Mike Wheatley
Latest from Mike Wheatley
Cerebras stock jumps 68% from initial offering price after the biggest tech IPO in years raised $5.5B
Updated with opening stock price: Cerebras Systems Inc. today opened trading as a public company at $350 a share, 89% above its offering price, as it kicked off what looks like a huge year for initial public offerings. The enthusiastic reception among investors follows on Wednesday’s pricing of its stock at $185 per share ahead of the most ...
Rising AI demand lifts Cisco to another earnings and revenue beat – and a 20% stock pop
Shares of the networking giant Cisco Systems Inc. soared 20% in extended trading today after it reported solid third-quarter earnings and revenue numbers and announced a new round of job cuts, saying it will cut fewer than 4,000 jobs, representing less than 5% of its workforce. Cisco’s results were hardly stellar, although they did come ...
Celonis buys decision-intelligence startup Ikigai Labs to provide operational context for enterprise AI
Process mining software company Celonis SE said today it has snapped up the Massachusetts Institute of Technology-linked decision intelligence startup Ikigai Labs Inc., planning to use it to power a new “context model” developed by Celonis that’s designed to function as a real-time digital twin of its customers’ business operations. Celonis says enterprises are facing a ...
Nebius snaps up Clarifai’s compute orchestration tech and talent to enhance AI inference
Dutch artificial intelligence infrastructure giant Nebius Group N.V. said today it’s recruiting the core engineering team from AI orchestration software firm Clarifai Inc. in an effort to boost its managed inference services. As part of the deal, Nebius is also snapping up Clarifai’s portfolio of patents and licensing its inference and compute orchestration technology, the ...
CME Group and Silicon Data to launch AI compute futures market
Silicon Data, the startup that provides market intelligence for artificial intelligence compute infrastructure, will provide the price indexes for a new futures market that will allow investors to hedge their bets on the semiconductor industry. CME Group’s new “compute futures market” will give investors the opportunity to bet on the price of renting cloud-based computing ...
AWS Kiro accelerates software development by proving code correctness before it gets to work
Amazon Web Services Inc. is trying to get rid of the bottleneck between architectural planning and code execution with a number of upgrades to its artificial intelligence software development tool Kiro. The upgrades, which are all rolling out today, include Parallel Task Execution and streamlined Quick Plan workflow capabilities designed to help developers move faster. ...
German defense tech startup Helsing in talks over $1.2B funding round
German defense technology firm Helsing GmbH is reportedly on the verge of securing a bumper $1.2 billion in funding that would bring its valuation to around $18 billion, making it one of Europe’s most valuable technology startups. A report by the Financial Times cites anonymous sources as saying that the talks are being led by ...
Thinking Machines drops a new, highly responsive model designed for humanlike interactions in real time
Thinking Machines Lab Inc., the artificial intelligence research startup founded by former OpenAI Group PBC Chief Technology Officer Mira Murati, wants to move beyond the era of “turn-based” AI interactions. The company has just announced a research preview of its first “interaction models,” which are a new class of multimodal AI systems designed to avoid ...
Imaging tech startup eyeo raises €40M to try to show the world in a very different light
Netherlands- and Belgium-based imaging technology startup eyeo B.V. said today it has closed on a €40 million ($47.07 million) Series A round of funding in order to try to fulfill its mission to enhance the world’s cameras. The round, which brings eyeo’s total amount raised to €55 million, was led by Innovation Industries and saw ...
Report: AI chipmaker Cerebras to increase IPO price target amid surging investor demand
Artificial intelligence chipmaker Cerebras Systems Inc. is expected to increase the size and price of its initial public offering later today as investor demand for access to its shares continues to rise. Reuters reported today that the chipmaker is now considering raising its IPO price range to between $150 to $160 per share, up from ...