Mike Wheatley
Latest from Mike Wheatley
AI-powered e-commerce accounting startup Finaloop raises $35M
Finaloop Inc., the e-commerce-oriented accounting platform, said today it has closed on $35 million in early-stage funding. Today’s Series A round was led by Lightspeed Venture Partners and saw participation from new investors Vesey Ventures and Commerce Ventures, plus new backers Accel and Aleph. It brings the startup’s total amount raised to date to $55 ...
Oracle’s APEX now supports natural language prompts to ease app development
Oracle Corp. said today it’s enhancing the capabilities of its low-code application development platform Oracle APEX, infusing it with a generative artificial intelligence-powered assistant, among other things. The update is all about simplifying and speeding up the process of application development. Using the new APEX AI assistant, developers will be able to build new apps ...
Amazon to splurge $230M on free cloud credits for generative AI startups
Amazon Web Services Inc. said today it’s giving away $230 million in AWS cloud credits to generative artificial intelligence startups, as part of its bid to remain at the forefront of a cloud computing industry that’s now laser-focused on winning over AI companies. The company will give free credits to early-stage generative AI startups, enabling ...
Zeta Labs unveils JACE, an action-oriented generative AI assistant quite unlike any other
Artificial intelligence research startup Zeta AI Inc., better known as Zeta Labs, said today it has closed on $2.9 million in pre-seed funding to accelerate the development of its autonomous generative AI agent, called JACE. Today’s round was led by Daniel Gross, former head of AI at Y Combinator, and former GitHub Inc. Chief Executive ...
Adobe’s stock jumps on AI-powered earnings and revenue beats
Shares of the creative and marketing software company Adobe Inc. jumped in late trading today on the back of strong earnings and revenue beats and a somewhat mixed outlook. The company reported second-quarter earnings before certain costs such as stock compensation of $4.48 per share on revenue of $5.31 billion, up 10% from a year ...
Luma AI’s Dream Machine expands access to generative AI video creation
Artificial intelligence startup Luma AI Inc. said today it’s making its entrance into the text-to-video generation segment of the generative AI industry with a new tool called Dream Machine. The startup says Dream Machine is a powerful new AI system that’s able to generate high-quality videos based on simple text prompts, paving the way for ...
Broadcom’s stock rises on strong AI chip sales and improved annual sales forecast
Shares of the chipmaker Broadcom Inc. trended higher today after the company reported financial results that surpassed Wall Street’s estimates. It also raised its forecast for the year and announced a 10-for-1 stock split that will come into effect next month. The company reported fiscal second-quarter earnings before certain costs such as stock compensation of $10.96 per share, ...
BlinqIO raises $5M to automate software testing using generative AI
Generative artificial intelligence software testing startup BlinqIO Inc. said today it has closed on a $5 million round of funding to get around a shortage of human test programmers. Today’s round was led by Flint Capital and saw participation from Inovia Capital’s Precede Fund I. BlinqIO has built what it says is the industry’s first AI ...
Startup Flow raises $4M to iterate on parallel processing tech that massively accelerates any CPU
Finnish startup Flow Computing Oy today revealed seemingly outlandish plans to transform the chip industry with a new Parallel Processing Unit that it says can boost the performance of any central processing unit by an incredible 100 times. The stunning claim came as the company announced $4 million in pre-seed funding from a number of ...
Construction of Intel’s new $25B chip fab in Israel grinds to a halt
Intel Corp. has reportedly paused construction work at its new $25 billion semiconductor manufacturing plant in Kiryat Gat in Israel, according to local media reports. Calcalist and several other news sites reported today that Intel has told a local infrastructure construction firm to halt work on the project indefinitely. In a statement to Reuters, Intel tacitly admitted ...