Mike Wheatley
Latest from Mike Wheatley
Cortex Applications raises $35M to bring visibility into microservices quality
Cortex Applications Inc., the creator of an internal developer portal that’s used by organizations to gain visibility into their software and services, said today it has raised $35 million in a new round of funding. The Series B round was led by Institutional Venture Partners LLC and saw participation from a host of others, including ...
Dataiku doubles down on responsible AI development, adding greater transparency and control
Dataiku Inc., creator of a data science platform targeted at artificial intelligence development, said today it’s adding a host of new features to its flagship offering to help customers keep up with the pace of innovation in the rapidly evolving market. The new features are focused on generative AI and include an integration with everyone’s ...
Aiven announces ‘Bring Your Own Cloud’ to help companies optimize cloud spending
Aiven Ltd., a well-funded startup that delivers fully managed and cloud-hosted versions of some of the most popular open-source software, announced the launch of its “Bring Your Own Cloud” offering. With BYOC, customers can deploy Aiven’s managed data services directly on the public cloud of their choice, including Amazon Web Services, Google Cloud and Microsoft ...
Box shares move higher as earnings and revenue top forecasts
Cloud content management provider Box Inc. beat expectations today as it reported its fiscal first-quarter results, sending its stock higher in after-hours trading, despite lowering its full-year guidance slightly. The company reported earnings before certain costs such as stock compensation of 32 cents per share, resulting in a net profit of $3.7 million. Revenue rose ...
As traditional revenue streams dry up, both HPE and HP target AI-driven growth
Hewlett Packard Enterprise Co. and HP Inc. delivered mixed second-quarter financial results today as they both continue to navigate a tough economy that has soured demand for the servers, personal computer, storage and printer products they make. In the case of HPE, today it reported net income of $418 million in the quarter, up from a ...
Nvidia launches GH200 Superchip to accelerate generative AI workloads
Nvidia Corp. announced early Monday that its most powerful artificial intelligence chip yet, the GH200 Grace Hopper Superchip, is now in full production. The Nvidia GH200 Superchip (pictured) has been designed to power systems that will run some of the most sophisticated and complex AI workloads yet, including training the next generation of generative AI models. ...
US slams China’s ban on buying Micron chips as ‘economic coercion’
U.S. Commerce Secretary Gina Raimondo said late Saturday that her country “won’t tolerate” China’s recent ban on the purchase of memory chips from Micron Technology Inc. and added that the U.S. government is working closely with its allies to counter what she termed “economic coercion.” Raimondo (pictured) was speaking at a news conference after a meeting of trade ...
No deal: New Relic ends talks with private equity firms over leveraged buyout
Talks on a possible acquisition of New Relic Inc. by the private equity firms Francisco Partners Management LP and TPG Inc. have reportedly broken down. A report Friday by Reuters that cites people familiar with the matter said the two suitors were unable to secure enough debt financing and failed to meet New Relic’s valuation ...
Shares of Marvell jump sky-high as it forecasts AI chip revenue to double
Updated: Marvell Technology Inc. topped expectations in its fiscal first-quarter financial results today and said it’s expecting revenue from artificial intelligence to at least double this year, sending its stock sky-high in extended trading. The company reported a net loss for the first quarter of $168.9 million, with earnings before certain costs such as stock ...
Strong earnings beat sends Workday’s stock higher
Human resources software pioneer Workday Inc. beat expectations in its fiscal first-quarter financial results today and hired a new chief financial officer, sending its stock higher in extended trading. The company reported a net profit of $136,000 for the quarter, working out at less than a penny a share. Earnings before certain costs such as ...