Mike Wheatley
Latest from Mike Wheatley
Nvidia, AMD and Amazon to cash in on Saudi Arabia’s AI hub ambitions
Chipmakers Nvidia Corp. and Advanced Micro Devices Inc. said today they’ve been given the green light to ship thousands of powerful semiconductors to Saudi Arabia, as part of a deal brokered by U.S. President Donald Trump. The chips are destined for data centers that will be operated by a company called Humain, which is a ...
AMD announces an EPYC upgrade to its entry-level data center server chips
Chipmaker Advanced Micro Devices Inc. today announced the launch of the latest generation of its popular, general-purpose EPYC central processing units. The EPYC 4005 Series chips come in three form factors, with eight-core, 12-core and 16-core options available. They’re powerful enough to run various artificial intelligence applications at the edge, the company said. Unlike the consumer-focused ...
Google’s new AI Futures Fund turns on the tap for startup founders
Google LLC today announced a new initiative that aims to invest in hot artificial intelligence startups. The AI Futures Fund will back startups ranging from seed to late stage, with various degrees of support on offer. For instance, some startups will receive direct investment from Google, while others will get access to the company’s Gemini AI models. There’s also ...
TensorStax gets $5M in funding to automate data engineering with deterministic AI agents
A startup called TensorStax says it’s looking to bring artificial intelligence-powered automation to the unyielding world of data engineering after raising $5 million in seed funding. Today’s round was led by Glasswing Ventures and saw participation from Bee Partners, S3 Ventures, Gaingels and Mana Ventures. TensorStax is building AI agents that can perform tasks on ...
Classiq gets $110M to build the operating system for quantum computers
Classiq Technologies Ltd., a startup building the software needed to write algorithms for quantum computers, said today it has raised $110 million in a Series C funding round. Today’s round is said to be the largest ever for a quantum software company. Entrée Capital Led the round. Others, including Norwest, NightDragon, Hamilton Lane, Clal, Neva ...
OpenAI and Microsoft engage in tense negotiations over the future of their partnership
Once the best of friends, OpenAI and its most important financial backer Microsoft Corp. are now involved in tough negotiations over the future of their partnership. The talks are aimed at redefining the nature of their strategic alliance as the ChatGPT maker seeks a path toward a future initial public offering. The high-stakes discussions, first reported ...
Rackspace’s operational turnaround accelerates, despite more revenue declines
Rackspace Technology Inc. posted its third straight quarterly loss and saw revenue decline in both of its major business segments, but it still delivered a considerable boost to its bottom line in its first-quarter results, and its stock moved higher after-hours. The company reported a loss before certain costs such as stock compensation of 6 ...
Valarian raises $7M to isolate and compartmentalize mission-critical computing environments
Secure infrastructure startup Valarian Technologies Ltd. said today it has raised $7 million in strategic funding as it bids to reinvent security for enterprises and government agencies that cannot tolerate any risk. The round, which brings Valarian’s total amount raised to date to $20 million, was led by the defense-focused venture capital firm Scott Ventures ...
Anthropic jumps into internet search, increasing pressure on Google
The generative artificial intelligence startup Anthropic PBC is joining rivals such as OpenAI and Perplexity AI Inc. in an effort to overhaul the internet search industry. Today it announced the launch of a new application programming interface that enables its flagship Claude large language models to search the internet for up-to-date information in real time. ...
Big-data company Informatica’s stock falls on mixed results and soft guidance
Investors bailed on the big-data management company Informatica LLC today after it posted mixed financial results and offered guidance for the current quarter that came up short of expectations. The company delivered first-quarter earnings before certain costs such as stock compensation of 22 cents per share, falling just short of Wall Street’s target of 24 ...
