Mike Wheatley
Latest from Mike Wheatley
API management company Kong raises $175M to provide connectivity for next-generation AI
API technology startup Kong Inc. said today it has closed on a bumper $175 million late-stage round of funding, bringing its total amount raised to date to more than $345 million. Today’s Series E round, led by Tiger Global and Balderton, brings Kong’s valuation to more than $2 billion. In addition to those backers, the ...
New updates give Mistral AI’s Le Chat an edge over ChatGPT
French generative artificial intelligence startup Mistral AI is taking the fight to OpenAI with a host of updates announced today. The company announced new chatbot capabilities that surpass those of ChatGPT, and a couple of powerful large language models, including the all-new Pixtral Large and an updated version of Mistral Large. Mistral’s Le Chat, which ...
AWS App Studio launches in general availability, making everyone an app builder
Amazon Web Services Inc. today announced the general availability of AWS App Studio, its popular artificial intelligence service for creating business applications with natural language prompts. First announced as a preview in July, AWS App Studio is a generative AI-powered app development tool that makes it possible for users to simply describe what kind of ...
LastMile AI’s AutoEval makes it simple to create customized evaluator models for testing generative AI
LastMile AI Inc., creator of a developer platform for customizing and debugging artificial intelligence applications, today announced the launch of what it says is the industry’s first fine-tuning platform for evaluator models. Called AutoEval, it’s all about solving the “last mile” problem of evaluating complex AI applications to ensure they can achieve maximum efficiency and ...
Nvidia’s upcoming Blackwell GPUs overheat in server racks, worrying customers, reports say
Nvidia Corp.’s upcoming new Blackwell graphics processing units, which have already been delayed to market, are now reportedly encountering overheating issues that prevent their deployment in data center racks. The report today by The Information says customers have raised serious concerns about the issue, worrying that it will affect their plans for building out their ...
Applied Materials beats expectations but modest sales outlook weighs on stock
Applied Materials Inc. posted higher-than-anticipated earnings and revenue thanks to increased demand for artificial intelligence chips and electronic devices, but its stock fell as company officials issued a mixed outlook for the current quarter. The maker of semiconductor manufacturing equipment reported fourth quarter earnings before certain costs such as stock compensation of $2.32 per share, far ...
OpenAI hopes to launch its first AI agent, called ‘Operator,’ in January
OpenAI is planning to move beyond simply answering questions and generating text with the imminent launch of a new artificial intelligence agent called “Operator” that will be able to perform web browser-related tasks on behalf of users. Operator is expected to launch in January as a research preview, and will be made available via its ...
AMD to cut about 1,000 jobs, 4% of staff, so it can double down on AI opportunity
Chipmaker Advanced Micro Devices Inc. says it will lay off 4% of its staff, which works out to be about 1,000 jobs based on its headcount of 26,000 employees at the end of last year. The company explained today that the job cuts are necessary for it to get a stronger foothold in the market ...
Cisco delivers solid earnings beat, but revenue declines again
Cisco Systems Inc. reported solid fiscal first-quarter financial results that came in ahead of expectations and raised its 2025 full-year revenue outlook, but it couldn’t prevent a fourth successive quarter of declining revenue, and its stock traded lower after-hours. The networking giant reported earnings before certain costs such as stock compensation of 91 cents per ...
IBM pioneers new ‘quantum-centric supercomputing’ approach to scientific research
IBM Corp. is taking to the stage at its inaugural IBM Quantum Developer Conference today to showcase new advances in quantum computing hardware and software. At the event, it demonstrated how its most advanced IBM Quantum Heron computers can execute complex quantum algorithms with far greater accuracy and speed than before, while paving the way ...
