Mike Wheatley
Latest from Mike Wheatley
Amazon.com Inc. is buying the wearable electronics startup Bee, officially known as Bluush Inc., for an undisclosed price, as part of a strategy to take the lead in more personal artificial intelligence services. The acquisition, which has not yet closed, was announced …
Pegasystems’ strong earnings and revenue don’t impress investors, and its stock flounders
Business automation software provider Pegasystems Inc. might be wondering what it did wrong today after posting solid earnings and revenue in its latest financial report, only to see its stock fall sharply in extended trading. Update: Pegasystems’ stock rebounded sharply in regular …
SAP slips up, misses the Street’s revenue targets and its stock sinks
SAP SE failed to provide much reassurance to investors today as it posted mixed second-quarter financial results, beating estimates on revenue but falling short on earnings, sending its stock lower after-hours. The company reported revenue of €9.03 billion ($10.61 billion), up 12% …
Delve gets $32M to delve deeper into the world of agentic AI compliance
A startup called Delve Technologies Inc. is trying to use artificial intelligence agents to help companies improve their compliance postures, and it’s getting $32 million from backers to aid in that task. The company’s Series A funding round, announced today, was led …
Edge AI chipmaker Ambiq Micro aims to raise up to $85M in its IPO
Edge artificial intelligence chipmaker Ambiq Micro Inc. is looking to raise up to $85 million from investors through an initial public offering that’s expected to price before the end of the month. The Austin-based chip startup, which filed its initial IPO prospectus …
NXP delivers bullish guidance despite declining revenue, but investors were not convinced
NXP Semiconductors N.V.’s stock faltered in the after-hours trading session after the chipmaker delivered a forecast that was perhaps less bullish than some investors had been hoping for. The company reported second-quarter earnings before certain costs such as stock compensation of $2.72 …
Mobile drone manufacturing startup Firestorm Labs raises $47M
Firestorm Labs Inc. said today it has validated its mobile “factory-in-a-box” technique for manufacturing autonomous drones after closing on a $47 million Series A round of funding. The company aims to apply additive manufacturing processes, including three-dimensional printing to enable mobile drone …
Hadrian gets $260M in funding to accelerate defense industry manufacturing automation
Defense industry manufacturing startup Hadrian Automation Inc. said today it has closed on a fresh capital infusion of $260 million led by Peter Thiel’s Founders Fund and Lux Capital, bringing its total amount raised to date to more than $500 million. Today’s …
Kyndryl’s new Agentic AI Framework aims to help enterprises knuckle down on AI agents
Information technology consultancy Kyndryl Holdings Inc. says it’s stepping up to help enterprises make the most out of their newfangled artificial intelligence agents with the launch of a new Agentic AI Framework. The company said it’s a brand-new approach that can help …
Indian startup QpiAI gets $32M to supercharge AI development with quantum computing
QpiAI India Pvt. Ltd. is looking to establish its home nation as a leading light in the field of quantum computing-based artificial intelligence after bagging $32 million in a Series A round of funding. Today’s round was led by Avataar Ventures and …