Mike Wheatley
Latest from Mike Wheatley
OpenAI bags $200M Pentagon contract to explore defense industry AI applications
OpenAI said today it’s working with the U.S. Department of Defense on a pilot program that will see it create “frontier AI” capabilities, but it hasn’t divulged exactly what it’s building. The DoD confirmed the arrangement in its daily list of newly-awarded contracts today, where it revealed it will award OpenAI up to $200 million ...
Scale AI CEO Alexandr Wang departs to join Meta after securing multibillion-dollar investment
Scale AI Inc. says its founder and Chief Executive Alexandr Wang is leaving to join Meta Platforms Inc., after confirming that the social media giant has made a “significant” investment in the company. The red-hot artificial intelligence startup said Chief Strategy Officer Jason Droege will take over from Wang as its new interim CEO, but ...
Adobe posts solid earnings beat and raises its full-year guidance, but investors yawn
Adobe Inc. raised its full-year profit and revenue guidance after beating Wall Street’s targets in its latest financial results, but the positive numbers failed to impress investors much, and its stock was moving lower in late-trading. The company reported second-quarter earnings before certain costs such as stock compensation of $5.06 per share on revenue of $5.87 ...
Multiverse Computing bags $215M for its quantum-inspired AI model compression tech
Multiverse Computing S.L. said today it has raised $215 million in funding to accelerate the deployment of its quantum computing-inspired artificial intelligence model compression technology, which promises to reduce the costs of AI inference dramatically without impacting on performance. The Series B investment was led by Bullhound Capital and saw the participation of numerous others, ...
Databricks brings data insights to every business worker with AI-powered BI
Databricks Inc. says it’s trying to bring the power of big data analytics to every business worker with the launch of its new artificial intelligence-powered business intelligence tool, Databricks One. The company sells a cloud-based data warehouse platform that provides a collaborative environment for data engineering, data science, machine learning and analytics. It has become ...
Oracle beats expectations on ‘insatiable’ cloud demand, sending its stock higher
Database giant Oracle Corp.’s stock moved up more than 7% in extended trading today after reporting financial results that surpassed analysts’ expectations and saying it expects cloud growth to accelerate in the current quarter. The company reported fourth-quarter earnings before certain costs such as stock compensation of $1.70 per share on revenue of $15.9 billion, ...
OpenAI’s newest reasoning model o3-pro surpasses rivals on multiple benchmarks, but it’s not very fast
OpenAI is upping the ante in artificial intelligence reasoning with the launch of o3-pro today, claiming it’s the most advanced model of its kind. The o3-pro model is a more powerful version of the original 03 reasoning model, which debuted earlier this year. Reasoning models are more intelligent than standard generative AI models like the ...
Time intelligence startup Laurel gets $100M to turbocharge worker productivity
AI-native time keeping startup Laurel Inc. said today it has raised $100 million in a Series C funding round to try and transform the productivity of legal, consulting and accounting firms, whose biggest resource is human capital. Today’s round was led by IVP and backed by a long list of participating investors, including Google LLC’s ...
GitLab’s revenue outlook comes up short and its stock gets hammered
Shares of the DevOps pioneer GitLab Inc. were battered and bruised in late trading today after it increased its full-year profit outlook but narrowly missed expectations on sales guidance. That came after it logged a narrower loss in the first quarter and grew its revenue. The company, which provides software development tools for enterprises, reported first-quarter ...
Harness scales up its Internal Delivery Platform to accelerate software delivery
Harness Inc., the software delivery platform startup that provides tools for developers to update and monitor their applications on the fly, today announced a major update aimed at helping enterprises dramatically scale up their application development efforts. The latest release of the Harness Internal Developer Portal is meant to address challenges such as the need ...