Mike Wheatley
Latest from Mike Wheatley
Alembic Technologies raises $145M and buys an Nvidia-powered supercomputer to accelerate ‘causal AI’
Causal artificial intelligence startup Alembic Technologies Inc. said today it has raised $145 million in a Series B growth round that increases its valuation almost 16-fold. It’s using a big chunk of those funds to invest in what it says is one of the fastest privately owned supercomputers ever built – a new Nvidia Corp. ...
Microsoft brings Atlanta-based AI ‘super factory’ online
Microsoft Corp. said today it’s bringing online its first artificial intelligence “super factory” with the grand opening of its newest multibillion-dollar data center facility in Atlanta. The company said it’s going to link the massive new server farm with existing data center infrastructure elsewhere in the country to ensure it can provide the immense computing ...
OpenAI’s GPT-5.1 model gets a personality makeover and superior reasoning skills
OpenAI Group PBC has announced the first major upgrade to its flagship GPT‑5 large language model, following mixed reviews when it launched in August. The update is intended to make ChatGPT “smarter and more enjoyable” to converse with, the company said today. The release introduces two variants called GPT-5.1 Instant and GPT-5.1 Thinking. The former, which ...
Cisco’s focus on AI infrastructure pays off with strong earnings and revenue beat
Networking giant Cisco Systems Inc. delivered better-than-expected profit and revenue in its fiscal first-quarter earnings results today and offered solid guidance for the current period, demonstrating progress in its efforts to capture more artificial intelligence spending. The encouraging results helped boost Cisco’s stock by more than 7% after-hours, adding to a gain of just over ...
Google Photos adds support for Nano Banana-powered AI editing features
Google LLC today announced one of the biggest updates to the Google Photos application in years, adding a half-dozen new features — many of them powered by its new image and video generation model, Nano Banana. The updates were announced in a blog post by Google Photos Senior Director of Product Management Yael Marzan, who explained ...
SoftBank offloads $5.8B stake in Nvidia to free up cash for OpenAI investment
SoftBank Group Corp. has sold its entire remaining stake in Nvidia Corp. in order to raise funds for its promised $22.5 billion investment in ChatGPT maker OpenAI Group PBC. The Japanese company said in its latest financial earnings report today that it sold all 32.1 million shares it held in Nvidia last month, raising $5.83 ...
AMD snaps up MK1 to accelerate inference and reasoning on Instinct GPUs
Chipmaker Advanced Micro Devices Inc. has added to a string of recent acquisitions, buying a startup called MK1 that develops software to enhance the inference and reasoning capabilities of its artificial intelligence processors. The acquisition was announced today in a blog post by Anush Elangovan, AMD’s corporate vice president of software development, who said MK1’s software ...
CoLab gets $72M in funding to capture the knowledge of the world’s best engineers
CoLab Software Inc., a creator of artificial intelligence tools designed to help automate engineering tasks, said today it has closed on $72 million in Series C funding. The startup has created a platform called EngineeringOS, which is a kind of operating system for engineers that helps to coordinate design reviews, analyze engineering data and collaborate ...
CoreWeave’s stock wavers on data center delay and lower revenue forecast
Artificial intelligence compute infrastructure company CoreWeave Inc. delivered better-than-expected financial results today, but its stock lost ground after-hours when it revealed a tepid revenue forecast and said one of its third-party developers has fallen behind schedule on a key data center facility. The company reported a third-quarter loss before certain costs such as stock compensation ...
Spectral Compute raises $6M to fix CUDA and eliminate the ‘Nvidia tax’ on AI applications
A small British software startup called Spectral Compute Ltd. believes it has what it takes to break Nvidia Corp.’s stranglehold on artificial intelligence data centers after raising $6 million in seed funding today. Spectral Compute isn’t trying to make advanced AI processors that can compete with Nvidia’s high-powered graphics processing units. Rather, its intention is ...