Mike Wheatley
Latest from Mike Wheatley
Lightning AI Inc., the company behind the popular artificial intelligence development framework PyTorch Lightning, is evolving its offerings with the launch of Lightning AI Studios with a goal to simplify the way enterprises can build and deploy AI-infused applications. Announced today, the …
Broadcom accelerates VMware transformation by killing off perpetual software licenses
Broadcom Inc. is accelerating a plan to strong-arm VMware customers into signing up for subscriptions by killing off older, on-premises perpetual licenses to use the popular virtualization software. New customers will no longer be able to purchase a perpetual license, while existing …
Microsoft debuts 2.7B-parameter Phi-2 model that outperforms many larger language models
Microsoft Corp. has unveiled a new artificial intelligence model called Phi-2, and it demonstrates the remarkable ability to match or even exceed the performance of much larger and more established models of up to 25-times its size. Announced in a blog post …
Docker buys AtomicJar, the startup behind the popular open-source Testcontainers project
Container development software provider Docker Inc. said today it’s expanding its testing capabilities with the acquisition of a well-funded startup called AtomicJar Inc. Neither company disclosed any price, but it seems likely Docker handed over a significant amount considering that AtomicJar had …
Oracle’s stock slides as revenue and guidance come up short
Shares of the database giant Oracle Corp. fell more than 8% in after-hours trading today after it reported fiscal second-quarter sales and guidance for the current period that fell below Wall Street’s estimates. The company reported earnings before certain costs such as …
AI explainability startup Citrusˣ exits stealth with $4.5M in funding
Artificial intelligence validation and explainability startup Citrusˣ Ltd. is launching today armed with $4.5 million in seed funding. Citrusˣ is the creator of what it says is an easy-to-use platform that will allow all stakeholders within an organization to check that their …
EU reaches provisional agreement on landmark legislation to regulate AI
The European Union on Friday agreed to a provisional deal on new rules that govern the development and use of artificial intelligence technologies such as ChatGPT. The new EU AI Act, believed to be the world’s first major regulation governing AI, was …
Open-source generative AI startup Mistral AI raises $415M in funding
French generative artificial intelligence startup Mistral AI announced today it has closed on its second bumper funding round of the year, raising 385 million euros, or around $415 million, in a deal led by prominent venture capital firms Andreessen Horowitz and Lightspeed …
HashiCorp beats expectations but cautious guidance sends its stock way down
Cloud infrastructure automation company HashiCorp Inc. delivered strong third-quarter financial results today that topped analysts’ expectations, with its revenue up more than 16%. But its stock plunged more than 20% after-hours on the back of somewhat disappointing guidance, which was only in …
Broadcom offers weak annual forecast, citing lower enterprise spending
Shares of the chipmaker Broadcom Inc., which recently closed on its multibillion-dollar acquisition of VMware Corp., traded lower late today after the company reported results that failed to satisfy investors and offered an annual revenue forecast that came in below expectations. The …