Mike Wheatley
Latest from Mike Wheatley
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 ...
Shares of big-data company Alteryx hammered on soft guidance
Shares of the big-data software company Alteryx Inc. went into a tailspin in extended trading today after the company issued a grim forecast for the current quarter that came in well below estimates. Adding to its woeful third-quarter guidance, the company also said it will miss full-year forecasts. Investors reacted badly, and the stock fell ...
Microsoft debuts ND H100 v5 virtual machines featuring Nvidia’s most powerful GPUs
Microsoft Corp. wants to entice enterprises to bring their most advanced artificial intelligence projects to the Azure cloud platform, and it’s doing so by offering access to the latest and most powerful graphics processing units from Nvidia Corp. The company said today its ND H100 v5 Virtual Machine series is generally available through the Azure ...
Federal judge narrows scope of Google antitrust lawsuit brought by DOJ and states
Google LLC will not have to answer allegations by dozens of U.S. states that the design of its search engine results page harms rival platforms such as Expedia Group Inc. or Yelp Inc., a federal judge ruled in an opinion that was unsealed Friday. The summary judgment ruling by Judge Amit Mehta of the U.S. ...