startup AppCD rebrands as StackGen after raising $12.3M
Generative infrastructure-from-code startup AppCD Inc. said today it’s rebranding itself as StackGen after closing on a $12.3 million seed funding round. The funding, which was led by Thomvest Ventures with participation from existing investors WestWave Capital, FireBolt and Secure Octane, will help StackGen to accelerate its product development plans and its go-to-market strategy in order ...
Enterprise-focused AI translation platform and marketplace operator Smartcat raises $43M in funding
Enterprise language translation company Smartcat Platform Inc. said today it has closed on a $43 million Series C funding round led by Left Lane Capital to fuel its expansion. Smartcat is the creator of what it says is a simple, intuitive platform that uses artificial intelligence to automatically translate and create content for global businesses. ...
Oracle NetSuite expands its AI capabilities to deliver greater efficiency for businesses
Oracle Corp.’s NetSuite today announced a host of new product updates and features, with many of them unsurprisingly focused on artificial intelligence. The new offerings are based on Oracle’s existing AI capabilities, which have been embedded into NetSuite to enhance various aspects of the platform, around procurement, project management, user experience and more. They were unveiled ...
Oracle’s stock pops on strong earnings beat, driven by cloud growth and new partnerships
Shares of Oracle Corp. hit an all-time high in extended trading today, after the database company delivered strong first-quarter results that topped analysts’ forecasts and announced a new partnership with the most dominant cloud infrastructure provider, Amazon Web Services Inc. Oracle reported earnings before certain costs such as stock compensation of $1.39 per share, comfortably ...
Oracle buries the hatchet with AWS, bringing its database to the world’s top cloud platform
Oracle Corp. dropped a bombshell today with the news that it has put aside its longstanding differences with Amazon Web Services Inc., forming a “strategic partnership” with its former enemy to bring its Autonomous Database offering to the world’s biggest cloud infrastructure platform. The announcement ahead of Oracle Cloud World this week in Las Vegas came as the ...
Salesforce unleashes an army of artificial intelligence bots with Industries AI
Salesforce Inc. today announced one of its most comprehensive artificial intelligence updates to date with the launch of Industries AI, a new automation platform that can perform a variety of time-consuming tasks on behalf of human workers. The company says Industries AI will be embedded into all 15 of its cloud platforms, such as Sales ...
SiMa.ai debuts new system-on-chip for multimodal AI at the network edge
Artificial intelligence chip startup SiMa Technologies Inc. has unveiled what it says is the first system-on-chip platform that’s specifically designed to handle multimodal AI workloads at the embedded edge. With today’s launch, the startup reckons it can power a wide range of AI workloads in industrial robots and other edge computing devices with much lower ...
Salesforce set to buy cloud data backup specialist Own Co. for $1.9B in cash
Salesforce Inc. said today it will splash $1.9 billion in cash to buy a startup called Own Co., previously known as OwnBackup Ltd., which sells tools for backing up data in cloud-based applications. The deal is expected to close by the end of January 2025, assuming its gets approval from regulators. The amount represents a big ...