Mike Wheatley
Latest from Mike Wheatley
Samsung plans $205B investment in strategic industries, including semiconductors
Samsung Electronics Ltd. said Tuesday it’s planning to invest 240 trillion won, or about $205 billion, into its businesses over the next three years as part of an effort to become a global leader in what it calls “strategically important industries.” The company said those industries include semiconductors, the importance of which is only too ...
Tango gets $5.7M seed funding to automate creation of process documentation
Workflow intelligence startup Tango Technology Inc. is hoping to transform process documentation for sales teams and create more opportunities for collaboration after landing $5.7 million in a seed funding round. Wing Venture Capital led the round, which also saw participation from General Catalyst, Global Silicon Valley, Outsiders Fund and Red Sea Ventures. Angel investors Michael ...
Nvidia’s partnership with VMware aims to enable AI across enterprise for every workload
Nvidia Corp.’s year-long collaboration with VMware Inc. is finally bearing fruit with today’s general launch of the new Nvidia AI Enterprise platform, a suite of artificial intelligence tools and frameworks that make it possible to virtualize AI workloads and run them on Nvidia-certified server systems. Nvidia AI Enterprise will make it possible for companies to ...
IBM’s new Telum processor speeds AI inference on-chip to detect fraud in real time
IBM Corp. showed off a new chip at the Hot Chips event today that can perform deep learning predictions on enterprise workloads in real time to address fraud. The new Telum chip is IBM’s first processor that features on-chip acceleration for artificial intelligence inferencing, or the process of making predictions on data, while transaction are ...
Palo Alto Networks’ stock jumps on another solid earnings beat
Palo Alto Networks Inc. posted impressive revenue growth today, easily beating Wall Street’s fiscal fourth-quarter forecasts and causing its stock to surge in extended trading. The company reported a profit before certain costs such as stock compensation of $1.60 per share on revenue of $1.2 billion, up 28% from a year ago and besting revenue growth ...
Gartner highlights key trends powering the rise of emerging technologies
Research firm Gartner Inc. has identified engineering trust, accelerating growth and sculpting change as the three main trends driving organizations to explore a range of new and emerging technologies it has identified in its latest Hype Cycle. The 2021 Gartner Hype Cycle For Emerging Technologies report, released today, highlights the rise of nonfungible tokens or ...
Microsoft to hike Office 365 business subscription fees next year
Microsoft Corp. said today it’s bumping up the price of some of its commercial subscriptions for Microsoft 365 and Office 365 bundles, which include popular productivity apps such as Word and Excel. The price hikes were announced by Microsoft 365 Corporate Vice President Jared Spataro, who said they’re “the first substantive pricing update” since the ...
Adobe buys collaborative video editing software firm Frame.io for $1.275B
Adobe Inc. wants to help video creators be more creative after acquiring video review and collaboration platform provider Frame.io Inc., for a reported $1.275 billion in cash. Frame.io, whose acquisition was announced today, will add more capabilities to Adobe’s Creative Cloud, which accounts for the bulk of the company’s revenue. Founded in 2014 by post-production specialist ...
GlobalFoundries files for IPO, dashing hopes of Intel acquisition
The chipmaker GlobalFoundries Inc. has reportedly filed its plans for an initial public offering, delivering a blow to Intel Corp.’s hopes of acquiring the company. Reports emerged in July that Intel was in discussions to acquire GlobalFoundries for as much as $30 billion, in order to accelerate new Chief Executive Officer Pat Gelsinger’s plans to ...
Nvidia delivers another earnings beat on massive growth in gaming
Nvidia Corp. extended its hot streak with its second-quarter financial results today, easily beating expectations thanks to strong gains in gaming, data center and professional visualization. The company reported a profit before certain costs such as stock compensation of $1.04 per share on revenue of $6.51 billion, up an impressive 68% from the same period one ...