Mike Wheatley
Latest from Mike Wheatley
Tobiko Data raises $21.8M to transform data transformation
Big data transformation startup Tobiko Data Inc. revealed today it has closed on two separate funding rounds, including a $17.3 million Series A round that followed an initial $4.5 million seed raise. The Series A was led by Theory Ventures and saw participation from 20Sales, plus the chief executive officers of Fivetran Inc., Sutro Labs ...
Intel gets $11B from Apollo for stake in its Fab 34 chipmaking plant in Ireland
Chipmaker Intel Corp. said today it has sold a 49% stake in its new Fab 34 chip manufacturing facility in Leixlip, Ireland, in order to fund the ongoing development of the site, as well as other chip factories it’s building around the world. The company said it raised $11 billion from the sale to private ...
Strong AI server sales power solid earnings beat for HPE and its stock shoots up
Shares of Hewlett Packard Enterprise Co. were flying high in extended trading today, up more than 16% on better-than-expected earnings and revenue that was driven by enterprise demand for servers that can support artificial intelligence workloads. The enterprise data center hardware company said its AI server sales have been boosted by wider availability of the ...
RelationalAI brings knowledge graph coprocessor to Snowflake’s data cloud for better decision-making
Artificial intelligence startup RelationalAI Inc. is building on its relationship with Snowflake Inc. with the public launch of its Snowflake Native App, available now on the Snowflake Marketplace. It promised the new app will enable enterprise customers to extract more value from their data and enhance their decision-making processes. The startup says it gives enterprises a ...
Cisco advances intelligent networking and security as it announces $1B AI investment fund
Cisco Systems Inc. is doubling down on its artificial intelligence push with a host of new AI-powered products and services, plus various other initiatives focused on AI. At its annual networking and security conference, Cisco Live 2024, the company today unveiled a new breed of AI-infused networking, observability, productivity and security offerings that stretch across ...
Google Cloud delivers enhanced generative AI capabilities to SAP customers
Google Cloud and SAP SE say they’re building on their longstanding relationship with a number of new integrations across artificial intelligence and infrastructure aimed at helping SAP users better innovate and manage their data. At SAP’s annual Sapphire event today, they announced a host of new offerings, including a new platform for managing supply chains ...
GitLab delivers strong earnings beat and raises guidance, but investors are unimpressed
Shares of GitLab Inc. were trading slightly lower in the after-hours session today, even though the company reported strong fiscal first-quarter earnings and revenue and followed that with strong guidance. The company reported a profit before certain costs such as stock compensation of four cents per share, easily beating the Street’s forecast of a loss ...
Amazon’s Project P.I. uses generative AI to scan packages for defective products
Amazon.com Inc. today revealed one of the more practical ways in which it’s putting generative artificial intelligence technology to use.:The company explained that Project P.I. is an AI-powered system that combines generative AI with computer vision to reduce the number of products with defects that are shipped out of its fulfillment centers. Project P.I. works ...
Booming AI chip demand helps Marvell offset alarming revenue declines elsewhere but stock sags
Semiconductor manufacturer Marvell Technology Inc. rode the wave of artificial intelligence demand to deliver solid earnings and revenue in its first quarter, but its stock fell a bit after-hours on a day when many other tech companies saw massive declines. The company reported earnings before certain costs such as stock compensation of 24 cents per ...
MongoDB’s stock tanks on lower guidance
A disappointing forecast for the coming quarter and full year sent database company MongoDB Inc. headlong into a tailspin today, as the value of its stock dropped like a lead balloon in after-hours trading today. The company’s dismal guidance is the latest in a string of subpar financial forecasts from enterprise software vendors. Investors had feared ...