Mike Wheatley
Latest from Mike Wheatley
Snowflake’s stock surges after-hours on solid earnings beat and multibillion-dollar AWS cloud deal
Snowflake Inc.’s shares jumped in late trading today after it announced a $6 billion spending commitment on Amazon Web Services Inc.’s cloud infrastructure, including a deal to use the company’s custom artificial intelligence chips. The cloud data platform giant also reported stellar first-quarter earnings results, powering past Wall Street’s targets in a sign that the ...
Tensormesh taps Nvidia, AMD and CoreWeave for funding to fix AI model memory problems
Tensormesh Inc. has hit upon a way to make artificial intelligence inference more efficient by eliminating the need for redundant computations, and its technology is so convincing that several of AI infrastructure giants are backing it with $20 million in funding. Today’s round saw the participation of Nvidia Corp., Advanced Micro Devices Inc. and CoreWeave ...
WisdomAI brings plug-and-play conversational AI analytics capabilities to SaaS applications
Not content with its push into autonomous artificial intelligence workers, WisdomAI Inc. is bringing its comprehensive analytics capabilities to third-party software-as-a-service platforms with today’s launch of Embedded Agentic Analytics. The new offering helps software companies to quickly integrate sophisticated conversational AI and data analysis tools into their applications, saving them from the hassle of having ...
RevEng.AI raises $15M to reverse-engineer software binaries and hunt down malicious threats
British software supply chain security startup RevEng.AI today said has raised $15 million in early-stage funding after developing technology similar to Anthropic PBC’s Mythos model and working out a way to put it to good use. The startup, officially known as Binary AI Ltd., wants to help organizations use its technology to analyze software at ...
Micron and SK hynix surpass $1T valuation milestone on surging AI memory demand
Memory chipmakers Micron Technology Inc. and SK hynix Inc. each saw their market values surge above $1 trillion for the first time today, driven by insatiable demand for their products from artificial intelligence firms. Micron’s stock jumped more than 19% today, as investors piled into the stock following a report from the investment bank UBS, which ...
Box barely beats the Street’s expectations and nervous investors back away
Shares of the cloud content management firm Box Inc. headed lower in extended trading today after it barely scraped past Wall Street’s earnings and revenue targets in its first quarter. The company reported adjusted earnings of 37 cents per share, coming in just ahead of the analyst consensus estimate of 36 cents. Meanwhile, revenue for the ...
Exclusive: Canyon Code closes on $5M pre-seed round to bring visibility to agentic application workflows
Agentic artificial intelligence startup Canyon Code stepped out of the shadows today after closing on a $5 million pre-seed funding round. Its mission is to give enterprises the granular controls required to successfully manage and optimize a new generation of “multi-agent” intelligent applications. Cota Capital led the round, with participation from Newbuild Ventures and Blackhorn ...
China’s Huawei unveils new sanctions-busting chip architecture that replaces Moore’s Law
Chinese electronics giant Huawei Technologies Co. Ltd. today unveiled a new chip design framework that it says will help it to close the gap in the semiconductor industry with global leaders like Taiwan Semiconductor Manufacturing Co. and Nvidia Corp. The company also announced a new “Tau Scaling Law” as a replacement for Moore’s Law in ...
California to explore possible subsidies for companies that don’t replace workers with AI
California is trying to prepare itself for artificial intelligence job disruption ahead of time. Governor Gavin Newsom today ordered state officials to begin exploring a massive overhaul of its labor policies in an effort to stave off the prospect of mass unemployment from AI. The executive order, the first of its kind signed by any U.S. ...
Serverless AI infrastructure startup Modal Labs seals $355M funding round
Artificial intelligence startups are facing two massive headaches: There’s too much AI-generated code to deal with, and not nearly enough computing power to run it all on. Modal Labs Inc., which has just raised $355 million in a new funding round, believes it can kill both birds with one stone. The New York City-based startup ...