Mike Wheatley
Latest from Mike Wheatley
Snowflake Inc. crushed the market’s expectations as it delivered solid second-quarter financial results today, before raising its outlook for the fiscal year. The results, which come in the wake of strong reports by Salesforce Inc. and Workday Inc. last week, further undermine …
Broadcom beats expectations as AI labs double down on custom chips
Custom chipmaker Broadcom Inc. beat expectations on earnings and revenue in its third-quarter financial report and hinted at the prospect of doing more business with leading artificial intelligence labs. However, its stock came under pressure in late trading after it issued a …
Critical Materials Group raises $10.3M to automate production of military-grade explosives
A startup called Critical Materials Group wants to automate military munitions production and fix a critical bottleneck in the supply chain for explosive materials after raising $10.3 million in seed funding. Today’s round was led by Overmatch Ventures and saw participation from …
Fei-Fei Li’s World Labs debuts Atlas, a world model showcase for advanced spatial intelligence
World Labs Inc., the high-profile and well-funded artificial intelligence startup co-founded by the renowned computer vision pioneer Fei-Fei Li, has just dropped Atlas, which promises to be a game-changer in the world of “world models.” In a blog post, World Labs explained …
MongoDB delivers stellar earnings and revenue beat, but its stock tanks anyway
Database company MongoDB Inc. crushed Wall Street’s forecasts as it delivered its second-quarter financial results today and followed up with strong guidance for the current quarter and even raised its full-year outlook. But if anyone was thinking that ought to be enough …
Dell’s AI servers sell like hotcakes again, driving a stunning earnings beat
Shares of the personal computer and data center server maker Dell Technologies Inc. rose more than 6% in late trading today after it reported earnings and revenue that easily beat expectations. The company reported second-quarter earnings before certain costs such as stock …
After raising $10M in funding, Visko debuts Orbis, its first live model for generating long-form videos
Visko Platform Inc., an artificial intelligence research lab focused on developing persistent world models, said today it has raised $10 million in a pre-seed funding round from Llama Ventures. It’s also opening public access to its first foundation model, Orbis, which is …
OpenAI says its ad business has already hit $1B in annualized revenue
OpenAI Group PBC today sought to justify its controversial decision to start running ads in ChatGPT several months ago, saying its new advertising business has now crossed the $1 billion annualized revenue run rate mark. In a blog post, OpenAI said the …
Amazon targets data-intensive workloads with Graviton5-powered R9g and R9gd instances
Amazon.com Inc. is bringing its new AWS Graviton5 processors to more workloads with the launch of its new, memory-optimized R9g and R9gd instances, which are available today in multiple cloud regions. They were revealed in a blog post by AWS Principal Developer …
After posting a solid earnings beat, Elastic’s stock bounces higher in extended trading
Shares of the enterprise search software company Elastic N.V. soared more than 19% in extended trading today after the company delivered fiscal first-quarter results that easily beat Wall Street’s targets. The company reported earnings before certain costs such as stock compensation of …