Mike Wheatley
Latest from Mike Wheatley
Big tech stocks slump in wake of Snap profit warning
Tech stocks took a big tumble Tuesday as investors bailed from dozens of companies that had rallied at the height of the COVID-19 pandemic. The tech-heavy Nasdaq Composite index fell amid investor fears of a slowdown in the digital advertising sector, following a profit warning by social media firm Snap Inc. The company, which also ...
Microsoft announces new Azure capabilities around cloud-native apps, data analytics and hybrid cloud operations
Microsoft Corp. unveiled a slew of updates to the Azure cloud platform at its online Build 2022 developer conference today, with new capabilities for cloud-native applications, big data, hybrid cloud and Azure migration among the highlights. Developers of cloud-native apps in particular have a lot to look forward to, with multiple updates to Azure aimed ...
AI development on Microsoft Azure gets beefed up with access to OpenAI models
Microsoft Corp. is expanding its long-running relationship with the artificial intelligence research outfit OpenAI Inc. as it launched a new service today for Azure Cognitive Services. The service provides developers with access to a range of OpenAI’s AI models, including the GPT-3 base series, Codex series and embedding models. Details of the expanded relationship were announced at Build ...
Microsoft extends Teams’ unique collaborative features to outside apps
Collaboration came to the fore at Microsoft Corp.’s Build 2022 conference today as the company unveiled a host of new developer-focused tooling and features for Microsoft Teams. One of the most exciting updates is the new Live Share experience that makes it possible for meeting participants to interact in new ways with shared applications. The ...
Big data reliability platform provider Monte Carlo raises $135M in late-stage round
Self-styled data reliability firm Monte Carlo Inc. announced today that it has closed on a $135 million late-stage funding round led by IVP that brings its total amount raised to date to $236 million. Accel, GGV Capital, Redpoint Ventures, ICONIQ Growth and GIC Singapore also participated in the Series D round, which values the startup at ...
Cribl raises $150M in late-stage funding round as it launches new data search tool
Open observability firm Cribl Inc. said today it has closed on a late-stage $150 million funding round that brings its total amount raised to $400 million to date. Tiger Global Management led the Series D round and was joined by existing backers including CRV, IVP, Redpoint Ventures, Sequoia and Greylock Partners. The round came alongside ...
Updated: Broadcom in talks to acquire virtualization software giant VMware for $60B
Updated: Computer chipmaker Broadcom Inc. is negotiating to buy the virtualization software giant VMware Inc., according to a report by Bloomberg. The report, citing anonymous sources familiar with the matter, said the negotiations are ongoing and that a deal is not imminent. The Wall Street Journal, however, reported the talks had “picked up pace in ...
Stripe’s new Data Pipeline tool aims to ease syncing transaction data with Amazon Redshift and Snowflake
Payments processing firm Stripe Inc. is getting into the infrastructure business today with the launch of a new product called Data Pipeline that customers can use to synchronize their transaction data with information stored in Amazon Redshift and Snowflake data warehouses. Stripe explained that many of its customers have massive information stores spread across the ...
Y Combinator warns startup founders to be wary of economic downturn
One of Silicon Valley’s most renowned startup accelerators, Y Combinator, has told founders of its portfolio companies to “plan for the worst,” warning they face a rough ride ahead as the economy declines and funding becomes more difficult to obtain. “No one can predict how bad the economy will get, but things don’t look good,” ...
AMD shifts electronic design automation workloads to Google Cloud
Chipmaker Advanced Micro Devices Inc. said today it plans to shift some of its electronic design automation workloads for chip design onto Google Cloud, in order to extend the capabilities of its own data centers. EDA is an important part of the chip design process that involves using computer-aided design software to create printed circuit ...
