Mike Wheatley
Latest from Mike Wheatley
Micron’s stock slumps as fourth-quarter guidance disappoints
Chipmaker Micron Technology Inc. reported solid third-quarter financial results today, beating expectations on earnings and revenue, but its topline forecast for the current quarter was only in line with analyst’s projections, disappointing investors. The company reported quarterly earnings before certain costs such as stock compensation of 62 cents per share, beating Wall Street’s consensus estimate of ...
Intel shows off first fully integrated optical compute interconnect, designed to scale up AI workloads
Intel Corp. said today it has achieved another key milestone as it strives to make integrated photonics technology for high-speed data transfers a reality. The chipmaker showed off what it says is the industry’s first-ever “fully integrated optical compute interconnect,” or OCI, chiplet, co-packaged with an Intel-made central processing unit. The new chip was showcased ...
EvolutionaryScale raises $142M in seed funding to accelerate AI-powered protein discovery
Biology-focused artificial intelligence startup EvolutionaryScale Inc. said today it has raised $142 million in a seed funding round to transform the way scientists create novel proteins for scientific research. Today’s round was led by Nat Friedman, Daniel Gross and Lux Capital, and saw participation from Amazon Web Services Inc. and Nvidia Corp.’s venture capital arm. ...
Transformer model chipmaker Etched.ai raises $120M to challenge Nvidia’s market dominance
Artificial intelligence chip startup Etched.ai Inc. said today it’s looking to rival Nvidia Corp. and become a market leader in dedicated AI chips, after closing on a hefty $120 million early-stage round of funding. The two-year old startup was founded by a couple of Harvard university dropouts, who believe they have just what it takes ...
OpenAI launches ChatGPT app for Mac, but delays release of more advanced chat capabilities
OpenAI said today that its official ChatGPT app for Apple Mac computers is now available to download for all users running macOS Sonoma or later. However, the company is also delaying the rollout of a more eagerly anticipated feature, namely the advanced voice mode in ChatGPT that was announced in May and due to launch ...
AI startup Emergence AI raises a ton of cash to enhance office worker productivity
Emergence AI, a generative artificial intelligence startup that’s focused on enhancing the productivity of business employees, said today it has closed on a $97.2 million funding round led by Learn Capital. Adding to those funds, it has also secured lines of credit totaling more than $100 million, the startup said. For a company that says it’s ...
Klarity Intelligence raises $70M to automate the document review process
Document intelligence startup Klarity Intelligence Inc. said today it has raised $70 million in new round of funding led by Nat Friedman and Daniel Gross. Scale Venture Partners, Tola Capital, Picus Capital, Invus Capital and Y Combinator also participated. Today’s Series B round, which follows an $18 million investment in January 2022, brings the company’s total ...
Record labels file lawsuits against AI music generators Suno and Udio, alleging widespread copyright infringement
Three major record labels said today they have filed lawsuits against the generative artificial intelligence music startups Suno Inc. and Uncharted Labs Inc., better known as Udio. The two separate lawsuits against Suno and Udio allege that the AI companies have carried out “widespread infringement” of copyrighted sound recordings at an “almost unimaginable scale.” Leading ...
Oracle unveils generative AI-powered digital assistant for U.S. clinicians
Oracle Corp. is flexing its generative artificial intelligence muscles again with the launch of a new Clinical Digital Assistant for Ambulatory clinics in the U.S. Announced today, the new digital assistant is a mobile offering that integrates clinical intelligence, multimodal voice and screen-driven assistance with generative AI. The app is designed to provide clinicians with ...
Rivals Apple and Meta Platforms reportedly discussing generative AI partnership
In a bid not to be left behind in the race to integrate advanced generative artificial capabilities into its hardware, Apple Inc. is reportedly discussing a partnership with its longtime rival Meta Platforms Inc., the parent company of Facebook. The proposed partnership would see Apple integrate Meta’s Llama 3 large language model with the Apple ...