Mike Wheatley
Latest from Mike Wheatley
Juniper’s revenue and profit rises on strong demand for AI networks
Juniper Networks Inc. beat Wall Street’s expectations and notched up a higher profit today as it posted its preliminary fourth-quarter financial results. The report came as the company prepares to face down the U.S. Justice Department in a legal tussle over its pending $14 billion acquisition by its rival Hewlett Packard Enterprise Co. The company, ...
AMD’s data center revenue comes up short, leaving investors dismayed
Investors bailed on Advanced Micro Devices Inc. late today after the chipmaker reported lower-than-expected revenue in its key data center segment, despite posting solid results overall. The company revealed fourth-quarter earnings before certain costs such as stock compensation of $1.09 per share on record-breaking revenue of $7.66 billion, up 12% from a year earlier. The results came ...
Alphabet’s stock plunges on revenue miss and high AI spending
Investors bailed on Google LLC’s parent company Alphabet Inc. in late trading today after it posted fourth-quarter revenue that fell short of Wall Street’s expectations. The company only just came in ahead of expectations on earnings too. It reported earnings before certain costs such as stock compensation of $2.15 per share, edging past the Street’s ...
Programmatic ads platform StackAdapt snags $235M in funding
The programmatic advertising platform startup StackAdapt Inc. today revealed it has closed on a hefty $235 million round of funding, bringing its total amount raised to date to more than $500 million. Teachers’ Venture Growth, which is the late-stage venture and growth investment arm of the Ontario Teachers’ Pension Plan, led the round, with participation ...
Adobe’s Acrobat AI Assistant digs into contracts to help users understand what they’re agreeing to
Adobe Inc. is beefing up its Acrobat AI Assistant tool with a new artificial intelligence capability that’s focused on analyzing contracts. Called Contract AI, it can ingest hundreds of contractual documents and analyze them in seconds, so users can understand complex terms, identify differences between agreements and verify information within them. The Acrobat AI Assistant ...
Concerns grow as Elon Musk’s DOGE team gains access to yet more sensitive government databases
After controversially being granted access to the U.S. Treasury’s payments system, Elon Musk and his nongovernmental team of government spending slashers have now gotten their hands on a federal human resources database containing sensitive data on millions of federal employees. According to a report by Musk Watch journalists Caleb Ecarma and Judd Legum, Musk’s associates ...
Chipmaker NXP’s stock rises on earnings surprise
NXP Semiconductors N.V. squeezed past Wall Street’s estimates as it delivered its fourth-quarter earnings results today, sending its stock higher despite revenue declining in all four of its major business segments. The Dutch chipmaker reported earnings before certain costs such as stock compensation of $3.18 per share, ahead of the Street’s consensus estimate of $3.14 ...
OpenAI’s ChatGPT can now perform comprehensive research for its users
OpenAI has announced a new “agentic” feature for ChatGPT that enables it to conduct intensive and complex research on behalf of users. The new capability, called “deep research” was announced by the company in a blog post Sunday, where it said it cano operate autonomously, planning and executing multistep trajectories to find the information requested by ...
The EU is now enforcing the AI Act, banning high-risk AI systems
The first requirements of the European Union’s AI Act have now come into force, slamming the door shut on artificial intelligence systems deemed “unacceptably risky.” The first compliance deadline for the AI Act came into force Sunday, giving regulators the power to erase entire products if they decide it’s necessary to do so. Moreover, the ...
Elon Musk and his cost-cutting team gain access to sensitive US Treasury database
Elon Musk and his nongovernmental team of government spending slashers have been granted access to the U.S. Treasury’s payments system, which is used to disperse trillion of dollars worth of government funds each year. Critics say the move to give Musk’s Department of Government Efficiency staff access to the system is alarming and perhaps even ...