Mike Wheatley
Latest from Mike Wheatley
Customer service and support software company Freshworks Inc. delivered impressive fourth-quarter financial results today, attributing the strong performance to its adoption of new artificial intelligence features baked into several of its main applications. The company reported earnings before certain costs such as …
SaaS visibility startup dataroomHQ launches with $3.5M in funding
DataroomHQ Inc., a startup that offers an artificial intelligence-powered operational metrics platform for software-as-a-service companies, said today it’s ready for prime time after closing on a strategic $3.5 million funding round. Today’s round was led by Oceans and Bling Capital, with participation …
Colossyan raises $22M to grow its AI-powered corporate training video production platform
Generative artificial intelligence video-based corporate training startup Colossyan Inc. said today it has closed on a $22 million round of funding. The investment was led by Lakestar and saw participation from Launchub, lead investor of the company’s $5 million seed funding round …
NXP barely maintains growth as it beats the Street’s forecasts on earnings and revenue
NXP Semiconductor N.V. posted strong fourth-quarter earnings results today, beating Wall Street’s projections on earnings and revenue. The beat was enough to send the company’s stock higher in extended trading, with investors remaining bullish on its prospects even as it offered mixed …
MIT researchers use neural networks to design more durable and flexible composite materials
Researchers at the Massachusetts Institute of Technology’s Computer Science and Artificial Intelligence Laboratory have created a new, AI-powered system for designing more durable microstructured composite materials for use in vehicle manufacturing. In a blog post today, MIT CSAIL Ph.D. student Beichen Li, …
Scammers used deepfake CFO on video call to trick company employee into sending them $25M
Scammers who used artificial intelligence-powered “deepfakes” to pose as a multinational company’s chief financial officer in a video call were able to trick an employee into sending them more than $25 million, CNN reported. The finance worker was duped into making a …
Meta’s operating profit triples as it smashes forecasts, sending its stock up 20%
Updated with Friday stock price: A solid earnings and revenue beat from Meta Platforms Inc. today catapulted the social networking company’s stock 20% higher in trading Friday, adding more than $200 billion to its market capitalization. The strong results were backed by …
Strong iPhone sales help Apple return to growth, but its stock falls on cautious guidance
Apple Inc. delivered strong results for its fiscal first quarter today, notably cutting a streak of four successive quarters of revenue declines. However, with sales falling more than 13% in the all-important Chinese market, and a warning of weakness in iPhone sales …
Amazon’s stock rises after it trounces analysts’ earnings expectations
Shares of Amazon.com Inc. trended higher in the after-hours session today after the company delivered fourth-quarter financial results that sailed past analysts’ expectations. The company followed its results with strong guidance for the current quarter, further boosting investors’ optimism. Amazon easily topped the …
Allen Institute for AI launches open and transparent OLMo large language model
The Allen Institute for AI, a nonprofit organization created by the late Microsoft Corp. co-founder Paul Allen, said today it’s bringing more transparency into the generative artificial intelligence industry with what it says is the world’s most open large language model. By …