Mike Wheatley
Latest from Mike Wheatley
Red Hat brings its AI-optimized Linux platform to Dell’s PowerEdge servers
Dell Technologies Inc. said today it’s partnering with Red Hat Inc. to bring the Red Hat Enterprise Linux AI or RHEL AI platform to its popular PowerEdge servers, paving the way for its hardware to serve as a foundation for artificial intelligence development. The companies explained that the partnership will make it easier for organizations ...
InfluxData revamps its time-series database offerings with faster query performance and lower latency
Time series database startup InfluxData Inc. is beefing up the capabilities of its flagship product InfluxDB with a major update rolled out today that’s designed to simplify the task of managing time series data at scale, while improving its overall performance. In addition to InfluxDB 3.0, the startup announced InfluxDB Clustered, which is a self-managed version ...
Revefi raises $20M to launch world’s first ‘AI data engineer’
Data observability startup Revefi Inc. said today it has closed on $20 million in an early-stage funding round, timing the announcement with the launch of what it says is the world’s first-ever “AI data engineer.” Today’s Series A round was led by Icon Ventures and saw participation from a host of other backers, including Mayfield, ...
PagerDuty lowers its full-year sales forecast and its stock falls hard
Shares of PagerDuty Inc. were trading lower late today after the company said it’s cutting its full-year revenue target, even as it upped its forecast for the bottom line. Officials expect the company to be more profitable this year, but they also warned that negotiations with customers over new deals are taking longer to play ...
GitLab raises its full-year outlook, sending its stock higher in extended trading
Shares of GitLab Inc. surged in extended trading today after the software development company posted strong earnings results and bumped up its full-year outlook. That came even as lingering concerns over the health of the company’s chief executive fuel speculation over a possible sale. The company reported second-quarter earnings before certain costs such as stock ...
Couchbase’s Capella Columnar paves the way for developers to build more adaptive applications
Couchbase Inc. is adding some powerful new capabilities to its flagship database-as-a-service offering, paving the way for developers to build more intelligent and adaptive applications that leverage real-time insights. The company is also enhancing the mobile version of its database with new functions including vector search, making it more suitable for generative AI applications that ...
Report: Intel CEO Pat Gelsinger to reveal new plan to cut costs and sell off business units
Intel Corp. Chief Executive Pat Gelsinger is expected to present a plan to the company’s board of directors this month that will outline the next steps of its ongoing restructuring, as it looks to revive its flagging chipmaking business. The company, which was formerly widely regarded as the biggest chipmaker in the world, has seen ...
Strong AI chip demand and improved guidance boost Marvell’s stock after-hours
After a string of less-than-impressive earnings results that weighed heavily on its stock, Marvell Technology Inc. headed in the opposite direction today. The company delivered earnings in line with expectations and revenue that beat Wall Street’s targets, then offered an upbeat outlook for the current quarter, citing ongoing momentum with its artificial intelligence chips. Marvell’s stock ...
Strong beat and raise helps MongoDB’s stock surge more than 13% after-hours
Shares of the database company MongoDB Inc. made strong gains in the after-hours trading session today following a crushing second-quarter earnings beat and a raise in its full-year guidance. The company reported earnings before certain costs such as stock compensation of 70 cents per share, surging past the Wall Street analysts’ consensus estimate of just ...
Dell’s stock rises on crushing earnings beat driven by AI server sales
Booming sales of servers for artificial intelligence workloads helped Dell Technologies Inc. to deliver a crushing earnings and revenue beat in its latest financial quarter, sending its stock higher in extended trading. The company reported second-quarter earnings before certain costs such as stock compensation of $1.89 per share, blowing past the analysts’ consensus estimate of ...