Mike Wheatley
Latest from Mike Wheatley
Salesforce delivers to expectations but contract delays and rising capital costs weigh on stock
Salesforce Inc. delivered a strong earnings beat and raised its full-year guidance above analysts’ expectations, but concerns about its rising capital expenditures and delayed deals sent its stock down more than 5% in the after-hours trading session. The company reported net income for the first quarter of $199 million, up from a profit of just ...
Cisco buys Armorblox to beef up cybersecurity with generative AI
Cisco Systems Inc. said today it will acquire cybersecurity startup Armorblox Inc. to help protect email, cloud and office applications and enterprise communication systems. The networking giant will take advantage of Armorblox’s natural language processing, predictive and generative artificial intelligence capabilities to help its customers better understand the security risks they face. In a blog post ...
Predibase debuts low-code machine learning platform for building generative AI models
Machine learning startup Predibase Inc. today announced the commercial availability of its low-code declarative machine learning platform for artificial intelligence developers, adding new features for large language models. The launch of its platform came as the company revealed a $12.2 million expansion to its Series A funding round, led by Felicis Ventures Management Co., LLC. ...
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 ...