Mike Wheatley
Latest from Mike Wheatley
Box’s stock falls as executives warn of foreign exchange hit on profits
The cloud storage company Box Inc. beat Wall Street’s targets by the narrowest of margins in its latest earnings results, but it warned that current-quarter profit will take a significant hit from the strength of the U.S. dollar. Investors recoiled at the prospect, and Box’s stock sank more than 8% after-hours. The Redwood, California-based company ...
Penguin Solutions revamps its software to automate mass-scale AI infrastructure deployments
Artificial intelligence infrastructure management company Penguin Solutions Inc. said today it’s expanding its flagship ICE ClusterWare platform so customers can use it as a foundation for building “fully optimized AI ecosystems” that can scale up as they grow. New features include multi tenancy support and streamlined workflows, and a new ICE ClusterWare AIM service, which ...
GPU cloud operator CoreWeave files to go public
Cloud computing infrastructure provider CoreWeave Inc. is eying the public markets, hoping to cash in on investors’ insatiable appetite for all things artificial intelligence. The company said today it has filed the necessary paperwork for its initial public offering with the U.S. Securities and Exchange Commission, and the documents reveal it will trade on the ...
GitLab swings to a profit as it beats expectations, but guidance comes up light
DevOps company GitLab Inc. beat expectations on earnings and revenue as it delivered its fourth-quarter financial results, swinging to a profit in the process and sending its stock slightly higher in extended trading. The results were tempered by conservative guidance for the current quarter and full year, however, while the company’s managerial shakeup continued with ...
Google Cloud debuts powerful new AI capabilities for data scientists and doctors
Google Cloud’s artificial intelligence onslaught gained more momentum today, as the company announced a couple of interesting new capabilities today aimed at data scientists and medical professionals. For the former, it announced a new AI agent that promises to turbocharge data analysis for data science and machine learning projects, while the latter are getting some ...
ServiceNow’s newest AI agents bring intelligent automation to telecommunications firms
Enterprise workflow software giant ServiceNow Inc. is taking artificial intelligence-powered automation to the telecommunications industry, announcing its first AI agents for communications service providers at the MWC25 event in Barcelona today. The new AI agents were developed alongside Nvidia Corp., using the Nvidia AI Enterprise Software and AI Platform, and trained using the Nvidia DGX ...
Elon Musk’s DOGE shuts down the GSA’s technology unit
Elon Musk’s Department of Government Efficiency has been at it again, instructing the General Services Administration to eliminate its technology consulting unit, known as 18F. News of the decision first emerged on Saturday, but it remains unclear how many workers have been affected. According to Nextgov/FCW, the 18F office employed a team of about 90 ...
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 ...