Mike Wheatley
Latest from Mike Wheatley
IBM Corp. said today it has taken a massive step forward toward its goal of delivering the world’s first fault-tolerant quantum computer by 2029, after successfully linking and cooling down the first pair of modules based on a new, highly scalable cryogenic …
Graphwise aims to become the semantic layer for AI agents after securing major investment from Oakley Capital
Graph database startup Graphwise said today it has secured a significant, though unspecified, investment from the European private equity firm Oakley Capital as it looks to beef up its go-to-market strategy and expand globally. It will also use the funds to pursue …
Healthcare software firm Weave Communications to go private after being acquired by Francisco Partners
The healthcare technology platform provider Weave Communications Inc. said today it’s going to exit the public markets after agreeing to be acquired for $650 million by the private equity firm Francisco Partners in an all-cash deal. The terms mean that shareholders will …
OpenAI falls further behind Anthropic, with disappointing revenue growth and mounting losses
OpenAI Group PBC is falling further behind its rival Anthropic PBC, if its latest financials are any indication. The artificial intelligence model maker told investors that its revenue rose 18% on a sequential basis, from the first to the second quarter, but …
Google partners with the aviation industry to prevent climate-warming contrails with AI
Google LLC today revealed it’s partnering with the U.K. government and the country’s aviation industry on a new initiative called Operation Blue Skies that aims to use artificial intelligence insights to reduce the impact of climate-warming contrails across an entire oceanic airspace. …
Hypercubic raises $5.3M to map out and rewrite legacy COBOL apps with AI agents
An artificial intelligence startup called Hypercubic Inc. is taking on the problem of modernizing legacy applications written in the COBOL programming language after raising $5.3 million in seed funding today. The round was led by CIV and saw participation from Y Combinator, …
Exclusive: Synthefy raises $6.5M for its number-crunching models trained on numerical data instead of words
A startup called Synthefy Inc. said today it’s going to for numbers what large language models did for words after raising $6.5 million in seed funding today. The funds will help to expand its new foundation-model platform that’s fine-tuned specifically for numerical …
African defense tech startup Terra Industries raises $52M
It turns out that it’s not only U.S. and European companies pushing the concept of autonomous warfare. Nigeria-based Terra Industries is a defense technology startup that develops automated security systems for governments and infrastructure operators, and it has just raised $52 million. …
Google pays $10M to get its hands on Spirit Airlines’ business data for AI training
Alphabet Inc.’s Google LLC has won an auction to acquire massive volumes of internal business data from the bankrupt airline operator Spirit Airlines Inc. for a hefty $10 million price. A report by Bloomberg says that Google outbid a number of competitors …
Palona raises $20M in funding to bring AI automation to brick-and-mortar businesses
Artificial intelligence startup Palona AI, which is building an intelligence operating layer for physical businesses, is ready to show what it can do after closing on a $20 million round of early-stage funding today. The Series A round, which included converted simple …