Mike Wheatley
Latest from Mike Wheatley
NXP Semiconductor delivers mixed results as mobile and IoT chip demand falters
Shares of NXP Semiconductor N.V. fell in extended trading today after the chipmaker delivered mixed quarterly results and guidance for the first quarter of fiscal 2023 that came in below expectations. The company reported a net income for the fourth quarter of $602 million, with earnings before certain costs such as stock compensation coming to ...
ChatGPT rivals Anthropic AI and Character AI reportedly chasing megabuck funding rounds
Artificial intelligence startups Anthropic AI and Character Technologies Inc. are reportedly closing on blockbuster funding rounds backed by a number of high-profile venture capital firms, according to reports this weekend. In the case of Anthropic, the New York Times Friday cited two people with knowledge of the matter as saying it’s zeroing in on a $300 ...
Pearl Health, which uses data science to power value-based healthcare, raises $75M
Medical technology startup Latitude Health Inc., which likes to be known as Pearl Health, said today it has closed on an oversubscribed $75 million funding round, bringing its total amount raised to date to more than $100 million. Today’s Series B round was led by Andreessen Horowitz’s Growth Fund and Viking Global Investors, and saw ...
Intel’s stock falls on double whammy of earnings miss and dismal guidance
Intel Corp. left investors with no illusions today about the struggles it’s facing amid an economic downturn that has proven to be especially brutal for chipmakers. The company missed Wall Street’s targets on both earnings and revenue and offered weak guidance too, sending its stock down more than 9% in extended trading. Intel reported earnings before ...
Dell confirms it has acquired Cloudify to boost its cloud orchestration capabilities
Dell Technologies Inc. today revealed it has quietly acquired Cloudify Ltd., which sells cloud orchestration tools for enterprises. Cloudify’s offerings are used by cloud architects and DevOps teams to manage workloads, software containers and other components of multicloud information technology environments. For reasons unknown, Dell didn’t make any official announcement regarding the acquisition itself. The story ...
Qualtrics beats the Street’s expectations with strong revenue growth
Experience management software firm Qualtrics International Inc. posted fourth-quarter financial results today that beat analysts’ expectations and offered strong guidance for the coming quarter, sending its stock higher in after-hours trading. The company reported a net loss of $256.4 million. Earnings, before certain costs such as stock compensation, came to three cents per share, improving ...
ServiceNow posts strong earnings beat as it promises no layoffs in 2023
Workflow automation giant ServiceNow Inc. delivered solid fourth-quarter financial results today, beating Wall Street’s forecasts on earnings and offering a confident outlook for the remainder of the year. The company also pledged to avoid making any layoffs, despite widespread job losses elsewhere in the industry. For the quarter just gone, ServiceNow reported earnings before certain ...
Google Cloud reveals how it’s powering the growth of a trio of innovative big data startups
Google Cloud today shared how three unique startups have adopted its “Data Cloud,” using services such as Google BigQuery, Cloud Storage and Vertex AI as the foundation of their data-centric businesses. In a blog post, Gerrit Kazmaier, vice president and general manager of database and analytics at Google Cloud, highlighted how Ocient Inc., SingleStore Inc. ...
Digital health insurance startup Angle Health closes on $58M round of funding
Digital-first health insurance startup Angle Health Inc. says it’s ready to transform the healthcare industry after closing on a $58 million early-stage round of funding. Today’s Series A round was led by Portage, with participation from new investors PruVen Capital, Wing Venture Capital, SixThirty Ventures, Mighty Capital, Wormhole Capital, Mindset Ventures, Aloft VC and Pilot.com ...
Gemba, a VR startup that’s creating a metaverse for workforce training, raises $18M in funding
Virtual reality workforce learning startup Gemba said today it has closed on an $18 million early-stage funding round that brings its value to $60 million. The U.K.-based startup, officially known as TLN Training Ltd., said today’s Series A round was led exclusively by New York based investor Parkway Venture Capital, with the funding to help accelerate its ...