Mike Wheatley
Latest from Mike Wheatley
Meta’s stock rises on strong earnings, revenue growth and confident outlook
Shares of Meta Platforms Inc. gained more than 6% in after-hours trading today after the company posted solid earnings and revenue that exceeded analysts’ expectations and provided a strong forecast for the current quarter. In its second-quarter financial results, Meta delivered earnings before certain costs such as stock compensation of $5.16 per share, crushing the ...
Intel reportedly set to announce another round of layoffs, involving ‘thousands’ of workers
Intel Corp. is reportedly preparing for a major workforce reduction, with thousands of Intel layoffs expected in the coming days. The company is taking cost-cutting measures as it pursues an ambitious plan to regain its status as the world’s top chipmaker. That’s according to a report from Bloomberg, which cites anonymous sources as saying the ...
Arista seizes the AI networking opportunity with strong earnings beat and revenue growth
Shares of Arista Networks Inc. traded higher in late trading today after the networking company forecast strong third-quarter revenue that surpassed Wall Street’s expectations. Arista said it’s anticipating strong demand for its networking gear from both cloud computing infrastructure providers and artificial intelligence applications. The strong forecast came after the company posted solid second-quarter results, with ...
AMD steps up to rival Nvidia in AI chip sector, as huge revenue gains send its stock higher
Advanced Micro Devices Inc. reported solid earnings and sales today and provided an upbeat revenue forecast for the coming quarter, pushing its stock higher in late trading. The results suggest AMD is finally emerging as a serious rival to Nvidia Corp. in the artificial intelligence chip industry, with its growth powered by strong sales of ...
Credo AI raises $21M to help enterprises deploy AI safely and responsibly
Artificial intelligence governance software startup CredoAI Inc. said today it has closed on a $21 million funding round to help enterprises advance the development of AI in a more responsible way. Today’s round was led by CrimsoNox Capital, Mozilla Ventures and FPV Ventures, and saw participation from Sands Capital, Decibel VC, Booz Allen Hamilton and ...
Vector database startup Weaviate debuts ‘AI workbench’ and flexible storage tiers
AI-native vector database startup Weaviate B.V. is expanding into artificial intelligence development with the launch of a new “workbench” that consists of various cloud-based applications and tools for developers, along with a flexible, tiered storage offering. The company said it was inspired to launch its own suite of tools by the vibrant community of developers ...
Hyperbolic Labs raises $7M for its blockchain-based AI network to use idle GPU capacity
Artificial intelligence infrastructure startup Hyperbolic Labs Inc. said today it has closed on a $7 million seed funding round to transform the way AI developers access compute and inference resources. Today’s round was led by Polychain Capital and Lightspeed Faction, and saw the participation of a host of other investors, including Chapter One, LongHash, Bankless ...
Automation software firm Workato aims to take the work out of data pipeline orchestration
Enterprise orchestration software company Workato Inc. today announced the launch of new tools that it says will simplify the job of orchestrating data pipelines for artificial intelligence and other workloads. Its new Data Orchestration offerings not only help companies set up new data pipelines quickly, but enable them to move and transform data rapidly according ...
Zuckerberg unveils new advances in computer vision AI at SIGGRAPH
Meta Platforms Inc.’s artificial intelligence research team has followed up with a sequel to the popular Segment Anything machine learning model that was released last summer. Segment Anything 2 was announced by Meta Chief Executive Mark Zuckerberg during a wide-ranging fireside chat with Nvidia Corp. CEO Jensen Huang at the SIGGRAPH 2024 event today. It’s ...
Network security firm F5’s stock makes strong gains on solid earnings beat
A solid earnings beat and strong guidance helped push shares of the application services provider F5 Inc. much higher in extended trading today. The company reported fiscal third-quarter earnings before certain costs such as stock compensation of $2.44 per share, cruising past analysts’ consensus target of just $1.98 per share, while revenue came to $695 million, ...