Mike Wheatley
Latest from Mike Wheatley
Cadence settles with US government over export violation, agreeing to $140.6M penalty
Electronic design automation software firm Cadence Design Systems Inc. said it has agreed to pay a fine of $140.6 million as part of a settlement involving claims it illegally sold its software to Chinese customers from 2015 to 2021, in breach of U.S. export rules. In a filing with the U.S. Securities and Exchange Commission ...
E2B shares its vision of sandboxed, cloud environments for every AI agent after raising $21M in funding
Agentic cloud infrastructure startup E2B said today it has raised $21 million in early-stage funding to build out an entirely new, open-source infrastructure for running artificial intelligence agents securely in the cloud. The startup, officially known as FoundryLabs Inc., said today’s Series A round was led by Insight Partners and saw participation from Decibel, Sunflower Capital, ...
Huawei launches CloudMatrix 384 server as an alternative to Nvidia’s AI infrastructure stack
China’s Huawei Technologies Co. Ltd. threw down the gauntlet to Nvidia Corp. Saturday when it revealed its most powerful artificial intelligence server system to date. The company unveiled the CloudMatrix 384 system at the World Artificial Intelligence Conference in Shanghai, where dozens of local companies showed off their latest AI hardware. Reuters reported that Huawei ...
Efficient Computer targets edge workloads with highly efficient Electron E1 chip launch
Low-power computer chip startup Efficient Computer Co. today announced the launch of its new flagship Electron E1 processor, dramatically reducing the energy requirements of general-purpose computing workloads. The Electron E1 processor is available to developers now, alongside the company’s new effcc Compiler, which is a tool that helps to simplify how applications are integrated with the ...
Portable data center startup Armada gets $131M to power computing operations in remote locations
Mobile data center startup Armada Inc. today said it has raised a $131 million strategic funding round as it looks to bring powerful computing capabilities to the world’s most remote and challenging environments. A smorgasbord of investors was involved in the round, with new backers Pinegrove, Glade Brook and Veriten joined by existing investors such ...
Intel to lay off 15% more staff by year-end and scale back foundry investments
Intel Corp. said today it’s going to shrink its workforce by an additional 15% by the end of the year, as part of its previously announced efforts to create a “faster-moving, flatter and more agile” organization. The disclosure came as Intel published its second-quarter financial results today. The chipmaker said it plans to end the ...
ServiceNow’s agentic AI push pays off with blowout earnings and strong revenue growth
The information technology service management software specialist ServiceNow Inc. delivered another strong earnings and revenue beat today as it posted its second-quarter results, sending its stock higher in extended trading. The company reported earnings before certain costs such as stock compensation of $4.09 per share, trouncing the analysts’ target of $3.57 by a big distance. ...
AI mainframe sales help IBM beat Street’s earnings targets, but software miss upsets investors
Updated with Thursday stock decline: IBM Corp. beat expectations on second-quarter earnings and revenue today, aided by strong sales of new mainframe hardware that’s capable of processing vast amounts of data for artificial intelligence workloads, but a miss on software revenue sent its stock plunging nearly 8% on Thursday. The company reported earnings before certain ...
Alphabet beats earnings targets, but investors worry about increased AI spending
Google LLC’s parent company Alphabet Inc. reported second-quarter earnings and revenue that surpassed expectations, but surprised investors when it said it’s going to increase its capital investments in fiscal 2025 by an additional $10 billion. The company reported earnings before certain costs such as stock compensation of $2.31 per share, surpassing the $2.18 estimate from ...
Upwork launches AI-conducted interviews to help employers sift through job applicants faster
Freelancer marketplace platform Upwork Inc. is beefing up its artificial intelligence capabilities with a new Uma chatbot-powered feature called “Instant Interviews” that aims to help employers streamline the initial screening process and narrow down their list of job candidates. The updates to Uma are part of a comprehensive revamp of the Upwork platform. Other new ...