Mike Wheatley
Latest from Mike Wheatley
Flock Group Inc., a startup that uses artificial intelligence technologies to try and improve safety on public roads, says it’s partnering with the traffic analytics software company Midwestern Software Solutions LCC, better known as MS2, to help authorities collect more precise data …
Microsoft reveals plan to spend $80B building AI data centers in fiscal 2025
Microsoft Corp. has revealed plans to invest more than $80 billion in the construction of data centers for artificial intelligence workloads during its current fiscal year, part of an effort to cement its status as a leader in the fast-growing industry. The …
Digital identity verification startup Ver.ID raises €2M to help Euro firms adhere to eIDAS 2.0
Digital identity verification startup Ver.ID, officially known as Subst.id B.V., said today it has closed on a small, €2 million ($2.05 million) funding round. The money, which comes exclusively from angel investors, will enable the startup to help European companies adhere to …
Thomson Reuters snaps up AI-powered tax automation startup SafeSend for $600M
The global media organization and technology services provider Thomson Reuters Corp. said today it has acquired the tax automation software company SafeSend in a $600 million all-cash deal. Michigan-based SafeSend, officially known as cPaperless LLC, was founded in 2008. It built a …
Appeals court ruling kills off efforts to restore FCC net neutrality rules
A U.S. appeals court today ruled the Federal Communications Commission does not have the legal authority to reinstate landmark net neutrality rules first implemented by former President Barack Obama. The ruling ends a decade-plus-long effort by Democrats to gain more oversight over …
Meta plans to flood social media with AI-generated users and content
Meta Platforms Inc. plans to flood Facebook and other social media platforms with artificial intelligence-powered user profiles, one of its top executives has said. Over the last year, Meta has been developing and promoting various new AI tools across Facebook, Instagram and other …
Encode and the ‘godfather of AI’ join Elon Musk’s bid to block OpenAI’s for-profit switch
Encode, a nonprofit organization that co-sponsored California’s failed SB 1047 AI safety legislation, is joining forces with Elon Musk to oppose OpenAI’s plan to repivot as a fully for-profit company. The youth-led advocacy group that represents people in dozens of countries said …
TikTok parent ByteDance plans to spend $7B on cloud-based GPUs this year to fuel its AI ambitions
TikTok’s parent company ByteDance Ltd. reportedly has a plan to get around tough U.S. restrictions on the export of advanced computer chips to China. The company is said to be planning to spend a whopping $7 billion on Nvidia Corp.’s most powerful …
Alibaba Cloud announces aggressive LLM price cuts in bid to dominate China’s AI market
Alibaba Cloud said Tuesday that it’s slashing the price of access to its most advanced large language models by up to 85% in a bid to generate more interest from Chinese businesses. The move was announced via WeChat and first reported by …
Employer.com acquires troubled bookkeeping startup Bench, ending chaos for customers
Just days after shocking and angering some customers over the manner of its sudden shutdown, the accounting software startup Bench Accounting Inc. says it’s now being acquired by Employer.com Inc. The acquisition was announced in blog posts on both companies’ websites today, with Bench …