Mike Wheatley
Latest from Mike Wheatley
iPhone maker Apple Inc. reported better-than-expected earnings and revenue as it delivered its third quarter results, thanks to a 22% surge in handset sales. However, its stock was trading almost 6% lower in the late trading session after it issued weak guidance …
Amazon’s stock pops on roaring cloud growth and soaring AI demand
Amazon.com Inc. delivered a solid earnings and revenue beat as it posted its second-quarter financial results, driven by surging growth in its cloud infrastructure business. Demand for artificial intelligence was the primary factor in that growth, causing the company to boost its …
Smallest.ai raises $13M to accelerate the development of its asynchronous voice AI architecture
The momentum behind voice artificial intelligence is accelerating with Smallest.ai becoming the latest startup in this emerging niche to secure more funding. Officially known as Smallest Inc., it said today it has closed on a $13 million Series A investment led by …
MinIO debuts AIStor Memory, the long-term memory AI agents need to scale safely
Object storage software company MinIO Inc. says it has cracked the persistent memory problem for artificial intelligence agents with the launch of a new offering called AIStor Memory. Whereas conventional chatbots like Claude and ChatGPT can generally get away with much more …
Samsung’s stock rises on explosive operating profit growth
Samsung Electronics Co. Ltd. today confirmed its earlier expectation that runaway memory chip prices will drive a massive 19-fold jump in operating profit, as robust artificial intelligence demand continues to accelerate momentum in its semiconductor business. The company just announced its full …
Qualcomm and Arm see momentum in AI, but smartphone weakness weighs on both stocks
Shares of the chipmakers Qualcomm Inc. and Arm Holdings Plc were trading lower after-hours today after warning of sluggish demand in the smartphone industry due to rising prices relating to the cost of key components such as memory chips. Qualcomm reported third-quarter …
Microsoft’s stock rises 9% on strong Azure revenue growth and steady capex spending
Microsoft Corp.’s stock was trading 9% higher in the after-hours session today after reporting four-quarter earnings and revenue that surpassed Wall Street’s expectations while reiterating its capital expenditures forecast for the rest of the year. The company reported earnings before certain costs …
Optical interconnect startup Eliyan raises $145M in funding to solve the AI chip cluster connectivity crunch
Silicon Valley-based chip interconnect startup Eliyan Corp.’s valuation has increased to $1 billion after it closed on a $145 million Series C funding round today. Seligman Ventures led the round, with Cisco Ventures and Lumentum also backing the newly minted unicorn. Eliyan …
Fish Audio makes a splash after raising $52M seed funding for AI voices
Fish Audio, an ambitious artificial intelligence startup that began life as a weekend project in its founder’s bedroom, said today it has raised an impressive $52 million in seed funding to try and establish voice as the default interface for every AI …
Act Security raises $60M to take action against agentic access sprawl at the infrastructure layer
Cloud security startup Act Security Ltd. says it’s primed and ready to help enterprises safely deploy artificial intelligence agents at large scale after raising $60 million in funding across two rounds. The company was founded last year and closed on a hefty …