Mike Wheatley
Latest from Mike Wheatley
Box announces Vertex-powered generative AI tools to process and analyze documents faster
Cloud content management platform Box Inc. said today it will integrate with Google Cloud’s Vertex AI platform to enable enterprises to build generative artificial intelligence features that can help users more easily process and analyze data stored within Box Content Cloud. The integration with Vertex AI was announced as Box said it will expand its ...
FusionAuth raises $65M to its developer-friendly identity and access management platform
The developer-focused customer identity and access management platform FusionAuth said today it has closed a bumper $65 million investment from Updata Partners. The round marks the first time FusionAuth, officially known as Inversoft Inc., has raised capital externally. The company said it will use the funds to scale its go-to-market teams and accelerate product development. ...
AWS offers more flexible access to Nvidia GPUs for short-duration AI workloads
Amazon Web Services Inc. said today it’s launching a new consumption model for enterprises looking to reserve access to cloud-hosted graphics processing units for short-duration artificial intelligence workloads. Amazon Elastic Compute Cloud (EC2) Capacity Blocks for ML, generally available now, and allows customers to reserve access to “hundreds” of Nvidia Corp.’s most advanced H100 Tensor ...
Freshworks tops expectations and raises full-year outlook, sending its stock higher
Freshworks Inc., the customer service and support software provider that competes with Salesforce Inc., forecast annual revenue and profit above expectations on the back of “sustained demand” for its relatively affordable products, sending its stock higher after-hours. The company delivered strong third-quarter results too, with earnings before certain costs such as stock compensation coming to ...
AMD’s stock claws back initial losses as it forecasts $2B in AI chip sales in 2024
Updated with stock price rise on Wednesday: Shares of Advanced Micro Devices Inc. erased earlier losses in today’s extended trading session as the chipmaker talked up the opportunity it sees in artificial intelligence, just minutes after its guidance for the fourth quarter came up light. The company’s stock, which gained 2% during the regular session, ...
Domino Data bids to fast-track generative AI model development with project templates
Machine learning operations startup Domino Data Lab Inc. today announced a major update to its artificial intelligence development platform that it says will make it easier for companies to build generative AI models and other applications. The Fall 2023 release expands the AI Project Hub that was announced in June with various templates and code ...
Samsung says its chip business will recover in 2024 as AI drives renewed demand
South Korean technology giant Samsung Electronics Co. Ltd. said late today that it expects to see a slow recovery in demand for memory chips in the coming year, after reporting its biggest quarterly profit in fiscal 2023. The company said growing interest in devices that can power artificial intelligence workloads locally will boost demand for ...
Arista Networks’ stock jumps as it forecasts strong revenue on higher enterprise spending
Shares of the cloud networking company Arista Networks Inc. gained more than 9% in extended trading today after it beat Wall Street’s expectations with its third-quarter results and offered strong guidance thanks to improving supply chain restraints and renewed enterprise spending in coming months. The company reported net income for the third quarter of $581.4 million, up ...
Juniper beats expectations as enterprises step up hardware spending
Networking infrastructure supplier Juniper Networks Inc. beat forecasts on earnings and revenue as it benefited from higher spending by clients, sending its stock up more than 6% in after-hours trading late today. Juniper’s results, which were reported on a preliminary basis, provide further evidence of a recovery in cloud computing and other enterprise information technology ...
Intel beats expectations, reveals new foundry customers and traction in AI, sending its stock higher
Chipmaker Intel Corp.’s stock gained almost 8% in the extended trading session today after it delivered an upbeat forecast, beat expectations on profit and sales, talked up new customers for its nascent foundry business, and revealed growing traction in artificial intelligence. The company reported third-quarter earnings before certain costs such as stock compensation of 41 ...