Mike Wheatley
Latest from Mike Wheatley
Tesla secures $1.4B in funding from Chinese banks
Electric car maker Tesla Inc. is reportedly borrowing 10 billion yuan ($1.4 billion) from a group of Chinese banks in order to fund the ongoing construction of its new vehicle manufacturing plant in Shanghai. The loan, which will be paid back over five years, is being funded by the China Construction Bank, the Agricultural Bank ...
Dell considers buying up the rest of Secureworks
Dell Technologies Inc. is said to be considering buying up the remaining shares of the cybersecurity services company Secureworks Inc., according to a Bloomberg report today. The report, which cites “people familiar with knowledge of the matter,” said Dell is interested in buying the 13.8% of Secureworks’ shares it doesn’t currently own in order to consolidate the ...
Italian minister says Huawei should not be banned from 5G rollout
China’s Huawei Technologies Co. Ltd. has been given a boost after Italy’s new minister of economic development, Stefano Patuanelli, said it should be allowed to participate in the rollout of new 5G networking services in the country. The minister’s comments came just days after an Italian parliamentary committee said that Chinese companies should be banned ...
To take on Amazon, Walmart looks to ‘supercenters,’ edge computing and 5G
Retail giant Wal-Mart Stores Inc. is looking to leverage its existing chain of “supercenters” to gain an edge over its longtime rival Amazon.com Inc. Rather than trying to take on its main rival in e-commerce directly, Walmart plans to use its existing stores to offer customers faster deliveries, better customer service and more access to ...
IBM partners with the University of Tokyo on quantum computing initiative
IBM Corp. said today it’s teaming up with the University of Tokyo to create a new Japan-IBM Quantum Partnership that will focus on advancing the adoption of quantum computers in order to benefit science, industry and society. IBM said the partnership would have three areas of focus, including the development of quantum applications for industry and ...
Ericsson and Microsoft team up on connected car platform
Swedish telecommunications company Ericsson AB said today it’s integrating its Connected Vehicle Cloud with Microsoft Corp.’s Connected Vehicle Platform. Ericsson’s Connected Vehicle Cloud is a kind of nerve center that connects more than 4 million vehicles in 180 countries worldwide, representing around 10% of the overall connected vehicle market. The service provides 24/7 operations and ...
F5 Networks pays $1B to acquire Shape Security
Network traffic management company F5 Networks Inc. is paying about $1 billion to acquire Shape Security Inc., which is best known for the fraud detection platform it sells to airlines, banks, government agencies and retailers. F5 said the acquisition will help it improve its application protection services. “Shape’s machine learning and AI-powered capabilities will scale ...
Amazon hits back at claims it’s abusing open-source software
Amazon Web Services Inc. has hit back at criticism that it’s taking advantage of open-source software projects by “strip mining” them and repackaging them as paid services. Andi Gutmans, vice president of AWS analytics and ElastiCache, was responding to Monday’s New York Times article that said the cloud computing giant was benefiting by integrating open-source software ...
Google announces revamp of its Patch Rewards program for open-source security
Google LLC said today it’s planning to revamp its six-year-old Patch Rewards program for open-source software developers beginning next year. Patch Rewards is one of Google’s oldest security programs. It began life in 2013 when the company said it would provide financial aid to developers of open-source projects that implement important security features. In order ...
Micron stock jumps on improved demand for memory chips
Micron Technology Inc.’s stock jumped more than 4% in extended trading today after company executives predicted the chipmaker had hit the bottom of a rough period during which its sales have declined for four successive quarters. The maker of flash memory chips reported first-quarter earnings before certain costs such as stock compensation of 48 cents per ...