Mike Wheatley
Latest from Mike Wheatley
Meta crushes Wall Street’s profit targets as Zuckerberg dismisses DeepSeek threat
Shares of Facebook parent company Meta Platforms Inc. gained more than 2% in extended trading today after it posted solid fourth-quarter results that surpassed analysts’ expectations. Chief Executive Mark Zuckerberg (pictured) took the opportunity to heap praise on new U.S. President Donald Trump, saying his administration will redefine the company’s relationship with the government. Meta ...
Microsoft’s AI revenue grows, but its stock falls on lower guidance and spending concerns
The Microsoft Corp. stock price dipped after-hours despite a 10%rise in profit from its fiscal second quarter, as the company strives to capitalize on the massive investments it has made in artificial intelligence infrastructure. The company said its revenue from AI products and related services has now hit an annual run rate of $13 billion, growing ...
UVeye, which uses AI to enable drive-through vehicle checks, raises $191M
UVeye Inc., a startup using artificial intelligence as the basis of intelligent vehicle inspection technology, said today it has completed a $191 million extension to its Series D funding round, bringing its total amount raised to date to $380.5 million. The latest round was led by Woven Capital, the growth fund of Toyota Motor Co., ...
Quibim, a startup using AI imaging to aid in disease detection, raises $50M
A Spanish artificial intelligence startup called Quibim S.L. said today it has closed on a $50 million early-stage funding round to help accelerate the development of its foundational models for medical imaging. Today’s Series A round was led by Asabys, a leading venture capital firm based in Spain, and the private equity firm Buenavista. Others, ...
Hugging Face wants to reverse-engineer DeepSeek’s R1 reasoning model
Researchers from Hugging Face Inc. say they’re attempting to recreate Chinese startup DeepSeek’s R1 “reasoning model.” The initiative comes after R1 stunned the artificial intelligence community by matching the performance of the most capable models built by U.S. firms, despite being built at a fraction of the cost. Hugging Face researchers say the Open-R1 project aims ...
OpenAI launches ChatGPT Gov to accelerate government adoption of AI
OpenAI is trying to cozy up further with the U.S. government through the launch of “ChatGPT Gov,” a special version of its iconic chatbot that’s geared to federal agencies. The company said ChatGPT Gov will give government workers a more secure way to access its technology that meets the highest internal security standards. In a ...
Alice & Bob raises €100M to build world’s first error-resistant quantum computer by 2030
The French quantum computing startup Alice & Bob SAS said today it has raised €100 million ($104.2 million) in a Series B round of funding led by Future French Champions, AXA Venture Partners and Bpifrance. The round also saw the participation of all of the company’s Series A round investors, including Elaia Partners, Breega and ...
AI dentistry startup VideaHealth bites off $40M in venture capital funding
VideaHealth Inc., an artificial intelligence startup focused on dentistry, says it wants to help transform the way oral care is delivered after closing on $40 million in funding. Today’s Series B round was led by Threshold Ventures and saw participation from new investors such as Avenir Ventures and BAM Ventures, plus existing backers like Spark ...
Bluwhale raises $100M to build a dedicated ‘intelligence layer’ for decentralized AI agents
The Web3-native artificial intelligence startup Bluwhale AI Inc. said today it has raised $100 million in funding as it looks to pivot from its original mission and build a kind of “intelligence layer” that spans all Layer-1 and Layer-2 blockchain networks. More specifically, the company explained, it’s partnering with another AI startup called Caldera Network ...
Kore.ai’s newest AI agents elevate business process automation to the next level
Kore.ai Inc. is doubling down on artificial intelligence agents with the launch of a new, “no-code” platform for creating customized models that can automate knowledge-intensive operations. The company said AI for Process can be used by enterprise workers to quickly create, deploy and manage customized AI agents or agentic applications that have the ability to ...