Mike Wheatley
Latest from Mike Wheatley
Open-source generative AI startup Mistral AI raises $415M in funding
French generative artificial intelligence startup Mistral AI announced today it has closed on its second bumper funding round of the year, raising 385 million euros, or around $415 million, in a deal led by prominent venture capital firms Andreessen Horowitz and Lightspeed Venture Partners. The latest round is said to bring Mistral AI’s value to ...
HashiCorp beats expectations but cautious guidance sends its stock way down
Cloud infrastructure automation company HashiCorp Inc. delivered strong third-quarter financial results today that topped analysts’ expectations, with its revenue up more than 16%. But its stock plunged more than 20% after-hours on the back of somewhat disappointing guidance, which was only in line with Wall Street’s estimates. The company reported earnings before certain costs such ...
Broadcom offers weak annual forecast, citing lower enterprise spending
Shares of the chipmaker Broadcom Inc., which recently closed on its multibillion-dollar acquisition of VMware Corp., traded lower late today after the company reported results that failed to satisfy investors and offered an annual revenue forecast that came in below expectations. The company blamed weak enterprise spending and stiffer competition in the networking chips industry ...
Meta announces Purple Llama initiative to promote responsible and safe generative AI development
Meta Platforms Inc. is looking to promote the responsible development of artificial intelligence systems with a new initiative called Purple Llama. Announced today, it’s a project that Meta says will slowly make available all of the tools and evaluations the AI development community needs to build open generative AI models in a safe and responsible ...
AI software firm C3.ai delivers mixed results and soft guidance, sending its stock lower
Shares of the artificial intelligence software provider C3.ai Inc. trended down in late trading today after the company fell short of expectations in its top-line financial results. Investors’ disappointment over the mixed results was further exacerbated when the company issued guidance for the current quarter that fell shy of the Street’s forecasts. C3.ai reported a fiscal ...
Couchbase posts strong earnings and revenue beat, but investors are unimpressed
Cloud database company Couchbase Inc. delivered another solid earnings and revenue beat today, and its guidance was better than expected too, but it wasn’t enough to satisfy investors as its stock stayed flat in extended trading. The company reported a loss before certain costs such as stock compensation of eight cents per share, coming in ...
AMD’s highly anticipated MI300X AI chips hit general availability along with new Ryzen 8040 CPUs
Chipmaker Advanced Micro Devices Inc. today threw down the gauntlet, announcing that it’s ready to take on Nvidia Corp. with a new generation of silicon chips that are geared toward artificial intelligence workloads. During a special “Advancing AI” event today, the chipmaker announced the launch of multiple new chips and software services, including its highly ...
Google debuts first Gemini generative AI model, with advanced reasoning and native multiple modes
Google LLC today is taking the fight to OpenAI and ChatGPT with the long-delayed launch of what it says is its most capable, powerful and sophisticated generative artificial intelligence model yet. Called Gemini, it will sit at the heart of a number of Google’s services and products, including its generative AI chatbot Bard and the ...
MongoDB crushes Wall Street’s targets, but its stock falls after-hours
Shares of the database company MongoDB Inc. slid in after-hours trading today, even though the company crushed Wall Street’s forecasts on earnings and revenue and offered strong guidance in its latest financial report. In recent months the company has been flying high as investors bet on the growth of cloud computing and artificial intelligence, and ...
Arthur Chat, a tool for generative AI chatbots, launches to leverage proprietary data and any AI model
Artificial intelligence monitoring startup ArthurAI Inc. is looking to make its presence felt in the generative AI industry with the launch of its first chatbot builder, Arthur Chat. Announced today, it’s described as a turnkey, retrieval-augmented generation platform that companies can use to power more accurate and reliable chat-based applications that are fed on their ...