Mike Wheatley
Latest from Mike Wheatley
To enable quantum computing, Seeqc’s new digital chip operates at close to absolute zero
Quantum computing startup Seeqc Inc. announced today that it has created a classical computer chip that can operate at temperatures close to absolute zero, enabling it to work with quantum processors that must be stored in similarly cold conditions. The New York-based company was founded in 2018 after being spun out of the superconductor electronics ...
UiPath’s stock rises sharply on fourth-quarter earnings and revenue beat
Shares of UiPath Inc. rose sharply in extended trading today after the business automation software provider beat expectations for its fourth-quarter financial results and offered strong guidance. The stock rose 13% in the after-hours trading session, adding to a gain of almost 2% earlier in the day. UiPath had “a very strong quarter, reflecting the ...
Adobe delivers solid earnings beat and lifts full-year profit forecast, sending its stock higher
Adobe Inc. delivered a fiscal first-quarter earnings and revenue beat and lifted its full-year profit forecast, sending its stock higher in extended trading today. The company reported net income for the first quarter of $1.25 billion, down slightly from the $1.26 billion profit it delivered a year earlier. Earnings before certain costs such as stock ...
Weights & Biases simplifies machine learning production and governance
Machine learning development startup Weights & Biases Inc., whose software is used by the likes of OpenAI LLC and Nvidia Corp. to develop new artificial intelligence models, announced two major enhancements to its platform today. Weights and Biases has created a platform for teams to build and collaborate on machine learning models and operations, or ...
New Relic brings instant observability to OpenAI’s GPT-4
Observability tooling company New Relic Inc. said today it’s launching a first-of-its-kind machine learning operations capability that makes it easy for engineering teams to monitor the performance of OpenAI LLC’s GPT-4 effectively. The company has announced the availability of a new OpenAI quickstart in its Instant Observability catalog of plugins. With just a couple of ...
Lightning AI debuts PyTorch Lightning 2.0, adding more granular control for AI model training
Artificial intelligence development startup Lightning AI Inc. today announced the general availability of PyTorch Lightning 2.0, an open-source AI framework that’s used by thousands of organizations to train and scale up machine learning models. PyTorch Lightning is one of the most popular machine learning development tools, with an average of 4 million downloads per month, ...
Adept, creator of an AI assistant that automates software tasks, raises $350M
Another day, another megabucks funding round for an artificial intelligence startup. Today it’s the turn of a company called Adept, a machine learning research and product lab focused on “general intelligence,” which said it has closed on $350 million in new funding. The Series B round was co-led by General Catalyst and Spark Capital and ...
Smartsheet’s stock soars on surprise earnings beat
Shares of Smartsheet Inc. surged in extended trading today after the work collaboration software provider posted a surprise profit and revenue beat in its fourth-quarter earnings report. Smartsheet’s stock gained more than 12% in after-hours trading, wiping out a decline of more than 3% in the regular session. The company reported a fourth-quarter net loss ...
Electric delivery van maker Rivian wants to cancel Amazon exclusivity deal
Electric delivery van maker Rivian Automotive Inc. is reportedly holding talks with its chief backer Amazon.com Inc. to try to scrap the exclusivity deal it signed with the retail giant in 2019, a deal that made Amazon Rivian’s sole customer. News of the talks was first reported today by the Wall Street Journal, which cites ...
Microsoft spent hundreds of millions on Azure infrastructure to make ChatGPT happen
Microsoft Corp. today revealed how it spent billions of dollars to enable OpenAI LLC to bring ChatGPT to life. The partnership between Microsoft and OpenAI has gotten a lot of attention recently. In January, the Windows maker announced it was investing $10 billion into the artificial intelligence startup that created ChatGPT, an AI chatbot that ...