Mike Wheatley
Latest from Mike Wheatley
Salesforce beats expectations as it doubles down on AI agents, but investors are still worried
Salesforce Inc. clocked up its highest-ever quarterly revenue as it delivered its latest financial results, beating expectations, but its revenue guidance for the new fiscal year trailed Wall Street’s projections. The customer relationship management software giant crushed Wall Street’s expectations, delivering fourth-quarter earnings before certain costs such as stock compensation of $3.81 per share, well ...
Nvidia tops Wall Street’s expectations again as data center revenue surges 75%, but stock sags
Updated with Thursday’s stock price: Nvidia Corp. sailed past analysts’ earnings expectations again as revenue in its core data center business jumped more than 75% from a year earlier, sending its stock higher in after-hours trading — but the next day investors were less impressed, as its stock headed down more than 4% in middday ...
HP’s stock falls after management tempers full-year expectations amid soaring memory costs
Personal computer maker HP Inc. delivered solid fiscal first-quarter results that came in ahead of expectations today, but its stock was dropping in late trading after it provided a disappointing update on its full-year outlook. The company reported first-quarter earnings before certain costs such as stock compensation of 81 cents per share on sales of ...
Workday’s stock slumps again on weak guidance and AI disruption fears
Shares of Workday Inc. got hammered in late trading today after the company offered weak guidance for the current quarter. It was the worst possible news for investors amid growing concerns over the existential threat it faces from the rise of artificial intelligence. And it happened even as the company delivered solid results for the ...
Even as Anthropic moves deeper into enterprise, it hits a wall at DOW
U.S. Department of War Secretary Pete Hegseth met with Anthropic PBC Chief Executive Dario Amodei in Washington D.C. today, where he delivered a stark warning – either remove restrictions on how the military uses the company’s Claude AI chatbot, or face severe consequences. Hegseth reportedly told Amodei (pictured) that the Pentagon may effectively blacklist his ...
Amazon’s new AI video transformation tool optimizes live broadcasts for vertical screens in real time
Amazon Web Services Inc. is trying to carve out a niche for itself in social media livestreaming with the launch of a new service called AWS Elemental Inference — essentially a kind of AI agent that automatically transforms video footage and optimizes it for viewing on vertical displays in real time. The company said the ...
Red Hat readies its metal-to-agent AI infrastructure stack for hybrid cloud deployments
Red Hat Inc. said today it’s gearing up its artificial intelligence ambitions with the launch of a new platform called Red Hat AI Enterprise that’s meant to make it easier to deploy and manage models, AI agents and applications in hybrid cloud environments. It debuts alongside the latest version of Red Hat AI and a ...
SambaNova steps up its challenge to Nvidia with new chip, $350M funding and a powerful ally in Intel
Chipmaker SambaNova Systems Inc. unveiled its most advanced artificial intelligence processor today as it closed on a bumper $350 million late-stage round of funding from Vista Equity Partners, Cambium Capital and others. Alongside the funding, SambaNova said it’s going to collaborate with Intel Corp. on the development of new, high-performance and cost-effective systems for AI ...
OpenAI allies with 4 big consulting giants as the agentic enterprise battle heats up
OpenAI Group PBC said today it’s partnering with four of the world’s biggest technology consulting firms in an effort to help more enterprises adopt artificial intelligence agents. The ChatGPT maker has created an initiative it’s calling “Frontier Alliances” in collaboration with Accenture Plc., Boston Consulting Group Inc., Capgemini SE and McKinsey & Co.. They’re going ...
Anthropic slams Chinese AI firms for harvesting data from its Claude chatbot
Anthropic PBC is claiming that three Chinese artificial intelligence companies are illegally harvesting massive amounts of data from its chatbot Claude in an effort to accelerate the development of their own platforms. In a blog post today, Anthropic called out DeepSeek Ltd., Moonshot and MiniMax, three of China’s most prominent AI firms, accusing them of creating ...