Mike Wheatley
Latest from Mike Wheatley
Waymo updates its fleet of driverless robotaxis to prevent future power outage chaos
Autonomous car company Waymo LLC is updating its fleet of robotaxis following a massive power outage in San Francisco that brought its vehicles to a standstill at intersections across the city. The company says the update will ensure Waymo’s self-driving cars are better able to recognize and respond to large-scale power outages. That way, they ...
TiKTok parent ByteDance to beef up AI infrastructure spending to $23B next year
TikTok’s parent company ByteDance Ltd. has revealed plans to jack up its already heavy spending on artificial intelligence infrastructure next year as it races to catch up with U.S. technology giants, according to a report in the Financial Times. Tuesday’s report, which cites two people familiar with the company’s plans, said it’s expected to increase ...
Kargo closes on $42M funding round to automate loading dock and warehouse operations
Freight shipping artificial intelligence startup Kargo Inc. said Tuesday it has closed on $42 million in new funding in order to scale up deployments of its smart loading dock and warehouse technology. The Series B round was led by Avenir and saw participation from a host of other backers, including Linse Capital, Hearst Ventures, Lightbank, ...
Samsung’s Harman to acquire ZF’s advanced driver-assistance systems business for $1.76B
Samsung Electronics Co. Ltd. today announced it’s planning to acquire ZF Friedrichshafen AG’s advanced driver-assistance systems business in a deal valued at €1.5 billion ($1.76 billion). The South Korean electronics giant said its automotive component and audio subsidiary Harman International will take over ZF’s ADAS business in order to “deliver safer, more intelligent and more ...
Nvidia hopes to ship first H200 GPUs to China by February, report claims
Nvidia Corp. has told Chinese companies that it’s hoping to be able to ship its first H200 graphics processing units to the country by the middle of February, according to a report today by Reuters. The report cited two people familiar with the chipmaker’s dealings as saying that the first shipment will amount to between ...
Report: SoftBank scrambles to find $22.5B for OpenAI before the end of the year
SoftBank Group Corp. needs to come up with $22.5 billion by the end of the year to make good on a commitment to its artificial intelligence partner OpenAI Group PBC. Reuters said in an exclusive report today that SoftBank Chief Executive Masayoshi Son has a number of levers he can pull in order to get the ...
Instacart shuts down dynamic AI pricing experiments following scrutiny of its tests
Instacart operator Maplebear Inc. said today it’s going to cancel a controversial experiment that used artificial intelligence to show different prices for different products to some consumers. The company said in a blog post that retailers will no longer be given access to its Eversight technology, which allowed them to use AI algorithms to experiment ...
Waymo’s robotaxis lose their way as San Francisco traffic lights go blank
Robotaxis operated by Google’s Waymo LLC came to an abrupt halt across San Francisco on Saturday evening after a power outage uncovered a major flaw in the way the autonomous vehicles navigate. The outage was first reported by CNBC and left more than 130,000 homes without power while knocking out traffic lights at major intersections ...
Report: AI chipmaker Cerebras Systems rekindles IPO plans, targeting early 2026 listing
Artificial intelligence chipmaker Cerebras Systems Inc. has not given up on its ambitions to go public, and could be preparing to file the paperwork for its U.S. initial public offering as early as this week, according to a report by Reuters late Friday. The chipmaker, which develops high-performance silicon for AI training and inference, is ...
Investing analytics software maker Clearwater agrees to be taken private in $8.4B deal
The investment and accounting software firm Clearwater Analytics Holdings Inc. said today it will be taken private by the private equity firms Permira Holdings Ltd. and Warburg Pincus LLC in a deal valued at $8.4 billion. The private equity firms said they have agreed to buy Clearwater at a price of $24.55 per share in cash, ...