Mike Wheatley
Latest from Mike Wheatley
Despite earnings beat, UiPath’s stock tanks on lower guidance
Shares in the business automation firm UiPath Inc. tanked by almost 19% in after-hours trading today after the company issued a lower revenue outlook for the next quarter and fiscal year. The disappointing guidance failed to make up for the robotic process automation leader beating expectations in its fiscal fourth-quarter results. The company reported a ...
Meta open-sources AI models to generate biographies for notable women on Wikipedia
Meta Platforms Inc.’s artificial intelligence research unit said today it has developed an AI model that can research and write drafts of Wikipedia-style biographical entries, in order to address a noticeable imbalance on the world’s most popular encyclopedia. In a blog post, Meta AI research scientist Angela Fan points out that of all the English-language ...
DevOps startup Garden.io raises $16M to improve cloud software delivery cycles
Kubernetes tooling startup Garden Germany GmbH, which does business as Garden.io, said today it has raised $16 million in a new round of funding aimed at helping it fulfill its mission of improving developer productivity. Today’s Series A round was co-led by 468 Capital and Sorenson Ventures and included participation from existing backers Crowberry Capital, ...
Healthcare-focused AI and data startup ConcertAI bags $150M in Series C funding
ConcertAI LLC, a provider of real-world data and artificial intelligence services for the healthcare and life sciences industries, reached unicorn status today. The company closed on a $150 million Series C round of funding led by Sixth Street that brings its valuation to $1.9 billion. Previously known as Concerto HealthAI, the company sells healthcare data and AI ...
Strong chip demand helps Micron crush earnings and revenue forecasts
Computer chipmaker Micron Technology Inc. made gains in late trading today after posting second-quarter revenue and profit that topped Wall Street’s expectations, following that with a higher outlook as well. The company reported a net income of $2.26 billion, with earnings before certain costs such as stock compensation coming to $2.14 per share. Revenue for ...
OmniML exits stealth with $10M to bring more powerful AI to the edge
A startup called OmniML stepped out of the shadows today, armed with $10 million in seed funding to pursue its mission of accelerating artificial intelligence on low-powered devices at the network edge. The seed round was led by GGV Capital, with participation from Qualcomm Ventures, Foothill Ventures, Matrix Partners, Tectonic, GSR and IMO. OmniML is ...
Pinecone raises $28M to revolutionize unstructured data search with AI
Serverless vector database startup Pinecone Systems Inc. is repositioning itself as a search infrastructure technology provider, having just announced closing on a $28 million round of early-stage funding today. Today’s Series A round was led by Menlo Ventures and included the participation of new investor Tiger Global and previous backers such as Wing Venture Capital, ...
Celonis buys data process mining rival Process Analytics Factory
German data process mining software firm Celonis GmbH made a key acquisition today, buying a rival in the market called Process Analytics Factory GmbH for an undisclosed fee. Celonis said the acquisition will make it easy for millions of users of Microsoft Corp.’s Power Platform to tap its Execution Management System and increase the efficiency ...
Cloud sales lift data center hardware and software spending to new heights
Public cloud infrastructure giants such as Amazon Web Services Inc., Microsoft Corp. and Google LLC have given data center sales a big boost over the last year, helping drive increased profits at manufacturers such as Dell Technologies Inc. and Cisco Systems Inc. Over the last 12 months, they have spent billions of dollars to kit ...
IonQ delivers first earnings report since going public
Quantum computing company IonQ Inc. delivered its first quarterly financial results since going public today, beating Wall Street’s estimates on revenue. The company reported a net loss in the fourth quarter of $106.2 million, or 39 cents per share. Revenue for the period came to $1.65 million, higher than its own forecast of $900,000 in ...