Mike Wheatley
Latest from Mike Wheatley
Intel to spend $3.5B on New Mexico fabs and $600M on chip R&D centers in Israel
Updated Intel Corp. confirmed today it’s planning to invest $600 million to expand its research and development facilities in Israel, in addition to the $10 billion it has already committed toward building a new chip manufacturing plant in the country. The announcement came from Intel Chief Executive Pat Gelsinger during a one-day visit to the ...
Facebook’s DINO enables self-supervised learning for computer vision AI
Facebook Inc.’s artificial intelligence research team today announced more breakthroughs, this time in the areas of self-supervised learning and semi-supervised learning for computer vision. Self-supervised learning in AI, also known as unsupervised learning, refers to teaching computers, or AI models, to perform certain tasks without humans having to provide labeled data. In computer vision, AI ...
Twitter squawks as user growth and guidance come up light
Twitter Inc. took a beating in after-hours trading today, its stock down more than 11% after missing expectations on user growth and offering lower-than-expected guidance for the next three months. That took the sheen off an otherwise solid performance. Twitter reported a first-quarter profit before certain costs such as stock compensation of 16 cents per share ...
Atlassian beats forecast again as more customers switch to cloud subscriptions
Developer and collaboration software company Atlassian Corp. Plc. is flying high today after delivering third-quarter financial results that sailed past Wall Street’s expectations. The company reported a profit before certain costs such as stock compensation of 48 cents per share on revenue of $569 million, up 38% from a year ago. Wall Street analysts had modeled earnings ...
ServiceNow’s stock falls sharply after it added fewer large contracts in Q1
Cloud automation software company ServiceNow Inc. delivered strong revenue growth as it beat expectations with its first quarter financial results today, but its stock fell after-hours when it said it added fewer big contracts than in previous quarters. The company reported earnings before certain costs such as stock compensation of $1.52 per share on revenue ...
Qualcomm delivers 52% revenue growth as it welcomes its new CEO
Smartphone chip giant Qualcomm Inc. delivered a blowout quarter today with earnings and revenue that easily beat Wall Street’s expectations combined with triple-digit operating income growth. The company reported a second-quarter profit before certain costs such as stock compensation of $1.90 per share on revenue of $7.94 billion, up 52% from a year ago. Wall Street ...
Judge blocks latest move to dismiss Amazon’s JEDI cloud contract protest
Amazon Web Services Inc. won a small victory in its ongoing legal fight to block the U.S. Department of Defense’s decision to award the Joint Enterprise Defense Infrastructure cloud contract to rival Microsoft Corp. when a judge today declined to dismiss its protest lawsuit. The JEDI contract, which could be worth up to $10 billion over the ...
Cloud security startup Sysdig bags $188M in late-stage funding round
Container environment security startup Sysdig Inc. joined the unicorn club today after raising $188 million in a late-stage funding round. The Series F round, led by Third Point Ventures and Premji Invest with participation from Accel, Bain Capital Ventures, DFJ Growth, Goldman Sachs, Insight Partners and Next47, brings Sysdig’s value to $1.18 billion, the company ...
AMD smashes earnings expectations by almost doubling revenue
Advanced Micro Devices Inc. showed no signs of slowing down today, delivering stellar first-quarter financial results that easily beat expectations as it almost doubled its revenue from a year ago. The company’s growth was driven by strong sales across all of its major product lines, including its Ryzen chips for personal computers, its EPYC server ...
Red Hat bakes cloud security into the heart of Red Hat OpenShift
Red Hat Inc. is betting that enterprises will be interested in its ability to secure hybrid cloud applications better with a new and more advanced iteration of its Red Hat OpenShift platform. The enhanced offering is complemented by a suite of new, fully managed cloud services that are designed to work with Red Hat OpenShift ...
