Mike Wheatley
Latest from Mike Wheatley
Bending Spoons snaps up struggling YouTube rival Vimeo in $1.38B deal
The Italian mobile application developer Bending Spoons S.p.A. today announced its intent to acquire the YouTube rival Vimeo.com Inc. in an all-cash deal worth around $1.38 billion. Bending Spoons said it expects the transaction to close by the fourth quarter of this year, subject to it receiving regulatory approvals. At that time, the publicly traded Vimeo ...
OpenAI and Oracle strike $300B cloud computing deal to power AI
OpenAI today confirmed that it has signed an agreement to purchase computing infrastructure worth $300 billion from Oracle Corp. over a period of roughly five years, as part of its previously announced Project Stargate data center building initiative. The deal represents one of the biggest cloud contracts in history. It’s a massive commitment that far outstrips OpenAI’s ...
Clockwork raises $20.5M to synchronize GPU clusters and accelerate AI workloads
Data center infrastructure optimization startup Clockwork Systems Inc. says it’s expanding its clock synchronization technology with the launch of a new offering called FleetIQ in order to maximize the utilization of graphics processing units and boost the performance of artificial intelligence workloads. The news came as Clockwork closed on $20.575 million in fresh funding and ...
Lanai’s edge-based observability agents aim to seek out and shut down shadow AI
AI monitoring startup Lanai Inc. says it’s ready to tackle the growing risk presented by “shadow” artificial intelligence with the launch of its new observability agent, which runs so-called “detection models” directly on corporate devices, instead of routing conversations through centralized cloud infrastructure. Lanai says its AI Observability Agent is the next step in AI ...
Adobe’s first AI agents are ready to rock and roll
Adobe Inc. is getting into the agentic artificial intelligence game with the general availability of its first family of AI agents, which promise to transform how enterprises create and optimize customer experiences and marketing campaigns. The Adobe Experience Platform agents were first announced in March at the company’s annual Adobe Summit event, where it said ...
Shares of Synopsys crater after export restrictions derail China sales
Chip design software company Synopsys Inc. missed expectations on earnings and revenue today, hit by weakness in its chip designs segment, and investors sent its stock plummeting in extended trading. The Sunnyvale, California-based company reported third-quarter earnings before certain costs such as stock compensation of $3.39 per share, trailing Wall Street’s forecast of $3.80 per share ...
Oracle’s stock makes biggest single-day gain in 26 years on huge cloud revenue projections
Updated with Wednesday’s closing stock price: Oracle Corp. missed Wall Street’s expectations as it delivered its latest financial results today, but nobody cared because it said it’s anticipating future revenue growth that’s far in excess of the most optimistic forecasts — and its stock soared by almost 36% on Wednesday. In a statement, Oracle Chief ...
AI phishing simulation startup Adaptive Security gets OpenAI funding boost
Adaptive Security Inc. said today it’s expanding its latest funding round with an additional investment from OpenAI’s Startup Fund, bringing its total amount raised to $55 million. Though the company didn’t disclose the exact amount OpenAI has invested, it had raised $43 million when it announced its last funding round in April, which suggests an investment ...
Empromptu promises to transcend vibe coding with AI-generated apps that actually work
A startup called Empromptu Inc. is looking to deliver where all other artificial intelligence-based application building tools have failed. It’s launching what it says is the first platform of its kind to deliver complete, business-ready AI applications that can be relied upon to work in production and integrate smoothly with existing technology systems. Empromptu reckons ...
Monte Carlo debuts a universal observability tool for AI inputs and outputs
Big-data observability startup Monte Carlo Data Inc. is lending its expertise to artificial intelligence with the launch of a new Agent Observability offering that ensures visibility across the full spectrum of data and AI. The company said the new tool will make it easier for teams to detect, triage and fix any reliability issues with ...