Mike Wheatley
Latest from Mike Wheatley
HP Inc. delivered mixed financial results in its final quarter of fiscal 2024, and followed up with weak guidance for the current period. Investors recoiled, and the company’s stock tumbled more than 7% in extended trading. The personal computer and printer manufacturer …
Dell’s stock falls on weak guidance, as more customers hold off for next-gen AI servers
Weak guidance sent Dell Technologies Inc.‘s shares into a tailspin today, as the stock fell more than 10% in extended trading. The company is forecasting lower server sales, and blamed the shortfall on enterprise customers that are waiting to snap up new …
Intel’s CHIPS Act funding set to be cut by the Biden administration, reports say
The outgoing Biden administration is reportedly going to cut downn the preliminary $8.5 million grant it awarded to Intel Corp. under the CHIPS Act, adding to the struggling U.S. chipmaker’s woes. Intel, which is set to become the main beneficiary of the …
Nvidia’s new music generation model Fugatto creates ‘never before heard sounds’
Nvidia Corp. today joined the likes of Meta Platforms Inc., OpenAI and Runway AI Inc. in releasing a generative artificial intelligence model that’s designed to create “new” music and audio from human language prompts. According to the chipmaker, the new model, called …
Zoom struggles to grow beyond a crawl and its stock dips
Shares of Zoom Communications Inc. were trading 4% lower in the after-hours session today, even as the company delivered strong third-quarter earnings results and provided optimistic guidance for the current quarter. The company reported earnings before certain costs such as stock compensation …
Multicloud GPU compute-as-a-service startup Kinesis Network goes fully serverless
Distributed cloud compute-as-a-service startup Kinesis Network Inc. today announced the availability of a new serverless feature for enterprises to access its scalable “always-on” compute resources for artificial intelligence workloads. With the new service, companies can access low-cost graphics processing units from multiple …
AI voice startup PlayAI raises $21M to power a new generation of more humanlike AI agents
Voice artificial intelligence startup PlayHT Inc., which likes to be known simply as PlayAI, said today it has raised $21 million in a seed round of funding. The round was led by Kindred Ventures. Others, including Race Capital, 500 Global and Y …
Luma AI updates Dream Machine with new Photon image generation model and more
Artificial intelligence startup Luma AI Inc. today announced the debut of a powerful new model for image generation that’s available now through its popular Luma AI Dream Machine platform for creators and marketers. The AI startup, which provides tools for creating and …
IBM brings its most powerful Granite AI models to Amazon’s cloud
IBM Corp. is teasing a number of details about how it’s expanding its partnership with Amazon Web Services Inc. to advance responsible artificial intelligence for mutual enterprise customers. The company said it will showcase a number of key collaborations at AWS re:Invent …
Lightning AI raises $50M to eliminate AI development headaches
Artificial intelligence development platform provider Lightning AI said today it has closed on $50 million in an equity funding round that brings its total amount raised to $103 million. Today’s round included participation from Cisco Investments, J.P. Morgan, K5 Global and Nvidia …