Mike Wheatley
Latest from Mike Wheatley
Adobe’s stock on the rise as it reports record revenue
Creativity software firm Adobe Inc. saw its shares rise more than 4% in after-hours trading today after posting second-quarter financial results that beat expectations. The company, which sells the popular Photoshop image editing tool as well as a range of cloud marketing technology services, reported earnings before certain costs such as stock compensation of $1.83 ...
MongoDB’s Atlas managed database deepens integration with Google Cloud
Google LLC is stepping up its partnership with database company MongoDB Inc., making that company’s managed database service available today on its cloud platform. MongoDB Atlas, as the service is called, is a fully managed cloud version of the company’s popular NoSQL database launched in 2016 that eliminates most of the heavy lifting involved in ...
Nvidia expands supercomputing infrastructure to support Arm-based chips
Computer graphics chip maker Nvidia Corp. is paving the way for a new breed of supercomputer with the announcement that its artificial intelligence and high-performance computing infrastructure will soon support Arm-based central processing units. The company said early today that its CUDA-X AI and HPC libraries, graphics processing unit-accelerated AI frameworks and software development tools ...
Intel launches Ignite accelerator to back Israeli AI startups
Intel Corp. is looking to expand its already significant presence in Israel with the launch Sunday of a new accelerator project there that aims to boost startups in artificial intelligence and autonomous systems. Called “Ignite,” the 20-week program will provide business and technical support to up to 15 Israeli startups. Intel won’t initially take any ...
U.S. chip suppliers are protesting the Huawei ban
American computers chip suppliers, including Intel Corp., Qualcomm Inc., Broadcom Inc. and Xilinx Inc., have reportedly been lobbying U.S. government officials to lift a ban on equipment sales to Chinese technology firm Huawei Technologies Co. Ltd. The companies are said to be alarmed over the prospect of losing billions of dollars in sales to Huawei, ...
General Electric wants to sell its venture capital business to help pay off debt
General Electric Co. is looking to sell off its venture capital investment business, GE Ventures, which has a portfolio of more than 100 startups under its wing. GE is selling the business in order to help stave off its mounting debts, CNBC reported. The company is said to be in a “difficult financial position,” with ...
Alibaba reportedly files for Hong Kong listing that could raise up to $20B
China’s e-commerce giant Alibaba Group Holding Ltd. has filed for an initial public offering on the Hong Kong stock exchange that could launch as soon as the third quarter of this year. Bloomberg and Reuters today reported that “people familiar with the matter” said the company hopes to raise up to $20 billion from the listing. ...
Analog-based AI chip startup Mythic raises $30M in funding
Artificial intelligence computer chip startup Mythic said today it has closed on a $30 million funding round led by Valor Equity Partners. Future Ventures, Atreides, Micron Ventures and Lam Research also participated in the Series B-1round, a second phase of its previously announced B round, along with several existing investors, bringing its total funding to ...
CERN plans to ditch Microsoft’s software after losing its academic status
The European Organization for Nuclear Research, better known as CERN, said today it’s ditching Microsoft Corp.’s software programs in favor of open-source alternatives after the software giant revoked its academic status, forcing it to pay more for its products. CERN previously could use Microsoft’s software products such as Windows at a heavily discounted rate for ...
Dassault Systemes buys clinical trials software provider Medidata for $5.8B
French technology giant Dassault Systemes SE said today it has agreed to acquire U.S. life sciences firm Medidata Solutions Inc. in an all-cash deal valued at $5.8 billion. The company said it wants to expand its presence in a life sciences market that was worth $8.2 billion in 2016 and is expected to develop at ...
