Mike Wheatley
Latest from Mike Wheatley
Red Hat integrates generative AI in OpenShift, RHEL and a host of developer tools
Enterprise software giant Red Hat Inc. delivered a flurry of artificial intelligence-related announcements today at this year’s Red Hat Summit, its annual user conference. The announcements include an expansion of the Red Hat Lightspeed generative AI platform to Red Hat OpenShift and Red Hat Enterprise Linux, enabling users to interact with those offerings in a ...
Wayve raises $1.05B in funding to accelerate autonomous vehicles driven by embodied AI
U.K.-based autonomous driving startup Wayve Technologies Ltd. said today it has closed on a bumper $1.05 billion funding round led by SoftBank Group Corp. The round, which was also backed by Nvidia Corp. and Microsoft Corp., will help the startup to accelerate the development of its artificial intelligence-based self-driving technology and launch its first production ...
Docusign buys Lexion, creator of an AI-powered contract management platform, for $165M
Docusign Inc. has snapped up a startup called Lexion, officially known as DocuSmart Inc., in an all-cash deal that’s said to be worth $165 million. The deal is aimed at helping boost Docusign’s new Intelligent Agreement Management platform, which was launched only last month. Lexion was founded in 2019 by Gaurav Oberoi, Emad Elwany and ...
Opmed.ai, which uses AI to optimize staffing for operating rooms, raises $15M
Healthcare industry-focused artificial intelligence startup Opmed Inc., which likes to be known as Opmed.ai, said today it has closed on a $15 million early-stage funding round. The Series A investment was co-led by NFX and Grove Ventures, with participation from Secret Chord Ventures, Unbox Ventures and the Impact investor Sir Ronald Cohen. The startup has ...
Cloudflare’s stock falls hard on weak revenue outlook
Shares of Cloudflare Inc., one of the industry’s top content delivery network providers, were in free-fall in late trading today after the company provided a weak outlook for the current quarter, overshadowing a strong first-quarter performance that beat analysts’ expectations. The company reported a first-quarter net loss of $35.5 million, improving slightly on the $38.1 ...
Apple’s stock rises on record $110B buyback plan as earnings beat expectations
Shares of the iPhone maker Apple Inc. rose more than 7% in extended trading today after it reported earnings and revenue for its fiscal second quarter that topped expectations and revealed it’s expanding its stock repurchase program. The company said its board of directors has authorized $110 billion in share repurchases, up 22% from last ...
Confluent’s expands managed Apache Flink service to simplify data streaming for generative AI
Confluent Inc. today announced expanded capabilities for its managed service for Apache Flink, the open-source big data processing framework. Unlike the regular open-source Flink, it comes with a novel AI Model Inference feature that organizations can use to clean and process real-time streaming data for artificial intelligence and machine learning applications. In addition, the company announced ...
Fastly shocks investors with weak guidance and its stock plummets after-hours
Cloud-based edge infrastructure and content delivery network provider Fastly Inc. saw its stock lose almost a third of its value in late trading today following an outlook that shocked investors, coming well below most analysts’ expectations. For the current quarter, Fastly says it’s expecting revenue of between $130 million and $134 million, and the midpoint ...
Qualcomm’s stock rises as new generative AI capabilities boost premium smartphone sales
Smartphone chipmaker Qualcomm Inc. said sales of artificial intelligence-enabled smartphones boosted its sales as it delivered better-than-expected financial results today, and it also expects a similar performance in the coming quarter. Its stock was ticking up slightly in after-hours trading in a sign that investors welcomed the news. The company reported fiscal second-quarter net income of ...
Google cuts at least 200 employees from its developer teams in latest round of layoffs
Google LLC has axed at least 200 employees from various product development teams in another major round of layoffs. Although the company didn’t provide any specific number, CNBC reported today that a number of the layoffs were from Google’s “Core” teams, which are involved in the development of various flagship products, including some responsible for ...
