Mike Wheatley
Latest from Mike Wheatley
Microsoft debuts 2.7B-parameter Phi-2 model that outperforms many larger language models
Microsoft Corp. has unveiled a new artificial intelligence model called Phi-2, and it demonstrates the remarkable ability to match or even exceed the performance of much larger and more established models of up to 25-times its size. Announced in a blog post today, Microsoft said Phi-2 is a 2.7 billion-parameter language model that demonstrates “state-of ...
Docker buys AtomicJar, the startup behind the popular open-source Testcontainers project
Container development software provider Docker Inc. said today it’s expanding its testing capabilities with the acquisition of a well-funded startup called AtomicJar Inc. Neither company disclosed any price, but it seems likely Docker handed over a significant amount considering that AtomicJar had raised $25 million in a Series A funding round in January, bringing its ...
Oracle’s stock slides as revenue and guidance come up short
Shares of the database giant Oracle Corp. fell more than 8% in after-hours trading today after it reported fiscal second-quarter sales and guidance for the current period that fell below Wall Street’s estimates. The company reported earnings before certain costs such as stock compensation of $1.34 per share, coming in just ahead of the $1.32-per-share ...
AI explainability startup Citrusˣ exits stealth with $4.5M in funding
Artificial intelligence validation and explainability startup Citrusˣ Ltd. is launching today armed with $4.5 million in seed funding. Citrusˣ is the creator of what it says is an easy-to-use platform that will allow all stakeholders within an organization to check that their machine learning and AI models are robust, explainable and fair. The idea is ...
EU reaches provisional agreement on landmark legislation to regulate AI
The European Union on Friday agreed to a provisional deal on new rules that govern the development and use of artificial intelligence technologies such as ChatGPT. The new EU AI Act, believed to be the world’s first major regulation governing AI, was reportedly hashed out after days of negotiations between officials from European countries. Among ...
Open-source generative AI startup Mistral AI raises $415M in funding
French generative artificial intelligence startup Mistral AI announced today it has closed on its second bumper funding round of the year, raising 385 million euros, or around $415 million, in a deal led by prominent venture capital firms Andreessen Horowitz and Lightspeed Venture Partners. The latest round is said to bring Mistral AI’s value to ...
HashiCorp beats expectations but cautious guidance sends its stock way down
Cloud infrastructure automation company HashiCorp Inc. delivered strong third-quarter financial results today that topped analysts’ expectations, with its revenue up more than 16%. But its stock plunged more than 20% after-hours on the back of somewhat disappointing guidance, which was only in line with Wall Street’s estimates. The company reported earnings before certain costs such ...
Broadcom offers weak annual forecast, citing lower enterprise spending
Shares of the chipmaker Broadcom Inc., which recently closed on its multibillion-dollar acquisition of VMware Corp., traded lower late today after the company reported results that failed to satisfy investors and offered an annual revenue forecast that came in below expectations. The company blamed weak enterprise spending and stiffer competition in the networking chips industry ...
Meta announces Purple Llama initiative to promote responsible and safe generative AI development
Meta Platforms Inc. is looking to promote the responsible development of artificial intelligence systems with a new initiative called Purple Llama. Announced today, it’s a project that Meta says will slowly make available all of the tools and evaluations the AI development community needs to build open generative AI models in a safe and responsible ...
AI software firm C3.ai delivers mixed results and soft guidance, sending its stock lower
Shares of the artificial intelligence software provider C3.ai Inc. trended down in late trading today after the company fell short of expectations in its top-line financial results. Investors’ disappointment over the mixed results was further exacerbated when the company issued guidance for the current quarter that fell shy of the Street’s forecasts. C3.ai reported a fiscal ...