Mike Wheatley
Latest from Mike Wheatley
BREAKING ANALYSIS
Analysis: Amazon’s cloud growth slows, but the future is bright
Amazon Web Services Inc.’s long-term growth potential has been called into question after the company shocked Wall Street by coming up short in its financial earnings report last week. AWS still leads the cloud computing market by some distance from its rivals, but its revenue growth slowed noticeably in its most recent quarter, and investors ...
HPE adds AI-powered self-management to SimpliVity hyperconverged infrastructure
Hewlett Packard Enterprise Co. is beefing up its hyperconverged infrastructure platform SimpliVity today with artificial intelligence. The new AI capabilities are intended to help create a more intelligent virtualized information technology environment that can manage the resources it uses by itself, resulting in more efficiency and better performance without any manual tuning or configuration. HPE SimpliVity ...
Google expands transparency report to cover requests for cloud and G Suite data
Google LLC said today it’s expanding the scope of its semiannual transparency report and will begin reporting the number of government requests it receives for Google Cloud Platform and G Suite Enterprise customer data. “The publication of this information is an important milestone in our efforts to improve transparency and help address broader uncertainty about ...
Qualcomm to invest $200M in 5G wireless startups
Chipmaker Qualcomm Inc. is ready to put its money where its mouth is on 5G technologies. The company is setting up a new $200 million investment fund to back early-stage startups developing fifth-generation wireless applications beyond smartphones, in what looks to be an effort to accelerate adoption of the new technology. The Qualcomm Ventures 5G ...
Despite chip supply problems, Intel posts record revenue, buoying shares
Intel Corp. is enjoying a bit of the limelight today after posting strong third-quarter earnings and guidance for the next three months that easily beat expectations. The chipmaker reported a profit before certain costs such as stock compensation of $1.42 per share on record quarterly revenue of $19.2 billion. That was well ahead of Wall Street’s expected ...
Micron debuts flash memory-optimized AI development platform
Computer chipmaker and storage company Micron Technology Inc. is pitching its hardware for artificial intelligence workloads after acquiring a startup called FWDNXT. The company announced the acquisition at its annual Micron Insight conference in San Francisco today, describing FWDNXT as a provider of AI hardware and software for deep learning, which is a subset of AI ...
Xilinx slumps on weak guidance blamed on Huawei ban
Computer chipmaker Xilinx Inc. spooked investors today after saying its current-quarter revenue will likely fall well short of expectations. The company said it’s expecting third-quarter revenue of between $710 million to $740 million, some way short of Wall Street’s forecast of $844.9 million. The reason? The ongoing trade war between the U.S. and China, and ...
Microsoft’s cloud shines again as it easily tops earnings targets, but Azure slows
Microsoft Corp.’s stock barely moved the needle late Wednesday after the company reported fiscal first-quarter earnings and revenue that beat Wall Street’s expectations, only to come up short with its guidance for the next quarter. The company reported a profit before certain costs such as stock compensation of $1.38 per share on revenue of $33.06 billion, up ...
IonQ raises $55M to pursue alternative approach to quantum computing
Samsung Electronics Co. Ltd.’s Catalyst Fund and Mubdala Capital, a sovereign wealth fund of the United Arab Emirates, are the lead investors in a $55 million round of funding announced today for quantum computing startup IonQ Inc. New investors ACME Capital, Airbus Ventures, Hewlett Packard Pathfinder, Tao Capital Partners, Correlation Ventures and A&E Investment LLC. Existing ...
Defense Secretary Mark Esper pulls out of JEDI cloud computing contract review
U.S. Secretary of Defense Mark Esper has removed himself from the review process of the Pentagon’s highly lucrative Joint Enterprise Defense Infrastructure cloud computing contract after it was revealed that one of his adult sons is working at onetime bidder IBM Corp. “Out of an abundance of caution to avoid any concerns regarding his impartiality, ...