Mike Wheatley
Latest from Mike Wheatley
Oracle secures $7B contract to supply the Pentagon with vital software and services
Database giant Oracle Corp. has signed a new, multibillion-dollar deal with the Pentagon that will see it provide its software to branches of the U.S. military, Coast Guard and intelligence community over the next 10 years. The deal, valued at almost $7 billion, includes a five-year base period for both perpetual and subscription-based software licenses, ...
SAP shrugs off fears of AI eating software with big earnings beat
Enterprise software giant SAP SE’s stock inched up in late trading today after it shook off concerns that its business might become a victim of the artificial intelligence boom by posting solid results in its latest earnings report. The strong numbers posted by SAP today suggest that AI tools that can automate some kinds of ...
Intel posts its highest revenue growth in 15 years, crushing expectations in its latest results
Chipmaker Intel Corp. delivered better-than-expected results today after recording its fastest rate of revenue growth for any quarter since 2011. It also provided guidance that topped analyst’s expectations, sending its stock higher in after-hours trading. The company absolutely crushed expectations, reporting earnings before certain costs such as stock compensation coming to 42 cents per share, ...
AMD debuts next-generation AI infrastructure for frontier models, agentic workloads and autonomous robots
Advanced Micro Devices Inc. is pushing harder than ever to grab even more market share from Nvidia Corp. in the artificial intelligence chip industry. At its Advancing AI 2026 event today in San Francisco, the chipmaker announced a slate of updated hardware, including its next-generation AMD Instinct MI400 Series graphics processing units and the sixth-generation ...
Real-time speech intelligence startup Cast Insights raises $4.5M to track the world’s TV, radio and podcasts
Cast Insights, a startup that’s building a real-time competitive intelligence layer for ephemeral speech, launched its platform today after closing on $4.5 million in a pre-seed funding round. The investment was led by Abstract Ventures and saw participation from HF0, Village Global, Max Ventures, Embassy Ventures and Stratus Ventures. The San Francisco-based startup, which emerged ...
Senior White House official accuses Moonshot AI of copying Anthropic’s leading frontier model
A senior White House official has accused Chinese artificial intelligence startup Moonshot AI of using so-called “distillation” techniques to essentially pirate the capabilities of Anthropic PBC’s most powerful models in its own, open-source AI systems. “We have information that Moonshot AI distilled Anthropic’s Fable for the development of its K3 model,” Michael Kratsios (pictured), director ...
Alphabet’s stock sinks after it bumps up AI infrastructure spending yet again
Google parent company Alphabet Inc. delivered better-than-expected revenue for the second quarter today, thanks to strong growth in its cloud business — but the stock sank in extended trading after it missed expectations on earnings and lifted its forecast for capital expenditures. The company reported second-quarter earnings before certain costs such as stock compensation of ...
AI-native endpoint security startup Glow is born a unicorn after raising $180M
Glow Security Inc. said today it’s exiting stealth mode today as an instant unicorn after closing on a massive $180 million Series A funding. The round catapults the startup’s valuation to a stunning $1.2 billion right out of the gate. Venture capital firms Sequoia, Cyberstarts, Greenoaks and Redpoint Ventures co-led the round, which also saw ...
Mistral AI strikes multibillion-dollar deal with Microsoft to build out Azure infrastructure in Europe
French artificial intelligence startup Mistral AI SAS has struck a multibillion-dollar deal with Microsoft Corp. to expand its computing infrastructure in Europe and increase the availability of its top large language models in the U.S. In an announcement today, Microsoft said that Azure cloud customers will soon be able to develop software using Mistral’s data ...
US Treasury Secretary Bessent threatens sanctions against Chinese AI model makers
U.S. Treasury Secretary Scott Bessent said today that the White House is going to examine some of the highest profile “open-weight” models from China to see if their creators have stolen the intellectual property of America’s top artificial intelligence frontier labs. If evidence suggests that’s the case, the U.S. could respond with sanctions against the ...