Mike Wheatley
Latest from Mike Wheatley
UiPath tops expectations and swings to a profit on solid AI momentum
UiPath Inc. raised its full-year revenue outlook after cruising past Wall Street’s expectations and swinging to a profit in its latest quarterly results, powered by momentum in its artificial intelligence products. The automation software provider reported second-quarter earnings before certain costs such as stock compensation of 15 cents per share, trouncing the analyst consensus estimate, ...
Broadcom’s stock surges to all-time high after $10B in new AI chip orders
Broadcom Inc. beat expectations again for its latest financial results, driven by insatiable customer demand for artificial intelligence chips. The chipmaker also revealed it had secured $10 billion in new orders for custom chips from a new client, sending its stock higher in extended trading. The company reported third-quarter earnings before certain costs such as ...
Agentic AI identity verification startup Vouched gets $17M to build trust in autonomous agents
An identity verification startup called Vouched Identity Inc. is turning its attention away from humans to focus on artificial intelligence agents after raising $17 million in a Series A round of funding today from Spring Rock Ventures. The startup has made a name for itself as a provider of digital identity verification tools, with its ...
C3.ai’s stock crumbles on ‘unacceptable’ results, but new CEO promises to turn things around
Artificial intelligence software company C3 AI Inc.’s stock was battered and bruised in extended trading, down more than 10% after it delivered disappointing financial results and a weak outlook. That happened despite the company’s best efforts to generate optimism over the appointment of former Trump administration official Stephen Ehikian as its new chief executive, replacing ...
HPE’s stock inches higher on strong AI server sales and networking boost
Hewlett Packard Enterprise Co. beat Wall Street’s expectations as it delivered its third-quarter financial results today, and its stock moved slightly higher even though its revenue guidance for the current quarter came up short. The computer server and networking firm reported earnings before certain costs such as stock compensation of 44 cents per share on ...
Salesforce beats expectations but its stock falls on weak guidance and fears over AI
Salesforce Inc. racked up a solid earnings and revenue beat as it delivered its second-quarter financial results today, showing that it’s making progress in its transition to an agentic artificial intelligence platform. However, the company’s guidance for the current quarter came up short, and investors bailed in extended trading. The company reported earnings before certain ...
Wisdom AI debuts agentic data analysts to deliver a continuous stream of business insights
Artificial intelligence-native data insights startup Wisdom AI Inc. is expanding its platform today with the launch of Proactive Agents. The agents act like automated data analysts and work around the clock to proactively learn, prepare analyses and reports and make decisions based on the insights they surface. WisdomAI first came to attention in May when it ...
Stardog’s ‘hallucination-free’ answer engine brings AI insights to high-stakes industries
Knowledge graph database startup Stardog Union Inc. is flexing its muscles in artificial intelligence with the launch of a new, “hallucination-free” version of its enterprise-grade chatbot Voicebox, aimed at high-stakes industries. Voicebox can be thought of as an “enterprise answer engine” that’s linked to an organization’s internal data, allowing it to respond to knowledge worker’s ...
SUSE teams up with Avesha to streamline AI deployment with optimized GPU-based infrastructure
Cloud computing orchestration startup Avesha Inc. has partnered with the Linux software giant SUSE SE on an enterprise-grade artificial intelligence infrastructure blueprint that’s designed to simplify and optimize AI workload deployments. Announced today, the AI infrastructure blueprint combines SUSE’s specialized AI development software with Avesha’s elastic graphics processing units, enabling GPU resources to be allocated ...
IQM Quantum targets US expansion and 1 million-qubit scale after raising $320M
Finland’s leading quantum computing startup IQM Quantum Computers says it’s ready to take the next step and scale up its emerging technology from hundreds of qubits to millions after closing on a bumper $320 million funding round, bringing its total amount raised to $600 million. Today’s Series B round was led by Ten Eleven Ventures, ...