Mike Wheatley
Latest from Mike Wheatley
Meta Platforms joins forces with Elon Musk to try to block OpenAI’s for-profit transition
Meta Platforms Inc. has joined Elon Musk in his efforts to derail OpenAI’s plans to convert itself into a for-profit company. On Friday, the Wall Street Journal reported that Meta had penned a letter to California Attorney General Rob Bonta, arguing that by allowing the artificial intelligence firm to become a for-profit company, it would ...
Embedded analytics startup Embeddable raises €6M in seed funding
London-based startup Embeddable, whose software makes it easy to embed interactive, customer-facing analytics within any application, said today has closed on a €6 million ($6.28 million) seed funding round. The company, officially known as TMD Technology Ltd., said today’s round was led by OpenOcean, one of the top venture capital firms in Europe, and saw ...
Gigs gets $73M in funding to help any company spin up a mobile network offering
Gigs AG, a company that has built a kind of operating system for mobile services, said today it has closed on a $73 million round of funding. The Series B round was led by Ribbit Capital and saw participation from existing investors including Google’s Gradient Ventures, Y Combinator and Speedinvest. Founded in 2020, Switzerland-based Gigs ...
Shares of Broadcom jump on rising AI chip sales and ‘massive opportunity’ for more
Shares of the computer chipmaker Broadcom Inc. made big gains in after-hours trading after the company reported a solid earnings beat and said its artificial intelligence revenue tripled from a year earlier. Broadcom Chief Executive Hock Tan (pictured) told analysts that the company is working with three so-called hyperscalers, or big cloud service providers, helping ...
Digital accessibility design startup Evinced raises $55M
Website and mobile application accessibility startup Evinced Inc. said today it has closed on its biggest funding round to date, raising $55 million. The Series C round was led by Insight Partners and saw participation from previous backers such as M12, BGV, Capital One Ventures and Engineering Capital, as well as a new investor in ...
Report: Apple working with Broadcom to develop custom chipset for AI
Apple Inc. is reportedly working with Broadcom Inc. on the development of a customized server processor that will power the artificial intelligence features built into the iPhone maker’s iOS operating system. A report from The Information cites three unnamed sources as saying that the project has been given the codename of “Baltra.” It’s slated to ...
Optical chip interconnect startup Ayar raises $155M to bring light to AI workloads
Ayar Labs Inc., a startup that’s developing optical interconnects that can transmit data between computer chips via light, said today it has closed on a hefty late-stage $155 million funding round led by Advent Global Opportunities and Light Street Capital. Also participating in the Series D round was a veritable Who’s Who of the industry’s leading ...
Adobe’s weak forecast stokes fears of AI disruption, sending its stock lower
Investors sent shares of Adobe Inc. into a tailspin today after the maker of Photoshop could offer only a light forecast for the coming quarter and full year. The company said it’s looking for fiscal first-quarter revenue of between $5.63 billion and $5.68 billion, which is some way below Wall Street’s consensus estimate of $5.72 billion. ...
AIMon raises $2.3M to combat AI hallucinations
Aimon Labs Inc., the creator of an autonomous “hallucination” detection model that improves the reliability of generative artificial intelligence applications, said today it has closed on a $2.3 million preseed funding round. The money comes from Bessemer Venture Partners and Tidal Ventures, who co-led the round, along with a number of angel investors, including Thumbtack ...
Stigg raises $17.5M to simplify SaaS platform and feature pricing models
Unified monetization platform startup Stigg Inc. says it’s ready to help businesses implement more dynamic and flexible pricing strategies after closing on a $17.5 million early-stage round of funding today. The Series A round was led by Red Dot Capital Partners and saw participation from Unusual Ventures, Emerge Ventures, Cerca Partners and Redseed, and adds ...
