Mike Wheatley
Latest from Mike Wheatley
Atos confirms it’s negotiating sale of its cybersecurity business unit to Airbus
The French aerospace industry giant Airbus SE is holding talks with its compatriot information technology firm Atos SE over buying its cybersecurity business unit, and has reportedly made an offer that values the division at around 1.8 billion euros ($1.97 billion), including debt. Atos, which is facing fresh financial challenges, is revisiting its plans to ...
Energy optimization startup Lumian raises $3.2M in pre-seed funding round
Smart energy management startup Lumian Energy Inc. said today it has closed on a $3.2 million funding round led by DOMiNO Ventures and angel investor İsmail Ferhat Özlü, an energy sector expert. The company was founded by Turkish entrepreneurs Batu Balkir and Emre Biroi in April 2023, and has since moved to establish its headquarters ...
BT faces prospect of massive fine after missing cutoff date to replace Huawei-made tech
U.K. telecommunications giant BT Group Plc admitted it has missed a government deadline to move data flows away from networking equipment provided by China’s Huawei Technologies Co. Ltd., and now faces the prospect of a heavy fine. The company said in an update today that all 4G and 5G data sessions and voice calls are ...
US officials pressured ASML to cancel shipments of high-end chipmaking gear to China
Dutch chipmaking machinery supplier ASML Holding NV gave in to a request by U.S. President Joe Biden to cancel some shipments of equipment to customers in China, weeks before a new export ban goes into effect. ASML had previously obtained licenses to ship three of its most advanced ultraviolet lithography machines to China before January, ...
China’s Baidu backs out of $3.6B acquisition of livestreaming platform provider Joyy
Chinese internet giant Baidu Inc. has called off a proposed $3.6 billion acquisition of the livestreaming platform provider Joyy Inc. One of Baidu’s affiliate companies had agreed back in 2020 to acquire the Nasdaq-listed Joyy, which owns the livestreaming platform YY Live, as part of an effort to diversify its revenue away from advertising. However, ...
US Supreme Court chief justice warns against risks of AI adoption in legal circles
U.S. Supreme Court Chief Justice John Roberts urged “caution and humility” regarding the use of artificial intelligence in the legal field, in a report published Sunday, saying the technology is a “mixed blessing.” In the 13-page report, Roberts acknowledged that AI had the potential to increase access to justice for litigants, while transforming legal research ...
South Korea’s chipmaking industry sparks back into life, as shipments and production increase
The South Korean government has revealed that its chipmaking industry recorded its biggest-ever gains in both production and shipments this year. The increased momentum is one of the clearest signs yet that the global chipmaking industry is poised to bounce back from doldrums it entered in 2022 as the world reopened following the COVID-19 pandemic. ...
Nvidia launches scaled-down version of its latest gaming GPU in China
Chipmaker Nvidia Corp. has revealed that it’s now shipping a hobbled version of its latest graphics processing unit for video gamers in China, after the U.S. government announced it was tightening its restrictions on the hardware it’s allowed to sell in that country. The China-only version of the GTX 4090 D chip that’s now listed ...
Samsung partners with Red Hat to verify key data center scalability tech
Samsung Electronics Co. Ltd. said Wednesday it has achieved a key milestone after successfully verifying its Compute Express Link memory technology works as expected in a real user environment with the open-source software company Red Hat Inc. According to the chipmaker, advances in generative artificial intelligence, autonomous driving and in-memory databases mean that data center ...
Software AG invites bids for its Cumulocity and Trend Miner platforms
Privately held software company Software AG has invited interested parties to submit bids to acquire two of its software platforms, and is also exploring its options over a third one as it continues to streamline its operations. The report today comes from the German-language publication Handelsblatt, which cites sources familiar with the matter as saying ...