Mike Wheatley
Latest from Mike Wheatley
Broadcom’s stock rises on strong AI chip sales and improved annual sales forecast
Shares of the chipmaker Broadcom Inc. trended higher today after the company reported financial results that surpassed Wall Street’s estimates. It also raised its forecast for the year and announced a 10-for-1 stock split that will come into effect next month. The company reported fiscal second-quarter earnings before certain costs such as stock compensation of $10.96 per share, ...
BlinqIO raises $5M to automate software testing using generative AI
Generative artificial intelligence software testing startup BlinqIO Inc. said today it has closed on a $5 million round of funding to get around a shortage of human test programmers. Today’s round was led by Flint Capital and saw participation from Inovia Capital’s Precede Fund I. BlinqIO has built what it says is the industry’s first AI ...
Startup Flow raises $4M to iterate on parallel processing tech that massively accelerates any CPU
Finnish startup Flow Computing Oy today revealed seemingly outlandish plans to transform the chip industry with a new Parallel Processing Unit that it says can boost the performance of any central processing unit by an incredible 100 times. The stunning claim came as the company announced $4 million in pre-seed funding from a number of ...
Construction of Intel’s new $25B chip fab in Israel grinds to a halt
Intel Corp. has reportedly paused construction work at its new $25 billion semiconductor manufacturing plant in Kiryat Gat in Israel, according to local media reports. Calcalist and several other news sites reported today that Intel has told a local infrastructure construction firm to halt work on the project indefinitely. In a statement to Reuters, Intel tacitly admitted ...
Big cloud AI deals with Google and OpenAI send Oracle’s stock higher, despite earnings miss
Oracle Corp. posted fiscal fourth-quarter earnings and revenue that came in below analyst’s forecasts, but its stock price soared in extended trading after it announced key deals with Google LLC and OpenAI that will see it host more database and artificial intelligence workloads in the cloud. In a statement today, Oracle said it’s bringing its ...
Apica integrates complex data management capabilities to enhance application observability
Application monitoring and data management startup Apica AB has finally delivered on the integrations it promised following its recent acquisitions of Logiq.ai LLC and Circonus Inc. The company said today that its newly enhanced products will provide deeper insights into data management and make it easier for customers to benefit from them. The revamped Apica Ascent ...
Automation Anywhere levels up business process automation with generative AI
Business process automation software firm Automation Anywhere Inc. used its annual user conference today to unveil a new AI + Automation Enterprise System that infuses the latest advances in generative artificial intelligence with its products. The new offering was announced at Imagine 2024, and is built around a series of new AI agents built using ...
AI-powered voice clarity startup Tomato.ai launches with $2.1M in seed funding
Tomato.ai Inc., an artificial intelligence startup that’s using generative AI to improve voice communications, said today it has closed a $2.1 million seed funding round. The investment was led by existing investors Cardumen Capital and Recursive Ventures, and saw participation from new investor Gaingels. The announcement of the funding coincides with the launch of Tomato.ai’s first ...
AuthenticID debuts new algorithms to identify when deepfakes are being used to trick ID verification tools
Identity verification and fraud detection technology startup AuthenticID Inc. today launched a new tool that uses proprietary algorithms to detect so-called “deepfakes” and prevent generative AI injection attacks. Deepfakes are fake videos, photos and audio recordings created using generative AI, and they have become a real problem on social media, as they can show real people ...
Salesforce enhances Consumer Goods Cloud with productivity-boosting AI
Salesforce Inc. said today it’s boosting its Consumer Goods Cloud with new artificial intelligence and data capabilities that aim to boost productivity in retailer’s and supplier’s route-to-market processes. The Salesforce Consumer Goods Cloud platform provides tools that help companies to unlock and unify customer data and industry market research. It’s most often used by account ...
