Mike Wheatley
Latest from Mike Wheatley
Intel bags $4.3B by selling 20% stake in chip manufacturing technology supplier IMS
Intel Corp. said today it has agreed to sell a 20% stake in IMS Nanofabrication GmbH, a key supplier of chip manufacturing equipment, to the private equity firm Bain Capital. The chipmaking giant bought the Austrian company for an undisclosed price in 2015, having first invested in it back in 2009. Since the close of ...
Google slams Microsoft for locking customers into Azure cloud platform
Google LLC has accused its longtime cloud rival Microsoft Corp. of engaging in anticompetitive behavior in an official complaint to the U.S. Federal Trade Commission. The internet giant said in a letter to the FTC today that Microsoft employs software licensing restrictions that effectively force customers to use its Azure cloud computing services in order ...
Fero Labs, which uses AI to reduce carbon emissions in manufacturing, raises $15M
Artificial intelligence-powered manufacturing process optimization startup Fero Labs Inc. today closed on a $15 million growth funding round. Climate Investment led the round, with participation from Blackhorn Ventures, Innovation Endeavors and DI Technology, bringing Fero Labs’ total amount raised to $30 million. Fero Labs is the creator of a “white-box” AI platform that helps engineers ...
Continuous software delivery startup Harness deploys generative AI assistant to ease developer headaches
Continuous software delivery startup Harness Inc. said today it’s now able to harness the potential of generative artificial intelligence to help users automate many key aspects of software development. The company says its AI Development Assistant will be integrated across all of its workflows and capabilities, including continuous integration, continuous deployment, cloud cost management and ...
DevOps platform-as-a-service startup Render raises $50M
DevOps cloud platform startup Render Services Inc. said today it has closed on a $50 million funding round, bringing its total amount raised to date to $76.8 million. Today’s Series B round was led by Bessemer Venture Partners and included participation from existing backers such as Addition, General Catalyst and the South Park Commons Fund. ...
HPE debuts GreenLake for LLMs, an advanced cloud for generative AI workloads
Hewlett Packard Enterprise Co. is expanding its flagship HPE GreenLake portfolio to provide access to large language models that power generative artificial intelligence. Enterprise will now be able to access LLMs on-demand via a multitenant supercomputing cloud service in order to train, fine-tune and deploy AI models via a sustainable supercomputing platform, HPE said. HPE ...
HPE expands GreenLake with new cloud services, SaaS offerings and private cloud options
Hewlett Packard Enterprise Co. said today it’s massively expanding the capabilities of its HPE Greenlake edge-to-cloud platform, integrating software from OpsRamp Inc., the infrastructure monitoring startup it acquired earlier this year. It’s also adding new software-as-a-service offerings for backup and machine learning, expanding the HPE Greenlake private cloud portfolio, and extending its partnerships with Amazon ...
Qualcomm demonstrates cutting-edge generative AI applications running at the edge
Smartphone chip maker Qualcomm Inc. took to the stage at the annual IEEE/CVF Conference on Computer Vision and Pattern Recognition today to announce its latest advancements in running generative artificial intelligence at the edge. The company showcased various new generative AI applications, including a new image generation model, a large language model-based fitness coach and a ...
Intel to invest $25B in Israeli chip manufacturing plants
Chipmaker Intel Corp. has committed to building a new manufacturing plant in Kiryat Gat, Israel, as part of an ongoing effort to diversify its production operations away from Asia. The deal was announced by Israeli Prime Minister Benjamin Netanyahu today, and Intel separately confirmed that it’s intending to expand its manufacturing capacity in the country, ...
Strong earnings results and AI buzz send Adobe’s stock higher
Shares Adobe Inc. moved higher in extended trading today after the design software company delivered record fiscal second-quarter revenue and beat Wall Street’s expectations. The company reported net income for the quarter of $1.3 billion, rising slightly from the $1.2 billion profit it delivered in the same period a year ago. Earnings before certain costs ...