Mike Wheatley
Latest from Mike Wheatley
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 ...
Report: Amazon tipped to ship revamped Alexa AI updates later this month
Amazon.com Inc.’s Alexa team is inviting journalists to attend a big product event in New York City later this month, where it’s expected to announce more advanced artificial intelligence capabilities for its popular digital assistant. One of Amazon’s key Alexa executives, Panos Panay, who is senior vice president of devices and services at the company, ...
Juniper’s revenue and profit rises on strong demand for AI networks
Juniper Networks Inc. beat Wall Street’s expectations and notched up a higher profit today as it posted its preliminary fourth-quarter financial results. The report came as the company prepares to face down the U.S. Justice Department in a legal tussle over its pending $14 billion acquisition by its rival Hewlett Packard Enterprise Co. The company, ...
AMD’s data center revenue comes up short, leaving investors dismayed
Investors bailed on Advanced Micro Devices Inc. late today after the chipmaker reported lower-than-expected revenue in its key data center segment, despite posting solid results overall. The company revealed fourth-quarter earnings before certain costs such as stock compensation of $1.09 per share on record-breaking revenue of $7.66 billion, up 12% from a year earlier. The results came ...
Alphabet’s stock plunges on revenue miss and high AI spending
Investors bailed on Google LLC’s parent company Alphabet Inc. in late trading today after it posted fourth-quarter revenue that fell short of Wall Street’s expectations. The company only just came in ahead of expectations on earnings too. It reported earnings before certain costs such as stock compensation of $2.15 per share, edging past the Street’s ...
Programmatic ads platform StackAdapt snags $235M in funding
The programmatic advertising platform startup StackAdapt Inc. today revealed it has closed on a hefty $235 million round of funding, bringing its total amount raised to date to more than $500 million. Teachers’ Venture Growth, which is the late-stage venture and growth investment arm of the Ontario Teachers’ Pension Plan, led the round, with participation ...
Adobe’s Acrobat AI Assistant digs into contracts to help users understand what they’re agreeing to
Adobe Inc. is beefing up its Acrobat AI Assistant tool with a new artificial intelligence capability that’s focused on analyzing contracts. Called Contract AI, it can ingest hundreds of contractual documents and analyze them in seconds, so users can understand complex terms, identify differences between agreements and verify information within them. The Acrobat AI Assistant ...
Concerns grow as Elon Musk’s DOGE team gains access to yet more sensitive government databases
After controversially being granted access to the U.S. Treasury’s payments system, Elon Musk and his nongovernmental team of government spending slashers have now gotten their hands on a federal human resources database containing sensitive data on millions of federal employees. According to a report by Musk Watch journalists Caleb Ecarma and Judd Legum, Musk’s associates ...
