Mike Wheatley
Latest from Mike Wheatley
Confluent’s stock jumps more than 21% after it beats forecasts and provides upbeat outlook
Confluent Inc.‘s stock shot up more than 21% in extended trading after the big-data company reported strong fourth-quarter financial results that blew past Wall Street’s projections and followed up with a bullish forecast for the current quarter. Officials also said they’re expecting the company to break even for the first time in the new fiscal ...
Arm’s stock gains more than 25% on strong earnings beat and bullish guidance
Shares of Arm Holdings Plc surged in after-hours trading, gaining more than 40% at one point as the company beat Wall Street’s estimates and offered a robust outlook for the current quarter in its first earnings report since going public again. The company reported net income for the third quarter of $87 million, down from ...
Supply chain management startup Sensos raises $22M in funding
Supply chain management startup SensosLabz.io Ltd. said today it has closed on a $20 million early-stage funding round led by Magenta Venture Partners in order to build out its platform and expand its go-to-market efforts. Investors that included JAL Ventures, Israel Cargo Logistics and Sumitomo Corp. also participated in the Series A round. The startup, ...
Freshworks beats expectations again as generative AI fuels large customer acquisition
Customer service and support software company Freshworks Inc. delivered impressive fourth-quarter financial results today, attributing the strong performance to its adoption of new artificial intelligence features baked into several of its main applications. The company reported earnings before certain costs such as stock compensation of eight cents per share on revenue of $160.1 million, up ...
SaaS visibility startup dataroomHQ launches with $3.5M in funding
DataroomHQ Inc., a startup that offers an artificial intelligence-powered operational metrics platform for software-as-a-service companies, said today it’s ready for prime time after closing on a strategic $3.5 million funding round. Today’s round was led by Oceans and Bling Capital, with participation by Garuda Ventures, Cortical Ventures and others. The startup has created a data-based ...
Colossyan raises $22M to grow its AI-powered corporate training video production platform
Generative artificial intelligence video-based corporate training startup Colossyan Inc. said today it has closed on a $22 million round of funding. The investment was led by Lakestar and saw participation from Launchub, lead investor of the company’s $5 million seed funding round that closed a year ago. Existing investors Day One Capital and Emerge Education ...
NXP barely maintains growth as it beats the Street’s forecasts on earnings and revenue
NXP Semiconductor N.V. posted strong fourth-quarter earnings results today, beating Wall Street’s projections on earnings and revenue. The beat was enough to send the company’s stock higher in extended trading, with investors remaining bullish on its prospects even as it offered mixed guidance for the current quarter. The chipmaker reported earnings before certain costs such ...
MIT researchers use neural networks to design more durable and flexible composite materials
Researchers at the Massachusetts Institute of Technology’s Computer Science and Artificial Intelligence Laboratory have created a new, AI-powered system for designing more durable microstructured composite materials for use in vehicle manufacturing. In a blog post today, MIT CSAIL Ph.D. student Beichen Li, who led research on the project, said the new system integrates physical experiments, ...
Scammers used deepfake CFO on video call to trick company employee into sending them $25M
Scammers who used artificial intelligence-powered “deepfakes” to pose as a multinational company’s chief financial officer in a video call were able to trick an employee into sending them more than $25 million, CNN reported. The finance worker was duped into making a video call with the purported CFO and several other senior executives at the ...
Meta’s operating profit triples as it smashes forecasts, sending its stock up 20%
Updated with Friday stock price: A solid earnings and revenue beat from Meta Platforms Inc. today catapulted the social networking company’s stock 20% higher in trading Friday, adding more than $200 billion to its market capitalization. The strong results were backed by optimistic guidance for the quarter ahead. In addition, Meta announced that it will ...