Mike Wheatley - CybAI news

02 Jul

Finbourne raises £55M to break down financial data silos with AI – SiliconANGLE

stp2y0 CommentsGenAIFinbourne raises £55M to break down financial data silos with AI, Mike Wheatley, SiliconANGLE

U.K.-based financial data management startup Finbourne Technology Ltd. said today it has closed on a £55 million ($70 million) middle-stage funding round to help make life easier for investment managers and financial institutions by providing them with artificial intelligence-powered insights. Today’s Series B round was led by Highland Europe and AVP, and comes after the company closed on a £15 million investment in 2021. The company was established in 2016 by a team of bankers and investors who previously worked at institutions such as UBS Group AG and Nomura Holdings Inc. Their mission is to reinvent the way financial firms…

02 Jul

Automotive lifecycle data startup Solera files for IPO, seeking to raise $1.5B – SiliconANGLE

stp2y0 CommentsGenAIAutomotive lifecycle data startup Solera files for IPO, Mike Wheatley, seeking to raise $1.5B, SiliconANGLE

Automotive data software startup Solera Corp. filed paperwork for an initial public offering with the U.S. Securities and and Exchange Commission on Friday, confirming an earlier report from Bloomberg that first revealed its IPO plans. The filing is another sign of investors’ slowly growing enthusiasm for first-time share offerings, following a spate of successful public launches from tech companies such as Rubrik Inc., Raspberry Pi Holdings plc and Reddit Inc. earlier in the year. Reuters, which first reported the news, says that the paperwork didn’t detail the price range or number of shares to be issued in Solera’s IPO. Those…

04 Jun

Investors show confidence in Confluent, as its stock gains on solid earnings beat and bullish guidance – SiliconANGLE

stp2y0 CommentsGenAIas its stock gains on solid earnings beat and bullish guidance, Investors show confidence in Confluent, Mike Wheatley, SiliconANGLE

Shares of the data streaming software provider Confluent Inc. gained more than 4% in extended trading today after the company reported a strong first-quarter earnings and revenue beat. The company delivered earnings before certain costs such as stock compensation of five cents per share, beating Wall Street’s consensus estimate of two cents per share, while its revenue jumped 25% from a year earlier to $217.2 million. That number also came in ahead of expectations, with analysts predicting sales of just $211.6 million in the quarter. All told, Confluent delivered a net loss of $92.9 million, but that number represents considerable progress…

03 Jun

Elastic’s new Search AI Lake enables highly scalable vector search for generative AI apps – SiliconANGLE

stp2y0 CommentsGenAIElastic's new Search AI Lake enables highly scalable vector search for generative AI apps, Mike Wheatley, SiliconANGLE

Enterprise search technology provider Elastic N.V. is hoping to make the data essential for generative artificial intelligence as well as security and observability workloads more accessible with the launch of its new Search AI Lake service. Announced today, Elastic Search AI Lake is a radically different offering from existing Elasticsearch deployments. It decouples storage from compute, an approach that allows it to scale search across exponentially larger data volumes with rapid query performance for both traditional structured data and unstructured information represented as vectors. This latter capability makes Search AI Lake an especially useful data store for generative AI services,…

03 Jun

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

stp2y0 CommentsChat-GPTMike Wheatley, ranking AI model performance in specific domains, Scale AI publishes its first LLM Leaderboards, SiliconANGLE

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 generative AI coding, instruction following, math and multilinguality. The SEAL Leaderboards show that OpenAI’s GPT family of LLMs ranks first in three of the four initial domains it’s using to rank AI models, with Anthropic PBC’s popular Claude 3 Opus grabbing first place in the…

03 Jun

Pinecone launches serverless edition of its vector database on AWS – SiliconANGLE

stp2y0 CommentsGenAIMike Wheatley, Pinecone launches serverless edition of its vector database on AWS, SiliconANGLE

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 it to respond rapidly and accurately to queries such as nearest-neighbor search. The company launched the original, server-based version of its vector database back in 2021, saying that it was aimed at artificial intelligence and machine learning applications. The main purpose, it said at the…

03 Jun

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

stp2y0 CommentsGenAIMike Wheatley, sending its stock higher, SiliconANGLE, Snowflake ups its revenue forecast and buys AI observability firm TruEra

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 reliability of AI models. The company cited strong demand from customers that are keen to leverage its services for their artificial intelligence projects. It reported first-quarter earnings before certain costs such as stock compensation of 14 cents per share, short of the consensus estimate of 18…

03 Jun

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

stp2y0 CommentsChat-GPTMike Wheatley, SiliconANGLE, UiPath's stock plummets as CEO Rob Enslin abruptly resigns and guidance disappoints

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 by Daniel Dines, who formerly worked as co-CEO alongside Enslin before switching to become executive chairman and chief innovation officer at the end of January. Enslin said he made the difficult decision to resign after much reflection, but insisted he was optimistic about the company’s…

02 Jun

MongoDB’s stock tanks on lower guidance – SiliconANGLE

stp2y0 CommentsGenAIMike Wheatley, MongoDB's stock tanks on lower guidance, SiliconANGLE

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 the worst, for MongoDB’s stock was already trading 7% lower in the regular session, but when those fears were confirmed, it prompted a rapid selloff that saw the stock decline by a further 25% in extended trading. The company did OK in the first quarter,…

28 May

GitHub elevates the generative AI coding experience with Copilot Workspace – SiliconANGLE

stp2y0 CommentsChat-GPTGitHub elevates the generative AI coding experience with Copilot Workspace, Mike Wheatley, SiliconANGLE

Microsoft Corp.’s GitHub today announced a new generative artificial intelligence-powered development environment called Copilot Workspace, which builds on the capabilities of its original AI-powered coding tool to help reduce the time it takes to get started on new projects. Unveiled in a blog post authored by GitHub Chief Executive Thomas Dohmke, Copilot Workspace is designed to help developers by reducing the time they need to spend reading through an existing codebase to work out how to get started on a new project. They can use natural language to brainstorm ideas, plan, build, test and run their code, and do it…