Mike Wheatley
Latest from Mike Wheatley
Advanced Micro Devices Inc. easily beat Wall Street’s expectations in its latest financial results, but although it offered a bullish forecast for the current quarter, it still disappointed some analysts who were expecting the chipmaker to show even stronger momentum. The company …
Tomorrow.io raises $175M to deploy its AI-native weather satellite constellation
Elon Musk might have another competitor on his hands following the news that the satellite constellation company Tomorrow.io Inc. has just closed on a bumper $175 million in funding. The money was provided by Stonecourt Capital and HarbourVest, and the company said …
Raising $6.1M in seed funding, Airrived says agentic AI’s breakthrough moment has arrived
Agentic artificial intelligence startup Airrived has arrived on the scene to help enterprises transform AI agents into the “foundational infrastructure” of their business operations after raising $6.1 million in seed funding. Today’s round was led by Cannage Capital and saw participation from …
NXP beats expectations and its forecast is bullish, but investors shrug
NXP Semiconductors N.V. delivered fourth-quarter results that surpassed expectations and offered strong guidance for the current quarter, but investors were nonplussed and its stock fell in extended trading. The Dutch chipmaker reported earnings before certain costs such as stock compensation of $3.35 …
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 …
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 …
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 …
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. …
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 …
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 …