Mike Wheatley
Latest from Mike Wheatley
Dropbox stock drops despite earnings and revenue beat
Cloud storage company Dropbox Inc. may be wondering what it did wrong after seeing its stock fall today despite beating Wall Street’s targets with its third-quarter financial results. The company, which sells cloud-based software that’s used by companies to sync and share files over the internet, reported a profit before certain costs such as stock compensation of 26 ...
Algorithmia debuts a monitoring tool to prevent drift in machine learning models
Artificial intelligence operations and management software provider Algorithmia Inc. is taking on the chore of machine learning model performance monitoring with a new tool announced today that it says provides greater visibility into algorithm inference metrics. Algorithmia is a Google LLC-backed company that sells software designed to make machine learning projects easier to get off ...
Pure Storage hires chief revenue officer as it provides strong revenue forecast
Data storage services provider Pure Storage Inc. said today it’s hiring a new chief revenue officer, longtime VMware Inc. and Cisco Systems Inc. executive Dominick Delfino, and announced preliminary third-quarter revenue that’s ahead of analyst’s expectations. The company, which sells flash memory-based hardware and software products, said Delfino (pictured) will assume the role of CRO ...
Qualcomm’s stock jumps on sales and earnings beat
Smartphone chip company Qualcomm Inc. is flying high today, its stock up more than 12% after posting fourth-quarter financial results that sailed past Wall Street’s expectations. The company reported a profit before certain costs such as stock compensation of $1.45 per share on revenue of $6.5 billion, up 35% from the same quarter a year ago. ...
AI startup Brainome aims to change how companies approach machine learning
An artificial intelligence startup called Brainome Inc. is launching today, hoping to change the way organizations approach machine learning with a new concept it calls “measure-before-build.” The idea is pretty simple. What Brainome’s Daimensions tool does is measure the information content in the data that’s used to train machine learning models against the target type, ...
SAP CEO Christian Klein promises financial help for customers
Enterprise software giant SAP SE Chief Executive Christian Klein today promised financial help in the form of extended customer payment terms as a second wave of COVID-19 rolls over the continent and enforces yet more lockdowns. Speaking to Bloomberg TV, Klein (pictured) said the company will be “reaching out” to customers and service partners that have ...
Lenovo’s quarterly revenue tops $14B on strong demand for PCs
Lenovo Group Ltd. today posted encouraging second-quarter financial results thanks to strong demand for personal computers as more people work from home. The company, which is based in Hong Kong, reported a profit of $2.59 on revenue of $14.5 billion, up 7% from a year ago. It also reported record pretax income of $470 million, up ...
Amazon Web Services will build its own public registry for Docker container images
Amazon Web Services Inc. is planning to create its own public container image registry in response to Docker Inc.’s decision to impose pull rate limits on Docker Hub. The public cloud infrastructure provider has also posted some advice on how customers can avoid their application deployments breaking because of the limits. The Docker Hub is ...
Aeva, which makes lidar sensors for autonomous cars, plans to go public via SPAC merger
A hot startup called Aeva Inc. that develops lidar-based technology for autonomous vehicles, said today it’s planning to go public in a “blank check” merger that will value it at over $2.1 billion. Aeva is planning to merge with a special purpose acquisition company called InterPrivate Acquisition Corp., Reuters reported. SPACs are entities that are ...
Amazon brings Nvidia’s powerful A100 GPUs to its cloud with its P4d instances
Amazon Web Services Inc. said today that its next-generation of graphics processing unit-based compute instances for high-performance computing and machine learning workloads are now generally available for all customers. The Amazon EC2 P4d instances are powered by Nvidia Corp.’s newest and most powerful A100 Tensor Core GPU (pictured) and are designed for advanced cloud applications such ...