Mike Wheatley
Latest from Mike Wheatley
Palona raises $20M in funding to bring AI automation to brick-and-mortar businesses
Artificial intelligence startup Palona AI, which is building an intelligence operating layer for physical businesses, is ready to show what it can do after closing on a $20 million round of early-stage funding today. The Series A round, which included converted simple agreements for future equity, was led by Ardenwood Ventures and saw participation from ...
Gravis Robotics gets $200M from SoftBank to retrofit excavators with self-driving AI systems
Gravis Robotics AG said today it has bagged $200 million in funding from SoftBank Group Corp. in what is the largest-ever Series A round for a construction robotics startup. The startup was founded in 2022 after being spun out of the Swiss Federal Institute of Technology Zurich, having developed intelligent, software-defined systems for heavy excavators. ...
Applied Materials delivers earnings above estimates, but Wall Street isn’t impressed
Applied Materials Inc. beat expectations on both earnings and revenue in its third-quarter financial results today, and followed up with strong guidance for the current quarter, but its stock fell in the wake of elevated expectations from investors. Though the company is one of the biggest beneficiaries of the artificial intelligence boom, that trend means ...
Workday’s stock jumps 17% on report of Silver Lake buyout discussions
Shares of the human resources management software company Workday Inc. jumped almost 18% today after a report emerged that it’s holding acquisition talks with the private equity firm Silver Lake. Reuters said Silver Lake is prepared to pay up to $43 billion to acquire Workday, an amount that would make it one of the largest-ever ...
AI chipmaker Cerebras Systems’ stock plunges, despite posting solid earnings and guidance
Chipmaker Cerebras Systems Inc. boosted its full-year guidance after beating expectations on earnings and “core” revenue as it published its second-quarter results today, but its stock tumbled more than 17% in extended trading. The company reported an adjusted loss of five cents per share, easily beating Wall Street’s forecast of an adjusted loss of 17 ...
AI infrastructure spending boosts Cisco’s earnings and revenue, but its stock declines after-hours
Networking giant Cisco Systems Inc. coasted to a solid earnings and revenue beat and issued strong guidance for the current quarter, but a drop in gross margins seems to have spooked investors, sending its stock down in late trading today. The company reported fourth-quarter earnings before certain costs such as stock compensation of $1.22 per ...
Google debuts SL2T, an AI model that’s designed to understand sign language
Google DeepMind said today it wants to bring the artificial intelligence revolution to the estimated 70 million people across the world who are either deaf or hard of hearing with the launch of sign-language-to-text or SL2T. In a blog post, Google’s AI researchers said SL2T is a multilingual translation model that’s making its debut on ...
CodeRabbit bags $143M to help companies get a grip on the explosion of AI-generated code
CodeRabbit Inc., the creator of a popular tool that automatically reviews artificial intelligence-generated code, is becoming more ambitious after closing on its latest $143 million Series C round of funding. Alongside the round, it announced the launch of a new Agentic Change Management layer that’s meant to help companies govern, evaluate and prioritize code changes ...
Server maker Supermicro’s stock soars on crushed earnings results and soaring profits
Data center server maker Super Micro Computer Inc. seems to be back in Wall Street’s good graces after delivering an impressive earnings beat in its fourth quarter reported today. The company surprisingly missed expectations on revenue, but the big beat on its bottom line, combined with strong guidance for the current quarter, helped its stock ...
CoreWeave coasts to a solid earnings beat, sending its stock higher after-hours
Shares of the artificial intelligence data center firm CoreWeave Inc. jumped more than 14% in extended trading today after it delivered solid financial results that easily beat Wall Street’s projections. The company reported a second-quarter loss before certain costs such as stock compensation of $1.03 per share, well ahead of the analyst consensus estimate of ...