Mike Wheatley
Latest from Mike Wheatley
Disappointing guidance and mixed earnings crater JFrog’s stock
Shares of the software supply chain tooling company JFrog Ltd. took a beating in after-hours trading today on mixed second-quarter financial results and disappointing guidance that came in below analysts’ expectations. The company reported second-quarter earnings before certain costs such as stock compensation of 15 cents per share, just beating the Street’s consensus estimate of ...
Visual AI startup Napkin.ai launches graphics generator for business storytelling
Visual artificial intelligence startup Napkin.ai Inc. today announced the launch of a new tool that transforms text such as business plans, pitch decks and newsletters into imagery that can better communicate the complex ideas they detail. The startup said it’s trying to help people enhance their communication and explain their ideas more easily, adding that ...
OpenAI responds to ‘very popular demand’ with launch of key LLM safety feature for developers
OpenAI today announced a key update that finally delivers the top-requested feature developers have been asking for. With the launch of its Structured Outputs in the API feature, the company is providing developers with a reliable way to ensure that the outputs of their generative artificial intelligence models match the data stored within their JavaScript Object Notation Schema ...
Intel finally delivers some good news, hitting key 18A process node milestone
Intel Corp. finally had some good news to share for a change, providing an encouraging update on the progress of its most advanced 18A fabrication process, which will be used to manufacture a new generation of computer chips. In today’s update, Intel said it has “powered on” two key products that will be the first ...
Strong earnings report pushes GlobalFoundries’ stock higher in extended trading
Shares of the contract chip manufacturer GlobalFoundries Inc. edged higher in the after-hours trading session today following a strong earnings and revenue beat. The stock ticked upward, even though investors were likely to have been disappointed by the company’s mixed outlook. The company reported second-quarter earnings before certain costs such as stock compensation of 38 cents per ...
Startup Scamnetic debuts AI-powered scam detection platform to detect fraudsters in real time
Artificial intelligence-powered “scam detection” startup Scamnetic Inc. said it’s making its flagship platform available to software providers today. Customers will be able to integrate its platform into their software via an application programming interface and provide their users with robust protection from “every type of scam,” the startup promised. Scamnetic says its platform is designed to ...
Salesforce extends generative AI smarts to its Nonprofit Cloud platform
Salesforce Inc. said today that its dedicated Nonprofit Cloud platform is the latest product in its portfolio to benefit from an infusion of generative artificial intelligence. In a new update, the company is introducing AI-powered tools to help nonprofits improve their operational efficiency, personalize donor engagement and discover more funding sources. Among the new features ...
Open-source data science platform Knime raises $30M to seize opportunity in generative AI
Open-source data science platform provider Knime AG said today it has closed on a new, $30 million investment from its longtime backer Invus. The round is the first major investment the company has received since Invus led its initial Series A funding round way back in 2017, and brings its total amount raised to date ...
Private equity firm Apax buys Thoughtworks in $1.75B takeover deal
Shares of the technology consultancy Thoughtworks Holding Inc. jumped more than 27% during the regular trading session today after it revealed it has agreed to be acquired by the British private equity firm Apax Partners LLP in a deal worth about $1.75 billion. The transaction will see Thoughtworks exit the stock market and return to ...
Placer Labs raises $75M to enhance market research initiatives with foot traffic data and AI
Location data startup Placer Labs Inc., better known as Placer.ai, said today it has closed on a bumper $75 million funding round that brings its valuation to almost $1.5 billion. Today’s round was unusual in that Placer.ai declined to name any of its investors, except to say that they were all existing backers. According to ...
