Mike Wheatley
Latest from Mike Wheatley
Shares of Box surge in extended trading as generative AI bets start paying off
Shares of the cloud content company Box Inc. rose in after-hours trading today after it delivered second-quarter financial results that surpassed estimates and it raised its full-year forecast. The company reported earnings before certain costs such as stock compensation of 44 cents per share, easing past the analyst’s consensus estimate of 40 cents. Revenue for ...
Cerebras Systems throws down gauntlet to Nvidia with launch of ‘world’s fastest’ AI inference service
Ambitious artificial intelligence computing startup Cerebras Systems Inc. is raising the stakes in its battle against Nvidia Corp., launching what it says is the world’s fastest AI inference service, and it’s available now in the cloud. AI inference refers to the process of running live data through a trained AI model to make a prediction ...
Katara raises $2.2M in seed funding to accelerate developer experiences with generative AI
Developer experience platform startup Katara AI Inc. today revealed it has closed on a $2.2 million seed funding round, with plans to use the money to expand beyond its Web3 customer base and target developers at legacy technology firms. Today’s round was co-led by Diagram Ventures and Sparkle Ventures, and saw participation from StreamingFast and ...
Quest Software announces enhanced data intelligence and modeling tools to boost AI data quality
Quest Software Inc., the former Dell Technologies Inc. business unit that’s focused on enterprise data management and security, today announced a major update to its popular erwin Data Intelligence and erwin Data Modeler tools. The revamped offerings enable companies to pursue a more comprehensive approach to managing, governing and using data to fuel their ambitions ...
Anthropic reveals system prompts that guide its Claude AI models’ behavior
Anthropic PBC, one of the major rivals to OpenAI in the generative artificial intelligence industry, has lifted the lid on the “system prompts” it uses to guide its most advanced large language models, such as Claude 3.5 Opus, Claude 3.5 Sonnet and Claude Haiku. It’s an intriguing move that positions Anthropic as a bit more ...
Luca Maestri to step down as Apple CFO next year
Apple Inc. said today that its longtime Chief Financial Officer Luca Maestri will step down from the role in a transition that will take place at the start of next year, to be replaced by another Apple executive, Kevan Parekh. Maestri (pictured) won’t depart the company completely. Instead, he will take on the role of head ...
Startup FuriosaAI debuts RNGD chip for LLM and multimodal AI inference
FuriosaAI Inc., a semiconductor startup that’s laser-focused on artificial intelligence, has unveiled a new accelerator chip it says is geared for large language models and multimodal AI. Its new chip is called RNGD, pronounced “Renegade,” and it was unveiled at the Hot Chips 2024 conference in Stanford University today. It’s sampling to early access customers ...
IBM unveils new Telum II AI processor set to power its next-generation mainframe systems
IBM Corp. today revealed the specifications of its upcoming Telum II Processor, which is set to power the next generation of its iconic mainframe systems and boost their relevance in the artificial intelligence processing industry. Details of the new chip were unveiled at the Hot Chips 2024 event taking place at Stanford University this week. The ...
Workday’s stock flopped, then popped on confident long-term growth forecast
Workday Inc.’s stock soared more than 11% in extended trading today after it delivered a solid earnings and revenue beat, announced a new $1 billion stock buyback plan and provided an upbeat long-term forecast. The shares initially lost ground late today after the human resources and financial software developer posted guidance for the next quarter ...
AI21 Labs’ updated hybrid SSM-Transformer model Jamba gets longest context window yet
OpenAI rival AI21 Labs Ltd. today lifted the lid off of its latest competitor to ChatGPT, unveiling the open-source large language models Jamba 1.5 Mini and Jamba 1.5 Large. The new models are based on an alternative architecture that enables them to ingest much longer sequences of data, so they can better understand context compared ...
