Mike Wheatley
Latest from Mike Wheatley
Huawei launches CloudMatrix 384 server as an alternative to Nvidia’s AI infrastructure stack
China’s Huawei Technologies Co. Ltd. threw down the gauntlet to Nvidia Corp. Saturday when it revealed its most powerful artificial intelligence server system to date. The company unveiled the CloudMatrix 384 system at the World Artificial Intelligence Conference in Shanghai, where dozens of local companies showed off their latest AI hardware. Reuters reported that Huawei ...
Efficient Computer targets edge workloads with highly efficient Electron E1 chip launch
Low-power computer chip startup Efficient Computer Co. today announced the launch of its new flagship Electron E1 processor, dramatically reducing the energy requirements of general-purpose computing workloads. The Electron E1 processor is available to developers now, alongside the company’s new effcc Compiler, which is a tool that helps to simplify how applications are integrated with the ...
Portable data center startup Armada gets $131M to power computing operations in remote locations
Mobile data center startup Armada Inc. today said it has raised a $131 million strategic funding round as it looks to bring powerful computing capabilities to the world’s most remote and challenging environments. A smorgasbord of investors was involved in the round, with new backers Pinegrove, Glade Brook and Veriten joined by existing investors such ...
Intel to lay off 15% more staff by year-end and scale back foundry investments
Intel Corp. said today it’s going to shrink its workforce by an additional 15% by the end of the year, as part of its previously announced efforts to create a “faster-moving, flatter and more agile” organization. The disclosure came as Intel published its second-quarter financial results today. The chipmaker said it plans to end the ...
ServiceNow’s agentic AI push pays off with blowout earnings and strong revenue growth
The information technology service management software specialist ServiceNow Inc. delivered another strong earnings and revenue beat today as it posted its second-quarter results, sending its stock higher in extended trading. The company reported earnings before certain costs such as stock compensation of $4.09 per share, trouncing the analysts’ target of $3.57 by a big distance. ...
AI mainframe sales help IBM beat Street’s earnings targets, but software miss upsets investors
Updated with Thursday stock decline: IBM Corp. beat expectations on second-quarter earnings and revenue today, aided by strong sales of new mainframe hardware that’s capable of processing vast amounts of data for artificial intelligence workloads, but a miss on software revenue sent its stock plunging nearly 8% on Thursday. The company reported earnings before certain ...
Alphabet beats earnings targets, but investors worry about increased AI spending
Google LLC’s parent company Alphabet Inc. reported second-quarter earnings and revenue that surpassed expectations, but surprised investors when it said it’s going to increase its capital investments in fiscal 2025 by an additional $10 billion. The company reported earnings before certain costs such as stock compensation of $2.31 per share, surpassing the $2.18 estimate from ...
Upwork launches AI-conducted interviews to help employers sift through job applicants faster
Freelancer marketplace platform Upwork Inc. is beefing up its artificial intelligence capabilities with a new Uma chatbot-powered feature called “Instant Interviews” that aims to help employers streamline the initial screening process and narrow down their list of job candidates. The updates to Uma are part of a comprehensive revamp of the Upwork platform. Other new ...
Amazon buys wearable AI device maker Bee for an undisclosed sum
Amazon.com Inc. is buying the wearable electronics startup Bee, officially known as Bluush Inc., for an undisclosed price, as part of a strategy to take the lead in more personal artificial intelligence services. The acquisition, which has not yet closed, was announced by Bee co-founder and Chief Executive Maria de Lourdes Zollo on LinkedIn, who ...
Pegasystems’ strong earnings and revenue don’t impress investors, and its stock flounders
Business automation software provider Pegasystems Inc. might be wondering what it did wrong today after posting solid earnings and revenue in its latest financial report, only to see its stock fall sharply in extended trading. Update: Pegasystems’ stock rebounded sharply in regular trading today, registering a gain of more than 13%. The company reported second-quarter ...