Mike Wheatley
Latest from Mike Wheatley
SAP buys AI-enabled hiring platform SmartRecruiters
European software giant SAP SE said late Friday it’s planning to buy the San Francisco-based human resources startup SmartRecruiters Inc. for an undisclosed fee, with the deal expected to close by the end of the fourth quarter. SmartRecruiters sells software that helps to automate high-volume recruiting, and it primarily operates in the U.S., which happens ...
Apple’s revenue growth hits four-year high as iPhone sales soar
Shares of iPhone maker Apple Inc. inched up slightly after-hours on the back of another solid set of financial results, with the company reported earnings and revenue that shot past Wall Street’s estimates. Apple’s revenue grew by 10%, driven by a 13% increase in iPhone sales, making it the largest quarter for revenue growth since ...
Gloomy guidance and increased cloud competition weigh on Amazon’s stock, despite solid earnings beat
Shares of Amazon.com Inc. were trading more than 6% lower after-hours today, after the e-commerce and cloud computing infrastructure giant could only offer light guidance for the current quarter. The decline came in the wake of some fairly decent numbers from Amazon as it posted its second-quarter financial results, beating Wall Street’s targets on earnings ...
Amazon DocumentDB goes serverless with automatic scaling to support agentic AI workloads
Amazon Web Services Inc. is adding to its serverless database offerings with the launch of Amazon DocumentDB Serverless. Launched in general availability today, Amazon DocumentDB Serverless is a fully managed database service that’s designed specifically for storing, querying and indexing document data structures. Because it’s serverless, it can adjust its capacity automatically, based on the ...
Shares of chipmakers Arm and Qualcomm slide as smartphone sales skid
Shares of the chipmakers Arm Holdings Plc and Qualcomm Inc. were both heading lower in today’s after-hours trading session. The decline in Arm’s stock was perhaps understandable, given its mixed results, but Qualcomm will be wondering what it did wrong after beating expectations on earnings and revenue and offering strong guidance for the current quarter. ...
Meta’s stock makes sharp gains on blowout earnings results
Meta Platforms Inc. easily beat Wall Street’s expectations as it posted its second-quarter financial results today, and its shares gained more than 11% in extended trading. The company reported earnings before certain costs such as stock compensation of $7.14 per share, while revenue for the period rose 22%, to $47.52 billion. Those numbers shattered expectations, ...
Microsoft crushes earnings expectations and its market cap soars above $4T
Shares of Microsoft Corp. gained more than 9% in extended trading today after the company delivered solid earnings and revenue that came in above expectations. The after-hours increase lifted the company’s market capitalization above the $4 trillion milestone, trailing in the wake of Nvidia Corp., which passed that pinnacle earlier this month. The company reported ...
Observe raises $156M to accelerate enterprise shift to AI-native observability
The artificial intelligence-native observability company Observe Inc. said today it has raised $156 million in a Series C round of funding. The round was led by Sutter Hill Ventures, which also led its $115 million Series B raise in March of last year. Madrona Ventures, Alumni Ventures, Capital One and the venture capital arms of ...
Cyata Security gets $8.5M in funding to help companies get a grip on their AI agents
Artificial intelligence security startup Cyata Security Ltd. is looking to rein in out-of-control AI agents after closing on an $8.5 million seed funding round, it announced today. The round was led by TLV Partners and saw backing from Ron Serber and Yossi Carmil – two former chief executives of the digital forensics company Cellebrite DI ...
AI startup Artificial Societies simulates the behavior of target audiences to speed up market research
Artificial intelligence audience testing startup Artificial Societies Ltd. today launched its flagship “societal simulator” tool in order to speed up market research. The Artificial Collective Intelligence or AS platform is designed to understand social dynamics and accurately predict trends, so that businesses and creators can test how specific target audiences might respond to new products, ...