Mike Wheatley
Latest from Mike Wheatley
Growing demand for AI helps UiPath deliver strong revenue beat and upbeat guidance
Automation software company UiPath Inc. rode on the back of growing enterprise enthusiasm for all things artificial intelligence to surpass Wall Street’s expectations for its second-quarter results today. It also raised its revenue guidance for the full year, and investors nodded their appreciation, sending the stock up more than 10% after-hours. The company reported earnings ...
Broadcom’s stock falls on weak outlook, despite strong AI chip sales and VMware bookings
Shares of Broadcom Inc. traded lower following the closing bell today, after the chipmaker reported quarterly financial results that swung to a loss and offered guidance that fell short of expectations. The company may have hoped for a reprieve as it boosted its guidance in terms of annual artificial intelligence revenue, having topped analysts’ expectations in ...
Red Hat launches RHEL AI platform for hybrid cloud generative AI development
Open-source software giant Red Hat Inc. has announced the launch of its dedicated foundation model platform for generative artificial intelligence development in hybrid cloud environments. Red Hat Enterprise Linux AI is generally available today, having been announced three months ago at the Red Hat Summit. It brings together the open-source Granite family of large language models ...
Salesforce enhances basic features for Sales Cloud and Service Cloud customers
Salesforce Inc. today launched a new suite of features called Salesforce Foundations to help larger businesses that span multiple industries unify their sales operations. Salesforce Foundations is a free offering being made available to every Salesforce Sales Cloud and Service Cloud customer, and it bundles functionality from the company’s Sales, Service, Marketing, Commerce and Data Cloud ...
Couchbase’s stock crumbles on anticipation of significant growth slowdown
Database company Couchbase Inc. delivered second-quarter results that came out just ahead of Wall Street’s estimates today, but its stock took a turn for the worse in extended trading, with investors apparently concerned by a slowdown in its growth rate. The company reported a loss before certain costs such as stock compensation of six cents ...
C3 AI fails to make progress on profitability and its stock plummets
Artificial intelligence software company C3 AI Inc. beat on earnings and revenue expectations as it posted its fiscal first-quarter financial results today, but its stock fell hard and fast in extended trading amid fears that it may not achieve profitability as fast as originally hoped. The company reported a loss before certain costs such as ...
HPE beats expectations but its stock falls on concerns about weak AI server margins
Shares of Hewlett Packard Enterprise Co. traded lower late today despite the company posting solid earnings and revenue that came in above Wall Street’s expectations. It seems investors were much more interested in the company’s bottom line, and may have been perturbed by weaker-than-expected margins that suggest lower profits in its closely watched data center server ...
Multimodal search startup Objective debuts Anton, an AI agent that evaluates search results with humanlike precision
Artificial intelligence-native search startup Objective Inc. is tapping AI to improve the quality of its search results. Today it announced Anton, a new AI agent that can help its search service customers to boost the relevance of their search results. It does this by evaluating them much like a human user would. Founded by machine ...
Red Hat brings its AI-optimized Linux platform to Dell’s PowerEdge servers
Dell Technologies Inc. said today it’s partnering with Red Hat Inc. to bring the Red Hat Enterprise Linux AI or RHEL AI platform to its popular PowerEdge servers, paving the way for its hardware to serve as a foundation for artificial intelligence development. The companies explained that the partnership will make it easier for organizations ...
InfluxData revamps its time-series database offerings with faster query performance and lower latency
Time series database startup InfluxData Inc. is beefing up the capabilities of its flagship product InfluxDB with a major update rolled out today that’s designed to simplify the task of managing time series data at scale, while improving its overall performance. In addition to InfluxDB 3.0, the startup announced InfluxDB Clustered, which is a self-managed version ...