Mike Wheatley
Latest from Mike Wheatley
Strong earnings, positive guidance sends Informatica’s stock sky-high in extended trading
Shares of the enterprise data management firm Informatica LLC made big gains in extended trading today after it reported strong fourth-quarter results and provided positive guidance for the current quarter and full year. The company’s stock had already risen by more than 2% prior to the report, before shooting up by another 18% after-hours. In ...
Cisco to lay off 5% of its global workforce as stock slides on weak guidance
Cisco Systems Inc. beat Wall Street’s expectations today as it delivered its second-quarter earnings report, but its stock fell in extended trading after it offered light guidance and revealed plans to lay off 5% of its staff, or about 4,250 workers. The company reported earnings before certain costs such as stock compensation of 87 cents ...
Conversational AI startup Rasa Technologies raises $30M to combine LLMs with traditional chatbots
Conversational artificial intelligence startup Rasa Technologies Inc. said today it has closed on a new $30 million funding round, bringing its total amount raised to date to more than $70 million. The Series C round was co-led by StepStone Group and PayPal Ventures, and saw follow-on participation from Andreessen Horowitz, Accell and Basis Set Ventures. ...
Slack Enterprise users gain generative AI-based search and summarization capabilities
Salesforce Inc. said today it’s building on the generative artificial intelligence capabilities within its Slack messaging and collaboration platform. The company has just announced the availability of a paid add-on called Slack AI, which makes it easier for users to tap into the collective knowledge stored within user’s conversations and threads. Slack says it provides a ...
With Nvidia’s Chat with RTX, users can create personalized chatbots that run locally on PCs
Nvidia Corp. is pioneering yet another innovation in artificial intelligence with the launch of a new feature called Chat with RTX, which gives users the ability to create their own personal AI assistant that resides on their laptop or personal computer, rather than in the cloud. The company announced Chat with RTX as a free ...
OpenAI gives ChatGPT ability to remember past interactions with users
OpenAI today announced that it’s giving ChatGPT and other GPT-4-based models a memory feature, which will enable it to remember information from its previous conversions with users. The idea is that, by remembering past interactions, ChatGPT will be better able to avoid repetition, enhancing the overall quality of its conversations. The company said it’s planning to ...
Akamai boosts profitability but misses earnings forecasts and offers light guidance, sending stock lower
Akamai Technologies Inc. posted mixed fourth-quarter results today, beating the Street’s forecasts on earnings but missing on revenue, with cloud computing and security growth offset by a decline in its legacy content delivery network business. Guidance for the coming quarter came up light, too. The company also announced a new effort called Gecko that sees ...
Akamai’s Gecko initiative deploys compute at the edge to create world’s most distributed cloud platform
The developer-focused cloud computing firm Akamai Technologies Inc. has announced ambitious plans to embed a range of cloud computing services within its sprawling edge content delivery network. Announced today, Akamai’s Generalized Edge Compute or Gecko initiative is about helping companies deliver better experiences by moving their workloads closer to end users. The launch of Gecko is another ...
Teradata’s stock tumbles on flat revenue and soft guidance
Teradata Corp. beat analysts’ forecasts on earnings and revenue as it delivered its fiscal 2023 fourth-quarter results today, but its guidance for the coming quarter fell short of expectations, and its stock fell more than 14% late trading. The company reported earnings before certain costs such as stock compensation of 56 cents per share, surpassing ...
Arista delivers earnings in line with forecasts, but stock dips after-hours
Arista Networks Inc. delivered fourth-quarter results that were more or less in line with Wall Street’s projections, though its revenue forecast for the current period came in ahead of analysts’ estimates. The company reported net income of $613.6 million, rising from a profit of $427.1 million in the same period one year ago. Earnings before certain ...