Mike Wheatley
Latest from Mike Wheatley
GitLab’s stock plummets as company forecasts much slower revenue growth
Shares of GitLab Inc. cratered in extended trading today after the DevOps company reported revenue guidance for the coming quarter and full year that fell some way short of Wall Street’s expectations. This unexpected turn of events has raised concerns about GitLab’s growth trajectory. The company had just reported a net loss for the fourth ...
DocuSign’s stock falls as executive changes cast shadow on strong earnings and revenue beat
Shares of DocuSign Inc. fell more than 7% in extended trading today as an executive leadership shakeup overshadowed an impressive fourth-quarter earnings and revenue beat. The biggest change is that DocuSign Chief Financial Officer Cynthia Gaylor is to step down from her role later this year, having only joined the company in September 2020. No ...
Infrastructure automation firm HashiCorp posts solid earnings and revenue beat
HashiCorp Inc.’s stock trended higher today in extended trading after the infrastructure-as-code technology provider reported earnings and revenue that beat Wall Street’s expectations and guided for more of the same in the coming quarter and full year. The company reported a fourth-quarter net loss of $49.4 million, down from a $227.7 million loss recorded in ...
Oracle’s stock heads south on revenue shortfall
Database giant Oracle Corp. missed expectations on revenue by a whisker as it reported its fiscal 2023 third-quarter earnings results today, sending its stock down in extended trading. The company reported a net income for the quarter of $1.9 billion, or 68 cents per share, compared with a profit of $2.32 billion, or 84 cents ...
AI21 Labs debuts Jurassic-2, an advanced large language model for text-based generative AI
Generative artificial intelligence research lab AI21 Labs Ltd. is releasing what it claims is the world’s most customizable large language model, Jurassic-2, for organizations that want to build advanced, chat-based AI applications at large scale. Ai21 Labs is both an AI research lab and a commercial entity that offers its natural language processing capabilities as ...
Google’s PaLM-E embeds vision with ChatGPT-style AI model to power autonomous robots
Researchers from Google LLC and the Technical University of Berlin this week unveiled an artificial intelligence-powered robot trained on a multimodal embodied visual-language model with more than 562 billion parameters. PaLM-E, as the model is called, integrates AI-powered vision and language to enable autonomous robotic control, allowing the robot to perform a wide range of ...
Generative AI startup Anthropic raises another $300M, bringing its value to $4.1B
Barely a month after raising hundreds of millions of dollars in funding from Google LLC, the San Francisco-based artificial intelligence startup Anthropic has closed on another round of financing that’s said to be worth $300 million. The round, which brings Anthropic’s value to $4.1 billion, was led by Spark Capital. The news was first reported ...
MongoDB’s stock falls as light revenue outlook overshadows solid earnings beat
A light revenue forecast for the coming quarter and full year weighed heavily on MongoDB Inc.’s stock in extended trading today, overshadowing what was a strong fourth-quarter earnings and revenue beat. The database company reported earnings before certain costs such as stock compensation of 57 cents per share on revenue of $361.3 million, up 36% ...
SAP debuts Datasphere, the next generation of its cloud data warehouse
Business software giant SAP SE said it’s aiming to help enterprises eliminate the complexities of accessing and using data scattered across disparate systems and locations with today’s launch of its new SAP Datasphere platform. SAP Datasphere is the next generation of SAP Data Warehouse Cloud, designed to serve as the main, centralized integration point for ...
Google I/O 2023 developer conference to kick off on May 10
Google LLC today revealed that its annual I/O conference for developers will take place on May 10 near its headquarters in Mountain View, California, but it will involve only a “limited live audience” and will be open to everyone else online. Google I/O is an annual event that’s geared for developers building on Android and Google ...