Mike Wheatley
Latest from Mike Wheatley
SoftBank’s shares jump as it gains $7.6 billion stock payout from T-Mobile
Shares of the prominent technology investor SoftBank Group Corp. gained more than 5% today after it revealed it would receive $7.59 billion worth of shares in the telecommunications provider T-Mobile U.S. Inc. at no additional cost. SoftBank said in a statement it had told T-Mobile U.S. to issue 48.75 million shares in common stock, after ...
MicroStrategy’s stock gains more than 350% in 2023 as it increases its exposure to bitcoin
Business intelligence software firm MicroStrategy Inc. has dramatically increased its exposure to the cryptocurrency bitcoin, pushing its stock up more than 350% over the last year. According to a report today by Reuters, MicroStrategy’s stock has risen in line with, but considerably more than, the value of bitcoin itself, which has gained more than 160% ...
Generative AI startup Anthropic reportedly on track to deliver $850M in annual revenue
Red hot artificial intelligence startup Anthropic PBC is projecting that it will now achieve an $850 million annualized revenue run rate by the end of 2024, significantly greater than an earlier forecast it made just three months ago. Back in September, the company told investors it was generating revenue at a $100 million annualized run ...
Report: Samsung to delay production at new U.S. chip fab until 2025
Samsung Electronics Co. Ltd. has reportedly put off mass production at its new chipmaking fab in Taylor, Texas, by up to six months. The delay appears to be a blow to President Joe Biden’s administration’s ambitious plans to increase domestic semiconductor manufacturing. Bloomberg cites reports in South Korean media as saying that mass production at ...
Microsoft to implement new feature to reinstall Windows without deleting any files or apps
Microsoft Corp. is reportedly integrating a built-in recovery system that will allow users to reinstall the Windows 11 operating system through Windows Update without losing their existing files. The new feature was first spotted by Windows Latest today, and will be made available through a new setting called “Fix problems using Windows Update.” According to ...
Danish researchers create an LLM that will predict when someone might die with 78% accuracy
Danish researchers have developed an artificial intelligence model that crunches sequences of key life events, such as someone’s medical history, education, job, income and marriage status, to predict anything from that person’s personality to their expected lifespan. The Life2Vec tool was developed by researchers at Danmarks Tekniske Universitet, and is based on a transformer model ...
Apple quietly launched an open-source multimodal LLM called Ferret
Artificial intelligence researchers from Apple Inc. and Cornell University quietly unveiled an open-source and multimodal large language model last October known as Ferret, which is said to use parts of images as queries. According to VentureBeat, the release of Ferret on GitHub in October went completely under the radar, with no announcement being made. However, ...
OpenAI reportedly discussing new funding round that would raise its value to over $100B
Microsoft-backed artificial intelligence startup OpenAI, the creator of ChatGPT, is reportedly holding discussions with investors over a fresh round of funding that would value it at or above $100 billion — cementing OpenAI’s status as one of the world’s most valuable startups. A report from Bloomberg late Friday cited people with knowledge of the matter ...
Apple suspends sales of Watch Series 9 and Ultra 2 models as export ban looms
Apple Inc. has pulled the plug on sales of its latest Apple Watch Series 9 and Apple Watch Ultra 2 models via its online store in the U.S., and it will soon stop selling them at its physical stores too. The decision to suspend sales of the products comes ahead of an imminent export ban ...
After adding new investors, enterprise software company Visma’s value rises to $21B
The enterprise-focused software-as-a-service company Visma AS has been valued at 19 billion euros (about $21 billion) after bringing in fresh capital from new and existing investors to help fund its international expansion. Reuters reported that about 20 new investors, including Altaroc, Jane Street and NYV Retirement System, are injecting more than 1 billion euros into ...