Mike Wheatley
Latest from Mike Wheatley
Strong cloud services growth helps Pure Storage and NetApp beat expectations
Data storage rivals Pure Storage Inc. and NetApp Inc. reported financial results that beat expectations, sending their stocks higher in after-hours trading today. The star of the show was Pure Storage, which reported a second-quarter loss before certain costs such as stock compensation of 16 cents per share on revenue of $496.8 million, up 23% ...
Snowflake’s stock gains after-hours despite mixed earnings report
Snowflake Inc.’s stock gained in extended trading today as it raised its full-year product revenue outlook following a mixed second-quarter earnings report. The company reported a loss before certain costs such as stock compensation of 64 cents per share on revenue of $272.2 million, up 103% from a year ago, which shows its business is ...
Quantum Brilliance gets $9.7M seed funding to accelerate quantum accelerators
Quantum Brilliance GmbH, an Australian-German startup that’s aiming to transforming quantum computing using synthetic diamond accelerators, has just closed on a $9.7 million seed funding round. Main Sequence Ventures and QxBranch Inc.’s founders’ investment consortium co-led today’s round, which also saw participation from CP Ventures, Investible, Jelix Ventures, MA Financial Group Venture Fund, R3I Ventures ...
Nvidia-powered Polaris supercomputer to usher in a new era of ‘exascale’ AI
Nvidia Corp. is helping the U.S. Department of Energy’s Argonne National Laboratory build another incredibly powerful supercomputer, it announced today. The Polaris supercomputer (pictured) is said to be the DOE’s largest graphics processing unit-based machine so far. It’ll be hosted at the Argonne Leadership Computing Facility, where it will aid research and discovery with extreme ...
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 ...