Mike Wheatley
Latest from Mike Wheatley
Intel’s revival hits a bump in the road as its guidance falls short of expectations
Updated: Shares of Intel Corp. nosedived in extended trading today after the company beat expectations in its fourth-quarter financial results but followed up with soft guidance for the current quarter. The company reported earnings before certain costs such as stock compensation of 15 cents per share, easily beating Wall Street’s expectations of eight cents per ...
Chip startup Neurophos gets $110M to replace electrons with photons and accelerate AI compute
Another day, and another artificial intelligence chipmaker is raking in millions of dollars in funding. Today it’s a startup called Neurophos Inc., which has just closed on an oversubscribed early-stage funding round worth $110 million, bringing its total amount raised to $118 million to date. The Series A round was led by Gates Frontier and ...
Yuki launches with $6M in funding to help businesses manage spiraling AI data costs
Big-data cost optimization startup Yuki Technologies Ltd. wants to help enterprises keep a lid on the cloud infrastructure bills associated with their artificial intelligence projects after raising $6 million in funding today. The seed round, which was led by Hyperwise Ventures and saw participation from VelocitX, Tal Ventures, Fresh.fund and Yakir Daniel, the co-founder of ...
Blue Origin to take on Starlink with ultra-high-speed satellite network TeraWave
Jeff Bezos’ space company Blue Origin Enterprises LP today announced plans to launch a new, ultra-high-speed satellite constellation network called TeraWave, which will provide additional competition to Elon Musk’s Starlink. With data speeds of up to 6 terabits per second, it’ll be much faster than any existing satellite-based Wi-Fi network, making it ideal for enterprises, ...
BitGo stock jumps 25% in NYSE debut, then settles up 3%, as crypto entices investors
Updated: The cryptocurrency exchange platform BitGo Holdings Inc. saw its shares jump nearly 25% in early trading today after it raised $213 million late Wednesday from its initial public offering of stock. The shares opened at $22.43 apiece, after the company priced shares at $18 Wednesday, above its previously anticipated range of $15 to $17. At the ...
Agentic risk and compliance automation startup RiskFront raises $3.3M to hunt down financial fraudsters
A Los Angeles-based firm called RiskFront Inc. is ready to unleash a squad of artificial intelligence agents to tackle financial crimes such as fraud and money laundering after raising $3.3 million in preseed funding today. The round was led by Lytical Ventures and saw participation from Flint Capital and Oceans, and will help the company ...
Preply raises $150M to enhance human-led language learning with AI
Global language learning marketplace Preply Inc. said today it has raised $150 million in a late-stage funding round that will help accelerate the adoption of its platform, which pairs human teachers with artificial intelligence co-pilots to enhance learning experiences. WestCap was named as the sole investor in the Series D round, which brings Preply’s total ...
Datarails raises $70M to inject AI smarts into Excel-based finance
Artificial intelligence-native financial platform Datarails Ltd. said today it has closed on a $70 million Series C funding round that brings its total amount raised to more than $175 million. The round was led by the growth equity investor One Peak and saw participation from a host of other backers, including Vertex Growth, Vintage Investment ...
Ivo AI raises $55M to scale contract intelligence for legal teams
Legal artificial intelligence technology startup Ivo AI Inc. said today it has closed on a $55 million funding round as it looks to accelerate the development of its platform and expand its product and engineering teams. The Series B round, which values the company at $355 million, was first reported by Forbes. It was led ...
ServiceNow partners with OpenAI to develop and deploy enterprise-grade AI agents
Enterprise software giant ServiceNow Inc. has inked a three-year deal with OpenAI Group PBC so it can integrate the ChatGPT maker’s most advanced artificial intelligence models into its platforms. The terms of the contract were not disclosed, but the Wall Street Journal reported that it includes a revenue commitment from ServiceNow. The exact value of ...