Mike Wheatley
Latest from Mike Wheatley
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 ...
Box snaps up enterprise content management startup Crooze
Cloud content management company Box Inc. said today it has acquired the document automation and content services startup Crooze Corp. in order to offer its customers more tools for managing enterprise documents. Box revealed the acquisition of Crooze, which was co-founded by former OpenText executives Alan Monier and Mark Lane, in a blog post authored ...
ServiceNow beats guidance on all metrics as generative AI powers strong growth
Workflow software company ServiceNow Inc. posted stellar fourth-quarter results today, while its guidance for the first quarter and full year came in well ahead of estimates. Officials said the strong results were driven at least partly by the company’s aggressive rollout of artificial intelligence capabilities within its core software offerings. ServiceNow Chairman and Chief Executive ...
Prompt Security raises $5M to ensure LLMs don’t give up corporate secrets
Enterprise-focused generative artificial intelligence security startup Prompt Security Inc. said today it’s launching with $5 million in seed funding. The round was led by Hetz Ventures and saw participation from Four Rivers, plus prominent angel investors such as the chief information security officers of Airbnb Inc., Elastic N.V. and Dolby Laboratories Inc. The startup has ...
SnapLogic announces no-code generative AI application builder that any employee can use
Data integration and automation company SnapLogic Inc. said today it’s launching GenAI Builder, which it claims is the world’s first no-code generative artificial intelligence application development platform for enterprise applications. Available now in preview through the SnapLabs early access program, GenAI Builder is said to be unique in that it’s compatible with legacy mainframe data, ...
SAP announces major restructuring plan affecting 8,000 jobs
Germany-based enterprise software giant SAP SE said Tuesday it plans to restructure as many as 8,000 roles as part of a wider effort to focus on growth in artificial intelligence-driven business areas. The SAP layoffs in 2024 mark a significant shift in the company’s direction. The restructuring would be implemented mainly through voluntary leave programs ...
AiDash, which uses AI and satellite to prevent weather-related power cuts, raises $50M
Climate tech startup AiDash Inc., which uses a combination of artificial intelligence models and satellites to identify fire and weather risks that may affect power lines, said Tuesday it has closed on a $50 million funding round. The company said the funding reflects a strong desire in Silicon Valley to create new products that can ...
AI monitoring startup Arthur adds support for AI-powered recommendation systems
Artificial intelligence performance startup ArthurAI Inc., said today it’s adding a powerful new tool to its suite of AI monitoring services. The new Recommender System Support tool is designed to help companies ensure their AI systems are safely deployed and managed well, in order to improve the accuracy of AI-powered recommendation engines. The startup explains ...