Mike Wheatley
Latest from Mike Wheatley
SoftBank offloads $5.8B stake in Nvidia to free up cash for OpenAI investment
SoftBank Group Corp. has sold its entire remaining stake in Nvidia Corp. in order to raise funds for its promised $22.5 billion investment in ChatGPT maker OpenAI Group PBC. The Japanese company said in its latest financial earnings report today that it sold all 32.1 million shares it held in Nvidia last month, raising $5.83 ...
AMD snaps up MK1 to accelerate inference and reasoning on Instinct GPUs
Chipmaker Advanced Micro Devices Inc. has added to a string of recent acquisitions, buying a startup called MK1 that develops software to enhance the inference and reasoning capabilities of its artificial intelligence processors. The acquisition was announced today in a blog post by Anush Elangovan, AMD’s corporate vice president of software development, who said MK1’s software ...
CoLab gets $72M in funding to capture the knowledge of the world’s best engineers
CoLab Software Inc., a creator of artificial intelligence tools designed to help automate engineering tasks, said today it has closed on $72 million in Series C funding. The startup has created a platform called EngineeringOS, which is a kind of operating system for engineers that helps to coordinate design reviews, analyze engineering data and collaborate ...
CoreWeave’s stock wavers on data center delay and lower revenue forecast
Artificial intelligence compute infrastructure company CoreWeave Inc. delivered better-than-expected financial results today, but its stock lost ground after-hours when it revealed a tepid revenue forecast and said one of its third-party developers has fallen behind schedule on a key data center facility. The company reported a third-quarter loss before certain costs such as stock compensation ...
Spectral Compute raises $6M to fix CUDA and eliminate the ‘Nvidia tax’ on AI applications
A small British software startup called Spectral Compute Ltd. believes it has what it takes to break Nvidia Corp.’s stranglehold on artificial intelligence data centers after raising $6 million in seed funding today. Spectral Compute isn’t trying to make advanced AI processors that can compete with Nvidia’s high-powered graphics processing units. Rather, its intention is ...
Devtron’s new AI agent optimizes Kubernetes performance and cost so humans don’t have to
The open-source Kubernetes management software startup Devtron Inc. is going “agentic” with one of the biggest refreshes of its platform thus far. Announced at the annual KubeCon North America conference today, Devtron 2.0 unleashes an autonomous site reliability engineer within the platform to handle much of the grunt work that goes into managing Kubernetes deployments. ...
Tsavorite takes on Nvidia with composable AI chiplets based on Arm’s Neoverse architecture
Semiconductor startup Tsavorite Scalable Intelligence Inc. is looking to reinvent the system-on-chip computing architecture for artificial intelligence workloads with its new Omni Processing Unit. It’s a new kind of chiplet that combines a graphics processing unit with a central processing unit, memory and scale-out connectivity on a single, composable device that can be configured for ...
Dremio Cloud debuts an agentic data lakehouse operated by AI agents
Big data lakehouse company Dremio Corp. today announced a new, highly automated and fully-managed version of its platform called Dremio Cloud, promising to free data engineers from drudgery and make them 10 times as productive as they were before. Dremio is the creator of a specialized “agentic” data lakehouse platform that combines the capabilities of data ...
Neuron7 combines deterministic AI with autonomous reasoning to prevent agent hallucinations
Service intelligence startup Neuron7 Inc. said today it has come up with a solution to solve the reliability challenges that prevent enterprises from adopting artificial intelligence agents. That solution is Neuro, which launched today. The company described Neuro as a next-generation AI agent designed specifically for service and support environments that combines deterministic algorithms with ...
JFrog’s stock leaps on big cloud revenue growth and strong guidance
Shares of the software supply chain company JFrog Ltd. shot up more than 25% in extended trading today after it posted solid third-quarter results that flew past analysts’ expectations and followed with strong guidance going forward. The company reported earnings before certain costs such as stock compensation of 22 cents per share, whizzing past Wall ...