Mike Wheatley
Latest from Mike Wheatley
OpenAI and Microsoft engage in tense negotiations over the future of their partnership
Once the best of friends, OpenAI and its most important financial backer Microsoft Corp. are now involved in tough negotiations over the future of their partnership. The talks are aimed at redefining the nature of their strategic alliance as the ChatGPT maker seeks a path toward a future initial public offering. The high-stakes discussions, first reported ...
Rackspace’s operational turnaround accelerates, despite more revenue declines
Rackspace Technology Inc. posted its third straight quarterly loss and saw revenue decline in both of its major business segments, but it still delivered a considerable boost to its bottom line in its first-quarter results, and its stock moved higher after-hours. The company reported a loss before certain costs such as stock compensation of 6 ...
Valarian raises $7M to isolate and compartmentalize mission-critical computing environments
Secure infrastructure startup Valarian Technologies Ltd. said today it has raised $7 million in strategic funding as it bids to reinvent security for enterprises and government agencies that cannot tolerate any risk. The round, which brings Valarian’s total amount raised to date to $20 million, was led by the defense-focused venture capital firm Scott Ventures ...
Anthropic jumps into internet search, increasing pressure on Google
The generative artificial intelligence startup Anthropic PBC is joining rivals such as OpenAI and Perplexity AI Inc. in an effort to overhaul the internet search industry. Today it announced the launch of a new application programming interface that enables its flagship Claude large language models to search the internet for up-to-date information in real time. ...
Big-data company Informatica’s stock falls on mixed results and soft guidance
Investors bailed on the big-data management company Informatica LLC today after it posted mixed financial results and offered guidance for the current quarter that came up short of expectations. The company delivered first-quarter earnings before certain costs such as stock compensation of 22 cents per share, falling just short of Wall Street’s target of 24 ...
Arm tops $1B quarterly sales milestone, but its stock falls on soft guidance
Shares of the U.K.-based chip designer Arm Holdings Plc were heading south in late trading today after it offered a forecast for the current quarter that came in below analysts’ expectations. The lower guidance followed some strong numbers from the company’s fourth-quarter results. It reported earnings before certain costs such as stock compensation of 55 cents ...
Neo4j goes serverless, bringing graph analytics to any data source
Neo4j Inc. today announced a new serverless offering that dramatically simplifies the deployment of its graph database offering, making it easier to use with artificial intelligence applications. Most critically, it works with any data source, and there’s no need to fiddle around with messy extract, load and transfer operations, the company said. The new offering ...
Arista Networks beats expectations in its latest results, but stock moves lower
Updated with corrected guidance and related changes (details below): Networking company Arista Networks Inc. delivered strong earning results today, but its stock fell after it warned that both its gross margin and operating margin are set to decline on a sequential basis. The warning, which came after Arista delivered strong first-quarter results, caused the company’s ...
RelevanceAI and Stack AI get millions in funding to bring AI agents into the workforce
Agentic artificial intelligence is still in vogue for Silicon Valley’s venture capitalists, with Relevance AI and Stack AI joining the latest hot startups to attract millions of dollars in funding. The two companies are among a host of startups looking to help enterprises harness the power of advanced AI models, without being held back by ...
Chipmakers AMD, GlobalFoundries and Cirrus Logic post solid earnings and guidance, easing tariff fears
A trio of U.S. chipmakers expressed confidence about their ability to navigate the challenges caused by President Donald Trump’s tariffs, offering forecasts that came in above expectations after delivering impressive results in their most recent financial quarters. Shares of Advanced Micro Devices Inc., GlobalFoundries Inc. and Cirrus Logic Inc. all moved higher in late trading ...