Mike Wheatley
Latest from Mike Wheatley
Enterprise-focused AI translation platform and marketplace operator Smartcat raises $43M in funding
Enterprise language translation company Smartcat Platform Inc. said today it has closed on a $43 million Series C funding round led by Left Lane Capital to fuel its expansion. Smartcat is the creator of what it says is a simple, intuitive platform that uses artificial intelligence to automatically translate and create content for global businesses. ...
Oracle NetSuite expands its AI capabilities to deliver greater efficiency for businesses
Oracle Corp.’s NetSuite today announced a host of new product updates and features, with many of them unsurprisingly focused on artificial intelligence. The new offerings are based on Oracle’s existing AI capabilities, which have been embedded into NetSuite to enhance various aspects of the platform, around procurement, project management, user experience and more. They were unveiled ...
Oracle’s stock pops on strong earnings beat, driven by cloud growth and new partnerships
Shares of Oracle Corp. hit an all-time high in extended trading today, after the database company delivered strong first-quarter results that topped analysts’ forecasts and announced a new partnership with the most dominant cloud infrastructure provider, Amazon Web Services Inc. Oracle reported earnings before certain costs such as stock compensation of $1.39 per share, comfortably ...
Oracle buries the hatchet with AWS, bringing its database to the world’s top cloud platform
Oracle Corp. dropped a bombshell today with the news that it has put aside its longstanding differences with Amazon Web Services Inc., forming a “strategic partnership” with its former enemy to bring its Autonomous Database offering to the world’s biggest cloud infrastructure platform. The announcement ahead of Oracle Cloud World this week in Las Vegas came as the ...
Salesforce unleashes an army of artificial intelligence bots with Industries AI
Salesforce Inc. today announced one of its most comprehensive artificial intelligence updates to date with the launch of Industries AI, a new automation platform that can perform a variety of time-consuming tasks on behalf of human workers. The company says Industries AI will be embedded into all 15 of its cloud platforms, such as Sales ...
SiMa.ai debuts new system-on-chip for multimodal AI at the network edge
Artificial intelligence chip startup SiMa Technologies Inc. has unveiled what it says is the first system-on-chip platform that’s specifically designed to handle multimodal AI workloads at the embedded edge. With today’s launch, the startup reckons it can power a wide range of AI workloads in industrial robots and other edge computing devices with much lower ...
Salesforce set to buy cloud data backup specialist Own Co. for $1.9B in cash
Salesforce Inc. said today it will splash $1.9 billion in cash to buy a startup called Own Co., previously known as OwnBackup Ltd., which sells tools for backing up data in cloud-based applications. The deal is expected to close by the end of January 2025, assuming its gets approval from regulators. The amount represents a big ...
Growing demand for AI helps UiPath deliver strong revenue beat and upbeat guidance
Automation software company UiPath Inc. rode on the back of growing enterprise enthusiasm for all things artificial intelligence to surpass Wall Street’s expectations for its second-quarter results today. It also raised its revenue guidance for the full year, and investors nodded their appreciation, sending the stock up more than 10% after-hours. The company reported earnings ...
Broadcom’s stock falls on weak outlook, despite strong AI chip sales and VMware bookings
Shares of Broadcom Inc. traded lower following the closing bell today, after the chipmaker reported quarterly financial results that swung to a loss and offered guidance that fell short of expectations. The company may have hoped for a reprieve as it boosted its guidance in terms of annual artificial intelligence revenue, having topped analysts’ expectations in ...
Red Hat launches RHEL AI platform for hybrid cloud generative AI development
Open-source software giant Red Hat Inc. has announced the launch of its dedicated foundation model platform for generative artificial intelligence development in hybrid cloud environments. Red Hat Enterprise Linux AI is generally available today, having been announced three months ago at the Red Hat Summit. It brings together the open-source Granite family of large language models ...
