Mike Wheatley
Latest from Mike Wheatley
Nvidia taps Wall Street for a half-trillion dollars to fuel global AI infrastructure buildout
Some of Wall Street’s biggest financial firms are partnering with Nvidia Corp. to pour a half-trillion dollars of funding into the artificial intelligence industry’s massive infrastructure buildout. Nvidia said today it has struck deals with Apollo Global Management Inc., BlackRock Inc., Blackstone Inc., Brookfield Corp., Goldman Sachs Group and KKR & Co. Inc. For the ...
Rackspace beats expectations but its losses pile up amid aggressive AI pivot
Shares of Rackspace Technology Inc. were trading lower after-hours today, despite an encouraging earnings and revenue beat in its second-quarter financial results. The San Antonio-based company reported earnings before certain costs such as stock compensation of eight cents per share, just ahead of Wall Street’s target of nine cents per share. Revenue for the period ...
AI-native market research automation startup Echovane raises $1M
Agentic artificial intelligence startup Echovane Inc. said today it has closed on a $1 million pre-seed funding round to accelerate the development of its AI-native market research platform. Titan Capital and Neon Fund co-led the round, which will help the startup to build out its AI agent infrastructure and enhance its research capabilities. Echovane was ...
Amazon is building a new AI data center in Texas that could become the country’s largest source of carbon emissions
A data center facility being constructed by Amazon.com Inc. to host workloads for Amazon Web Services is set to become the single-largest source of pollution in the entire U.S., according to a report by the New York Times Saturday. The company, which already operates more data center facilities globally than any other organization, has secured ...
Naïve bags $28.5M in funding to automate the creation and day-to-day running of almost any business
Palo Alto-based Naïve Inc., an artificial intelligence lab that’s developing autonomous agents capable of setting up and running entire businesses, said today it has closed on a $28.5 million Series A round of funding. Nexus Venture Partners led the round, which saw participation from Y Combinator, Zetta, Liquid 2 and a host of angel investors. ...
Twilio’s stock jumps on solid earnings and revenue beat and strong momentum in voice AI
A solid earnings and revenue beat helped to reignite investor enthusiasm for the communications software maker Twilio Inc. today, and its stock jumped more than 17% in after-hours trading. The company’s second-quarter results were boosted by the rapid uptake of a new voice-based artificial intelligence product, the company said, and it also offered strong guidance ...
Report: OpenAI’s upcoming AI speaker will be shaped like a donut and cost around $300
More details have emerged from Bloomberg about OpenAI Group PBC’s long-awaited hardware device, which was previously described as an artificial intelligence-enabled speaker that will be a “physical manifestation” of ChatGPT. In its latest report, Bloomberg described the upcoming device as having a “ring-like” shape and said the company is looking at pricing it at around ...
Inevitable AI Group raises $6M to derail SaaS incumbents with more agile, AI-native software startups
Aleph, one of Israel’s top funds, is backing a new artificial intelligence-native venture studio with $6 million in pre-seed funding so it can build and launch dozens of new software startups by the end of the year. The studio is called Inevitable AI Group, and its co-founders Nimrod Lehavi (pictured, left) and Ofer Bar-Or (right) ...
Google targets AI startup Mechanize’s technology and talent in proposed $1.5B deal
Google LLC is reportedly in discussions with an artificial intelligence coding startup called Mechanize Inc. over a deal that would see it license some of its technology and hire a number of its most talented employees. Business Insider was the first to report the discussions, citing information from four people familiar with the conversations. Mechanize was ...
Meta takes on Anthropic and OpenAI with its first AI coding agent, Muse Code
Meta Platforms Inc. is getting more serious in its efforts to challenge leading artificial intelligence labs Anthropic PBC and OpenAI PBC with the release of its first AI coding agent, called Muse Code. Announced in a blog post today, Muse Code is the brainchild of Meta’s AI chief Alexandr Wang, who heads up the company’s ...