Mike Wheatley
Latest from Mike Wheatley
Elon Musk announces ambitious $20B Terafab project to manufacture chips for space-based AI
Billionaire technology entrepreneur Elon Musk announced Saturday that his companies will collaborate on a new, $25 billion chip fabrication plant called “Terafab” that aims to manufacture up to 1 terawatt of computing power annually. When it comes online, it will be the largest semiconductor fab ever built, by an incredibly wide margin. Musk announced Terafab at ...
Verily steps out from under Alphabet’s shadow after raising $300M to advance precision health
Verily Life Sciences is finally growing up, stepping out from under the enormous shadow of its former parent company Alphabet Inc. after raising $300 million in funding today. The round was led by Series X Capital, a venture fund that was set up by Alphabet specifically to help scale up its most promising experimental technology ...
Deeptune raises $43M to accelerate AI learning through virtual training gyms
Artificial intelligence startup Deeptune Inc. said today it’s going to solve the industry’s “data exhaustion” crisis after raising $43 million in an early-stage funding. Andreessen Horowitz led the Series A round, which saw participation from 776, Abstract Ventures and Inspired Capital, plus high-profile angel investors such as OpenAI Group PBC researcher Noam Brown and Mercor.io ...
Snowflake invests in Bedrock Data to strengthen agentic AI system governance
Data governance, security and management startup Bedrock Data is deepening its integration with Snowflake Inc.’s AI Data Cloud after securing a strategic investment from the cloud data warehouse giant. The new partnership, announced today, will see Bedrock Data’s artificial intelligence-driven data classification and governance capabilities integrated with Snowflake Horizon, which is a service within the ...
RunSybil raises $40M to automate offensive security with AI agents
Offensive security startup RunSybil Inc. said today it has closed on a $40 million round of funding to help enterprises find and fix critical vulnerabilities in their software before the attackers get to them first. The round was led by Khosla Ventures and saw the participation of several venture capital heavy hitters, including Menlo Ventures, ...
Micron’s earnings crush forecasts on memory chip demand and it guides for an even bigger beat – but shares fall anyway
Memory chip supplier Micron Technology Inc. almost tripled its revenue in its latest quarter as it stormed past analysts’ expectations, and also provided blowout guidance for the current quarter — yet somehow the stock still fell more than 4% after-hours. The company reported earnings before certain costs such as compensation of $12.20 per share, crushing ...
BusRight bags $30M to ensure school buses always arrive, right on time
BusRight Inc., a startup that’s using artificial intelligence to ensure that school buses get students safely to their classes on time, said today it has raised $30 million in funding. Volition Capital was the sole investor named in the round. The startup is on a mission to transform what is the largest mass transit system ...
Turquoise vows to bring transparent pricing and same-day payments to healthcare after raising $40M
Healthcare payments startup Turquoise Health Corp. said today it has raised $40 million in a new round of funding to try to fix the systemic inefficiencies that lead to denied payments, surprise bills and excessive costs for all parties. The Series C round was led by Oak HC/FT and saw participation from Andreessen Horowitz, Adams ...
Amazon CEO Andy Jassy forecasts cloud revenue to hit $600B by 2036, thanks to AI
Artificial intelligence is likely to help Amazon.com Inc.’s cloud computing business reach $600 billion in annual sales within the next decade, according to Amazon Chief Executive Andy Jassy. The bold forecast came during an internal all-hands meeting with company employees today. Jassy provided employees with a comprehensive update on the state of the company’s businesses, ...
Nebius secures $27B AI infrastructure commitment from Meta Platforms
Dutch cloud computing infrastructure company Nebius Group NV has secured a colossal $27 billion deal with Meta Platforms Inc., boosting its stock by more than 14% today. Under the terms of the deal, Nebius will provide Meta with $12 billion of dedicated artificial intelligence compute capacity across multiple data center locations, including what will be ...