Mike Wheatley
Latest from Mike Wheatley
IBM’s watsonx to leverage generative AI to modernize mainframe apps
IBM Corp. said today it’s using its recently announced generative artificial intelligence service watsonx to help enterprises modernize their most business-critical mainframe applications. The new watsonx Code Assistant for Z is a generative AI-powered coding assistant that’s designed to help developers translate applications written in the older COBOL programming language to Java. The service can ...
Arm files for Nasdaq IPO, seeking to cash in on AI boom
Arm Holdings Ltd., the chip designer owned by SoftBank Group Corp., today filed for a Nasdaq listing ahead of what will likely become the largest U.S. initial public offering of the year. Although the market for IPOs has been dormant for the past 20 months, Arm believes its business will flourish as interest in artificial ...
Zoom beats earnings expectations, hikes its full-year forecast and its stock rises
Zoom Video Communications Inc. posted second-quarter earnings results that exceeded analyst’s expectations, sending its stock about 4% higher today. The company’s guidance for the current quarter was mixed, but investors were happy to forgive that, as it raised its full-year forecast. The company reported net income of $182 million for the quarter, rising from a ...
Kubecost debuts Kubecost Cloud to help enterprises rein in their Kubernetes spending
Kubecost, the startup that provides monitoring, management and cost optimization services for companies running Kubernetes clusters, said today its Kubecost Cloud platform is now generally available. According to Kubecost, officially known as Stackwatch Inc., Kubecost Cloud is a software-as-a-service platform that makes it easier than ever to gain full visibility into, and then reduce their ...
Rubrik’s new generative AI assistant helps ease cyberattack recovery operations
Zero trust data security startup Rubrik Inc. is tapping the power of generative artificial intelligence to help VMware users rapidly recover from cyberattacks. Today, the company announced its new AI-Powered Cyber Recovery tool, which leverages large language models to help teams deal with the aftermath of cyber incidents and ensure minimal data loss and downtime. ...
Harvard researchers clone supercomputer on Google Cloud
Researchers at Harvard University have used Google LLC’s public cloud infrastructure platform to create a clone of a supercomputer that was used to perform a heart disease study. They claim it’s a highly original use of cloud computing resources that can help other researchers who are struggling to access powerful supercomputers to complete their studies. ...
IBM Consulting to help firms build generative AI applications with Microsoft’s Azure OpenAI Service
IBM Corp. is partnering with Microsoft Corp. to lend its expertise to enterprises that are looking for ways to deploy generative artificial intelligence and improve their business processes. Today’s announcement is focused on IBM Consulting, which now offers a dedicated service for companies trying to get to grips with Microsoft’s Azure OpenAI Service on the ...
Databricks looking to raise ‘hundreds of millions’ in fresh funding to fuel generative AI push
Enterprise big-data company Databricks Inc. is reportedly discussing a fresh round of funding with investors that will likely total hundreds of millions of dollars. This move comes despite Databricks’ loss of about $900 million in its last two fiscal years. The funding will help the company to capitalize on enterprise demands for a reliable data ...
Sassine Ghazi to become CEO of chip design software firm Synopsys
Semiconductor design software firm Synopsys Inc. said today that it’s hiring 25-year industry veteran Sassine Ghazi as its new chief executive officer. The news came as the company delivered better-than-expected fiscal third-quarter results thanks to growing demand for custom chip designs for artificial intelligence applications. Synopsys said Ghazi (pictured, right), who currently serves as its ...
In positive sign for tech spending, Cisco’s stock rises on strong earnings and prospects for AI
Shares of Cisco Systems Inc. traded higher after-hours today after the networking giant posted strong quarterly results and expressed optimism about the role it can play in a growing artificial intelligence industry. “We are seeing solid customer demand, gaining market share and innovating in key areas like AI, security and cloud,” Cisco Chief Executive Chuck Robbins ...