Mike Wheatley
Latest from Mike Wheatley
Amazon CEO Andy Jassy says layoffs have already begun, and will extend into next year
Amazon.com Inc. Chief Executive Andy Jassy today for the first time publicly addressed reports that the company is poised to cut more than 10,000 workers in a series of layoffs — and said they could stretch into the new year. News of the layoffs was first reported Monday by the New York Times, which said ...
Astera Labs raises $150M to boost connectivity for intelligent systems
Semiconductor design firm Astera Labs Inc. claims to have hit a number of key milestones after closing on a bumper $150 million late-stage round of funding today that brings its valuation to $3.15 billion. Today’s Series D round was led by Fidelity Management & Research and saw participation from existing investors including Atreides Management, Intel ...
Dell to pay $1B to settle lawsuit over controversial 2018 stock swap deal
Personal computer and technology infrastructure giant Dell Technologies Inc. said Wednesday that it has agreed to pay a $1 billion settlement over a lawsuit that accused it of shortchanging some shareholders when it returned to the public markets in 2018. Plaintiffs had accused Chief Executive Michael Dell (pictured), the investment firm Silver Lake, and some ...
Strong data center chip sales help keep Nvidia’s head above water
Shares of the computer graphics chip giant Nvidia Corp. gained slightly in after-hours trading, despite its revenue guidance for the coming quarter falling just shy of analysts’ expectations. The chipmaker delivered mixed results in its third-quarter report. Earnings before certain costs such as stock compensation came to 58 cents per share, below Wall Street’s forecast ...
Cisco’s stock rises after networking giant reveals strong earnings, restructuring plan
Shares of Cisco Systems Inc. traded higher in extended trading today thanks to better-than-expected earnings and revenue during the company’s fiscal first quarter as well as full-year guidance. Cisco reported quarterly earnings before certain costs such as stock compensation of 86 cents per share on revenue of $13.63 billion, up 6% from a year earlier. The results ...
Secrets management-as-a-service startup Akeyless raises $65M
Akeyless Security Ltd., a software-as-a-service-based secrets management startup for DevOps and information technology workloads, said today it has closed on $65 million in new funding. The Series B round was led by NGP Capital and brings Akeyless’s total amount raised to date to $80 million. Existing investors Team8 Capital and Jerusalem Venture Partners also participated ...
AMD announces its reprogrammable Versal AI chips are ready for space-based deployments
Artificial intelligence inference is about to become a lot more viable for makers of commercial space satellites thanks to Advanced Micro Devices Inc., which said today the latest version of its reprogrammable Versal system-on-a-chip is ready for takeoff. More specifically, the company said that its XQR Versal AI Core chip has officially been granted a Class ...
AI-powered video and audio editing app Descript raises $50M
Audio and video editing platform Descript Inc. said today it has closed on a $50 million round of funding led by the OpenAI Startup Fund, which was created by OpenAI Inc. and its partners, including Microsoft Corp. Andreessen Horowitz, Redpoint Ventures, Spark Capital and ex-Y Combinator partner Daniel Gross also participated in the Series C ...
SAP launches low-code app development tools for business users
Enterprise software firm SAP SE is aiming to make life easier for business professionals with the launch of a new, low-code tool that should help them to become citizen developers. SAP is hoping business users might want to build their own business-focused applications atop its enterprise software platform. SAP Build is said to be a ...
TigerGraph Cloud gets interactive insights and advanced machine learning development tools
TigerGraph Inc. today updated TigerGraph Cloud, its fully managed graph database service, with new capabilities that will enable users to extract more insights from their business data and accelerate the development of machine learning applications. The company is a well-funded database startup that has raised more than $170 million to date, closing on its most recent ...