Mike Wheatley
Latest from Mike Wheatley
Amazon’s devices boss David Limp to retire later this year
Amazon.com Inc. has confirmed that its senior vice president of devices and services, David Limp, will retire from the company after serving more than 13 years in the role. It’s the latest in a string of departures of high-profile executives at Amazon since Andy Jassy took over as its chief executive officer two years ago. ...
Application configuration startup Configu raises $3M in pre-seed funding
Configuration Software Solutions Ltd., better known as Configu, said today it has raised $3 million in a pre-seed funding round. The round was led by Cardumen Capital and backed by a number of notable angel investors, including Ariel Maislos, co-founder of Anobit Technologies Ltd., which was later acquired by Apple Inc. The startup is focused ...
AI software startup Modular seeks bumper Series A round to challenge Nvidia
Artificial intelligence startup Modular Inc. is said to be involved in discussions with investors including General Catalyst over a big funding round that would value it at about $600 million, according to an exclusive report late Friday by The Information. It’s seeking to raise a huge amount of cash at a time when AI has emerged ...
AI-powered observability startup Middleware closes on $6.5M funding round
Middleware Lab Inc., the creator of an artificial intelligence-powered observability platform for applications and the infrastructure they run on, said today it has closed on a $6.5 million seed funding round. The round was led by 8VC and joined by Fin Capital, Vercel Inc. founder and Chief Executive Guillermo Rauch and Tokyo Black. Others, including ...
Biden orders ban on certain US tech investments in China
U.S. President Joe Biden issued an executive order today that will block American citizens and organizations from investing in Chinese companies focused on certain kinds of technologies, including artificial intelligence, quantum computing and semiconductors. The order was issued on “national security concerns,” according to senior White House officials. The government said the restrictions are “narrow and ...
Stability AI and Google target software developers with latest generative AI tools
Stability AI Ltd. and Google Cloud are stepping up their efforts to automate the business of writing code with the launch of new generative artificial intelligence tools aimed at developers. While Stability AI is taking its first stab at code generation with its latest generative AI model, Google has introduced a web-based development environment that ...
Rackspace to collaborate with Dell and Nvidia amid generative AI pivot
Cloud services provider Rackspace Technology Inc. is building up its momentum in generative artificial intelligence, forging a key partnership with Dell Technologies Inc. and Nvidia Corp. to offer customers access to the full-stack infrastructure, software and expertise needed to run advanced AI models. The collaboration, announced today, is a part of the company’s Foundry for ...
Strong earnings and revenue beat helps Twilio’s stock recover lost ground
Shares of Twilio Inc. surged higher in extended trading today after the company beat Wall Street’s expectations in its second-quarter financial results. Twilio’s earnings and revenue both topped analysts’ forecasts, and its stock gained more than 6% after-hours, completely reversing a decline of 5% earlier in the day. The company reported earnings before certain costs ...
EU launches investigation into Adobe’s proposed $20B acquisition of Figma
The European Commission said today it’s opening a full-scale investigation into Adobe Inc.’s proposed $20 billion acquisition of Figma Inc., a provider of cloud-based design tools. According to the European Commission, a preliminary review of the deal triggered major concerns that it could significantly reduce competition in the global market for interactive product design tools, ...
Palantir’s stock rises on growing profitability and strong guidance
Data analytics software provider Palantir Technologies Inc. delivered earnings and revenue that exactly matched Wall Street’s expectations today. It also offered strong guidance and announced a new $1 billion share buyback plan, sending its stock up slightly in extended trading. The company reported second-quarter net income of $28 million, up from a loss of $179.3 ...