Mike Wheatley
Latest from Mike Wheatley
Broadcom CEO Hock Tan claims he has no interest in buying Intel
The boss of $1 trillion chipmaking giant Broadcom Inc. has said he’s not interested in trying to acquire struggling rival Intel Corp., as he’s too busy trying to make his company into an artificial intelligence powerhouse. In an interview with the Financial Times, Broadcom Chief Executive Hock Tan (pictured) rejected the idea of a hostile ...
Google tries to persuade judge in antitrust case not to force the sale of its Chrome browser
Google LLC has proposed putting limits on its search partnerships in order to resolve antitrust violations in its search business, as an alternative to the U.S. Department of Justice’s suggestion that it sell its Chrome browser. Google Vice President of Regulatory Affairs Lee-Anne Mulholland detailed the company’s remedies proposal in a blog post Friday. It ...
Report: Palantir and Anduril join forces to try to secure US government defense contracts
The data analytics company Palantir Technologies Inc. reportedly is holding talks with the defense industry tech startup Anduril Industries Inc. on the creation of an alliance to win more work from the U.S. government. According to the Financial Times, Palantir’s and Anduril’s consortium may also include companies such as SpaceX Corp. and OpenAI, as well as ...
Automated accounting software startup Aiwyn raises $113M
Revenue management lifecycle automation software provider Aiwyn Inc. said today it has closed on $113 million in fresh funding. The round was led by the global investment firm KKR, which participated through its Next Generation Technology III Fund, and Bessemer Venture Partners. The round is significant, bringing the startup’s total amount raised to date to $127 ...
Accenture’s stock moves higher as generative AI demand powers strong earnings beat
Shares of the professional services company Accenture plc moved higher after it posted a strong earnings and revenue beat in its fiscal 2025 first quarter and increased its outlook for the full year. The company reported earnings before certain costs such as stock compensation of $3.59 per share, easily beating Wall Street’s target of $3.42 ...
Instagram to add video editing features powered by Meta’s Movie Gen AI model
Instagram chief Adam Mosseri has teased the imminent arrival of new generative artificial intelligence-powered video editing features for the social media application. They’ll arrive soon, allowing users to “change nearly any aspect” of their videos using simple text prompts. They’re powered by parent company Meta Platforms Inc.’s Movie Gen AI model, and will launch sometime next ...
OpenAI goes retro, making ChatGPT available over the phone
On day 10 of its Christmas holiday-themed press blitz, OpenAI announced one of the most intriguing updates yet, saying ChatGPT is now available over the telephone. It’s now possible to call ChatGPT directly, and for free, at 1-800-CHATGPT, and engage with it for up to 15 minutes per month, though standard carrier fees may apply. ...
Perplexity AI gets $500M in funding, immediately spends some of it to buy RAG startup Carbon
Perplexity AI Inc., the creator of an artificial intelligence search engine and a competitor to OpenAI, today revealed it has closed on a hefty $500 million funding round that brings its value to a cool $9 billion. The round was announced by Bloomberg, and came shortly after Perplexity confirmed it had closed on its second-ever ...
Shares of Micron tumble on weak outlook for memory chips
Micron Technology Inc.’s outlook for the current quarter came in some way short of expectations, stoking fears about the near-term dynamics of the memory chip market and sending the company’s stock way down in extended trading late today. The disappointing guidance came on the back of first-quarter financial results that were much more encouraging. The ...
Sahara AI’s new Data Services Platform allows anyone to earn money by creating datasets for AI
Sahara AI Ltd., the creator of a nascent decentralized artificial intelligence data network, today announced the launch of its new Data Services Platform, which allows everyone to contribute to the AI ecosystem by collecting, labeling, curating and refining datasets for model training. The startup, which is backed by more than $43 million in funding, is ...