Mike Wheatley
Latest from Mike Wheatley
Kyndryl says return to profitability is ahead of schedule as it delivers strong earnings results
Information technology infrastructure services company Kyndryl Holdings Inc. said today it has traveled further than anticipated on its road to profitability, and it has the numbers to back up those claims. In its fiscal 2024 fourth-quarter results, it surpassed analysts’ expectations on earnings and revenue, offering strong guidance for the coming quarter too, sending its ...
Arista tops forecasts, highlighting role of high-speed networking for AI applications
Shares of the cloud networking company Arista Networks Inc. trended higher in late trading today, after it reported a trifecta of positive news: beating expectations on Wall Street’s earnings and revenue targets, delivering a better-than-expected outlook and announcing another big share buyback program. The company, which told inventors it is enjoying strong growth on the back ...
ServiceNow enhances Now Assist generative AI agents with ‘bring your own model’ experience
ServiceNow Inc. is determined to maintain its position at the forefront of generative artificial intelligence innovation, announcing yet more capabilities today that it says will drive enterprise-wide productivity. Among the innovations announced at its user conference Knowledge 2024 today is a new “bring your own GenAI model” experience that enables customers to leverage the large ...
Red Hat taps into tech industry ecosystem to accelerate AI development
Enterprise software company Red Hat Inc. has long been seen as a champion of the open-source movement, and its collaborative spirit is now being extended to generative artificial intelligence. At its annual user conference Red Hat Summit today, the company revealed how it has been collaborating with numerous technology industry partners to innovate and deliver ...
Red Hat integrates generative AI in OpenShift, RHEL and a host of developer tools
Enterprise software giant Red Hat Inc. delivered a flurry of artificial intelligence-related announcements today at this year’s Red Hat Summit, its annual user conference. The announcements include an expansion of the Red Hat Lightspeed generative AI platform to Red Hat OpenShift and Red Hat Enterprise Linux, enabling users to interact with those offerings in a ...
Wayve raises $1.05B in funding to accelerate autonomous vehicles driven by embodied AI
U.K.-based autonomous driving startup Wayve Technologies Ltd. said today it has closed on a bumper $1.05 billion funding round led by SoftBank Group Corp. The round, which was also backed by Nvidia Corp. and Microsoft Corp., will help the startup to accelerate the development of its artificial intelligence-based self-driving technology and launch its first production ...
Docusign buys Lexion, creator of an AI-powered contract management platform, for $165M
Docusign Inc. has snapped up a startup called Lexion, officially known as DocuSmart Inc., in an all-cash deal that’s said to be worth $165 million. The deal is aimed at helping boost Docusign’s new Intelligent Agreement Management platform, which was launched only last month. Lexion was founded in 2019 by Gaurav Oberoi, Emad Elwany and ...
Opmed.ai, which uses AI to optimize staffing for operating rooms, raises $15M
Healthcare industry-focused artificial intelligence startup Opmed Inc., which likes to be known as Opmed.ai, said today it has closed on a $15 million early-stage funding round. The Series A investment was co-led by NFX and Grove Ventures, with participation from Secret Chord Ventures, Unbox Ventures and the Impact investor Sir Ronald Cohen. The startup has ...
Cloudflare’s stock falls hard on weak revenue outlook
Shares of Cloudflare Inc., one of the industry’s top content delivery network providers, were in free-fall in late trading today after the company provided a weak outlook for the current quarter, overshadowing a strong first-quarter performance that beat analysts’ expectations. The company reported a first-quarter net loss of $35.5 million, improving slightly on the $38.1 ...
Apple’s stock rises on record $110B buyback plan as earnings beat expectations
Shares of the iPhone maker Apple Inc. rose more than 7% in extended trading today after it reported earnings and revenue for its fiscal second quarter that topped expectations and revealed it’s expanding its stock repurchase program. The company said its board of directors has authorized $110 billion in share repurchases, up 22% from last ...