Mike Wheatley
Latest from Mike Wheatley
U.S. chip suppliers are protesting the Huawei ban
American computers chip suppliers, including Intel Corp., Qualcomm Inc., Broadcom Inc. and Xilinx Inc., have reportedly been lobbying U.S. government officials to lift a ban on equipment sales to Chinese technology firm Huawei Technologies Co. Ltd. The companies are said to be alarmed over the prospect of losing billions of dollars in sales to Huawei, ...
General Electric wants to sell its venture capital business to help pay off debt
General Electric Co. is looking to sell off its venture capital investment business, GE Ventures, which has a portfolio of more than 100 startups under its wing. GE is selling the business in order to help stave off its mounting debts, CNBC reported. The company is said to be in a “difficult financial position,” with ...
Alibaba reportedly files for Hong Kong listing that could raise up to $20B
China’s e-commerce giant Alibaba Group Holding Ltd. has filed for an initial public offering on the Hong Kong stock exchange that could launch as soon as the third quarter of this year. Bloomberg and Reuters today reported that “people familiar with the matter” said the company hopes to raise up to $20 billion from the listing. ...
Analog-based AI chip startup Mythic raises $30M in funding
Artificial intelligence computer chip startup Mythic said today it has closed on a $30 million funding round led by Valor Equity Partners. Future Ventures, Atreides, Micron Ventures and Lam Research also participated in the Series B-1round, a second phase of its previously announced B round, along with several existing investors, bringing its total funding to ...
CERN plans to ditch Microsoft’s software after losing its academic status
The European Organization for Nuclear Research, better known as CERN, said today it’s ditching Microsoft Corp.’s software programs in favor of open-source alternatives after the software giant revoked its academic status, forcing it to pay more for its products. CERN previously could use Microsoft’s software products such as Windows at a heavily discounted rate for ...
Dassault Systemes buys clinical trials software provider Medidata for $5.8B
French technology giant Dassault Systemes SE said today it has agreed to acquire U.S. life sciences firm Medidata Solutions Inc. in an all-cash deal valued at $5.8 billion. The company said it wants to expand its presence in a life sciences market that was worth $8.2 billion in 2016 and is expected to develop at ...
Trump tariffs force tech firms to move manufacturing operations out of China
Numerous big technology firms have announced they’re preparing to shift some of their key manufacturing operations away from China to other nations in response to U.S. President Donald Trump’s intensifying trade war with the world’s second-largest economy. Bloomberg reported today that Google LLC is the latest company to take evasive action, announcing Tuesday that it’s shifting production ...
GraphQL company Apollo lands $22M funding round
GraphQL technology company Meteor Development Group Inc., which does business as Apollo, is trying to change how developers approach the way they build application programming interfaces after landing a $22 million round of funding. The Series C round was led by Andreessen Horowitz and Matrix Partners, with participation from existing investors Trinity Ventures and Webb ...
Oracle launches new AI-powered Exadata 8X database computer
Oracle Corp. is updating its powerful Exadata database server appliance that’s used by companies to run its Autonomous Database and cloud applications. The Oracle Exadata Database Machine X8, made generally available today, brings with it some “unique machine learning capabilities” that help to improve performance and monitoring. It’s the latest update of a computer that was ...
API marketplace company RapidAPI lands $25M funding round
R Software Inc., the company behind RapidAPI, which has built a developer-focused marketplace for application programming interfaces, said today it has raised $25 million in a round of funding led by Microsoft Corp.’s venture capital arm M12. Andreessen Horowitz, Green Bay Capital, and DNS Capital also participated in the Series B round, which brings RapidAPI’s total ...