Mike Wheatley
Latest from Mike Wheatley
Crowd screening tech firm Evolv is going public via a SPAC merger
Crowd-safety technology provider Evolv Technologies Inc. announced Sunday that it will become the latest startup to go public via a merger with a special-purpose acquisition company rather than through an initial public offering. The company is planning to merge with the blank-check firm NewHold Investment Corp. in a deal that’s expected to close during the ...
Pittsburg is moving its IT infrastructure to Google’s cloud
The City of Pittsburgh said today that it’s planning to migrate its legacy information technology infrastructure to Google Cloud. The move is a big win for Google LLC, enabling it to highlight the strength of its public sector cloud offerings. For their part, Pittsburgh officials said that once the migration to Google is complete, they ...
Facebook’s new AI model SEER can teach itself to recognize images
Researchers at Facebook Inc. have created an artificial intelligence-based image recognition model called SEER that’s able to describe what it’s seeing without being trained first on a labeled dataset. Facebook said that SEER, which is an acronym for “Self-SupeERvised,” is a breakthrough that could lead to a “revolution” in computer vision. The SEER model, outlined ...
Telehealth startup TytoCare raises $50M in oversubscribed Series D round extension
Artificial intelligence-powered telehealth startup TytoCare Ltd. said today it has raised an extra $50 million in an extension of a Series D funding round that brings its total funding to $155 million. Insight Partners led the round, joined by new investors Tiger Global and Qumra Capital. Existing investors Qualcomm Ventures, Olive Tree Ventures and Shenzhen ...
Semiconductor giant Broadcom posts solid earnings beat
Broadcom Inc.’s stock fell slightly in after-hours trading today despite the chipmaker posting a solid fiscal first-quarter earnings beat. The company reported a profit before certain costs such as stock compensation of $6.61 per share on revenue of $6.655 billion. That was up 14% from the same quarter a year ago. The results just beat Wall Street’s ...
Splunk smashes Wall Street’s expectations as its cloud revenue soars
Investors in big data analytics company Splunk Inc. had lots to cheer about today as the company posted earnings that crushed Wall Street’s expectations. The company’s annualized recurring revenue from cloud software, a key measure of its transition to cloud services, also topped estimates by some distance. Splunk reported a fourth-quarter profit before certain costs such ...
Snowflake beats revenue forecast but posts bigger loss than expected
Cloud data warehouse firm Snowflake Inc. beat expectations today for its fiscal fourth-quarter revenue, but a larger-than-expected loss caused its stock to dive in after-hours trading before it recovered later. The company reported a loss before certain costs such as stock compensation of 70 cents per share on revenue of $190.5 million, up 117% from ...
Google announces Flutter 2 with support for the web and desktop apps
Google LLC pushed out a major update today to its open-source Flutter framework that’s used to build applications that can run on multiple computing platforms. The big news is that Flutter 2, as the release is called, has been expanded to become a portable framework rather than just a mobile framework, which means it can ...
Scarf Systems aims to give developers more control of their open-source software
Exiting stealth mode today, Scarf Systems Inc. says it’s on a mission to help open-source software developers make better, data-informed decisions and ensure they receive more compensation for their efforts too. The company says it’s backed by a seed funding round of an undisclosed amount led by Wave Capital, 468 Capital, Scott Belsky and Kevin Hartz. ...
Intel ordered to pay $2.18 billion for patent infringement
Computer chipmaker Intel Corp. suffered a major blow today after losing a high-profile patent infringement trial and being ordered to pay $2.18 billion in compensation. Intel had denied infringing on two patents owned by VLSI Technology LLC, saying that one of them was invalid because it covers work that was also performed by its own ...