Mike Wheatley
Latest from Mike Wheatley
New Relic debuts Grok, a generative AI assistant for observability operations
Having already introduced observability tools for generative artificial intelligence models such as ChatGPT, New Relic Inc. is now turning around and leveraging generative AI’s capabilities to assist with observability tasks. The company said today it’s launching a new AI assistant for observability called Grok in limited preview that will eliminate the need for engineers to ...
SAP adds more AI smarts to its enterprise resource planning software with IBM Watson
Software giant SAP SE said today it’s expanding its long-running partnership with IBM Corp. to embed IBM Watson artificial intelligence smarts into its wide range of enterprise resource planning systems. The company said IBM Watson will be integrated with numerous offerings, including its digital assistant SAP Start, which serves as a unified entry point into ...
Box embeds generative AI into its Content Cloud
Cloud content management provider Box Inc. is integrating OpenAI LP’s most advanced generative artificial intelligence models into Box Content Cloud, making it easier for enterprise workers to extract insights from the data they work with. Announced at Box’s Content Cloud Summit today, Box AI is billed as a suite of AI capabilities that will primarily ...
Arista Networks beats expectations, but weakening demand weighs on stock
Shares of Arista Networks Inc. fell more than 6% in extended trading today after the company warned that some of its biggest customers might be about to cut back on spending. The warning came as a surprise, as Arista had just delivered strong first-quarter earnings results that comfortably beat Wall Street’s expectations, sending its stock ...
Alteryx delivers mixed earnings results as it plans to cut 11% of its staff
Big-data company Alteryx Inc.’s shares fell sharply in extended trading today after it delivered mixed results in its first-quarter earnings report and offered weak guidance for the months ahead. The report came as Alteryx announced a “workforce reduction plan” in which it will lay off 11% of its staff. These Alteryx layoffs are expected to ...
Intel posts its biggest-ever loss, but stock rises on signs of a turnaround
Chipmaker Intel Corp. posted the biggest quarterly loss in its history today and said it expects to remain in the red in the coming quarter, amid a sharp decline in personal computer sales that has seriously dented its business. The company reported a first-quarter net loss of $2.8 billion, or 66 cents a share, reversing ...
Amazon’s stock dips on uncertainty over AWS cloud growth
Shares of Amazon.com Inc. initially popped in extended trading as the company reported a solid first-quarter earnings beat, but investor sentiment rapidly cooled as company executives raised concerns over the growth of Amazon Web Services Inc., its cloud computing subsidiary, and the stock ended the day down more than 2%. Amazon reported first-quarter revenue of ...
ServiceNow tops $2B revenue barrier and raises its annual forecast
Enterprise software company ServiceNow Inc. delivered strong first-quarter financial results today, surpassing the $2 billion quarterly revenue barrier for the first time and raising its full-year guidance for subscription sales. The company reported net income of $150 million, up from a profit of just $75 million one year earlier. Earnings, adjusted for costs such as stock ...
Meta surprises with return of revenue growth, sending its stock soaring
Facebook parent company Meta Platforms Inc. said today that it was able to grow its revenue by 3% during the first quarter of the year, reversing a trend that saw it deliver three straight quarters of sales declines and prompting investors to bid the stock up almost 15% Thursday. Investors nodded in appreciation as the ...
Pure Storage debuts next-generation unified block and file storage service
Flash storage company Pure Storage Inc. today announced the availability of File Services for FlashArray, a new storage service that provides access to native block and file services from a single, global pool of resources. The company said this is a big deal because it’s the first block and file platform built from the ground ...