Mike Wheatley
Latest from Mike Wheatley
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 ...
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 ...