Mike Wheatley
Latest from Mike Wheatley
Endor Labs raises $70M to transform application security by securing open-source components
Code and pipeline governance startup Endor Labs Inc. said today it has closed on a big funding round, reeling in $70 million in an early-stage round led by Lightspeed Venture Partners. Coatue, Dell Technologies Capital, Section 32 and more than 30 industry-leading executives also took part in the Series A round, which comes just 10 ...
Google updates experimental Search Generative Experience
Google LLC today rolled out a number of improvements to its experimental Search Generative Experience, or SGE, a new version of its search engine that uses generative artificial intelligence to enhance its results. SGE is a version of the company’s search engine that adds a new panel to query results pages. The panel appears above ...
Fast-growing JFrog delivers solid earnings beat
Software development tooling platform JFrog Ltd. beat Wall Street’s expectations today as its revenue grew by 24% from a year earlier, sending its stock slightly higher in extended trading. The company reported second-quarter earnings before certain costs such as stock compensation of 11 cents per share, beating Wall Street’s forecast of just five cents. Revenue came ...
Qualcomm’s stock falls on light guidance as it warns of further job cuts
Shares of smartphone chipmaker Qualcomm Inc. were battered and bruised in extended trading today as the company warned that it’s likely to miss Wall Street’s earnings and revenue targets in the current quarter. Earlier, the company reported fiscal third-quarter earnings before certain costs such as stock compensation of $1.87 per share, coming in ahead of analysts’ ...
Meta releases AudioCraft, a generative AI model for creating music and sound
Meta Platforms Inc.’s Fundamental Artificial Intelligence Research team said today it’s open-sourcing a new, high-quality generative AI framework that’s focused on producing realistic audio sound and music from text-based inputs. With the new AudioCraft, Meta’s FAIR team says, musicians will be able to explore new compositions without playing a single note on an instrument, while ...
Freshworks grows its revenue, cuts its losses, and its stock rises sharply
Customer service and support software firm Freshworks Inc. delivered another strong earnings and revenue beat in its latest quarter and cut its overall losses substantially, sending its stock more than 14% higher in extended trading today. The company reported second-quarter earnings before certain costs such as stock compensation of seven cents per share, with revenue ...
AMD makes ‘strong progress’ on AI chips and its stock rises
Advanced Micro Devices Inc. reported declining revenue and offered a forecast that came in below Wall Street’s estimates, but its stock rose after the company beat expectations and made optimistic sounds about its artificial intelligence portfolio. The company reported second-quarter earnings before certain costs such as stock compensation of 58 cents per share, just ahead ...
Vast Data announces global data infrastructure layer for AI workloads
Universal data storage platform provider Vast Data Inc. has outlined ambitious plans to power a new generation of artificial intelligence models that do more than simply parrot responses when prompted. Instead, it envisions a future where AI is able to automatically drive new discoveries and understandings that were formerly unknown. To deliver on this goal, the ...
Western Digital posts surprise earnings beat despite mounting losses
Western Digital Corp. beat expectations with its fiscal fourth-quarter results today, despite posting another alarming decline in revenue stemming from an ongoing supply glut that continues to dog the computer storage industry. The company reported a net loss of $715 million, growing from the $651 million loss it delivered a year earlier. That resulted in ...
Shares of Arista Networks jump 14% on strong earnings and revenue beat
Arista Networks Inc.’s stock got a nice bounce today after the data center networking supplier delivered better-than-expected earnings and revenue in its financial results. The company reported second-quarter earnings before certain costs such as stock compensation of $1.58 per share, beating Wall Street’s target of $1.44 per share. Meanwhile, revenue rose by 8% from a ...