Mike Wheatley
Latest from Mike Wheatley
Generative AI drives strong revenue growth for ServiceNow, but light guidance weighs on stock
Enterprise workflow software provider ServiceNow Inc. beat analysts’ expectations as it delivered its first-quarter financial results today, but its stock was trading lower after-hours following a tepid forecast that only matched Wall Street’s guidance. The company reported earnings before certain costs such as stock compensation of $3.41 per share, beating the consensus estimate of $3.14 ...
Meta delivers strong earnings, but weak guidance and heavy AI spending prompt investors to bail
Shares of Meta Platforms Inc. traded down more than 16% after-hours today following strong first-quarter earnings results that were overshadowed by light guidance. The company reported earnings before certain costs such as stock compensation of $4.71 per share, beating Wall Street’s forecast of $4.32 per share by a comfortable margin. Revenue rose 27% from a ...
Datorios enhances data streaming visibility to support more reliable real-time AI systems
Streaming data observability startup Datorios Ltd. today announced the immediate availability of a new real-time observability platform for the big-data processing framework Apache Flink. With the new platform, companies will benefit from what the startup claims are previously unseen insights relating to streaming data processing. These insights can aid in the creation of new, real-time ...
WhyLabs enhances real-time generative AI monitoring to forestall inaccurate and toxic outputs
Artificial intelligence observability startup WhyLabs Inc. said today it’s debuting a new kind of AI operations platform that provides companies with real-time control over their AI-powered applications. It’s called the AI Control Center, and it’s designed to reassure users about the performance of their AI applications amid rising concerns over the security and reliability of ...
Snowflake is taking on OpenAI, Google, Meta and others with its open-source Arctic AI model
Cloud data warehouse heavyweight Snowflake Inc. is looking to make its presence felt in the generative artificial intelligence arena with the debut of its own, open-source large language model, designed to compete with the likes of OpenAI’s GPT-4, Google LLC’s Gemini, Meta Platforms Inc.’s Llama 2 and Mistral AI’s Mixtral. The company claims Snowflake Arctic ...
FTC bans noncompete clauses that prevent US workers from changing jobs
The U.S Federal Trade Commission today announced that it’s banning companies from enforcing noncompete clauses in their employees’ contracts, meaning that anyone previously bound by one will be free to join competing firms. In a ruling, the FTC said the ban covers the vast majority of existing noncompete clauses. “In the final rule, the Commission has determined ...
OpenAI enhances security, control and cost management for enterprise API users
OpenAI today announced a host of new features for enterprise users, with new tools that aim to enhance administrative control and security, improvements to its Assistants API and additional options for cost management. The company said the new features will be useful for both large enterprises and any developers who are hoping to scale their ...
Amazon grounds Prime Air drone deliveries in California, shifts focus to new markets
Amazon.com Inc. has revealed that it’s winding down its drone delivery services in Lockeford, California, but that doesn’t mean it’s giving up on the idea just yet, as it will soon launch a new Prime Air location in Tolleson, Arizona, and continue to operate deliveries in other locations. Amazon Prime Air is an experimental service ...
Shares of SAP rise as AI fuels cloud transition plans
Shares of the enterprise software giant SAP SE were moving higher in extended trading today after the company posted mixed first-quarter earnings results. The Germany-based firm reported total sales for the March quarter of €8.04 billion ($8.57 billion), up 8% from a year earlier and just above Wall Street’s consensus estimate of €8.02 billion. Earnings ...
Fullstory’s new platform enables harnessing customer behavioral data as a standalone source
Data analytics startup Fullstory Inc. says it wants to enhance the capabilities of artificial intelligence applications by providing them with the behavioral data they need to understand customer’s sentiments properly. To do this, it has announced a new platform called Data Direct, which automates the collection, synchronization and cleaning of structured, AI-ready behavioral data that ...