Mike Wheatley
Latest from Mike Wheatley
IBM’s newest consulting service pairs human experts with digital workers to scale enterprise AI
IBM Corp. said today it’s going to make its internal, artificial intelligence-powered delivery platform available to enterprise clients as part of a new consultancy service that aims to accelerate the deployment of customized AI models and services. The new service, called IBM Enterprise Advantage, combines the expertise of IBM’s consultants with access to various AI ...
OpenAI backer Sequoia Capital in talks to join Anthropic’s proposed $25B megaround
Sequoia Capital is set to join Coatue and Singapore’s sovereign wealth fund GIC in a blockbuster, multibillion-dollar round in the artificial intelligence startup Anthropic PBC, as part of a funding deal that’s sure to raise eyebrows among Silicon Valley investors. It’s a surprising move by Sequoia because venture capital firms traditionally avoid backing competitors in ...
Warehouse automation startup Mytra snags $120M in funding
Supply chain robotics and infrastructure startup Mytra Inc. says it’s going to supercharge warehousing efficiency after closing on a bumper $120 million funding round today. The company is the creator of an innovative automated storage and retrieval system that combines robotics with artificial intelligence software to dramatically simplify warehouse operations. It’s really a new kind ...
Irish startup Equal1 receives $60M to start deploying its scalable quantum computing tech
Irish quantum computing startup Equal1 Ltd. said today it has raised $60 million in a new funding round led by the Ireland Strategic Investment Fund. The Dublin-based startup, which began life as a spinout from University College Dublin, is the creator of Ireland’s first-ever domestic quantum processing unit or QPU, which is known as Bell-1. ...
Box unlocks agentic data extraction to help companies dig up insights faster
Enterprise content management provider Box Inc. is expanding its armory of artificial intelligence tools with the launch of Box Extract in general availability. The new tool uses third-party AI models from companies including OpenAI Group PBC, Google LLC and Anthropic PBC to extract valuable insights embedded in documents such as invoices and contracts to enhance ...
Manufacturing automation software startup Tulip hits unicorn status with $120M raise
Frontline operations software startup Tulip Interfaces Inc. said today it has raised $120 million in a late-stage funding round that brings its valuation to more than $1.3 billion, joining the ranks of technology unicorns. The Series D round was led by Mitsubishi Electric, which last year signed a strategic alliance agreement with the company in ...
OpenAI commits to buying $10B+ worth of AI compute capacity from Cerebras Systems
OpenAI Group PBC has signed a multibillion-dollar deal with the artificial intelligence chipmaker Cerebras Systems Inc. to secure much-needed compute capacity for its large language models. The AI company said today it will use Cerebras’ chips to power its ChatGPT. It has agreed to purchase up to 750 megawatts of computing power over the next ...
VoiceRun gets $5.5M in seed funding to give enterprises more control over voice AI agents
VoiceRun, a startup that’s helping enterprises to develop voice-enabled artificial intelligence agents that they control, has raised $5.5 million in seed funding to help customers move beyond simple pilots and demonstrations and deploy voice-powered applications at large scale. Today’s round was led by Flybridge Capital Partners and saw participation from RRE Ventures and Link Ventures. ...
Defense Unicorns bags $136 million in funding to deliver secure military software updates
Warfighting software delivery startup Defense Unicorns Inc. said today it has raised $136 million in a new funding round that pushes its valuation past the $1 billion mark, making it an official “unicorn” in more than just its name. The Series B round was led by Bain Capital’s Tech Opportunities Fund and saw participation from ...
AI chip unicorns Etched.ai and Cerebras Systems get big funding boost to target Nvidia
Nvidia Corp. has been in pole position in the artificial intelligence chip market for as long as the industry has existed, but it may want to keep an eye on the rear-view mirror as some of its biggest rivals are getting the financial backing they need to shift into a higher gear. For instance, the ...