Mike Wheatley
Latest from Mike Wheatley
Twitter’s lawyers tell Musk they’ll take him to court if he reneges on acquisition deal
Lawyers from Twitter Inc.’s new legal team have told the company’s reluctant suitor Elon Musk that his $44 billion deal to acquire the firm is still on, threatening legal action if he doesn’t follow through. The move comes after Musk reportedly informed Twitter he wants to back out of the deal. In a letter dated July ...
Amazon announces backing for Black-founded voice AI tech startups
Amazon.com Inc.’s Alexa Startups today revealed it has chosen seven North American-based and Black-founded startups to enter its inaugural Black Founders Build with Alexa Accelerator. The startups were chosen based on their ability to innovate with Amazon’s digital assistant Alexa and build a new generation of voice, artificial intelligence and ambient experiences in a variety ...
Memory chip prices are falling fast and will likely go much lower, analyst warns
Semiconductor firms are bracing themselves for a steep drop in the price of memory chips, which are stuffed into almost every electronic device. Trendforce, a Taiwan-based market research firm, said in a report today that the price of dynamic random-access memory fell by 10.6% during the April-to-June quarter, the first such decline in more than ...
YuLife raises $120M in Series C funding to gamify life insurance
The gamified life insurance provider YuLife Ltd. is feeling richer today after closing on a $120 million round of funding. Today’s Series C round was led by Dai-ichi Life Insurance Company Ltd. and had the support of existing investors Creandum, LocalGlobe, Target Global, Latitude, Anthemis, OurCrowd, Notion, MMC and Eurazeo, bringing YuLife’s total amount raised ...
Samsung reports increased profits but still falls just short of expectations
Samsung Electronics Co. today reported a lower-than-expected rise in its fiscal second-quarter operating profit, with reduced smartphone sales dragging down its bottom line despite strong demand for its server chips. In its preliminary earnings guidance for the second quarter, the company estimated its operating profit at 14 trillion won ($11 billion), up 11% from a ...
Celus grabs $25M in Series A funding to automate electronic circuit board design
German startup Celus GmbH announced today it has raised $25 million in a new round of funding to help further its goal of using artificial intelligence to streamline printed circuit board development. Today’s Series A round was led by Earlybird Venture Capital and saw participation from DI Capital plus existing investors Speedinvest and Plug and ...
IBM buys observability startup Databand.ai to fix ‘bad’ data issues
IBM Corp. is boosting its data quality capabilities, announcing the acquisition today of a company called Databand.ai Ltd. for an undisclosed amount. Databand.ai is a provider of data observability software that’s used by companies to fix any problems with their data, such as errors, pipeline failures and poor quality. IBM said data quality has become a ...
GoTo buys Miradore to expand its mobile device management expertise
The flexible-work software provider GoTo Technologies Inc. said today it has acquired Finland-based startup Miradore Ltd. to strengthen its capabilities in the cloud-based device management market. GoTo, which was formerly known as LogMeIn until it rebranded earlier this year, sells a range of cloud-based remote working tools that focus on collaboration and information technology management. ...
US pushes Dutch firm ASML to stop selling older chipmaking machines to China
The United States government is reportedly pushing the Dutch semiconductor manufacturing equipment provider ASML Holding NV to stop selling any more of its gear to Chinese chipmakers. A report from Bloomberg today says the U.S. government is intent on curbing China’s rise in matters of chipmaking technology. To that end, it’s seeking to expand an ...
IDC expects cloud spending to surpass noncloud infrastructure for first time this year
Spending on compute and storage infrastructure products for cloud deployments will surpass that of other scenarios for the first time later this year, according to a forecast by International Data Corp. In its latest Worldwide Quarterly Enterprise Infrastructure Tracker: Buyer and Cloud Deployment, IDC said such spending rose 17.2% in the first quarter from a ...