Mike Wheatley
Latest from Mike Wheatley
Shares of Teradata sink on missed revenue and soft guidance
Shareholders bailed on the big-data analytics company Teradata Corp. today after it delivered fourth-quarter revenue that came up short of analysts’ expectations and offered weak guidance for the three months ahead. The company reported earnings before certain costs such as stock compensation of 53 cents per share, beating the analyst forecast of 44 cents per ...
QuEra Computing raises $230M+ funding led by Google to accelerate error-corrected quantum computing
QuEra Computing Inc. said today it has secured more than $230 million in funding to accelerate its goal of advancing error-corrected quantum computers. Today’s round was backed by Google LLC’s Quantum AI business unit and participants such as the SoftBank Vision Fund and Valor Equity Partners, as well as existing backers such as QVT Family ...
NXP buys Kinara for $307M to power AI workloads at the network edge
The Dutch chipmaker NXP Semiconductors N.V. has extended its spending spree by splurging $307 million on a deal to buy Kinara Inc., a California-based startup that develops neural processing units for artificial intelligence workloads at the network edge. Today’s deal comes just over a month after NXP splashed out $625 million to acquire the autonomous ...
DataRobot buys Aqnostiq to advance AI agent development with dynamic compute orchestration
DataRobot Inc., which offers tools for developing artificial intelligence and machine learning models that cater to both experts and novices, said today it has snapped up a Toronto-based startup called Agnostiq Inc. The acquisition will enable DataRobot to facilitate and scale the development of so-called AI agents by offering tools that enhance its compute orchestration ...
Sam Altman pledges more openness as OpenAI works toward AGI
OpenAI Chief Executive Sam Altman has written an essay on his personal blog today that spells out how his company intends to ensure that “everyone on Earth” will be able to leverage artificial general intelligence to fulfill their goals and expand their creativity. Part of that plan entails “strange-sounding ideas” like giving everyone a “compute budget” ...
Databricks buys the AI-powered data migration startup BladeBridge
Databricks Inc. has snapped up a startup called BladeBridge Inc., which offers tools for migrating enterprise data warehouses. The big-data company said Wednesday it plans to integrate its technology with its own platform. The goal is to help companies move their workloads to its Structured Query Language analytics product Databricks SQL more easily. BladeBridge’s platform ...
One of Elon Musk’s key DOGE team members, Marko Elez, quits after being outed as a racist
A key staff member of Elon Musk’s Department of Government Efficiency resigned earlier today after he was linked by the Wall Street Journal to a profile on X that had made a number of racist posts, advocating for eugenics and the destruction of Israel and Gaza. The DOGE staffer has been identified as Marko Elez, ...
Amazon’s stock drops as cloud revenue comes up short and it doubles AI spending
Amazon.com Inc. beat Wall Street’s expectations on fourth-quarter earnings and revenue today, but sales in its all-important cloud computing business came up short, and guidance for the current quarter was light. As a result, investors were less than satisfied, and Amazon’s stock fell more than 4% in the late-trading session, erasing a slight gain earlier ...
Lightning AI moves into the AI marketplace with ready-made enterprise applications
Lightning AI, which provides tools for developing artificial intelligence and machine learning algorithms, is getting into the business of packaging those models into ready-made enterprise applications with the launch of Lightning AI Hub. It’s a marketplace where developers and other users can find prebuilt AI applications that are ready to be deployed at the click ...
Qualcomm and Arm shatter Wall Street’s targets, but investors aren’t too happy
Shares of Qualcomm Inc. and Arm Holdings Plc headed south in late-trading today, even though both chipmakers delivered solid quarterly earnings and revenue beats and provided optimistic guidance for the current quarter. In the case of Qualcomm, it delivered stellar results, with fiscal first-quarter earnings before certain costs such as stock compensation coming to $3.41 per ...
