Mike Wheatley
Latest from Mike Wheatley
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, ...
OpenAI buys software testing startup Statsig for $1.1B and creates a new role for its CEO
OpenAI said today it’s buying Statsig Inc. in a $1.1 billion deal that’s just as much of an acquihire as it is about bringing the product testing startup’s technology into its fold. As part of the deal, Statsig founder and Chief Executive Vijaye Raji (pictured), who previously worked as a software engineer at Meta Platforms ...
In major antitrust ruling, Google gets to keep Chrome and Android but still faces lesser penalties
A U.S. court has decided that Google LLC won’t be forced to sell off its Chrome browser or divest its Android operating system after being found guilty of operating an illegal online search monopoly in a landmark antitrust case last year. The ruling is seen as a significant win for Google, which avoided the most ...
China’s top social media platforms take steps to comply with new AI content labeling rules
China’s top social media platforms, including ByteDance Ltd.’s TikTok clone Douying and Tencent Holdings’ WeChat, rolled out new features today to try to comply with a new law that mandates all artificial intelligence content is clearly labeled as such. The new content labeling rules mandate that all AI-generated content posted on social media is tagged ...
Elastic’s stock jumps on impressive earnings and revenue beat
Enterprise data search company Elastic N.V. delighted Wall Street investors today as it delivered financial results that surpassed even the most optimistic forecasts. Its guidance for the current quarter was just as impressive, and the value of its stock soared in extended trading. The company reported fiscal 2026 first-quarter earnings before certain costs such as ...
Marvell’s stock slumps on concerns over custom silicon, but long-term prospects look strong
Marvell Technology Inc. could only match Wall Street’s expectations on earnings and revenue as it delivered its latest financial results today, and followed with soft guidance for the current quarter. Predictably, its stock took a nosedive in extended trading, falling more than 11%. The computer server chipmaker reported second-quarter earnings before certain costs such as ...
Soft outlook weighs on Dell’s stock despite soaring AI server sales
Dell Technologies Inc. posted strong second-quarter financial results today, but even though it beat expectations on earnings and revenue, its stock was heading lower on soft guidance for the current quarter. The company reported earnings before certain costs such as stock compensation of $2.32 per share, sneaking past Wall Street’s target of $2.30 per share, ...
Pure Storage’s impressive earnings thrill Wall Street, but Nutanix and NetApp disappoint
Flash data storage pioneer Pure Storage Inc. outshone its main rivals today with solid second-quarter results that crushed Wall Street’s estimates and upbeat guidance, sending its stock soaring in extended trading. In contrast, shares of rival storage providers Nutanix Inc. and NetApp Inc. were headed in the opposite direction. Although Nutanix beat the Street’s expectations, ...
HP cites strong demand for AI PCs as it beats expectations on revenue, but investors aren’t impressed
HP Inc.’s stock traded lower in extended trading late today after initially rising in the wake of its third-quarter financial results. The company surpassed analysts’ expectations on earnings and revenue and said it’s seeing solid demand for its new generation of artificial intelligence-capable personal computers, but its guidance for the current quarter failed to reflect ...