Mike Wheatley
Latest from Mike Wheatley
IBM is teaching AI models to express how confident they are about their decisions
IBM Corp. wants to make artificial intelligence models more reliable by giving them the ability to express when they’re not sure of something. The problem IBM is trying to tackle is that AI systems are sometimes too confident for their own good, and that means they make predictions that can be extremely unreliable in certain ...
Cisco Webex to gain new audience engagement capabilities and more
The evolution of Cisco Systems Inc.’s Webex video call and collaboration platform is gathering speed as the company prepares to cater to the so-called “hybrid work era” that will see more people work from home as a matter of course. The company said in today’s announcement that it believes the remote interactions ushered in by ...
Oracle shows off more ‘Always Free’ cloud resources for developers
Oracle Corp. has massively expanded the number of “Always Free” services it offers to developers, as part of an effort to encourage more people to try out its Oracle Cloud Infrastructure platform. Oracle Cloud Infrastructure is the company’s main infrastructure-as-a-service offering that provides computing resources such as servers, storage, networking and applications from its global ...
ID verification startup Trulioo raises $394M in late-stage funding
Identity verification provider Trulioo Inc. is feeling a lot richer today after securing $394 million in a late-stage round of funding. TCV led the Series D round, with participation from existing investors Amex Ventures, Citi Ventures, Blumberg Capital and Mouro Capital. Vancouver-based Trulioo sells a digital identity and address verification platform that works for both ...
PagerDuty beats Street with strong revenue growth but its stock falls on lower guidance
Incident response platform company PagerDuty Inc. suffered an after-hours beating today as its stock fell despite some encouraging financial results. The company reported a fiscal first-quarter loss before certain costs such as stock compensation of eight cents per share on revenue of $63.6 million, up 28% from a year earlier. That was better than expected, ...
MongoDB kicks off fiscal 2022 with a solid earnings beat on strong cloud sales
Open-source database company MongoDB Inc. showed strong growth again as it posted financial results today that beat expectations on both earnings and revenue, sending its stock higher after-hours. The company reported a fiscal first-quarter loss before certain costs such as stock compensation of 25 cents per share. Sales for the period rose 39% from a ...
Broadcom beats earnings expectations as chip revenue grows 20%
Semiconductor firm Broadcom Inc. reported higher-than-expected revenue today thanks to huge demand for its computer chips. It offered a bullish forecast too, saying demand from cloud infrastructure companies and service providers shows no sign of slowing down. The company reported a second-quarter profit before certain costs such as stock compensation of $6.62 per share. Overall revenue ...
Revenue intelligence startup Gong raises $250M in late-stage funding
Sales revenue intelligence company Gong.io Inc. has raised $250 million in a new round of funding that brings its total amount raised to date to $584 million. Franklin Templeton led the Series E round, with participation from Coatue, Salesforce Ventures, Sequoia, Thrive Capital and Tiger Global, Gong said today. Gong is attracting big money for ...
Elastic’s stock rises sharply on strong quarterly revenue beat
Netherlands-based enterprise search company Elastic NV’s stock jumped in after-hours trading today thanks to strong performances from its emerging observability and security businesses in its fiscal fourth quarter. The company reported a loss before certain costs such as stock compensation of 8 cents per share, lower than both its own projected range of a loss ...
Splunk’s stock sinks on bigger-than-expected quarterly loss
Splunk Inc. reported a bigger-than-expected loss in its fiscal first-quarter financial results today that, coupled with a revenue outlook that was below consensus, sent the big-data company’s stock down more than 3% in after-hours trading. The company reported a loss of 91 cents per share on revenue of $502 million, up 16% from a year ...