Mike Wheatley
Latest from Mike Wheatley
Samsung records lowest annual profit in more than 15 years
Shares of Samsung Electronics Co. Ltd. were trading lower late today after the company delivered its weakest annual earnings in more than a decade, with its operating profit falling by 3% from a year earlier. The company reported fourth-quarter revenue of 67.8 trillion won (about $51 billion), down 4% from a year earlier and just ...
Light guidance weighs heavily on AMD, sending its stock lower
Shares of the chipmaker Advanced Micro Devices Inc. traded lower in late trading today after the company slightly disappointing fourth-quarter earnings results and offered a forecast that came up light. The company’s stock fell more than 6% in the extended trading session, as investors ignored a positive update regarding the early adoption of its newest ...
Alphabet’s stock falls as advertising revenue falls short of Wall Street’s targets
Shares of Alphabet Inc. fell more than 5% in after-hours trading today after it reported a solid fourth-quarter earnings beat but missed expectations on advertising revenue. The company reported its fastest quarter in terms of revenue growth since early 2022, with sales rising by 13% from a year earlier, to $86.31 billion. Earnings before certain ...
SAP announces new migration program to help ERP customers embrace the cloud
Information technology software giant SAP SE said today it’s launching a new RISE with SAP Migration and Modernization program to help companies move their enterprise resource planning environments to the cloud, where they can benefit from an increased pace and level of innovation. The new program is aimed at addressing two of the key issues companies ...
Super Micro’s stock pops on monster earnings and revenue outlook
Shares of the computer server maker Super Micro Computer Inc. rallied in late trading today after the company beat Wall Street’s targets with its second-quarter financial results and followed up with a stunning forecast that blew analysts’ targets out of the water. The company reported net income for the quarter of $296 million, up from a ...
Meta releases more powerful Code Llama 70B model for writing software
Meta Platforms Inc. today announced a new and enhanced version of its code-generating artificial intelligence model, Code Llama, which comes with increased processing power, greater accuracy and support for specific programming languages, such as Python, C++, Java and PHP. Code Llama 70B is a derivative of Meta’s open-source Llama 2 large language model specifically designed to create ...
Italian data protection regulator accuses OpenAI of violating GDPR rules
Italy’s data protection authority has OpenAI’s ChatGPT lined up in its sights: After briefly banning the service from being used last year because of alleged privacy violations, the Garante today formally filed charges against the artificial intelligence developer. According to TechCrunch, the Garante hasn’t publicly disclosed the exact nature of the claims being made against OpenAI. What ...
OpenAI offers new embedding models, updates GPT-4 and GPT-3.5, and lowers API access cost
Artificial intelligence pioneer OpenAI today announced it is launching a new generation of embedding models that have the ability to convert text inputs into a numerical form for use in various machine learning applications. That came as the company also unveiled new versions of its GPT-4 Turbo and moderation models, lower pricing for GPT-3.5 Turbo, ...
Intel’s stock tanks on lower sales forecast
Shares of Intel Corp. fell more than 10% in the after-hours session today after the company provided an outlook for its fiscal 2024 first quarter that trailed Wall Street’s expectations. The lower guidance overshadowed a solid earnings beat, with the chipmaker posting earnings and revenue that easily surpassed the Street’s forecasts. Update: The shares fell ...
MLCommons aims to become the gold standard for measuring AI performance on PCs
MLCommons, the nonprofit entity that’s best known for its artificial intelligence performance benchmarks, said today it is forming a new MLPerf Client working group. The aim of the group is to establish benchmarks to measure the capabilities of desktops, laptops and workstations that run AI workloads locally. The new client AI benchmarks will help to answer ...