Mike Wheatley
Latest from Mike Wheatley
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 ...
Samsung’s stock falls on fears of weakness in memory chip markets
South Korean technology giant Samsung Electronics Co. Ltd. delivered better-than-expected fourth-quarter revenue today, though it reported a sharp fall in operating profit as a result of higher research and development costs in its chip business. The company also warned investors that it’s likely to see only limited earnings growth in the first quarter, as a ...
Intel’s stock inches up on solid earnings and revenue beat
Shares of the troubled chipmaker Intel Corp. rose more than 3% after-hours on the back of solid fourth-quarter results that topped expectations, overshadowing somewhat disappointing guidance. The company reported earnings before certain costs such as stock compensation of 13 cents per share, squeezing past Wall Street’s consensus estimate of 12 cents per share. Revenue for ...
Apple reports record quarterly revenue despite iPhone sales miss
Apple Inc. has just delivered its “best quarter ever,” with record-breaking revenue helping to boost its stock even as iPhone sales missed expectations. That, added to a positive forecast for the coming quarter, sent the company’s stock higher in extended trading. The company reported fiscal 2025 first-quarter earnings before certain costs such as stock compensation ...
ServiceNow stumbles with revenue miss and tepid guidance for the year ahead
Investors punished ServiceNow Inc. for its mixed fourth-quarter results and disappointing forecast, with a sharp selloff sending its stock way down in the after-hours trading session today. The company reported fourth quarter earnings before certain costs such as stock compensation of $3.67 per share, narrowly beating the Street’s target of $3.65 per share. However, its ...
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., ...