Mike Wheatley
Latest from Mike Wheatley
In a surprising move that bucks the trend of Silicon Valley companies aggressively hiring almost anyone with artificial intelligence skills, Meta Platforms Inc. is letting go of more than 600 people from its AI teams. The news was first reported today by …
AI operating system startup UnifyApps raises $50M and gets a new co-CEO
UnifyApps, a fast-growing startup that’s trying to build an enterprise-grade operating system for artificial intelligence models and agents, said today it has raised $50 million in a funding round led by WestBridge Capital. It has also named one of its earliest investors, …
IBM’s software growth disappoints investors, sending stock lower
Updated: IBM Corp. delivered third-quarter financial results that surpassed Wall Street’s expectations and raised its guidance, citing tailwinds in artificial intelligence. However, investors were seemingly less than impressed with the company’s software revenue growth, and its stock moved lower after-hours. Update: On …
Amazon melds AI with robotics and smart glasses to streamline deliveries
Amazon.com Inc. aims to transform its retail and logistics business with the introduction of more sophisticated robots and artificial intelligence operations tools for warehouses, as well as “smart delivery glasses” for the contractors who deliver its packages to customer’s doors. At its …
Business AI cloud operator Uniphore gets $260M from Nvidia, Snowflake, Databricks, AMD and others
Enterprise artificial intelligence company Uniphore Technologies Inc. has cemented its transition from call center intelligence to providing a foundation for business AI after closing on a hefty $260 million round of funding today. The Series F investment was led by some illustrious …
Platform Engineering Labs launches ‘formae’ to fix broken infrastructure-as-code
Platform Engineering Labs Inc. might not have the most imaginative name, but it has come up with a creative solution to the inefficiencies that continue to plague most infrastructure-as-code platforms. The startup, which was operating under the radar until today, has announced …
Pegasystems’ agentic AI bets pay off with growing earnings and revenue
Business automation software company Pegasystems Inc. delivered encouraging third-quarter financial results today, showing impressive growth driven by its investments in artificial intelligence. Investors rejoiced, and its stock made strong gains in extended trading. The company reported earnings before certain costs such as …
Google embraces vibe coding with latest version of AI Studio app development platform
Google LLC said today it’s bringing a “vibe coding” experience into its AI Studio platform to facilitate easier application development for both coders and noncoders. The update means users can enter simple prompts to generate working applications and positions the AI Studio …
Estuary raises $17M to try to solve one of the hardest problems in data movement
Estuary Technologies Inc. has raised $17 million in early-stage funding to try to merge batch and streaming data into a single pipeline so it can simplify how information is fed into artificial intelligence applications. Today’s Series A round was led by M13 …
Adobe’s AI Foundry service lets companies create branded versions of its Firefly models
Adobe Inc. is moving artificial intelligence into a slightly new direction, giving businesses the chance to create custom generative AI models rather than fine-tune existing ones. The company is offering this through its new Adobe AI Foundry offering, which was announced today …