Mike Wheatley
Latest from Mike Wheatley
Chinese internet giant Baidu Inc. has called off a proposed $3.6 billion acquisition of the livestreaming platform provider Joyy Inc. One of Baidu’s affiliate companies had agreed back in 2020 to acquire the Nasdaq-listed Joyy, which owns the livestreaming platform YY Live, …
US Supreme Court chief justice warns against risks of AI adoption in legal circles
U.S. Supreme Court Chief Justice John Roberts urged “caution and humility” regarding the use of artificial intelligence in the legal field, in a report published Sunday, saying the technology is a “mixed blessing.” In the 13-page report, Roberts acknowledged that AI had …
South Korea’s chipmaking industry sparks back into life, as shipments and production increase
The South Korean government has revealed that its chipmaking industry recorded its biggest-ever gains in both production and shipments this year. The increased momentum is one of the clearest signs yet that the global chipmaking industry is poised to bounce back from …
Nvidia launches scaled-down version of its latest gaming GPU in China
Chipmaker Nvidia Corp. has revealed that it’s now shipping a hobbled version of its latest graphics processing unit for video gamers in China, after the U.S. government announced it was tightening its restrictions on the hardware it’s allowed to sell in that …
Samsung partners with Red Hat to verify key data center scalability tech
Samsung Electronics Co. Ltd. said Wednesday it has achieved a key milestone after successfully verifying its Compute Express Link memory technology works as expected in a real user environment with the open-source software company Red Hat Inc. According to the chipmaker, advances …
Software AG invites bids for its Cumulocity and Trend Miner platforms
Privately held software company Software AG has invited interested parties to submit bids to acquire two of its software platforms, and is also exploring its options over a third one as it continues to streamline its operations. The report today comes from …
SoftBank’s shares jump as it gains $7.6 billion stock payout from T-Mobile
Shares of the prominent technology investor SoftBank Group Corp. gained more than 5% today after it revealed it would receive $7.59 billion worth of shares in the telecommunications provider T-Mobile U.S. Inc. at no additional cost. SoftBank said in a statement it …
MicroStrategy’s stock gains more than 350% in 2023 as it increases its exposure to bitcoin
Business intelligence software firm MicroStrategy Inc. has dramatically increased its exposure to the cryptocurrency bitcoin, pushing its stock up more than 350% over the last year. According to a report today by Reuters, MicroStrategy’s stock has risen in line with, but considerably …
Generative AI startup Anthropic reportedly on track to deliver $850M in annual revenue
Red hot artificial intelligence startup Anthropic PBC is projecting that it will now achieve an $850 million annualized revenue run rate by the end of 2024, significantly greater than an earlier forecast it made just three months ago. Back in September, the …
Report: Samsung to delay production at new U.S. chip fab until 2025
Samsung Electronics Co. Ltd. has reportedly put off mass production at its new chipmaking fab in Taylor, Texas, by up to six months. The delay appears to be a blow to President Joe Biden’s administration’s ambitious plans to increase domestic semiconductor manufacturing. …