Mike Wheatley
Latest from Mike Wheatley
Confluent shrugs off takeover reports with strong cloud growth, sending stock higher
Shares of the big-data streaming company Confluent Inc. gained more than 7% in late trading today after the company posted solid third-quarter financial results that eased past analysts’ expectations. The company reported earnings before certain costs such as stock compensation of 13 cents per share, surpassing Wall Street’s target of 10 cents per share, while ...
Report: Amazon to let go of up to 30,000 employees, starting this week
Amazon.com Inc. is reportedly planning to let go up to 30,000 employees in what would be its largest ever round of layoffs. Some workers could be let go as early as Tuesday, as the company makes its latest in a series of moves aimed at cutting down costs and conserving cash. A report by Reuters cited ...
Anthropic strikes multibillion-dollar deal with Google to access a million TPUs
Google LLC has struck a deal with the artificial intelligence startup Anthropic PBC that could be worth tens of billions of dollars. The deal will give Anthropic access to up to one million of Google Cloud’s tensor processing units or TPUs, which it wants to use to train and run large language models such as ...
OpenAI buys Apple Mac automation startup Software Applications
OpenAI said today it has bought a company called Software Applications Inc., which is building an artificial intelligence-based natural language interface for Apple Inc.’s Mac computers. That tool is called Sky, and it has not yet been released, but the company’s website reveals that it’s meant to work as a kind of AI assistant. Similar ...
Intel delivers first profit in six quarters as turnaround gains momentum
Intel Corp.’s turnaround continued making progress, as the company repored strong sales growth in its core personal computer chip business and lower costs from layoffs and other cuts implemented over the past year. The struggling chipmaker, which has fallen far behind rivals such as Nvidia Corp. in the artificial intelligence race, reported a strong revenue ...
Lightricks hits the accelerator, generating video clips in just five seconds
Generative artificial intelligence video pioneer Lightricks Ltd. has responded to recent updates from OpenAI, Google LLC and others with today’s release of what it claims is the fastest video generation model in the business. The new model is called LTX-2, and in addition to the usual improvements in video quality and fidelity, it’s able to ...
Domino Data takes aim at AI costs with autoscaling tools and spot instances
Data science operations startup Domino Data Lab Inc. today unveiled new capabilities in its popular Domino Cloud platform aimed at boosting the scalability of artificial intelligence applications and agents and make them more cost-effective. Domino Cloud is a software-as-a-service platform that’s used by developers from companies such as Bayer AG and Moody’s Corp. to prepare ...
Meta lays off 600 AI workers to streamline its Superintelligence Labs unit
In a surprising move that bucks the trend of Silicon Valley companies aggressively hiring almost anyone with artificial intelligence skills, Meta Platforms Inc. is letting go of more than 600 people from its AI teams. The news was first reported today by Axios, and Meta today confirmed it in a statement to TechCrunch. The layoffs ...
AI operating system startup UnifyApps raises $50M and gets a new co-CEO
UnifyApps, a fast-growing startup that’s trying to build an enterprise-grade operating system for artificial intelligence models and agents, said today it has raised $50 million in a funding round led by WestBridge Capital. It has also named one of its earliest investors, Ragy Thomas (pictured, right), as its chairman and co-chief executive. He’ll lead the ...
IBM’s software growth disappoints investors, sending stock lower
Updated: IBM Corp. delivered third-quarter financial results that surpassed Wall Street’s expectations and raised its guidance, citing tailwinds in artificial intelligence. However, investors were seemingly less than impressed with the company’s software revenue growth, and its stock moved lower after-hours. Update: On Thursday, the stock ended up down only a small fraction of a point. ...