Mike Wheatley
Latest from Mike Wheatley
LightSolver debuts ‘laser processing unit’ as alternative to quantum computing and supercomputers
High-performance computing startup LightSolver Ltd. today announced what it says is the world’s first pure “laser-based processing unit,” providing businesses with an alternative to expensive supercomputers and unstable quantum computing platforms. The LightSolver LPU is designed to solve business challenges that involve multiple variables. Defined as “NP-hard optimization problems,” they traditionally require specific mathematical models ...
Western Digital beats expectations but its losses mount
Western Digital Corp. posted financial results that surpassed Wall Street’s expectations today, only to follow up with weak guidance for the current quarter in a sign that demand for memory chips will likely take longer than expected to recover. The company’s stock initially slumped in extended trading but recovered and ended the day up more ...
Google confirms the Pixel Fold will launch next week
Google LLC has finally confirmed long-running rumors that it will introduce its first foldable smartphone. Today, the company unveiled its upcoming Pixel Fold device, which will be launched at next week’s Google I/O 2023 event. For now, the company is offering a brief teaser of what we can expect, posting a video that shows what ...
Dropbox delivers another quarter of steady revenue growth, pleasing investors
File-sharing company Dropbox Inc. comfortably beat Wall Street’s expectations today as it delivered its fiscal first-quarter financial results, boosting its stock by more than 8% in after-hours trading. The company reported a first-quarter net income of $69 million, down from the $79.7 million profit it recorded one year earlier. Earnings before certain costs such as ...
Strong iPhone sales drive Apple to solid earnings and revenue beat
Apple Inc. returned to form as it delivered its fiscal second-quarter earnings report today, beating Wall Street’s expectations thanks to stronger than expected iPhone sales. The company couldn’t prevent its overall sales declining for the second quarter in a row, though, and its finance chief Luca Maestri warned investors that revenue will likely decline in ...
Dell debuts new managed services for ML developers and data scientists
Dell Technologies Inc. said today it’s hoping to make life easier for application developers and data scientists with the launch of a trio of new managed service offerings. The technology infrastructure giant said today the Dell Managed Developer Cloud, Dell Managed Services for MLOps and Colocation with Dell Technologies Services offerings are all being made ...
Openlayer, creator of tools for testing and verifying machine learning models, raises $4.8M
Openlayer Inc., the creator of a novel platform for testing artificial intelligence and machine learning models, said today it has closed on a $4.8 million seed funding round. The round was led by Quiet Capital and saw participation from Picus Capital, YCombinator, Hack VC, Liquid2 Ventures, Mantis VC and a host of angel investors including Instagram ...
JFrog’s shares jump as its cloud revenue grows almost 50%
Software supply chain company JFrog Ltd. kicked off its fiscal 2023 year with an impressive earnings and revenue beat, and its share price rose more than 7% in after-hours trading as investors nodded their appreciation. The company reported earnings before certain costs such as stock compensation of six cents per share, blowing past Wall Street’s ...
Cloud growth drives Confluent’s impressive earnings and revenue beat
Big-data streaming company Confluent Inc. delivered a strong earnings and revenue beat as it posted its first-quarter financial results today, sending its stock higher in late trading. The Mountain View, California-based company reported a net loss of $152.6 million, rising from the $112.9 million loss it posted one year earlier. Losses before certain costs such ...
Qualcomm’s stock sinks on revenue decline and warning of worse to come
Shares of smartphone chipmaker Qualcomm Inc. trended down in after-hours today as the company revealed how macroeconomic forces had eaten away at its sales in the second quarter. Its revenue declined 17% compared to the same period one year earlier, and the situation is not going to get better anytime soon, the company said. Qualcomm reported second-quarter ...