Mike Wheatley
Latest from Mike Wheatley
Expensify’s earnings and revenue miss sends its stock down after-hours
Shares of the business payments platform provider Expensify Inc. fell sharply in extended trading after the company missed Wall Street’s expectations, posting a surprise loss instead of a profit. The company reported a second-quarter loss before certain costs such as stock compensation of 10 cents per share on revenue of $43.2 million, up 22% from ...
Rivian shipped more electric cars, beating revenue estimates, but its loss widens
Rivian Automotive Inc., the electric vehicle maker, reported solid financial results today as it maintained its guidance for full-year vehicle deliveries. However, the company slashed its full-year profit outlook, sending its stock slightly lower in after-hours trading. The company reported a net loss of $1.71 billion in the quarter, with a loss before certain costs ...
OpenAI improves its AI-powered content filter and makes it free to use
The nonprofit artificial intelligence research outfit OpenAI Inc. today announced a major update to its free content moderation tool, and it’s available now to all developers. The updated Moderation endpoint enables access via an application programming interface to OpenAI’s Generative Pre-trained Transformer-based classifiers, which are AI models that have been trained to detect undesirable content ...
Amazon debuts new data storage capabilities at AWS Storage Day
Amazon Web Services Inc. said today that it’s placing more importance on “data resiliency” within its flagship Amazon Elastic Block Store service with the addition of a new feature it’s calling “crash consistent snapshots,” available for subsets of EBS volumes. The new feature makes it simpler and more affordable to create “multivolume snapshots” of specific ...
Gartner to enterprises: Keep tabs on these 25 emerging tech trends
The analyst firm Gartner Inc. today published an updated Hype Cycle for Emerging Technologies focused on three key trends: the evolution and expansion of immersive experiences, the acceleration of artificial intelligent automation, and what it calls optimized technologist delivery. The new technologies differ quite sharply from those on Gartner’s previous 2021 Hype Cycle. The analysts that ...
Sysdig adds cryptojacking detection to its container security toolbox
Sysdig Inc., the application container security firm, said today it’s introducing a new, machine learning-powered cloud detection and response capability that can help enterprises deal with the threat of “cryptojacking.” Cryptojacking is slowly becoming a major concern for enterprises, Sysdig believes. It refers to the unauthorized use of someone’s computing resources — be it a ...
Signal AI buys corporate reputation startup Kelp to boost external intelligence platform
The self-styled “external intelligence” company Signal Media Ltd., better known as Signal AI, said today it has acquired Kelp Inc., a provider of corporate reputation insights. Signal AI said the acquisition builds on the deep synergies between the two firms and their shared vision to help organizations understand external events that impact on their success. ...
GlobalFoundries posts strong earnings results and outlook
GlobalFoundries Inc. shares rebounded in extended trading today, having initially fallen more than 8% in the wake of second-quarter financial results that topped Wall Street’s expectations. The company reported net income for the quarter of $317 million, or 48 cents per share, compared with a loss of $30 million one year ago. Earnings before certain ...
Rackspace shares slide on mixed earnings results and weak forecast
Cloud services provider Rackspace Technology Inc. reported mixed second-quarter financial results today, beating expectations on earnings but missing on revenue. However, its sales guidance for the next period was light, sending its stock down in after-hours trading. The company reported a net loss of $40.6 million, with earnings before certain costs such as stock compensation ...
Shopic gets $35M to bring AI-powered smarts to ordinary shopping carts
The smart shopping cart startup Shopic Technologies Ltd. said today it has raised $35 million in funding to get closer to fulfilling its mission of making grocery shopping experiences smarter for stores and consumers. Today’s Series B round was led by Qualcomm Ventures and saw the participation of Vintage Investment Partners, Clal Insurance, IBI Tech ...
