Mike Wheatley
Latest from Mike Wheatley
Google expands transparency report to cover requests for cloud and G Suite data
Google LLC said today it’s expanding the scope of its semiannual transparency report and will begin reporting the number of government requests it receives for Google Cloud Platform and G Suite Enterprise customer data. “The publication of this information is an important milestone in our efforts to improve transparency and help address broader uncertainty about ...
Qualcomm to invest $200M in 5G wireless startups
Chipmaker Qualcomm Inc. is ready to put its money where its mouth is on 5G technologies. The company is setting up a new $200 million investment fund to back early-stage startups developing fifth-generation wireless applications beyond smartphones, in what looks to be an effort to accelerate adoption of the new technology. The Qualcomm Ventures 5G ...
Despite chip supply problems, Intel posts record revenue, buoying shares
Intel Corp. is enjoying a bit of the limelight today after posting strong third-quarter earnings and guidance for the next three months that easily beat expectations. The chipmaker reported a profit before certain costs such as stock compensation of $1.42 per share on record quarterly revenue of $19.2 billion. That was well ahead of Wall Street’s expected ...
Micron debuts flash memory-optimized AI development platform
Computer chipmaker and storage company Micron Technology Inc. is pitching its hardware for artificial intelligence workloads after acquiring a startup called FWDNXT. The company announced the acquisition at its annual Micron Insight conference in San Francisco today, describing FWDNXT as a provider of AI hardware and software for deep learning, which is a subset of AI ...
Xilinx slumps on weak guidance blamed on Huawei ban
Computer chipmaker Xilinx Inc. spooked investors today after saying its current-quarter revenue will likely fall well short of expectations. The company said it’s expecting third-quarter revenue of between $710 million to $740 million, some way short of Wall Street’s forecast of $844.9 million. The reason? The ongoing trade war between the U.S. and China, and ...
Microsoft’s cloud shines again as it easily tops earnings targets, but Azure slows
Microsoft Corp.’s stock barely moved the needle late Wednesday after the company reported fiscal first-quarter earnings and revenue that beat Wall Street’s expectations, only to come up short with its guidance for the next quarter. The company reported a profit before certain costs such as stock compensation of $1.38 per share on revenue of $33.06 billion, up ...
IonQ raises $55M to pursue alternative approach to quantum computing
Samsung Electronics Co. Ltd.’s Catalyst Fund and Mubdala Capital, a sovereign wealth fund of the United Arab Emirates, are the lead investors in a $55 million round of funding announced today for quantum computing startup IonQ Inc. New investors ACME Capital, Airbus Ventures, Hewlett Packard Pathfinder, Tao Capital Partners, Correlation Ventures and A&E Investment LLC. Existing ...
Defense Secretary Mark Esper pulls out of JEDI cloud computing contract review
U.S. Secretary of Defense Mark Esper has removed himself from the review process of the Pentagon’s highly lucrative Joint Enterprise Defense Infrastructure cloud computing contract after it was revealed that one of his adult sons is working at onetime bidder IBM Corp. “Out of an abundance of caution to avoid any concerns regarding his impartiality, ...
Former Google VP Chet Kapoor joins DataStax as CEO
Database company DataStax Inc. has a new chief executive officer today: former Google LLC Vice President Chet Kapoor. He replaces outgoing CEO Billy Bosworth, who will leave the company in a few weeks following a short transition period. Bosworth said in a blog post that DataStax began its search for a new CEO earlier this year, ...
Big-data firm Databricks bags $400M late-stage funding round
Investors are upping their stakes in the big data company Databricks Inc., which today said it has bagged a massive $400 million round of funding. The Series F round was led by Andreessen Horowitz’s Late Stage Venture Fund and saw participation from new investors BlackRock Inc., T. Rowe Price Associates Inc. and Tiger Capital Management. ...