Mike Wheatley
Latest from Mike Wheatley
Satya Nadella says AI is now writing 30% of Microsoft’s code but real change is still many years away
Marc Andreessen famously said that software is eating the world, but now it seems that software itself is on the menu, with artificial intelligence taking a huge bite into the business of creating it. According to Microsoft Corp. Chief Executive Satya Nadella, as much as 30% of all of the code inside the company’s software ...
Samsung beats profit and revenue targets thanks to strong AI smartphone sales
Samsung Electronics Co. Ltd. posted a stronger-than-expected first-quarter profit today, with weakness in its core memory chip business offset by strong sales of its newest flagship smartphones. The company, which is the world’s largest maker of memory chips and the second-largest supplier of smartphones, reported a net profit of 8.223 trillion won ($5.74 billion), up ...
Supermicro’s stock plunges on weak preliminary guidance
Super Micro Computer Inc. has found itself in more hot water today after issuing preliminary guidance for its third-quarter earnings and revenue that came in far below Wall Street’s expectations. Its stock tanked after it blamed some customers for delaying orders of new servers and computing products. The company said it expects earnings before certain costs ...
Alibaba claims leadership in AI reasoning with latest Qwen3 models
Chinese technology giant Alibaba Group Holding Ltd. has announced Qwen3, a new family of artificial intelligence models that it says can outperform competing models from companies such as OpenAI and Google LLC. The new release underscores the rapid pace of development within China’s AI industry since DeepSeek Ltd. first burst onto the scene late last ...
ChatGPT goes after Google in online shopping
OpenAI is going after Google LLC with a series of updates to ChatGPT’s search capabilities, including a new shopping experience that offers product recommendations and click to buy links. The new shopping features announced in ChatGPT today will enable users to search for products and then purchase them after clicking on a link that redirects ...
NXP’s stock slumps as CEO Kurt Sievers reveals he’ll retire later this year
Shares of the computer chipmaker NXP Semiconductors N.V. fell more than 7% in extended trading today after it reported lower profitability on declining revenue and revealed its longtime Chief Executive Officer Kurt Sievers will step down at the end of the year. Sievers (pictured) is planning to retire at the end of October, and has ...
NetFoundry raises $12M to bring secure, zero-trust networking to cloud applications
The zero-trust networking startup NetFoundry Inc. said today it has received its first cash injection from venture capitalists, raising $12 million in funding. SYN Ventures was the sole participant in the round, and the cash will be used to help support the startup’s mission to simplify, secure and accelerate innovation in enterprise software. NetFoundry is ...
Intel’s stock dives on lower guidance as new CEO Lip-Bu Tan outlines long-term vision
Intel Corp.’s stock headed south in extended trading today after the company offered disappointing guidance for the current quarter and announced yet more spending and staff cuts that will go into effect this year. In its first-quarter financial results today, Intel reported earnings before certain costs such as stock compensation of 13 cents per share, ...
Alphabet crushes expectations, with cloud, AI and search all showing strength
Alphabet Inc., the parent company of Google LLC and YouTube, delivered better-than-expected results as it posted its first-quarter earnings report today, lifting its stock more than 4% after-hours. The internet search and cloud computing giant reported earnings before certain costs such as stock compensation of $2.81 per share, crushing Wall Street’s target of just $2.01 ...
Legal AI tech startup Noxtua raises €80.7M to help European lawyers automate their work
Germany-based legal technology startup Noxtua SE said today it has closed on an €80.7 million ($91.6 million) round of funding after undergoing a corporate rebranding. The company, which was previously known as Xayn SE, said today’s round was led by Verlag C. H. BECK oHG, the No. 1 publisher of legal books in Germany. It ...
