Mike Wheatley
Latest from Mike Wheatley
Generative AI startup Harmonya raises $20M to squeeze more insights from product data
Harmonya Inc., a startup that’s enhancing consumer packaged goods and retail data with artificial intelligence to provide companies with fresh insights, said it has closed on a $20 million early-stage round of funding. Today’s Series A round was led by Bright Pixel Capital and saw participation from Team8, Arc Investors, J Ventures, Silicon Road Ventures, ...
Huawei’s latest smartphone showcases China’s chip manufacturing breakthrough
Huawei Technologies Co. Ltd. has teamed up with China’s leading chipmaking firm, Semiconductor Manufacturing International Corp., to build an advanced, seven-nanometer processor that sits at the heart of its latest flagship smartphone. A teardown of the new device issued today by analysts from TechInsights Inc. shows that the Huawei Mate 60 Pro is powered by a ...
OpenAI rival AI21 Labs raises $155M in funding
Generative artificial intelligence startup AI21 Labs Ltd. is rolling in money today after closing on a bumper $155 million Series C round of funding to fuel the growth of its large language model-based services. The round attracted some big name investors, including Walden Catalyst, Pitango, SCB10X, b2venture, Samsung Next, Google LLC, Nvidia Corp. and professor ...
Surprise earnings and revenue beat sends Pure Storage’s stock higher
Pure Storage Inc. topped Wall Street’s forecasts as it delivered its second-quarter results today and offered a sales outlook for the current quarter that came in above forecast, sending its stock higher in the after-hours trading session. The stock initially gained more than 3% in extended trading before retracting a bit for a 1% gain ...
Salesforce shrugs off economic pressure as it beats expectations and raises full-year guidance
Shares of Salesforce Inc. gained more than 5% in extended trading today after the company posted quarterly results and guidance that exceeded Wall Street’s estimates. The customer relationship management giant also raised its full-year forecast amid resilient demand for its cloud software offerings despite ongoing economic uncertainty. The company reported second quarter net income of ...
Couchbase jumps on the generative AI bandwagon with Capella iQ code generator
Cloud database company Couchbase Inc. has become the latest technology provider to integrate generative artificial intelligence into its flagship product. Today it announced a new capability it calls “Capella iQ” for its database-as-a-service offering, Couchbase Capella. According to Couchbase, it’ll help developers to write SQL++ and application code faster and more easily with AI-generated recommendations ...
Box’s stock falls as it reports narrow earnings beat and weak guidance
Shares of Box Inc. took a bit of a beating in extended trading today after the cloud content management firm reported second-quarter financial results that barely topped earnings and revenue estimates and followed up with soft guidance. Box reported net income of $10.8 million, with earnings before certain costs such as stock compensation coming to 36 cents ...
Shares of HPE and HP fall on soft guidance as enterprise spending lags
Shares of Hewlett Packard Enterprise Co. and its onetime sister company HP Inc. were trending lower in extended trading today after the companies offered guidance for the fourth quarter that came up short of analyst’s expectations. Both companies are struggling amid soft enterprise spending and lower demand for the servers, storage gear, personal computers and ...
Ambiq’s newest open-source AI model helps IoT applications capture clean speech
Ambiq Micro Inc., a low-power chip startup for intelligent devices at the edge, is enhancing its artificial intelligence toolkit with its new Neural Network Speech Enhancer, enabling devices to capture clean human speech in the noisiest of environments. Ambiq is best known for its low-powered chips, but the startup also offers an array of tools ...
Google Cloud’s generative AI tech to power dozens of partners’ technologies
Google Cloud announced a whole host of generative artificial intelligence initiatives involving its partners at its Google Cloud Next event today in San Francisco. The central theme in today’s announcements was how Google Cloud is helping its partners to use generative AI to accelerate their technology transformations, and it’s doing so in some creative ways. ...