Mike Wheatley
Latest from Mike Wheatley
InstaDeep, creator of AI-powered decision-making systems, raises $100M
InstaDeep Ltd., a Tunisian artificial intelligence startup that’s making advanced decision-making systems to solve real-world problems, said today it has closed on a $100 million funding round. The Series B round was led by Alpha Intelligence Capital and CDIB, and saw a host of other investors participate, including BioNTech, Chimera Abu Dhabi, Deutsche Bahn’s DB ...
F5 Networks’ stock plunges as it warns of supply chain constraints through 2022
Network traffic management and security firm F5 Networks Inc. delivered strong fiscal first-quarter results today, but its stock fell sharply on a warning about supply chain constraints throughout the rest of the year. F5 posted net income of $179 million, or $2.89 per share, on revenue of $687 million, up 10% from the same period a ...
Microsoft delivers $51.7B in quarterly revenue as cloud, gaming, PC sales all grow
Microsoft Corp.’s stock recovered from an early slide and rose almost 3% after-hours following a fiscal second-quarter report that saw the company beat expectations on earnings and revenue. The company reported net income for the quarter of $18.8 billion, up 21% from a year ago, coming to $2.48 a share. Total revenue rose 20%, to ...
Blameless streamlines communications for site reliability engineers
Site reliability engineering platform provider Blameless Inc. wants to help companies boost incident response times with CommsFlow, a new tool announced today that helps streamline communications between engineers and other stakeholders when applications and services go offline. Blameless sells tools for software engineers to respond to incidents with applications, such as when they unexpectedly go ...
Startup Verusen raises $25M to bring AI-powered smarts to supply chain management
Artificial intelligence-powered supply chain management software firm Verusen said today it has closed on a $25 million round of funding as it looks to capture a growing opportunity in the “direct materials” market. Today’s Series B round for Verusen, formally known as Autit Inc., was led by Scale Venture Partners with participation from a host of ...
Customer experience management platform Reputation closes $150M funding
The aptly named online reputation management firm Reputation.com Inc. has a lot more money in the bank today after closing on a $150 million minority growth funding round. The round was led by Marlin Equity Partners, a global investment firm with more than $8.1 billion worth of capital commitments under management. Reputation has built a ...
Meta is building the world’s fastest AI supercomputer to power metaverse ambitions
Meta Platforms Inc. is well on the way to building what it says will be the world’s fastest artificial intelligence-focused supercomputer to tackle new, advanced workloads involving natural language processing and computer vision. The company revealed today the AI Research SuperCluster or RSC, though not yet complete, is already up and running and being used ...
Low-power AI computer chip startup Ceremorphic exits stealth with $50M funding
Energy-efficient artificial intelligence supercomputing chip startup Ceremorphic Inc. is exiting stealth mode today armed with $50 million in a Series A round of funding. The company is developing what it says will be a “complete silicon system” aimed at delivering the required performance for next-generation applications such as AI model training, high-performance computing, automotive processing, ...
Amazon’s new fashion store will use AI to suggest new styles to shoppers
Amazon.com Inc. today announced it’s getting into the fashion retail industry with its first Amazon Style store, which is a new physical store concept infused with technology ranging from QR codes to artificial intelligence, touchscreens and virtual queues. The first Amazon Style store is set to open at The Americana at Brand shopping mall in ...
Meta AI creates algorithm that can learn from speech, text and vision
Meta Platforms Inc.’s artificial intelligence researchers have come up with what they say is the world’s first high-performance, self-supervised algorithm that can train AI in multiple modalities, be it speech, vision or text. The algorithm is called data2vec. Meta said in a blog post today it will enable the creation of smarter AI that can ...