Mike Wheatley
Latest from Mike Wheatley
Google spending cuts include no more laptops, only Chromebooks, and fewer services
After laying off thousands of its employees in January, Google LLC is looking to rein in its expenses elsewhere, with a number of cost-cutting measures being implemented across the company, including reductions in spending on equipment, supplies and some employee services. The report comes from CNBC, which said today that Google has informed its staff ...
Quantexa, a fast-growing decision intelligence startup, raises $129M in late-stage funding
Decision intelligence startup Quantexa Ltd. said today it has closed on a bumper late-stage funding round worth $129 million. The Series E round was led by GIC and saw participation from existing investors Warburg Pincus, Dawn Capital, British Patient Capital, Evolution Equity Partners, HSBC, BNY Mellon, ABN AMRO and Albion VC. The funding comes less than ...
Meta’s AI researchers create artificial visual cortex for robots to operate by seeing
Researchers from Meta Platforms Inc.’s artificial intelligence research unit today announced a couple of key developments around adaptive skill coordination and visual cortex replication that they say will allow AI-powered robots to operate in the real world but without any real-world data. The developments are said to be major advancements toward the creation of general-purpose ...
Quantum startup IonQ delivers strong earnings beat and its stock rises
Quantum computing company IonQ Inc. closed on its first full year as a publicly traded company today, beating expectations on earnings and revenue as it delivered its fourth-quarter results. The company reported a loss before certain costs such as stock compensation of nine cents per share, with revenue for the period coming to $3.8 million, ...
UK watchdog launches deeper probe into $61B Broadcom-VMware merger
The U.K.’s antitrust regulator said today it will launch a deeper investigation into Broadcom Inc.’s proposed $61 billion acquisition of VMware Inc., a move that seemingly dashes any prospect of the merger being completed with minimal fuss. The Competition and Markets Authority said today it is launching a Phase 2 investigation into the pending buyout, ...
UiPath streamlines workflow automation requests with conversational AI assistant
Robotic process automation leader UiPath Inc. announced today it’s partnering with the conversational artificial intelligence startup Amelia US LLC to create a fully integrated digital agent for workflow automation. The partnership is all about delivering simpler experiences for employees, who often struggle with the technical side of creating automated workflows, UiPath said. UiPath’s RPA platform ...
Google Cloud’s evolving big-data ecosystem embraces efficiency and AI
Google Cloud is looking to accelerate adoption of its big-data ecosystem with a host of new product innovations and partner offerings announced today at its third annual Google Data Cloud & AI Summit. According to Google, the new capabilities are designed to help companies optimize the price-performance of their big data projects, embrace open data ...
Synopsys announces full-stack AI-powered suite for advanced chip design
Semiconductor design software maker Synopsys Inc. today announced an expanded suite of artificial intelligence tools to aid in the design, verification and testing of advanced computer chips. With Synopsys.ai, engineers can now benefit from AI assistance at every stage of the chip design process, from system architecture to design and manufacturing, the company said. Synopsys ...
Oxbotica partners with Google Cloud to scale up its autonomous vehicle software
Oxbotica Ltd., the U.K.-based autonomous vehicle software developer, said today it’s working with Google Cloud to accelerate the deployment of its self-driving technology. In a statement, Oxbotica said it plans to use Google Cloud’s infrastructure, including its compute, storage and networking services, to power its software platform that’s aimed at industrial autonomous vehicle use cases. ...
Progress Software beats expectations but light guidance weighs on stock
Shares of Progress Software Corp. were trending down today after the company warned that its fiscal second-quarter profit may fall short of Wall Street’s expectations, following a solid earnings beat in the quarter just gone. The company reported a net profit for the first quarter of $23.7 million, up 16% from a year earlier. Earnings ...