Mike Wheatley
Latest from Mike Wheatley
Didi’s share price drops as it indefinitely bans employees from offloading its stock
Shares in the Chinese ride-hailing app Didi Global Inc. took another beating today following a report by the Financial Times that claims current and former employees at the firm have been banned from selling company stock indefinitely. Didi’s stock lost 5.4% of its value, closing at just $5.30 per share in New York trading. The ...
Zoom buys Liminal assets to boost its virtual event capabilities
Looking to become the hub for online events, Zoom Video Communications Inc. said today it has acquired key assets from a startup called Liminal that builds add-ons for the Zoom platform. Liminal’s add-ons, known as ZoomOSC and ZoomISO, are used to create professional virtual events and Zoom said it plans to natively integrate those capabilities ...
Russia slaps Google and Meta with multimillion-dollar fines for not deleting banned content
Google LLC on Friday was slapped with an unprecedented fine of almost $100 million by a Russian court for its “systemic failure to remove banned content” – the largest penalty ever imposed on a Western tech firm. The Moscow court calculated the fine based on Google’s annual revenue in Russia, which exceeded 85 billion rubles, ...
DOJ delays decision on Apple and Google antitrust charges amid budget crunch
The U.S. Justice Department reportedly has put off a decision on whether to charge Apple Inc. and Google LLC with antitrust violations, despite originally aiming to wrap up its long-running probes of the two tech giants by Dec. 31. A report by Politico today cites two people familiar with the DOJ’s discussions as saying the probes ...
Tencent distributes $16.4B worth of JD.com stock to its shareholders
Chinese technology giant Tencent Holdings Ltd. is offloading its stake in JD.com Inc., the country’s second-largest e-commerce company. Shenzhen-based Tencent will reportedly hand out the 460 million ordinary shares of JD.com worth a reported $16.4 billion to its own shareholders in March, cutting its stake in the firm from 17% to just 2.3%. In addition, ...
Report: Intel to build new chip fab sites in Germany, France and Italy
Intel Corp. has reportedly chosen to construct a new, multi-billion dollar chip fab in Germany, with supporting facilities to be built in France and Italy, as part of its plans to expand computer chip production in Europe. The chipmaker is said to be planning a cutting-edge manufacturing plant in Europe in part to help to ...
Intel’s latest oneAPI toolkits expand cross-architectural support for developers
Intel Corp. has given software developers an early Christmas present with the release of its oneAPI 2022 toolkits today. The new toolkits feature expanded cross-architecture features with several open-source software components. The oneAPI toolkits are meant to help developers experiment with different kinds of computer chips to optimize their application’s performance. With the toolkits, developers can ...
Business process automation firm Hyperscience raises $100M in late-stage round
Human-centered automation startup Hyperscience Inc. said today it has closed on a $100 million late-stage funding round that was led by existing investors Global Founders Capital, Tiger, Stripes and Bessemer. The Series E round of funding brings Hyperscience’s total amount raised to date to $388.9 million. The company was founded in 2014 and offers an ...
GPU-accelerated data analytics startup Brytlyt raises $5M
British data analytics and visualization technology startup Brytlyt Ltd. revealed today that it has closed on a $5 million round led by AlbionVC. Existing investors Amadeus Capital Partners and Finch Capital also participated in the Series A extension. Brytlyt was founded in 2013 and combines its artificial intelligence-based analytics software with graphics processing units to derive ...
AWS cloud suffers a third major outage this month
Amazon Web Services Inc.’s cloud computing operation suffered another outage Wednesday morning – its third this month – causing a huge number of online services to briefly shut down. AWS reported through its status page it had suffered a loss of power at a data center in Northern Virginia, leading to connectivity issues that began ...