Mike Wheatley
Latest from Mike Wheatley
Kore.ai announces pay-as-you-go pricing for low-code AI chatbot development
Startup Kore.AI Inc. said today it’s making its “low code” conversational artificial intelligence tools available on a pay-as-you-go basis, expanding their availability to smaller businesses. Backed by Nvidia Corp., Kore.AI offers tools that can be used by companies to easily build AI chatbots or virtual assistants for customer support. The key thing about its tools ...
Property management software provider Guesty raises $170M
The short-term rental property management portal Guesty Inc. said today it has closed on a bumper $170 million late-stage round of funding, bringing its total amount raised to date to $284.5 million. Today’s Series E round was led by existing investor Apax Digital Funds and included participation from MSD Partners, Sixth Street Growth, Viola Growth ...
US announces export ban on advanced semiconductor manufacturing tech
The United States has banned the export of four key semiconductor manufacturing technologies that it says are “vital to national security.” The U.S. Commerce Department’s Bureau of Industry and Security said Friday that the new rule, enacted today, bans the export of two “ultrawide bandgap” semiconductor materials, plus some types of electronic computer-aided design and ...
Thoma Bravo is holding talks to acquire cybersecurity firm Darktrace
Private equity giant Thoma Bravo LLC is said to be mulling an offer today to acquire the British cybersecurity firm Darktrace Plc. Although no offer has been made yet, Darktrace said in a regulatory filing that talks have taken place over a possible deal and that an offer may follow. The company’s stock jumped 24% ...
Former Qualcomm exec charged with tricking it into buying $150M startup he created while working there
A former vice president of research and development at Qualcomm Inc. has been charged with conspiring to fraudulently sell a startup to the chipmaker for $150 million. Prosecutors say that under the terms of Karim Arabi’s (pictured) contract with Qualcomm, anything that he created while working for the chipmaker was its property. So Qualcomm unwittingly ...
Expensify’s earnings and revenue miss sends its stock down after-hours
Shares of the business payments platform provider Expensify Inc. fell sharply in extended trading after the company missed Wall Street’s expectations, posting a surprise loss instead of a profit. The company reported a second-quarter loss before certain costs such as stock compensation of 10 cents per share on revenue of $43.2 million, up 22% from ...
Rivian shipped more electric cars, beating revenue estimates, but its loss widens
Rivian Automotive Inc., the electric vehicle maker, reported solid financial results today as it maintained its guidance for full-year vehicle deliveries. However, the company slashed its full-year profit outlook, sending its stock slightly lower in after-hours trading. The company reported a net loss of $1.71 billion in the quarter, with a loss before certain costs ...
OpenAI improves its AI-powered content filter and makes it free to use
The nonprofit artificial intelligence research outfit OpenAI Inc. today announced a major update to its free content moderation tool, and it’s available now to all developers. The updated Moderation endpoint enables access via an application programming interface to OpenAI’s Generative Pre-trained Transformer-based classifiers, which are AI models that have been trained to detect undesirable content ...
Amazon debuts new data storage capabilities at AWS Storage Day
Amazon Web Services Inc. said today that it’s placing more importance on “data resiliency” within its flagship Amazon Elastic Block Store service with the addition of a new feature it’s calling “crash consistent snapshots,” available for subsets of EBS volumes. The new feature makes it simpler and more affordable to create “multivolume snapshots” of specific ...
Gartner to enterprises: Keep tabs on these 25 emerging tech trends
The analyst firm Gartner Inc. today published an updated Hype Cycle for Emerging Technologies focused on three key trends: the evolution and expansion of immersive experiences, the acceleration of artificial intelligent automation, and what it calls optimized technologist delivery. The new technologies differ quite sharply from those on Gartner’s previous 2021 Hype Cycle. The analysts that ...