Mike Wheatley
Latest from Mike Wheatley
AMD grows its revenue by 71%, brushing aside concerns of a semiconductor slowdown
Computer chipmaker Advanced Micro Devices Inc. brushed aside any concerns of a slowdown in the semiconductor industry today as it delivered fiscal first-quarter earnings and revenue that beat expectations, sending its stock higher in extended trading. The company reported earnings before certain costs such as stock compensation of $1.13 per share on revenue of $5.89 ...
Dell revamps PowerMax, PowerStore and PowerFlex storage arrays with 500+ software updates
Dell Technologies today revealed it has added more than 500 software enhancements to its portfolio of storage arrays. The innovations will enable improvements in intelligence, automation, data mobility and security across clouds, on-premises and edge storage environments for all customers at no added cost, Dell said. Announced at Dell’s annual user conference Dell Technologies World in Las Vegas, ...
Meta AI shares its large language model with AI research community
Meta Platforms Inc.’s artificial intelligence research team said today it’s making large language models more accessible to the scientific and academic research community with the availability of its Open Pretrained Transformer (OPT-175B) model. So-called large language models are natural language processing systems that contain more than 100 billion parameters. LLMs have proven to be transformational ...
Teleport raises $110M to simplify infrastructure access with identity for every user, app and device
Cloud infrastructure access management startup Teleport said today it has become Silicon Valley’s latest unicorn after closing on a $110 million round of funding that brings its total amount raised to $169 million and its valuation to north of $1.1 billion. Today’s Series C round was led by Bessemer Venture Partners and saw participation from ...
NXP Semiconductors beats expectations as chip demand continues to outstrip supply
Netherlands-based chipmaker NXP Semiconductors NV today reported earnings and revenue that came in ahead of expectations, sending its stock slightly higher in after-hours trading. The company reported net income of $657 million for the quarter, with earnings before certain costs such as stock compensation coming to $3.45 per share. That was better than expected, since ...
Arista Networks’ stock climbs on earnings and revenue beat
Arista Networks Inc. delivered above expectations as it reported fiscal first-quarter earnings today that topped analysts’ estimates despite ongoing supply chain constraints. The company also offered strong guidance, sending its stock higher in extended trading. Arista reported first-quarter earnings before certain costs such as stock compensation of 84 cents per share on revenue of $877 ...
Dell partners with Snowflake to ease access to on-premises data
Dell Technologies Inc. said today it’s working with Snowflake Inc. on a new initiative to connect data from its on-premises storage portfolio with the Snowflake Data Cloud. Snowflake Data Cloud is a cloud-native platform that’s designed to eliminate the need for separate data warehouses and data lakes and to share data across entire organizations securely. ...
Dell announces expanded cyber recovery offerings for on-premises and cloud data
Dell Technologies Inc. said today it’s expanding its cybersecurity recovery options for companies across public clouds and their own data centers with a trio of new offerings that together will provide more control over how data is stored, controlled and protected. The new offerings, introduced at Dell Technologies World running this week in Las Vegas, ...
LinearB lands $50M to boost software developer efficiency through metrics and automation
Software developer intelligence platform LinearB Inc. said today it has closed on a new $50 million round of funding that brings its total amount raised to date to $71 million. The Series B round was led by Tribe Capital, which was joined by new investor Salesforce Ventures as well as existing backers Battery Ventures and ...
Western Digital’s stock makes gains on strong earnings and guidance
Data storage giant Western Digital Corp. reported strong third-quarter results today with earnings and revenue that topped expectations and strong guidance for the last quarter of its fiscal year. The company’s stock edged upward by about 1% after-hours, adding to a much stronger gain of 5% during the regular trading session. The company reported net income ...