Mike Wheatley
Latest from Mike Wheatley
AI server maker Super Micro’s 200% revenue growth wasn’t enough for investors as stock falls
Shares of Super Micro Computer Inc. fell more than 10% in extended trading today, after the company posted mixed financial results, beating Wall Street’s forecasts on earnings but falling short on revenue. However, the after-hours drop may well have been more about investors taking profits, rather than any long-term concerns over the company’s prospects. The ...
AMD’s stock falls after revised AI revenue outlook falls short of expectations
Investors bailed on the chipmaker Advanced Micro Devices Inc. in late trading today after the company offered a revised estimate for its fiscal 2024 data center revenue that fell short of expectations. AMD’s stock was down more than 7% in the after-hours trading session, even though it delivered to expectations in the quarter just gone. ...
Amazon’s stock inches up as cost-cutting measures and AI investment boost AWS profits
Shares of Amazon.com Inc. rose slightly today after the online retail giant delivered better-than-expected earnings, citing strong growth in the cloud and its advertising business as the main reasons for today’s beat. Amazon reported first-quarter earnings before certain costs such as stock compensation of 98 cents per share, handily beating Wall Street’s forecast of 83 ...
GRC startup LogicGate promises to accelerate safe AI deployments
Governance, risk and compliance technology startup LogicGate Inc. is looking to cater to enterprises that are concerned their new generative artificial intelligence deployments are going to get them into trouble with regulators. To assuage those concerns, today it has announced a new Risk Cloud AI Governance Solution that it says is purpose-built to help customers ...
NIST announces new initiative to create systems that can detect AI-generated content
The National Institute of Standards and Technology today announced it’s launching a new initiative called NIST GenAI aimed at assessing generative artificial intelligence models and create systems that can identify AI-created text, images and videos. The launch of the new program came as NIST revealed its first draft publications on AI risks and standards. NIST ...
Samsung delivers almost tenfold increase in profit on back of AI chip demand
Samsung Electronics Co. Ltd. said today that its operating profit increased by almost tenfold in the first quarter from the same period a year ago, driven by a strong rebound in its semiconductor business, which makes the memory chips essential for artificial intelligence workloads. The company reported revenue of 71.9 trillion won ($52.3 billion), up ...
GitHub elevates the generative AI coding experience with Copilot Workspace
Microsoft Corp.’s GitHub today announced a new generative artificial intelligence-powered development environment called Copilot Workspace, which builds on the capabilities of its original AI-powered coding tool to help reduce the time it takes to get started on new projects. Unveiled in a blog post authored by GitHub Chief Executive Thomas Dohmke, Copilot Workspace is designed ...
Commvault debuts on-demand cloud cleanrooms for cyber recovery operations
Data protection services provider Commvault Systems Inc. hastodayannounced the availability of what it says is a new kind of “cleanroom” for data recovery operations, enabling enterprises to recover compromised workloads and data from any location to a safe and secure isolated environment in the cloud. The Commvault Cloud Cleanroom Recovery service builds on the basic ...
Intel’s stock slides on weak forecast
Intel Corp. took a beating in after-hours trading today after reporting disappointing first-quarter financial results and a weak outlook that came in below most analysts’ forecasts. The chipmaker reported a net loss for the quarter of $437 million, improving on the $2.8 billion loss it recorded one year earlier. On an adjusted basis, it delivered ...
Google parent Alphabet’s stock spikes on strong cloud profits, AI demand and first cash dividend
Shares of Google LLC’s parent company Alphabet Inc. rallied in late trading today after it reported first-quarter earnings and revenue that topped analysts’ estimates, delivered strong profit from its cloud unit, and announced its first-ever dividend. The company’s stock was up more than 11% in the extended trading session, lifting its market capitalization beyond the $2 ...