Mike Wheatley
Latest from Mike Wheatley
3D app and game design platform Spline raises $10M and extends support to Android
3D graphics design platform startup Spline Inc. said today it has closed on a $10 million funding, which coincides with the addition of Android support, opening up its collaborative capabilities to millions of Android ecosystem developers. Today’s Series A round was led by Third Point Ventures, which was joined by a number of prominent venture ...
Foundry Technologies launches resellable GPU instances for more cost-effective AI
Cloud computing infrastructure startup Foundry Technologies Inc. is looking to disrupt the artificial intelligence compute industry with the launch of Foundry Cloud Platform, a real-time market and orchestration engine that it says provides simpler and more affordable access to graphics processing units. The company says Foundry Cloud Platform reduces the operational complexity of renting out ...
Linux Foundation’s latest initiative aims to promote ‘irrevocable’ open-source AI models
The Linux Foundation today welcomed a new initiative that aims to encourage the development of high-quality, openly licensed artificial intelligence models that will be free to use and “push creativity forward,” in response to a growing demand for truly open AI. The Open Model Initiative or OMI was established in response to a number of ...
Cosine raises $2.5M for its ‘uncannily human’ AI coding assistant Genie
Cosine, an artificial intelligence startup that’s focused on mimicking human reasoning, said today it has closed on a $2.5 million seed funding round to finance the development of its cutting-edge AI software developer. Today’s round was led by U.S. based venture capital firms Uphonest and SOMA Capital, and saw participation from Lakestar, Focal and others. ...
Tech industry mourns the passing of former Googler and YouTube CEO Susan Wojcicki at age 56
Former YouTube Chief Executive Susan Wojcicki, who was one of the earliest and most influential employees at Google LLC, has passed away at the age of 56. News of her death was announced by Google and parent Alphabet CEO Sundar Pichai and Wojcicki’s husband Dennis Troper via social media posts late on Friday, and was ...
Rackspace demonstrates impressive efficiency gains, sending its stock way higher
Shares of Rackspace Technology Inc. hit a hot streak today, rising during the regular trading period and then accelerating after the company posted its latest financial results at market close. The results were solid, with Rackspace comfortably beating analysts forecasts on both earnings and revenue as it returned to profitability. The cloud services provider reported ...
Shares of Dropbox inch up as Q2 financial results top expectations
File-sharing services provider Dropbox Inc. posted a solid earnings and revenue beat as it published its second-quarter financial results today, but lukewarm sales guidance for the current quarter meant it was unable to generate much excitement on Wall Street. The company reported earnings before certain costs such as stock compensation of 60 cents per share, ...
DigitalOcean cruises to another easy earnings beat
Shares of the developer-oriented cloud infrastructure provider DigitalOcean Holdings Inc. made strong gains during the regular trading session today, and continued to rise after-hours after delivering some solid second-quarter financial results. The company reported earnings before certain costs such as stock compensation of 48 cents per share on $192.5 million sales in the quarter, up ...
Intel targets opportunity for AI-powered cars in China with its first discrete GPU
Intel Corp. said today it’s looking to leverage the growing demand for artificial intelligence in the automotive industry, launching its first-ever discrete graphics processing unit for autonomous and intelligent cars at a special event in Shenzhen, China. The new Intel Arc Graphics for Automotive dGPU was unveiled at the company’s AI Cockpit Innovation Experience, ahead ...
Data center infrastructure firm Equinix raises annual forecasts, betting on AI growth
Digital infrastructure company Equinix Inc. said today it’s raising a number of key metric forecasts for the full year, betting on higher demand for its data center operations services amid the rising adoption of generative artificial intelligence technologies. The decision came as the real estate investment trust delivered an encouraging second-quarter financial report that saw ...
