Mike Wheatley
Latest from Mike Wheatley
AI chip startup Cerebras Systems announces pioneering simulation of computational fluid dynamics
High-performance artificial intelligence computing startup Cerebras Systems Inc. announced a key milestone today, saying it has carried out the first-ever simulation of a high-resolution convection workload at near real-time rates. The simulation was performed using the WSE Field-equation application programming interface, or WFA, that was developed by the U.S. Department of Energy’s National Energy Technology ...
Oracle and Microsoft to spend billions to expand cloud footprint in Saudi Arabia
Oracle Corp. today revealed it’s planning to invest $1.5 billion in Saudi Arabia over the next few years as it strives to build out its cloud data center infrastructure in the country, including a third public cloud region in Riyadh, the capital. Meanwhile, Microsoft Corp. today also committed to making additional investments in Saudi Arabia. The ...
Cohere, a generative AI startup that rivals ChatGPT, in talks over large funding round
Startup Cohere Inc. has become the latest name in the red-hot area of artificial intelligence to attract the attention of investors. It’s reportedly holding talks with potential backers about a funding round that could see it raise hundreds of millions of dollars and bring its value to more than $6 billion, Reuters said today. The ...
Onehouse raises $25M as it targets data interoperability with new Onetable offering
Managed data lakehouse company Onehouse said today it’s adding a new feature to its platform called Onetable that advances its vision of easier, cheaper and faster data lakes. The news came as it announced that it had raised $25 million in a Series A round of funding led by Addition and Greylock Partners, which previously ...
Revenue miss and weak guidance send Qualcomm’s stock down
Shares of Qualcomm Inc. fell in extended trading today after the smartphone chipmaker delivered lower-than-expected fiscal first-quarter revenue and offered weak guidance for the coming quarter. The company reported earnings before certain costs such as stock compensation of $2.37 per share on revenue of $9.46 billion, down 12% from a year earlier. Net income for the ...
Apple’s stock falls on first earnings and revenue miss in years
Apple Inc. disappointed investors today as it delivered its fiscal 2023 first-quarter results, missing expectations on revenue, profit and sales for many of its key business lines and sending its stock down in extended trading. Apple’s total sales fell 5.5% from a year earlier, the first time its quarterly revenue has declined since 2019. The company ...
Supply chain visibility platform Craft raises $32M in Series B funding
Enterprise supply chain intelligence startup Craft Co. said today it has closed on a $32 million equity financing round led by BAM Elevate, the venture capital arm of Balyasny Asset Management LLC. The Series B round included participation from a host of other backers, including Greycroft, Uncork Capital, High Alpha, ServiceNow Ventures, Point Field Partners, ...
Web development startup Netlify acquires rival Gatsby
Front-end web development platform startup Netlify Inc. said today it has acquired a rival company called Gatsby Inc., the creator of the open-source GatsbyJS framework, for an undisclosed fee. Although Gatsby managed to raise a total of $46.8 million in funding, the company struggled to achieve the same traction as Netlify, or another competitor, Vercel ...
Meta announces huge share buyback and efficiency plans and its stock soars
Shares of Facebook and Instagram parent Meta Platforms Inc. soared in extended trading today as the company revealed the impact of recent cost-cutting measures it has implemented. It also guided for higher revenue in the coming quarter than what analysts had forecast, while promising more share buybacks and further improvements in operational efficiency. Meta reported ...
HYCU’s new R-Cloud brings simple, cloud-based data protection to SaaS app providers
The cloud-based data backup and recovery-as-a-service provider HYCU Inc. said today it’s making it easier for software-as-a-service companies and independent software vendors to deliver data protection to their customers. The company has just announced the availability of R-Cloud, which it says is the world’s first low-code development platform for protecting SaaS-based critical applications. With the ...
