Mike Wheatley
Latest from Mike Wheatley
Nvidia claims first place in MLCommon’s first benchmarks for LLM inference, but Intel is a close second
MLCommons, the open engineering consortium for benchmarking the performance of chipsets for artificial intelligence, today unveiled the results of a new test that’s geared to determine how quickly hardware can run the most advanced AI models. Nvidia Corp.’s most advanced chips were the top performers in tests on a large language model, though Intel Corp.’s ...
Oracle’s revenue comes up short of expectations and its stock slides
Shares of the database company Oracle Corp. took a pounding in after-hours trading today as the company reported sales that missed expectations and provided lighter revenue guidance than analysts had hoped. The company reported net income of $2.42 billion in its fiscal 2024 first-quarter results, rising from $1.55 billion a year earlier. Earnings before certain ...
Report: Data centers guzzling enormous amounts of water to cool generative AI servers
Generative artificial intelligence models such as ChatGPT are known to consume vast amounts of energy, but few people are aware of the enormous amounts of water required to keep them up and running too. In their latest environmental reports, Microsoft Corp. and Google LLC – two of the leading players in the generative AI industry ...
Meta Platforms reportedly building open-source generative AI system to rival OpenAI’s ChatGPT
Facebook and Instagram parent Meta Platforms Inc. is looking to rival OpenAI LP in the generative artificial intelligence landscape with an alternative, but open-source model that’s likely to be as powerful as GPT-4. Meta’s new model will be “several times more powerful” than the Llama 2 generative AI model that was released earlier this year, ...
Anthropic announces Claude Pro, a paid subscription for its generative AI chatbot
Generative artificial intelligence startup Anthropic, one of the major rivals to OpenAI LP and ChatGPT, today announced the availability of a paid subscription plan that offers users advanced chatbot features. Claude Pro is the first paid plan for Anthropic’s Claude 2 chatbot service, and it’s being made available to users in the U.S. and U.K. ...
SAP acquires German startup LeanIX to help customers modernize their tech stacks
German enterprise resource planning software giant SAP SE today said it has snapped up a startup called LeanIX GmbH, which sells tools that offer enterprises a complete picture of their entire software stacks. The financial terms of the deal were not disclosed, but media reports elsewhere suggest SAP paid a hefty fee in excess of ...
DocuSign brushes aside macro pressures, topping forecasts to send its stock higher
Shares of the electronic signature company DocuSign Inc. rose 3% higher in after-hours trading today after it reported earnings that beat expectations and raised its full-year outlook. The gains helped erase an earlier decline of just over 1% during the regular trading session. DocuSign reported second-quarter net income of $7.4 million, up from a loss ...
Report: Big-data company Alteryx holding talks about possible sale
The publicly traded big data software company Alteryx Inc. is reportedly exploring the possibility of a sale to private equity firms, having seen its market capitalization fall by almost half over the last 12 months. A report by Reuters says Alteryx is working with the investment bank Qatalyst Partners LP on discussions with potential acquirers, ...
Strong earnings and revenue beats overshadow soft guidance to send Couchbase’s stock higher
Cloud database-as-a-service company Couchbase Inc. beat analysts’ expectations as its second-quarter revenue rose 8%, sending its stock about 3% higher in extended trading. The company reported a loss before certain costs such as stock compensation of 17 cents per share, coming in ahead of Wall Street’s target of a 22 cent per share loss. Revenue ...
UiPath’s earnings and revenue beats send stock higher, despite conservative forecast
Shares of UiPath Inc. ticked up more than 5% in extended trading today, as its strong second-quarter earnings and revenue beats overshadowed a light forecast for the current quarter. The company reported a loss of $60.4 million, down by almost 50% from the $120.4 million loss it reported a year earlier. Earnings before certain costs such ...
