Mike Wheatley
Latest from Mike Wheatley
Technology giants that include IBM Corp. and its Red Hat subsidiary, Meta Platforms Inc., Intel Corp., Advanced Micro Devices Inc. and ServiceNow Inc. said today they’re joining forces with more than 40 other organizations across business, academia, government and advocacy to create …
GitLab beats expectations, delivers first-ever profit, and its stock jumps
Shares of the developer tooling company GitLab Inc. shot up in extended trading today after it posted third-quarter earnings and revenue that beat expectations and offered strong guidance for the current period. The company reported earnings before certain costs such as stock compensation …
Biomemory debuts what it says is the world’s first commercially available DNA storage product
French digital data startup Biomemory SAS has announced what it claims is the first instance of DNA-based storage being made available to the general public, with the launch of its new DNA memory cards. Announced today, ahead of general availability later this …
Google reportedly postpones launch of next-gen chatbot Gemini until early next year
Google LLC has reportedly delayed the debut of its next-generation generative artificial intelligence model Gemini, and will now keep it under wraps until at least January. Gemini is said to be the most powerful conversational AI Google has created so far. It’s …
Elastic shares jump in late trading on solid earnings and revenue beat
Shares of the enterprise search technology firm Elastic N.V. surged more than 16% in late trading today after the company posted a second-quarter earnings beat and offered a strong forecast for the current quarter and full year. The company reported earnings before …
Chipmaker Marvell’s stock falls on weak revenue forecast
Marvell Technology Inc. said it’s expecting its revenue to decline as it enters the final quarter of the fiscal 2024 year, and its stock was trading more than 4% lower in the after-hours session today. The lower forecast took the sheen off …
Shares of UiPath spike on strong earnings and revenue beat, upbeat forecast
Updated: Shares of the business automation software firm UiPath Inc. traded sharply higher today after it reported third-quarter earnings and revenue that topped Wall Street’s expectations. The company reported earnings before certain costs such as stock compensation of 12 cents per share, beating …
Automated forensic accounting startup Valid8 Financial closes on $8.5M funding round
Verified financial intelligence startup Valid8 Financial Inc. said it has raised $8.5 million in a Series A funding round announced today. The round was led by Silvertone Partners and saw participation from Touchdown Ventures, First Trust. CPA.com and Capital Midwest, and will …
Another generative AI startup, Together AI, secures $100M+ in funding
Generative artificial intelligence startups have been raking in billions of dollars in investors money this year, and the latest one to do so is a company called Together Computer Inc. Better known as Together AI, it said today it has closed on …
Snowflake crushes Wall Street’s expectations amid ‘stabilizing’ economy
The cloud-native big-data company Snowflake Inc. posted strong financial results and issued bullish guidance for the final quarter of its fiscal year, sending its stock higher in extended trading today. The stock, which had already gained 2% in the regular trading session, …