Mike Wheatley – SiliconANGLE

Booming AI chip demand helps Marvell offset alarming revenue declines elsewhere but stock sags

Mike Wheatley — Fri, 31 May 2024 02:34:48 +0000

Semiconductor manufacturer Marvell Technology Inc. rode the wave of artificial intelligence demand to deliver solid earnings and revenue in its first quarter, but its stock fell a bit after-hours on a day when many other tech companies saw massive declines. The company reported earnings before certain costs such as stock compensation of 24 cents per […]

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MongoDB’s stock tanks on lower guidance

Mike Wheatley — Fri, 31 May 2024 02:02:24 +0000

A disappointing forecast for the coming quarter and full year sent database company MongoDB Inc. headlong into a tailspin today, as the value of its stock dropped like a lead balloon in after-hours trading today. The company’s dismal guidance is the latest in a string of subpar financial forecasts from enterprise software vendors. Investors had feared […]

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Dell’s stock plummets as rising AI server demand eats away at its gross margin, but AI boosts NetApp

Mike Wheatley — Fri, 31 May 2024 00:21:05 +0000

Shares of Dell Technologies Inc. cratered in extended trading today as analysts raised concerns over the impact of rising demand for artificial intelligence servers on the company’s overall profitability. Dell officials said they expect the company’s gross margin to fall by roughly 150 basis points in fiscal 2025, as a result of the increased mix […]

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Rising commercial PC sales help HP beat earnings and revenue targets

Mike Wheatley — Thu, 30 May 2024 02:47:43 +0000

Personal computer maker HP Inc. delivered a decent earnings and revenue beat today as it revealed its latest financial numbers, sending its stock up by about 2% in the after-hours trading session. The company’s results highlight the ongoing recovery of the global PC market, driven partly by a new generation of so-called AI PCs. HP reported […]

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Shares of Nutanix plunge on lower guidance, while Pure Storage jumps on bullish forecast

Mike Wheatley — Thu, 30 May 2024 02:01:17 +0000

The fortunes of data center infrastructure providers Nutanix Inc. and Pure Storage Inc. are in stark contrast today, with the companies offering very different outlooks for the current quarter. Nutanix’s shares fell more than 16% after-hours on guidance that came in below Wall Street’s forecasts, while Pure was up by over 9% after posting an […]

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UiPath’s stock plummets as CEO Rob Enslin abruptly resigns and guidance disappoints

Mike Wheatley — Thu, 30 May 2024 00:07:24 +0000

Updated with Thursday stock price: Shares of the automation software company UiPath Inc. were battered in after-hours trading today and were falling more than 35% Thursday after it shocked investors with a surprise leadership change and followed up with poor guidance. The company said Chief Executive Rob Enslin (pictured) will resign, effective June 1. He will be replaced […]

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Harness acquires Split Software to enable feature flag experimentation in software workflows

Mike Wheatley — Wed, 29 May 2024 16:00:50 +0000

Continuous software delivery startup Harness Inc. said today it has entered into a definitive agreement to acquire a rival company called Split Software Inc., which specializes in feature flag management and experimentation. Harness said it intends to integrate Split’s capabilities into its own platform, so its customers will be able to experiment and deploy new features […]

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Scale AI publishes its first LLM Leaderboards, ranking AI model performance in specific domains

Mike Wheatley — Wed, 29 May 2024 16:00:16 +0000

Artificial intelligence training data provider Scale AI Inc., which serves the likes of OpenAI and Nvidia Corp., today published the results of its first-ever SEAL Leaderboards. It’s a new ranking system for frontier large language models based on private, curated and unexploitable datasets that attempts to rate their capabilities in common use cases, such as […]

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Box beats targets on earnings, but light guidance holds stock price in check

Mike Wheatley — Tue, 28 May 2024 23:57:31 +0000

Cloud content management company Box Inc. delivered a comfortable earnings and revenue beat today, increasing its profitability, but the results failed to impress investors all that much, as its stock was flat after-hours. The company reported first-quarter earnings before certain costs such as stock compensation of 39 cents per share, just ahead of the Street’s […]

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Incorta debuts enterprise-grade foundation for private and secure generative AI applications

Mike Wheatley — Tue, 28 May 2024 13:00:09 +0000

Data analytics startup Incorta Inc. is looking to increase its relevance in the generative artificial intelligence industry with the debut of a new offering called Operational GenAI, which it says can become the foundation of intelligent business applications. The company said Operational GenAI is private and secure, integrating state-of-the-art AI techniques such as retrieval-augmented generation […]

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DataGPT expands generative AI chat-based business analytics with Google Analytics connector

Mike Wheatley — Tue, 28 May 2024 13:00:05 +0000

Generative artificial intelligence-powered data analytics startup DataGPT said today it’s expanding its capabilities with the launch of a library of connectors for third-party applications such as Google Analytics, Salesforce, Hubspot and Shopify. Companies will be able to connect DataGPT to those platforms and use its generative AI chatbots to query them for insights using natural […]

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Report: AWS to spend billions on new cloud data center infrastructure in Italy

Mike Wheatley — Mon, 27 May 2024 23:51:36 +0000

Amazon.com Inc.’s cloud computing business is holding talks with the Italian government over a potential multibillion-dollar investment that will see it expand its data center operations in the country, in line with plans to boost its presence across Europe. That’s according to a report by Reuters, which cites four people familiar with the talks as […]

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Research shows OpenAI’s GPT-4 outperforms humans in financial statement analysis, but skeptics aren’t convinced

Mike Wheatley — Mon, 27 May 2024 00:09:45 +0000

OpenAI’s GPT-4 large language model has reportedly demonstrated an ability to analyze financial statements with a level of accuracy that surpasses the best human financial analysts. The claim comes via a paper written by researchers at the University of Chicago, who say their results suggest a promising future for generative artificial intelligence in the field […]

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AIOops: Google Search’s new AI Overviews feature tells users to put glue on pizza, create mustard gas

Mike Wheatley — Fri, 24 May 2024 02:36:42 +0000

Google LLC’s new AI Overviews feature in Search has come in for some heavy criticism after generating a series of nonsensical, inaccurate and sometimes even potentially dangerous results in response to user’s queries. When Google debuted the new feature at its Google I/O conference last week, it warned that it’s an experimental experience, based on […]

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Workday’s stock drops on mixed financial results and lower guidance

Mike Wheatley — Fri, 24 May 2024 01:38:54 +0000

Shares of the human resources software company Workday Inc. initially fell more than 11% in extended trading today after it offered a disappointing forecast, only to recover somewhat once investors had time to digest its latest financial report. The company’s results were mixed. It reported first-quarter earnings before certain costs such as stock compensation of […]

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Report: Elon Musk’s generative AI startup xAI to close on $6B funding round next month

Mike Wheatley — Thu, 23 May 2024 23:46:51 +0000

XAI Corp., the generative artificial intelligence startup created by Elon Musk to compete with OpenAI and other AI model makers, is hoping to close on a bumper funding round next month that would bring its value to north of $24 billion, according to a report today in the Financial Times. The paper cited one person […]

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Google Cloud Consulting launches Generative AI Ops to assist in enterprise AI deployments

Mike Wheatley — Thu, 23 May 2024 13:00:51 +0000

Google Cloud’s consulting arm has announced the availability of a new offering called Generative AI Ops, which aims to help enterprises that are struggling to take advantage of the latest development in artificial intelligence and move new workloads into production. The company explained in a blog post today that moving AI workloads into production is […]

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Cloud cost optimization startup Finout reels in $26.3M in Series B funding

Mike Wheatley — Thu, 23 May 2024 12:00:10 +0000

Finout Ltd., the financial operations startup helping companies to manage, allocate and reduce cloud spending across any cloud infrastructure platform, has raised $26.3 million in a new funding round, it announced today. Leading the Series B investment was Red Dot Capital, which was joined by new investor Maor Investments and existing backers Team8, Pitango and […]

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OpenAI strikes deal with News Corp. to access Wall Street Journal content

Mike Wheatley — Thu, 23 May 2024 03:02:08 +0000

ChatGPT Creator OpenAI has struck another key content licensing deal to expand the capabilities of its large language models, partnering with Wall Street Journal parent company News Corp. The multiyear deal will give OpenAI unfettered access to current and archived articles from the Journal, plus other News Corp. publications such as The New York post, […]

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Snowflake ups its revenue forecast and buys AI observability firm TruEra, sending its stock higher

Mike Wheatley — Thu, 23 May 2024 02:08:08 +0000

Shares of the cloud data warehouse provider Snowflake Inc. rose more than 4% in extended trading today after it beat Wall Street’s sales estimates in its fiscal first-quarter earnings report and raised its full-year guidance. In addition, the company revealed a plan to acquire assets from TruEra Inc., which makes tools for observing and assessing the […]

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Nvidia delivers another crushing earnings beat, with data center chip sales rising 427%

Mike Wheatley — Thu, 23 May 2024 00:04:16 +0000

Nvidia Corp. delivered another earnings blowout today, crushing Wall Street’s already high expectations to send its share price soaring above the $1,000 mark for the first time. The chipmaker has become synonymous with the artificial intelligence industry, with its stock seen as a yardstick to gauge the strength of that market. Today’s results suggest that […]

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HoundDog.ai raises $3.1M to help companies proactively prevent sensitive data leaks

Mike Wheatley — Wed, 22 May 2024 11:00:02 +0000

HoundDog.ai Inc., a startup that has built an artificial intelligence-powered code scanner to prevent sensitive data leaks and automate compliance, said today it has closed on a $3.1 million seed funding round. Today’s round was led by E14, Mozilla and Ex/ante and saw the participation of several angel investors, including Amjad Masad, chief executive of […]

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Pinecone launches serverless edition of its vector database on AWS

Mike Wheatley — Wed, 22 May 2024 01:02:30 +0000

Vector database startup Pinecone Systems Inc. said today the serverless version of its platform is launching in general availability on Amazon Web Services Inc.’s public cloud platform after a successful beta testing phase. Pinecone is the creator of an advanced vector database that can dynamically store, transform and index billions of high-dimensional data points, enabling […]

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Generative AI music maker startup Suno raises $125M in funding

Mike Wheatley — Wed, 22 May 2024 00:11:49 +0000

Generative artificial intelligence music creation platform Suno Inc. said today it has raised $125 million in funding that will fuel its ambition to create “a future where anyone can make music.” Today’s round was led by Lightspeed Venture Partners, Nat Friedman, Daniel Gross, Matrix and Founder Collective. Founded by Harvard Ph.D. Mikey Shulman, Suno has […]

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Microsoft’s Copilot is becoming more of a team player

Mike Wheatley — Tue, 21 May 2024 15:30:23 +0000

Microsoft Corp. is expanding its family of generative artificial intelligence-powered Copilots, introducing new virtual assistants in its Teams and SharePoint collaboration platforms, and announcing updates to the existing Microsoft Copilot in Azure. Today’s updates, announced at Microsoft Build 2024, are aimed at accelerating the company’s mission to bring its generative AI virtual assistant experience to […]

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Microsoft beefs up Azure’s arsenal of generative AI development tools

Mike Wheatley — Tue, 21 May 2024 15:30:03 +0000

Microsoft Corp. is trying to make life easier for generative artificial intelligence developers, with a host of updates to its developer tooling today. The software and cloud giant said the updates should help teams build more capable and knowledgeable AI models, including dedicated copilots, that can fulfill a wider range of enterprise-related tasks. The announcements at […]

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Stanford HAI says generative AI model transparency is improving, but there’s a long way to go

Mike Wheatley — Tue, 21 May 2024 13:00:58 +0000

Researchers from Stanford University today published an update to their Foundation Model Transparency Index, which looks at the transparency of popular generative artificial intelligence models such as OpenAI’s GPT family, Google LLC’s Gemini models and Meta Platforms Inc.’s Llama series. The FMTI, which was first published in October, is designed to assess the transparency of […]

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IBM pivots to focus on code generation with open-source Granite generative AI models

Mike Wheatley — Tue, 21 May 2024 04:00:03 +0000

IBM Corp. today made clear its intention to stay at the forefront of generative artificial intelligence development, announcing a host of updates to its year-old watsonx platform, including a new family of open-source Granite models. It also launched an initiative called InstructLab, which aims to accelerate the contributions of the open-source community to generative AI […]

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Zoom delivers earnings beat and lifts its full-year guidance, but investors are unimpressed

Mike Wheatley — Mon, 20 May 2024 23:58:18 +0000

Zoom Video Communications Inc. posted fiscal first-quarter profit, earnings and sales that came in just ahead of Wall Street’s expectations, assisted by the rollout of artificial intelligence across more of its products, but the company’s near-term forecast came up light, sending its stock slightly lower in extended trading today. The company reported net income for […]

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Google’s Project Gameface lets people control Android devices using gestures and facial expressions

Mike Wheatley — Fri, 17 May 2024 02:05:50 +0000

Google LLC is bringing a host of new accessibility upgrades to Android, with the headline feature something known as Project Gameface, which uses artificial intelligence to translate facial expressions and gestures into on-screen actions. Project Gameface was first conceived as a kind of hands-free mouse for gamers, but Google quickly realized that the technology behind […]

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