Mike Wheatley
Latest from Mike Wheatley
Snowflake’s stock falls on guidance miss, as it confirms plans to acquire Neeva
Shares of the cloud data warehouse company Snowflake Inc. sank in extended trading today after the company slashed its full-year outlook, sparking concerns about its exposure to reduced enterprise technology spending. Snowflake did at least beat expectations as it delivered its first quarter financial results. It also announced its previously reported intention to acquire the ...
Nvidia’s stock soars 26% on strong sales forecast amid surging demand for AI chips
Chipmaker Nvidia Corp. comfortably beat expectations as it posted its fiscal first-quarter results today, before delivering a revenue forecast that blew Wall Street’s projections out of the water, sending its stock up an incredible 26% in trading Thursday. The company reported net income for the quarter of $2.04 billion, up from the $1.62 billion profit ...
API simulation platform WireMock raises $6.5M in seed funding
WireMock Inc., creator of an application programming interface-focused productivity platform for developers, said today it has raised $6.5 million in seed funding. Today’s round was led by Ridge Ventures and include participation from First Rays Venture Partners, Scribble Ventures and a number of angel investors. The startup is the creator of WireMock Cloud, a platform ...
Alteryx integrates generative AI to power advanced data analytics insights and workflows
Big-data company Alteryx Inc. said today it has created a new artificial intelligence, machine learning and generative AI engine for the Alteryx Analytics Cloud Platform to accelerate customer’s efficiency and productivity. At its annual user conference Inspire 2023, the company revealed Alteryx AiDIN as a new platform that combines the power of Alteryx Analytics outputs ...
New Relic’s stock tanks on lower forecast
Shares of private equity acquisition target New Relic Inc. fell sharply in extended trading today as it provided disappointing guidance for the coming quarter and new fiscal year. New Relic delivered strong fourth-quarter results, reporting earnings before certain costs such as stock compensation of 42 cents per share on revenue of $242.5 million, up 18% ...
Microsoft debuts Fabric, a single, integrated data analytics platform for AI and business
Microsoft Corp. today debuted a new and integrated data analytics platform called Microsoft Fabric that brings together all of the data and analytics tools an organization needs to build the foundation of artificial intelligence. The platform was announced at Microsoft’s annual developer conference Build 2023 running today through Wednesday in Seattle. It integrates platforms such ...
Microsoft expands AI plugins and copilot ecosystem for developers
Microsoft Corp. announced a major expansion of its artificial intelligence plugins ecosystem today, saying it will adopt the same open plugin standard that OpenAI LP uses for ChatGPT across the entirety of its copilot offerings. At the same time the company revealed a host of new copilot tools, which are applications that use generative AI ...
Elastic to power generative AI models with Elasticsearch Relevance Engine
Enterprise search technology provider Elastic N.V. is aiming to help companies build and integrate generative artificial intelligence models powered by their own corporate data with the launch of its new Elasticsearch Relevance Engine today. ESRE, as the new tool is called, is powered by built-in vector search and transformer models that combine the latest innovations ...
Zoom beats expectations and grows its customer base, but revenue barely rises
Shares of Zoom Video Communications Inc. gained slightly in extended trading today as the videoconferencing software firm delivered better-than-expected first-quarter results. The company reported a net income of $15.4 million for the quarter, a big improvement from three months earlier when it posted its first net loss since 2018. Earnings before certain costs such as ...
Axelera AI extends Series A funding round to $50M
Artificial intelligence-focused computer chip startup Axelera AI B.V. said today that a number of new investors have joined its oversubscribed Series A funding round, bringing its total amount raised to $50 million. The new investors include CDP Venture Capital, Verve Ventures and a consortium known as Fractionelera, which was created by a number of interested ...