Mike Wheatley
Latest from Mike Wheatley
AI-native accounting startup Quanta Financial raises $4.7M to automate bookkeeping in real time
Quanta Financial Inc. is planning to turbocharge the accounting industry with artificial intelligence after closing on a $4.7 million seed funding round today. The round was led by Accel Partners and saw participation from BaseCase, Comma Capital, Designer Fund, Operator Collective and renowned San Francisco-based investor Elad Gil, and came as the startup announced its ...
Elastic delights investors with earnings and revenue beats
The enterprise search technology company Elastic N.V. is getting a lot of attention today after delivering an explosive earnings and revenue beat and forecasting more of the same in the current quarter. The company reported third-quarter earnings before certain costs such as stock compensation of 63 cents per share, crushing the analyst consensus target of 47 ...
Dell targets $15B in AI server sales this year, but it’s not enough for investors
Shares of Dell Technologies Inc. were heading lower in extended trading today after the company reported fourth-quarter sales that came in below estimates and offered a mixed revenue outlook for the current quarter. The data center infrastructure and personal computer maker reported earnings before certain costs such as stock compensation of $2.68 per share, beating ...
StudyFetch’s new conversational AI-powered tutor is a ChatGPT for students
Educational technology startup Study Fetch LLC today launched what it says is the industry’s first conversational, artificial intelligence-powered tutor to help students to learn about almost any kind of topic within any subject. Tutor Me is essentially a kind of ChatGPT that’s built specifically to aid education. Students will be able to interact with Tutor ...
VMware defections propel Nutanix to another strong earnings and revenue beat
Shares of the data center infrastructure company Nutanix Inc. were flying high late today thanks to a crushing earnings and revenue beat and bullish guidance for the current quarter and full year. The company delivered fiscal second-quarter earnings before certain costs such as stock compensation of 56 cents per share, easily beating the analysts’ consensus estimate ...
Snowflake’s stock surges on earnings crush and revenue beat
Cloud data warehouse company Snowflake Inc. crushed Wall Street’s targets as it delivered its fiscal 2025 fourth-quarter financial results today, and its stock popped in after-hours trading. The company reported earnings before certain costs such as stock compensation of 30 cents per share on sales of $986.6 million, up 27% from a year earlier. The ...
Nvidia’s sales leap 78% as it starts producing more next-generation Blackwell GPUs
Updated: Chipmaker Nvidia Corp. today signaled that it’s on course for yet more artificial intelligence-driven growth in 2025 after delivering a solid fourth-quarter earnings and revenue beat and offering strong guidance for the current quarter. The company extended its run of successful quarters, reporting earnings before certain costs such as stock compensation of 89 cents ...
Arm to support more intelligent applications at the edge with Armv9 Edge AI Platform
Chipmaker Arm Holdings Plc is looking to strengthen its grip on artificial intelligence at the network edge with the debut of a powerful new lightweight processor designed to sit at the heart of intelligent internet of things applications. The company unveiled the Arm Cortex-A320 central processing unit today, saying it’s the centerpiece of its all-new ...
Workday’s stock pops as it reports strong earnings beat and targets federal customer wins
Human resources and financial management software company Workday Inc.’s stock popped more than 12% in extended trading today after it posted strong quarterly results that surpassed analysts’ expectations. The company delivered fourth-quarter earnings before certain costs such as stock compensation of $1.92 per share, easily beating Wall Street’s target of $1.78, while revenue rose 15% ...
IBM buys DataStax to boost its watsonx data platform for AI applications
IBM Corp. said today it’s buying the database company DataStax Inc. in an effort to turbocharge the capabilities of its growing watsonx portfolio of artificial intelligence development tools. The company said it’s planning to integrate DataStax’s technology into watsonx’s generative AI products, where it will help manage and streamline access to the vast amounts of ...