Mike Wheatley
Latest from Mike Wheatley
Mythic, maker of energy-efficient analog chips for AI, raises $70M in new funding
Pioneering artificial intelligence chip startup Mythic said today it has raised $70 million in a new round of funding that follows the launch of its first products last year. The Series C round was led by BlackRock and Hewlett Packard Pathfinder and brings Mythic’s total amount raised to $165.2 million since it was founded back ...
At Think conference, IBM puts AI and hybrid cloud to work
IBM Corp. is pushing the envelope on hybrid cloud and artificial intelligence with a number of key announcements early Tuesday ahead of its Think 2021 event, chiefly aimed at accelerating its customer’s digital transformation strategies. One of the main highlights of today’s announcements is a new Auto SQL capability within IBM’s Cloud Pak for Data ...
Rackspace’s stock plunges despite record revenue and a growing customer base
Cloud computing services company Rackspace Technology Inc. saw its stock fell sharply in after-hours trading despite posting strong first-quarter financial results that beat Wall Street’s expectations. The company reported record revenue as it grew its client base and existing customers spent more. For the first quarter, Rackspace reported a profit before certain costs such as ...
JFrog scrapes past profit and revenue targets but its stock falls anyway
DevOps company JFrog Ltd. edged past Wall Street’s expectations today with its fiscal first-quarter financial results, but its shares fell sharply in after-hours trading as a result of cautious guidance. The company reported a profit before certain costs such as stock compensation of two cents per share on revenue of $45.1 million, up 37% from the ...
Strong quarterly revenue beat sends Cloudflare’s stock surging
Content delivery network company Cloudflare Inc. is riding high today, its stock up more than 8% after reporting fiscal first-quarter revenue that topped expectations and posting strong guidance for the next quarter and full year. The company reported a loss before certain costs such as stock compensation of three cents per share on revenue of ...
Dropbox raises full-year guidance after another solid earnings beat
Cloud file-sharing company Dropbox Inc. has gotten off to a solid start in the first quarter of its fiscal 2021, beating expectations on both profit and revenue. The company reported a profit before certain costs such as stock compensation today of 35 cents per share on revenue of $511.6 million, up 12% from the same period ...
MariaDB’s cloud database-as-a-service SkySQL gets an availability and scalability boost
MariaDB Corp., the company behind the popular open-source MariaDB database, today announced a major update to its cloud offering today with expanded support for Amazon Web Services Inc. deployments. It’s also making its cloud database more scalable, with enhancements the company says should ensure higher availability too. MariaDB SkySQL is a cloud-based version of the ...
IBM Research says it has created the world’s first two-nanometer chip
IBM Corp.’s research division today announced what it says is a key breakthrough in chip design, creating the world’s first semiconductor based on two-nanometer “nanosheet” technology. The company said its new two-nanometer chip blueprint will serve as the foundation of its future technology offerings, including its IBM Power Systems and IBM Z platforms. It’s also ...
Xilinx reports record sales ahead of acquisition by AMD
Computer chipmaker Xilinx Inc. beat expectations today as it reported record revenue in its fiscal fourth quarter ahead of its proposed acquisition by Advanced Micro Devices Inc. later this year. The company, which makes chips for the aerospace and defense industries as well as for servers and consumer products, reported a profit before certain costs such ...
Twilio beats earnings target and announces plans for R&D reshuffle
Cloud communications platform provider Twilio Inc. posted a strong earnings beat and solid guidance today as it announced a reorganization of its product and research and development efforts. The company reported a first-quarter profit before certain costs such as stock compensation of 5 cents per share on revenue of $590 million, up 62% from the same ...