Mike Wheatley
Latest from Mike Wheatley
LG to integrate sleep diagnosis technology with smart home appliances
LG Electronics Inc. announced today that it’s working with the South Korean sleep technology startup Asleep Inc. on a range of smart home appliances that can detect when users are asleep and adjust their settings accordingly. The Korea Economic Daily revealed that LG has signed a memorandum of understanding with Asleep to cooperate into research on ...
Indonesian fintech Akulaku raises $200M from Japan’s MUFG bank
Jakarta-based financial technology startup PT Akulaku Silvrr Indonesia said today it has raised $200 million via a strategic investment from Mitsubishi UFJ Financial Group, the largest bank in Japan. Akulaku is a fast-growing neobank that provides digital banking services, including “Buy Now, Pay Later” and virtual credit card services, plus an online investment platform, to ...
Samsung reportedly planning to increase chip production despite economic slowdown
At a time when other chipmakers are scaling back their investments, Samsung Electronics Ltd. is reportedly planning to step up chip production capacity at its largest semiconductor fabrication plant next year, South Korean media reported Sunday. Samsung’s plan to increase chip production comes despite forecasts of an economic slowdown. Notably, the move contrasts with the ...
Rainmaking technology startup Rainwater Tech to go public via SPAC merger
Rainfall-boosting technology startup Rain Enhancement Technologies Inc., which does business as Rainwater Tech, said today it will go public early next year via a merger with special-purpose acquisition company dMY Technology Group VI. Upon completion of the merger, Rainwater Tech will be valued at $200 million, it said today in a press release. DMY VI ...
Data science and analytics startup Tredence raises $175M to solve AI’s last-mile problem
Data science and artificial intelligence solutions startup Tredence Inc. said late today that it has closed on a bumper $175 million funding round led by Advent International. The company said it will use the funds from today’s Series B round to accelerate data-fueled growth and AI value realization for multiple industries. Tredence, founded in 2013, ...
Report says Google is panicking over threat posed by OpenAI’s chatbot
Google LLC is reportedly in panic mode over the potential threat posed by OpenAI Inc.’s ChatGPT model to its dominance of internet search. The company is responding by massively expanding efforts to close the technological gap between its own artificial intelligence capabilities and those of ChatGPT, which is an advanced chatbot that can churn out ...
Supermicro targets cloud-native workloads with new Arm-based Mt. Hamilton servers
Super Micro Computer Inc. today announced an expanded lineup of Arm-based servers powered by Ampere Computing LLC’s latest Altra and Ampere Altra Max processors. The new Mt. Hamilton servers announced today are the latest addition to Supermicro’s MegaDC server family. They leverage a single, unified motherboard design that makes them ideal for a range of cloud-native ...
Micron to cut 10% of its staff as it braces for 50% revenue drop
Shares of Micron Technology Inc. fell in extended trading today after the company warned that its revenue is likely to decline by more than 50% in the coming quarter and announced it will lay off 10% of its staff. The chipmaker said it expects sales in the second half of the year to be boosted once ...
Huawei has finally depleted its stockpile of advanced chips for smartphones
Chinese smartphone giant Huawei Technologies Co. Ltd. is believed to have finally used up its stockpile of homegrown advanced chips as a result of U.S. sanctions enacted against the company during Donald Trump’s administration. Hong Kong-based analyst firm Counterpoint Research told the South China Morning Post that it believes Huawei has finally depleted its inventory ...
Amazon Web Services lands 5-year U.S. Navy cloud computing contract worth over $700M
Just weeks after landing a share of a multibillion-dollar cloud computing contract for the U.S. Department of Defense, Amazon Web Services Inc. has struck another major deal with the U.S. Navy. Under the five-year contract, AWS provide a range of cloud services to the Navy, according to a notice posted on the DOD’s website Monday. ...
