Mike Wheatley
Latest from Mike Wheatley
Elon Musk confirms SpaceX has acquired xAI to accelerate his space-based data center plans
Elon Musk’s rocket company SpaceX Corp. today said it has acquired his artificial intelligence startup xAI Corp. ahead of what will likely be one of the largest initial public offerings in history later this year. The technology entrepreneur announced the deal in a blog post on SpaceX’s website, where he explained that he’s trying to build ...
Oracle unveils $50B fundraising plan to fuel AI data center ambitions
Oracle Corp. has given investors another reason to be nervous after revealing a plan today to raise between $45 billion and $50 billion this year, in order to fund the buildout of more data center capacity for artificial intelligence workloads. The cloud infrastructure and database giant said it will raise the money via a combination ...
Alphabet’s robotaxi startup Waymo looks to raise $16B at $110B valuation
Alphabet Inc.’s self-driving car business Waymo LLC is looking to raise around $16 billion through a fresh funding round that would hike its valuation to about $110 billion, according to a report Saturday in the Financial Times. Most of the funding is expected to come from Alphabet itself, with the technology giant that also owns Google ...
Elon Musk reportedly considering merger between SpaceX and xAI, or maybe even Tesla
Consolidation is on the mind of the world’s richest man, Elon Musk, who is reportedly mulling the idea of merging his artificial intelligence startup xAI Corp., the social media platform X and his space rocket company SpaceX Corp. into a single entity. The report today comes from Reuters, which cited a person familiar with Musk’s ...
Apple posts record quarterly revenue driven by ‘staggering’ iPhone 17 demand, but investors shrug
Apple Inc.’s iPhone sales surged to unprecedented heights during the holiday season, as revenue grew across every geographic segment, driving record-breaking quarterly revenue. The company reported first-quarter results that blew past Wall Street’s expectations. Earnings before certain costs such as stock compensation rose 16% from a year ago, to $42.1 billion, or $2.84 per share, ...
ServiceNow’s stock slides on iffy subscription revenue forecast
Enterprise workflow cloud services company ServiceNow Inc. beat expectations as it delivered its fourth-quarter financial results after the bell today, but its guidance came up a tad short, and the stock was trading lower after-hours. The software-as-a-service company reported earnings before certain costs such as stock compensation of 92 cents per share in the quarter, ...
Meta’s stock surges on strong earnings, revenue and bullish guidance
Meta Platforms Inc. beat Wall Street’s expectations today as it delivered its fourth-quarter financial results, following up with bullish guidance for first-quarter sales, sending its stock higher in extended trading. The social media giant reported earnings before certain costs such as stock compensation of $8.88 per share on revenue of $59.89 billion, up 24% from ...
Microsoft’s stock declines after Azure cloud growth dips below 40%
Shares of Microsoft Corp. dropped more than 5% in extended trading today even though the technology giant reported better-than-expected financial results, as its Azure cloud revenue sagged in the latest quarter. The company delivered second-quarter earnings before certain costs such as stock compensation of $4.14 per share, easily beating Wall Street’s forecast of $3.97 per ...
Adaptive6 scores $28M in early funding to find and fix cloud cost inefficiencies
Cloud cost governance and optimization startup Adaptive6 Inc. says it’s ready to help large enterprises save millions of dollars on their cloud infrastructure spending after closing on a $28 million early-stage round of funding today. The Series A round, which was led by U.S. Venture Partners and saw participation from New Era Capital Partners, Pitango ...
Platform Engineering brings multicloud support to its formae infrastructure-as-code platform
Infrastructure-as-code startup Platform Engineering Labs Inc. today announced a big update to its open-source formae platform, adding beta support for four new public clouds as it looks to expand its influence beyond Amazon Web Services environments. Platform Engineering Labs debuted formae in October, saying it’s trying to modernize the IaC world. That refers to the ...