Mike Wheatley
Latest from Mike Wheatley
Impending IBM acquisition overshadows Red Hat’s earnings
Open-source software company Red Hat Inc.’s stock remained flat today after posting its first earnings call since IBM Corp. announced it intends to buy the firm for $34 billion. Once that deal is completed, likely in the latter half of next year, Red Hat will no longer be a publicly traded entity, which perhaps explains ...
Oracle stock rises on solid earnings beat, but long-term concerns remain
Oracle Corp. gave its investors a bit of temporary relief today with a fairly solid fiscal second-quarter performance that came in just above expectations. The database giant reported earnings before certain costs such as stock compensation of $2.33 billion, or 61 cents per share, up from $2.21 billion, or 52 cents per share a year ...
Facebook open-sources PyText framework for building natural-language systems
Facebook Inc. wants to help make it easier for developers to build and deploy artificial intelligence-based natural language processing systems. To do so, today it’s open sourcing a new NLP modeling framework called PyText that it said helps to bridge the gap between experimenting with such systems and getting them up and running in production. ...
IBM rolls out new platform to address bias in AI decision making
IBM Corp. is trying to mitigate the problem of bias in artificial intelligence-based decision-making with a new platform released early today that can inform people how AI models come to their conclusions. The company said AI OpenScale is needed because a significant portion of businesses simply don’t trust AI enough when it comes to making ...
GE to spin off digital business as a standalone industrial IoT company
General Electric Co. ended months of speculation about the fate of its digital business unit today, saying it plans to spin it off as a standalone industrial “internet of things” company. GE has also decided to sell a majority stake in its ServiceMax field service management software, which was a part of the GE Digital ...
Microsoft creates an A/B testing tool called Clarity
Microsoft Corp. today debuted a new web analytics tool called Clarity that’s designed to help developers understand user behavior at large scale. The tool can help developers to work out why website users struggle or run into problems and why they abandon a site altogether. The so-called A/B testing tool works by comparing two versions of ...
Smiles all round for server makers as quarterly revenue tops $23B
The world’s biggest computer server makers were basking in the sunshine during the third quarter, making the most of a nearly 38 percent jump in market revenue that topped $23.36 billion. According to International Data Corp.’s latest quarterly market tracker, server shipments also grew nicely, by 18 percent, to 3.161 million units. Dell Technologies Inc., which is ...
SPECIAL REPORT: THE CLOUD COMES OF AGE
Oracle takes Pentagon to court over its $10B JEDI cloud computing contract
Oracle Corp. is refusing to give up its fight for a piece of the U.S. Defense Department’s massive $10 billion cloud computing contract. Oracle, along with other public cloud providers, has been squabbling over DoD’s decade-long Joint Enterprise Defense Infrastructure contract for most of the year, arguing that the bidding process violates U.S. acquisition regulations. ...
Big data company AtScale grabs $50M in late-stage funding round
Business intelligence abstraction platform provider AtScale Inc. today said it has closed a $50 million late-stage round of funding. The Series D round was led by Morgan Stanley, with participation from new investors as well as AtScale’s previous investors Storm Ventures, Wells Fargo and Atlantic Bridge. The money will be used mainly to finance innovation, the ...
Instaclustr expands Apache Cassandra with new open-source software
Instaclustr Pty Ltd., which sells hosted and managed versions of popular open-source software Apache Cassandra, Spark and Kafka, is giving back to the community with three projects of its own. The company says it’s open-sourcing three “purpose-built” projects aimed at addressing pain points and expanding the capabilities of the Apache Cassandra database. Apache Cassandra is ...
