Mike Wheatley
Latest from Mike Wheatley
Programmable networking chip startup Xsight Labs raises $300M
Israeli network chip startup Xsight Labs Ltd. said today it has closed on a $300 million funding round that brings its valuation to $2.8 billion. It’s planning to use the funds to help its programmable Ethernet switches and 800-gigabit data processing units push deeper into cloud and artificial intelligence networks. Today’s round was led by Fidelity ...
Apple’s stock slides as it blames supply chain constraints for its weak guidance
iPhone maker Apple Inc. reported better-than-expected earnings and revenue as it delivered its third quarter results, thanks to a 22% surge in handset sales. However, its stock was trading almost 6% lower in the late trading session after it issued weak guidance for the current quarter, blaming that primarily on “supply constraints.” The company reported ...
Amazon’s stock pops on roaring cloud growth and soaring AI demand
Amazon.com Inc. delivered a solid earnings and revenue beat as it posted its second-quarter financial results, driven by surging growth in its cloud infrastructure business. Demand for artificial intelligence was the primary factor in that growth, causing the company to boost its capital expenditure forecast once again. The company reported a stunning earnings beat. It ...
Smallest.ai raises $13M to accelerate the development of its asynchronous voice AI architecture
The momentum behind voice artificial intelligence is accelerating with Smallest.ai becoming the latest startup in this emerging niche to secure more funding. Officially known as Smallest Inc., it said today it has closed on a $13 million Series A investment led by Seligman Ventures, with participation from Sierra Ventures and 3one4 Capital, which were the main ...
MinIO debuts AIStor Memory, the long-term memory AI agents need to scale safely
Object storage software company MinIO Inc. says it has cracked the persistent memory problem for artificial intelligence agents with the launch of a new offering called AIStor Memory. Whereas conventional chatbots like Claude and ChatGPT can generally get away with much more limited context because they usually only need to respond to a few prompts, ...
Samsung’s stock rises on explosive operating profit growth
Samsung Electronics Co. Ltd. today confirmed its earlier expectation that runaway memory chip prices will drive a massive 19-fold jump in operating profit, as robust artificial intelligence demand continues to accelerate momentum in its semiconductor business. The company just announced its full first-quarter results, saying it delivered total revenue of 171.5 trillion won (around $118.56 ...
Qualcomm and Arm see momentum in AI, but smartphone weakness weighs on both stocks
Shares of the chipmakers Qualcomm Inc. and Arm Holdings Plc were trading lower after-hours today after warning of sluggish demand in the smartphone industry due to rising prices relating to the cost of key components such as memory chips. Qualcomm reported third-quarter earnings that fell just short of Wall Street’s expectations, and while it beat ...
Microsoft’s stock rises 9% on strong Azure revenue growth and steady capex spending
Microsoft Corp.’s stock was trading 9% higher in the after-hours session today after reporting four-quarter earnings and revenue that surpassed Wall Street’s expectations while reiterating its capital expenditures forecast for the rest of the year. The company reported earnings before certain costs such as stock compensation of $4.74 per share, beating the Street’s projection of ...
Optical interconnect startup Eliyan raises $145M in funding to solve the AI chip cluster connectivity crunch
Silicon Valley-based chip interconnect startup Eliyan Corp.’s valuation has increased to $1 billion after it closed on a $145 million Series C funding round today. Seligman Ventures led the round, with Cisco Ventures and Lumentum also backing the newly minted unicorn. Eliyan says the round validates that its technology is poised to address a growing ...
Fish Audio makes a splash after raising $52M seed funding for AI voices
Fish Audio, an ambitious artificial intelligence startup that began life as a weekend project in its founder’s bedroom, said today it has raised an impressive $52 million in seed funding to try and establish voice as the default interface for every AI model. Coreline Ventures and Capital Today led the round, which also saw participation ...