Mike Wheatley
Latest from Mike Wheatley
BeyondMath raises $8M to transform engineering and design with AI trained on world’s knowledge of physics
Artificial intelligence startup BeyondMath Ltd. said today it has raised $8.5 million in a seed funding round to train its foundational large language models on physics equations, as part of its mission to transform engineering processes through more advanced simulations. Today’s round was led by UP.Partners and saw participation from Insight Partners and InMotion Ventures. ...
Environmentalists sound alarm over Virginia’s data centers as water consumption skyrockets
Concerns are being raised over the environmental impact of Virginia’s data centers after a report revealed they have increased their water consumption by almost two-thirds in the last five years. With the rapid adoption of artificial intelligence, there are fears that the situation will only get worse. The report by the Financial Times cites data obtained ...
Goodfire AI raises $7M to demystify AI systems using mechanistic interpretability techniques
Goodfire AI, a public benefit corporation and research lab that’s trying to demystify the world of generative artificial intelligence, said today it has closed on $7 million in seed funding to help it develop tools for debugging AI systems. Today’s round was led by the high-profile venture capital firm Lightspeed Venture Partners and saw the ...
Hermes 3, a super-creative version of open-source Llama 3.1 AI model, even struggles with inner conflict
Artificial intelligence startups Lambda Inc. and Nous Research today announced the launch of a new large language model called Hermes 3, which it says is a “personalized, unrestricted” version of Meta Platforms Inc.’s open-source Llama 3.1 model. The largest 405 billion parameter version of the Hermes 3 model is unusual in that it displays evidence ...
Applied Materials delivers record third-quarter sales as AI fuels chip demand
Semiconductor industry equipment maker Applied Materials Inc. posted higher-than-expected fiscal third-quarter revenue and profit today, driven by demand from artificial intelligence chipmakers. The company reported earnings before certain costs such as stock compensation of $2.12 per share, beating the analysts’ forecast of $2.03 by a comfortable margin. Revenue rose 5.5% from a year earlier, to $6.78 ...
Autonomous factory firm Hadrian buys Datum Source to cater to defense industry startups
Hadrian Automation Inc., a startup that operates autonomous factories for the defense and space industries, said today it has acquired the procurement software firm Datum Source Inc., whose platform uses artificial intelligence to connect startups with specialist manufacturing partners. The acquisition is being tagged as a strategic move that will enable Hadrian to accommodate the unique ...
Cisco reveals plan to cut thousands of jobs as it beats earnings forecast
Shares of Cisco Systems Inc. rose in extended trading today after the networking company said it’s cutting 7% of its global workforce and reported quarterly financial results that topped analysts’ estimates. The layoffs, which are the company’s second round of job cuts this year, are part of a restructuring plan that will result in about $1 ...
Housing and healthcare AI startup EliseAI raises $75M and hits unicorn status
Elise A.I. Technologies Corp., the creator of artificial intelligence-powered management tools for the housing and healthcare industries, said today it has become New York City’s latest tech unicorn after closing on a $75 million late-stage round of funding. Today’s Series D round was led by Sapphire Ventures and saw the participation of existing investors such ...
AI code review startup CodeRabbit raises $16M to help developers debug code faster
Generative artificial intelligence code revenue startup CodeRabbit Inc. has set its sights on becoming an essential part of every developer’s toolkit after closing on $16 million in early-stage funding. Today’s Series A round was led by CRV and saw participation from Flex Capital, Engineering Capital and a number of angel investors, the most prominent of ...
AI data development platform startup Encord raises $30M
Data annotation platform provider Encord, officially known as Cord Technologies Inc., said today it has closed a $30 million Series B investment led by Next47, with participation from previous backers Y Combinator, CRV and Crane Venture Partners. The startup has created what it likes to call a “data development platform” that’s designed to make artificial ...
