Maria Deutscher
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SpaceX reportedly seeking $800B valuation ahead of 2026 IPO
SpaceX Corp. is reportedly gearing up for a bumper secondary sale that could be one of its last before going public. The Wall Street Journal reported today that the offering is set to value the aerospace company at $800 billion. If the deal materializes, SpaceX Corp. would surpass OpenAI Group PBC as the world’s most ...
Meta acquires Sam Altman-backed AI wearable startup Limitless
Meta Platforms Inc. today announced that it has acquired Limitless Inc., a startup with an artificial intelligence wearable for recording conversations. The terms of the deal were not disclosed. Limitless has raised $33 million in funding from First Round Capital, Andreessen Horowitz, NEA and OpenAI Group PBC Chief Executive Officer Sam Altman. Meta competes with ...
Netflix to acquire key Warner Bros. assets in blockbuster $72B deal
Netflix Inc. has inked an agreement to acquire several Warner Bros Discovery Inc. units for $72 billion in cash and stock. The companies announced the deal today. It follows a bidding contest that included Comcast Corp. and Paramount Skydance Corp., which is backed by Oracle Corp. Executive Chair Larry Ellison. The latter company recently accused ...
Meta could reportedly let go 30% of its metaverse unit’s workforce
Meta Platforms Inc. is weighing significant cuts to the budget of its metaverse unit, Bloomberg and the New York Times reported today. The unit is responsible for the company’s Quest series of virtual reality headsets. The most capable device in the lineup, the Quest 3, has a resolution of 2,064 by 2,208 pixels per eye. ...
7AI raises $130M to automate cybersecurity investigations with AI agents
Cybersecurity automation startup 7AI Inc. today announced that it has closed a $130 million funding round led by Index Ventures. The Series A deal also included the participation of Blackstone Innovations Investments, Greylock, CRV and Spark. They were joined by the investors who backed 7AI’s $36 million seed raise last June. Boston-based 7AI offers a ...
Intel scraps plan to spin off NEX networking chip business
Intel Corp. has scrapped plans to sell its multibillion-dollar NEX networking chip business. The company announced the move on Wednesday in a statement issued to Tom’s Hardware. The reversal comes about six months after rumors first emerged that Intel had considered offloading NEX. The company confirmed the initiative in July, telling employees that it was ...
OpenAI acquires AI tooling provider Neptune to enhance its model training workflows
OpenAI Group PBC today announced plans to buy Neptune Labs Inc., a startup with a platform that identities areas for improvement in artificial intelligence models. The companies didn’t disclose the acquisition terms. Bloomberg reported that OpenAI plans to finance the deal with stock. An AI model comprises a large number of relatively simple code snippets ...
Security device startup Verkada raises funding at $5.8B valuation
Verkada Inc., a startup that helps enterprises secure their facilities and spot air quality issues, has raised funding at a $5.8 billion valuation. The company didn’t disclose the size of the round. CNBC reported today that Verkada raised $100 million. CapitalG, an Alphabet Inc. fund that invests in late-stage startups, led the investment. Verkada sells ...
Vinci nabs $46M to speed up chip simulations with AI
Vinci4D Inc., a provider of simulation software for chip designers, has secured $46 million in funding to enhance its technology. The startup raised the capital over two rounds that it announced on Tuesday. The financing came from Xora Innovation, Eclipse and Khosla Ventures. A new chip design goes through many rounds of testing before it’s ...
Lemurian Labs raises $28M for its efficiency-optimized AI model compiler
Artificial intelligence tooling startup Lemurian Labs Inc. today announced that it has closed a $28 million funding round. Pebblebed Ventures and Hexagon jointly led the Series A investment. They were joined by Oval Park Capital, which led a seed round for Lemurian three years ago, and more than a half dozen other backers. An AI ...