Mike Wheatley
Latest from Mike Wheatley
Blue Origin seeks to raise $10B from external investors in first VC-led funding round
Jeff Bezos’s rocket company Blue Origin Enterprises LP is reportedly looking to raise money from outside investors for the first time in more than two decades. The company is in talks to secure $10 billion from venture capitalists in a round that would value it at more than $130 billion, according to a report by ...
SpaceXAI’s newest AI model Grok 4.5 dramatically undercuts Anthropic and OpenAI on price
Elon Musk’s SpaceXAI Corp. has released a new model called Grok 4.5, in what is its first major launch since it went public a few weeks earlier. In a blog post earlier today, the company said Grok 4.5 is designed to be a workhorse that can tackle all of the usual tasks that the artificial ...
Apple promises to buy $30B worth of US-made chips from Broadcom
Apple Inc. said today it has penciled in a new multiyear deal with Broadcom Inc. that’s expected to be worth more than $30 billion, in what is the iPhone maker’s largest commitment to U.S. manufacturing so far. The deal, announced this morning, will see more than 15 billion chips manufactured on U.S. soil, and will ...
With $25M in funding, Alta AI aims to accelerate go-to-market automation
Agentic go-to-market automation startup Alta AI Inc. said today it has raised $25 million in an early-stage round of funding as it tries to accelerate its mission to enhance customer acquisition for enterprises. The Series A round follows a period of explosive growth for the company, which now wants to sustain that momentum by scaling ...
Microsoft is reportedly ditching OpenAI’s and Anthropic’s AI models in favor of its own to cut costs
Microsoft Corp. is reportedly transitioning away from using OpenAI Group PBC’s and Anthropic PBC’s most advanced artificial intelligence models in favor of its own — increasingly leaning on the new Microsoft AI or MAI model family, despite publicly asserting that those models aren’t as sophisticated as other leading frontier AI systems. That’s according to a ...
Report: China’s DeepSeek follows OpenAI in developing its own custom inference chips
DeepSeek Ltd., one of China’s most visible artificial intelligence companies, is pushing to design its own, in-house silicon aimed at inference workloads, according to a report by Reuters today. The report cites three people familiar with the company’s plans as saying that it has been exploring the concept of developing its own AI accelerators for ...
Tangos grabs $20M in funding to take on the bad guys by automating financial crime investigations
Tangos AI Inc., a startup that uses artificial intelligence to conduct financial crime investigations at unprecedented scale, said today it has closed on $20 million in seed funding. The round was led by Red Dot Capital Partners and saw participation from Leaders Fund, Clarim, Venture Israel, Signal Fire, Clutch Capital and Selah Ventures, as well ...
IBM debuts compact z17 mainframes and LinuxONE servers for on-premises enterprise AI
IBM Corp. today announced a massive expansion of its on-premises enterprise infrastructure lineup, with new single-frame and rack-mount versions of its iconic z17 mainframes and more compact LinuxONE 5 server platforms. The new lineup includes the IBM LinuxONE Rockhopper 5 and IBM LinuxONE 5 Express systems, which are the first to be offered in more ...
Syntiant, which makes low-power chips for on-device AI, files for initial public offering
A chipmaker called Syntiant Corp. that specializes in making low-powered processors that run artificial intelligence locally on devices has filed to go public. The company filed its initial public offering paperwork with the U.S. Securities and Exchange Commission earlier today in a bid to tap into investor’s insatiable appetite for new AI bets. Founded in ...
Samsung says memory chip demand will drive 19-fold jump in operating profit
Record-breaking memory chip sales and prices are set to drive a 19-fold increase in Samsung Electronics Co. Ltd.’s second-quarter operating profit, according to a preliminary earnings report issued by the company today. The strong forecast by Samsung, one of the world’s largest suppliers of memory chips, is likely to ease recent concerns raised by some ...