Mike Wheatley
Latest from Mike Wheatley
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 ...
HPE debuts powerful new supercomputer platforms for AI and high-performance computing workloads
Hewlett Packard Enterprise Co. said today it’s updating its portfolio of high-performance computing platforms. The expanded lineup includes a couple of new HPE Cray Supercoming EX systems, plus a pair of new HPE Proliant servers that have been optimized for artificial intelligence workloads, including large language model training and fine-tuning. HPE says the systems are ...
Bluespine raises $7.2M to tackle medical billing errors with AI
The medical claims cost reduction startup Bluespine Inc. believes it has hit upon a viable solution to the problem of overbilling after raising $7.2 million in seed funding from Team8. Bluespine says its artificial intelligence-powered platform can help employers and other healthcare insurance plan sponsors to reduce costs and protect themselves from “financial leakage” without ...
SAS buys synthetic data software from Hazy to streamline AI development
The enterprise data analytics software company SAS Institute Inc. is moving into the realm of synthetic data to boost its artificial intelligence portfolio with the acquisition of intellectual property from the U.K.-based startup Hazy Ltd. According to SAS, the acquisition will enable it to equip its customers with the tools to create critically needed synthetic ...
Shares of Rackspace move higher on strong bookings growth and bullish outlook
Cloud services provider Rackspace Technology Inc. continued to make slow and steady progress on its long road to recovery, delivering a lower-than-expected loss and guidance for the current quarter that came in above Wall Street’s expectations. The company reported a third-quarter loss before certain costs such as stock compensation of four cents per share, better ...
ScaleOps raises $58M to accelerate Kubernetes configuration automation
ScaleOps Labs Ltd., creator of a fully automated, cloud-native resource orchestration platform for Kubernetes deployments, said today it has closed on a hefty $58 million Series B round of funding, just 11 months after finalizing its Series A round. High-profile Silicon Valley-based investor Lightspeed Venture Partners led the latest round, which saw participation from existing ...
