Mike Wheatley
Latest from Mike Wheatley
Gloomy guidance and increased cloud competition weigh on Amazon’s stock, despite solid earnings beat
Shares of Amazon.com Inc. were trading more than 6% lower after-hours today, after the e-commerce and cloud computing infrastructure giant could only offer light guidance for the current quarter. The decline came in the wake of some fairly decent numbers from Amazon as it posted its second-quarter financial results, beating Wall Street’s targets on earnings ...
Amazon DocumentDB goes serverless with automatic scaling to support agentic AI workloads
Amazon Web Services Inc. is adding to its serverless database offerings with the launch of Amazon DocumentDB Serverless. Launched in general availability today, Amazon DocumentDB Serverless is a fully managed database service that’s designed specifically for storing, querying and indexing document data structures. Because it’s serverless, it can adjust its capacity automatically, based on the ...
Shares of chipmakers Arm and Qualcomm slide as smartphone sales skid
Shares of the chipmakers Arm Holdings Plc and Qualcomm Inc. were both heading lower in today’s after-hours trading session. The decline in Arm’s stock was perhaps understandable, given its mixed results, but Qualcomm will be wondering what it did wrong after beating expectations on earnings and revenue and offering strong guidance for the current quarter. ...
Meta’s stock makes sharp gains on blowout earnings results
Meta Platforms Inc. easily beat Wall Street’s expectations as it posted its second-quarter financial results today, and its shares gained more than 11% in extended trading. The company reported earnings before certain costs such as stock compensation of $7.14 per share, while revenue for the period rose 22%, to $47.52 billion. Those numbers shattered expectations, ...
Microsoft crushes earnings expectations and its market cap soars above $4T
Shares of Microsoft Corp. gained more than 9% in extended trading today after the company delivered solid earnings and revenue that came in above expectations. The after-hours increase lifted the company’s market capitalization above the $4 trillion milestone, trailing in the wake of Nvidia Corp., which passed that pinnacle earlier this month. The company reported ...
Observe raises $156M to accelerate enterprise shift to AI-native observability
The artificial intelligence-native observability company Observe Inc. said today it has raised $156 million in a Series C round of funding. The round was led by Sutter Hill Ventures, which also led its $115 million Series B raise in March of last year. Madrona Ventures, Alumni Ventures, Capital One and the venture capital arms of ...
Cyata Security gets $8.5M in funding to help companies get a grip on their AI agents
Artificial intelligence security startup Cyata Security Ltd. is looking to rein in out-of-control AI agents after closing on an $8.5 million seed funding round, it announced today. The round was led by TLV Partners and saw backing from Ron Serber and Yossi Carmil – two former chief executives of the digital forensics company Cellebrite DI ...
AI startup Artificial Societies simulates the behavior of target audiences to speed up market research
Artificial intelligence audience testing startup Artificial Societies Ltd. today launched its flagship “societal simulator” tool in order to speed up market research. The Artificial Collective Intelligence or AS platform is designed to understand social dynamics and accurately predict trends, so that businesses and creators can test how specific target audiences might respond to new products, ...
Lumana gets $40M to build more intelligent video surveillance systems
Lumana AI Inc., a startup using artificial intelligence to automate video surveillance, wants to alter the way businesses monitor the physical world after raising $40 million in an early-stage funding. Today’s Series A round was led by Wing Venture Capital and saw continued backing from Norwest Venture Partners LP and S Capital VC Management Ltd., ...
AI-native clinical documentation startup Ambience Healthcare raises $243M
Ambience Healthcare Inc., a provider of ambient artificial intelligence documentation tools, said today it has closed on $243 million in Series C funding, bringing its total amount raised to date to more than $345 million. It’s one of the biggest funding rounds in the healthcare technology industry so far this year. It was led by ...