Mike Wheatley
Latest from Mike Wheatley
Memory chipmaker SK hynix seeks to raise $28B through US IPO
SK hynix Inc., the South Korean firm that rivals Samsung Electronics Co. Ltd. and Micron Technology Inc. as one of the world’s top memory chipmakers, said today it will sell almost 17.8 million shares when it launches its U.S. initial public offering later this week. The sale is expected to help the company raise around ...
Amazon’s Mechanical Turk service now on life support as it stops accepting new users
Amazon Web Services Inc. is no longer accepting new customers for its decades-old Mechanical Turk service, in what is likely a death knell for the pioneering crowdsourcing marketplace. Launched in 2005, Mechanical Turk predates Amazon’s public cloud infrastructure business by a year. It serves as a crowdsourcing marketplace where users can post gigs that others ...
Mark Zuckerberg says Meta’s agentic AI efforts aren’t progressing as fast as he had hoped
Meta Platforms Inc. Chief Executive Mark Zuckerberg told employees at an internal town hall meeting that the company’s work on artificial intelligence agents hasn’t progressed as quickly as he had hoped. It’s a rare admission from the founder that not everything is going to plan as it tries to turn its multibillion-dollar investments into AI ...
SoftBank unveils plans to enter the US neocloud business with SB Neo
Japanese technology conglomerate Softbank Group Corp. and its telecommunications subsidiary SoftBank Corp. are planning to launch a new neocloud business in the U.S. that will rent access to artificial intelligence chips to hyperscalers and other businesses in need of compute resources. The company said it’s going to establish a new entity called SB Neo Inc., ...
Tripo AI secures additional $150M in funding to enhance its 3D and world models
Tripo AI, a developer of interactive 3D foundation models and world models, said today it has closed on a hefty $150 million Series A3 funding round to scale up its platform in the intelligent manufacturing, entertainment and robotics industries. The startup attracted a broad base of investors, including the automotive-focused venture capital firm Geely Capital, ...
Homebuilding AI startup Higharc bags $90M in Series C funding
Homebuilding artificial intelligence startup Higharc said today it has raised $95 million in a new round of funding to transform the way construction projects are planned and run. Today’s Series C round was led by Insight Partners, and saw participation from a host of other venture capital firms, including Wellington Management, Fifth Wall, Spark Capital, ...
Raja Koduri’s Oxmiq Labs raises $35M to lower the design cost of custom AI silicon
Artificial intelligence chipmaking startup Oxmiq Labs Inc. says it wants to become the next Arm Holdings Plc. after raising $35 million in an early-stage A funding, bringing its total amount raised to date to $60 million. Today’s Series A round was led by investors that included Fundomo and Samsung Catalyst Fund, and saw participation from ...
AWS turbocharges log analytics in Amazon OpenSearch Service at no extra cost
Amazon Web Services Inc. is reinventing the way data-intensive analytical workloads are handled by the Amazon OpenSearch Service with the launch of a new, purpose-built log analytics engine today. The cloud computing giant says the new engine is able to reduce data storage costs by around 70% on average while doubling data ingestion throughput. That ...
Aligned bags $60M in funding to build the AI-native sales execution layer for enterprise deals
Team Aligned Inc., a startup that uses artificial intelligence to streamline deal execution for corporate buyers and sellers, said today it has clinched $60 million in a new round of funding. PeakSpan Capital led the Series B round, which saw participation from all of the company’s earlier backers, including Hetz Ventures, JAL Ventures and NFX, ...
Schneider Electric acquires Cognite for $3.1B in industrial AI push
French multinational energy giant Schneider Electric SE said today it’s buying an industrial artificial intelligence company called Cognite Holding B.V. in a $3.1 billion all-cash deal, with an eye to strengthening its AI software and industrial data business. The deal highlights the evolving nature of industrial AI, which for years simply followed what was happening ...