Mike Wheatley
Latest from Mike Wheatley
Piramidal Inc. stepped into the limelight today, announcing that it has filled its war chest with $6 million in seed funding to tackle the intricacies of brainwave analysis using a specially developed foundational artificial intelligence model. Today’s round was led by Y …
IT infrastructure monitoring startup Grafana Labs raises $270M at $6B valuation
Infrastructure monitoring startup Grafana Labs said today it has raised a bumper $270 million via two separate funding transactions, as it looks to solidify its status as a leader in the observability industry. Today’s round is said to have involved all of the …
OpenAI agrees content licensing deal with Condé Nast to feed SearchGPT and ChatGPT
OpenAI said today it has struck a deal with Condé Nast, a subsidiary of Advance Publications Inc. so artificial intelligence tools such as ChatGPT and SearchGPT will be able to access and display content from publications that include The New Yorker, Vogue, …
BeyondMath raises $8M to transform engineering and design with AI trained on world’s knowledge of physics
Artificial intelligence startup BeyondMath Ltd. said today it has raised $8.5 million in a seed funding round to train its foundational large language models on physics equations, as part of its mission to transform engineering processes through more advanced simulations. Today’s round …
Environmentalists sound alarm over Virginia’s data centers as water consumption skyrockets
Concerns are being raised over the environmental impact of Virginia’s data centers after a report revealed they have increased their water consumption by almost two-thirds in the last five years. With the rapid adoption of artificial intelligence, there are fears that the …
Goodfire AI raises $7M to demystify AI systems using mechanistic interpretability techniques
Goodfire AI, a public benefit corporation and research lab that’s trying to demystify the world of generative artificial intelligence, said today it has closed on $7 million in seed funding to help it develop tools for debugging AI systems. Today’s round was …
Hermes 3, a super-creative version of open-source Llama 3.1 AI model, even struggles with inner conflict
Artificial intelligence startups Lambda Inc. and Nous Research today announced the launch of a new large language model called Hermes 3, which it says is a “personalized, unrestricted” version of Meta Platforms Inc.’s open-source Llama 3.1 model. The largest 405 billion parameter …
Applied Materials delivers record third-quarter sales as AI fuels chip demand
Semiconductor industry equipment maker Applied Materials Inc. posted higher-than-expected fiscal third-quarter revenue and profit today, driven by demand from artificial intelligence chipmakers. The company reported earnings before certain costs such as stock compensation of $2.12 per share, beating the analysts’ forecast of $2.03 …
Autonomous factory firm Hadrian buys Datum Source to cater to defense industry startups
Hadrian Automation Inc., a startup that operates autonomous factories for the defense and space industries, said today it has acquired the procurement software firm Datum Source Inc., whose platform uses artificial intelligence to connect startups with specialist manufacturing partners. The acquisition is being …
Cisco reveals plan to cut thousands of jobs as it beats earnings forecast
Shares of Cisco Systems Inc. rose in extended trading today after the networking company said it’s cutting 7% of its global workforce and reported quarterly financial results that topped analysts’ estimates. The layoffs, which are the company’s second round of job cuts this …