Mike Wheatley
Latest from Mike Wheatley
AMD beats earnings forecast on strong gaming and data center chip sales
Computer chip maker Advanced Micro Devices Inc. delivered strong fourth quarter revenue and profit today, easily beating analysts expectations. The company reported a profit before certain costs such as stock compensation of 52 cents per share on revenue of $3.24 billion. Wall Street had been modeling a profit of 47 cents per share on $3.03 billion ...
Google brings cloud-based zero-trust security to the enterprise
Google LLC said today that its BeyondCorp Enterprise framework is now generally available to all enterprises that want to enjoy the benefits of the “zero-trust” security model. BeyondCorp Enterprise is a security framework that involves shifting access controls from the perimeter to individual devices and users, thereby enabling employees to work securely from any location without ...
Nvidia announces certified server systems for AI workloads
Nvidia Corp. today announced the first batch of what it calls “Nvidia-Certified Systems” for organizations that want to run artificial intelligence workloads at scale. The company said it has worked with server makers, including Dell Technologies Inc., Hewlett Packard Enterprise Co., Gigabyte Technology, Inspur Group and Super Micro Computer Inc., to certify that their systems ...
Deep learning virtualization startup Run:AI raises $30M in new round
Artificial intelligence orchestration and virtualization software startup Run:AI Labs Ltd. said today it’s now in expansion mode after raising $30 million in a new round of funding. Insight Partners led the Series B round, which also saw the participation from existing investors TLV Partners and S-Capital. It brings Run:AI’s total amount raised to $43 million, ...
Commvault adds new SaaS workloads to its Metallic backup service
Enterprise data management provider Commvault Systems Inc. said today it’s expanding its Metallic software-as-a-service backup and recovery portfolio, adding new data protection features and support for workloads including Salesforce and Microsoft Teams. Metallic was launched in October 2019 as a data protection service built specifically for midmarket customers. Marketed as being easier to deploy than ...
Algolia acquires MorphL to embed AI into its enterprise search tech
Search-as-a-service provider Algolia Inc. said today it has acquired a Google Digital News Initiative-funded startup called MorphL AI Inc. Moreover, it has already integrated the company’s tech to power a new artificial intelligence offering called Algolia AI that the company says will enable developers and marketers to predict someone’s intent when they make an online ...
Gartner says worldwide tech spending will grow 6% in 2021
Gartner Inc. said Monday that global information technology spending will hit $3.9 trillion this year as the COVID-19 pandemic continues to catalyze digital transformation around the world. The research firm estimates that spending on IT will grow by 6.2% in 2021, after declining by 3.2% last year. Most enterprises spent the last year shoring up ...
Google parent Alphabet cancels Loon project to deliver internet by hot air balloon
Google LLC’s parent company Alphabet Inc. said today that it’s giving up on the idea of using high-altitude hot air balloons to deliver internet connectivity to the world’s remotest regions. Alphabet confirmed in a blog post that it’s winding down its nine-year-old Loon project and a two-and-a-half-year-old spinoff company because it can’t find a sustainable ...
Parler stays offline after judge blocks attempt to reinstate it on Amazon
Shunned social media site Parler Inc.’s demand to be reinstated on Amazon Web Services Inc.’s cloud hosting platform was thrown out today by a Washington judge. Judge Barbara Rothstein said today that after a hearing last week, she has declined to grant Parler a preliminary injunction in its lawsuit against Amazon, saying it had provided ...
As Intel delivers strong earnings, incoming CEO Pat Gelsinger says chip process on track
Intel Corp.’s incoming Chief Executive Pat Gelsinger told investors today that the company’s troubled seven-nanometer chip manufacturing technology is on track to start producing chips in 2023, but he said the company will likely outsource an increasing amount of its manufacturing to outside producers. Gelsinger (pictured) made his remarks as Intel reported strong fourth-quarter financial results ...