Mike Wheatley
Latest from Mike Wheatley
AMD’s guidance leaves investors wanting more, and its stock tumbles
Advanced Micro Devices Inc. disappointed investors with a tepid sales forecast today, and its stock was heading south during the extended trading session. The company’s stock was down more than 7% after hours, despite solid third-quarter earnings that met expectations and revenue that came in ahead of them. AMD reported earnings before certain costs such ...
Alphabet’s stock jumps as cloud fuels strong revenue growth
Shares of Google LLC’s parent company Alphabet Inc. trading higher in the after-hours session today following a solid earnings beat driven by strong cloud revenue growth. Alphabet’s stock was up more than 5% in extended trading, adding to a slight gain made during the regular trading session. The company reported third-quarter earnings before certain costs such ...
Nvidia hands out blueprints for the creation of scalable ‘AI factories’
Nvidia Corp. said today it wants to help organizations plan and build advanced, future-proof “artificial intelligence factories” to support a new generation of intelligent applications that will come online in the years ahead. When Nvidia talks about AI factories, what it really means is high-performance and secure data centers designed to “manufacture intelligence,” and it ...
Pegasystems moves the needle on generative AI development with Pega Infinity updates
Pegasystems Inc., the low-code automation software company, is enhancing its suite of artificial intelligence development tools today with a host of new updates. The new capabilities within the Pega Infinity platform are all about accelerating the development of generative AI in particular, with the goal of building applications that can enhance employee productivity and optimize ...
Moveworks taps agentic AI to aid in enterprise search
Generative AI copilot company Moveworks Inc. today announced the immediate availability of a new enterprise search tool powered by an innovative new “reasoning engine” that’s better able to understand what users are trying to achieve. The company is building on its flagship product, a generative artificial intelligence copilot that can be embedded into every enterprise ...
Brightwave raises $15M to accelerate financial research with AI
Brightwave Inc., creator of an artificial intelligence-powered financial research platform for investment banks, hedge fund managers and other finance professionals, said today it has closed on a $15 million early-stage round of funding. Today’s Series A round was led by Decibel Partners and saw participation from Omers Ventures, bringing the company’s total amount raised to ...
OSI clarifies what makes AI systems open-source, but most ‘open’ models fall short
The highly respected Open Source Initiative, which has a reputation for being one of the most prominent stewards of open-source software, has finally come up with an official definition on what makes artificial intelligence models open or not. The definition was immediately rejected by Meta Platforms Inc., whose popular Llama large language models fail to ...
Generative AI agent startup Sierra Technologies raises $175M at $4.5B valuation
Sierra Technologies Inc., a hot artificial intelligence startup co-founded by ex-Salesforce Inc. co-Chief Executive Bret Taylor, said today it has closed on a $175 million funding round that brings its valuation to $4.5 billion. The round was led by Greenoaks Capital and saw participation from Thrive Capital and Iconiq, and confirms a report earlier this ...
Read AI lands $50M in new funding as it strives to become everyone’s AI copilot
The productivity-focused artificial intelligence startup Read AI Inc. said it had closed on a $50 million Series B funding round today, coming just six months after it raised $21 million via a Series A round. Today’s round was led by Smash Capital and saw participation from existing Madrona and Goodwater Capital. It brings the company’s ...
Filigran raises $35M to help companies simulate and respond to cyberattacks
French cybersecurity startup Filigran SAS is looking to expand its presence in the U.S. after closing on a $35 million Series B round of funding. Today’s round was led by Insight Partners and saw participation from existing backers Accel and Moonfire, and comes just eight months after the company raised $16 million in a Series ...