Mike Wheatley
Latest from Mike Wheatley
Adobe’s stock gains as its AI investments start bearing fruit
Adobe Inc.’s shares made gains in late trading today after the Photoshop maker delivered third-quarter financial results that surpassed Wall Street’s expectations and offered a strong outlook for the current quarter, indicating that its investments in artificial intelligence are paying off. The company reported third-quarter earnings before certain costs such as stock compensation of $5.31 ...
Box debuts AI agents for almost every aspect of content management
Box Inc. is beefing up its already powerful artificial intelligence capabilities in an effort to automate even more enterprise work with AI agents. The cloud content management platform announced a host of new “agentic” AI features at its annual user conference BoxWorks 2025 today, including an AI agent-powered data extraction tool called Box Extract and ...
Computer chip performance optimization startup ProteanTecs raises $51M
Israeli computer chip health monitoring startup ProteanTecs Ltd. said today it has closed on a $51 million late-stage round of funding that brings its total amount raised to north of $250 million. Today’s Series D round was led by IAG Capital and saw participation from a host of strategic investors, including chip industry stalwarts such ...
Bending Spoons snaps up struggling YouTube rival Vimeo in $1.38B deal
The Italian mobile application developer Bending Spoons S.p.A. today announced its intent to acquire the YouTube rival Vimeo.com Inc. in an all-cash deal worth around $1.38 billion. Bending Spoons said it expects the transaction to close by the fourth quarter of this year, subject to it receiving regulatory approvals. At that time, the publicly traded Vimeo ...
OpenAI and Oracle strike $300B cloud computing deal to power AI
OpenAI today confirmed that it has signed an agreement to purchase computing infrastructure worth $300 billion from Oracle Corp. over a period of roughly five years, as part of its previously announced Project Stargate data center building initiative. The deal represents one of the biggest cloud contracts in history. It’s a massive commitment that far outstrips OpenAI’s ...
Clockwork raises $20.5M to synchronize GPU clusters and accelerate AI workloads
Data center infrastructure optimization startup Clockwork Systems Inc. says it’s expanding its clock synchronization technology with the launch of a new offering called FleetIQ in order to maximize the utilization of graphics processing units and boost the performance of artificial intelligence workloads. The news came as Clockwork closed on $20.575 million in fresh funding and ...
Lanai’s edge-based observability agents aim to seek out and shut down shadow AI
AI monitoring startup Lanai Inc. says it’s ready to tackle the growing risk presented by “shadow” artificial intelligence with the launch of its new observability agent, which runs so-called “detection models” directly on corporate devices, instead of routing conversations through centralized cloud infrastructure. Lanai says its AI Observability Agent is the next step in AI ...
Adobe’s first AI agents are ready to rock and roll
Adobe Inc. is getting into the agentic artificial intelligence game with the general availability of its first family of AI agents, which promise to transform how enterprises create and optimize customer experiences and marketing campaigns. The Adobe Experience Platform agents were first announced in March at the company’s annual Adobe Summit event, where it said ...
Shares of Synopsys crater after export restrictions derail China sales
Chip design software company Synopsys Inc. missed expectations on earnings and revenue today, hit by weakness in its chip designs segment, and investors sent its stock plummeting in extended trading. The Sunnyvale, California-based company reported third-quarter earnings before certain costs such as stock compensation of $3.39 per share, trailing Wall Street’s forecast of $3.80 per share ...
Oracle’s stock makes biggest single-day gain in 26 years on huge cloud revenue projections
Updated with Wednesday’s closing stock price: Oracle Corp. missed Wall Street’s expectations as it delivered its latest financial results today, but nobody cared because it said it’s anticipating future revenue growth that’s far in excess of the most optimistic forecasts — and its stock soared by almost 36% on Wednesday. In a statement, Oracle Chief ...