Maria Deutscher
Latest from Maria Deutscher
US finalizes $11.6B CHIPS Act financing agreement with TSMC
The Biden administration has finalized an agreement that will give Taiwan Semiconductor Manufacturing Co. access to $11.6 billion in federal financing for fab construction. The White House and Commerce Department announced the milestone today. The deal’s approval comes about a week after word emerged that TSMC had finished negotiating the terms of the financing. Under ...
18 state attorneys general sue SEC over digital asset regulation
A group of Republican state attorneys general has sued the Securities and Exchange Commission over the agency’s regulatory approach toward digital assets. The lawsuit was filed late Thursday with a federal court in Kentucky. The plaintiffs include 18 state attorneys general as well the DeFi Education Fund, a digital asset advocacy organization. The complaint names ...
Elon Musk’s xAI reportedly raising multibillion-dollar funding round to upgrade its supercomputer
Elon Musk’s xAI Corp. is reportedly raising a multibillion-dollar funding round that will significantly increase its valuation. According to CNBC, the investment is worth up to $6 billion and should close early next week. The bulk of the capital, $5 billion, will reportedly be provided by sovereign funds in the Middle East while the rest ...
Bitsight acquires threat intelligence provider Cybersixgill for $115M
Bitsight Technologies Inc. has inked a $115 million deal to buy Cybersixgill Inc., a fellow cybersecurity startup that collects information about hacker activities. The companies announced the acquisition today. Boston-based Bitsight is backed by about $400 million in venture funding. It raised the bulk of that sum, $250 million, from credit ratings agency Moody’s Corp. ...
EU issues €797M antitrust fine to Meta over Facebook Marketplace
The European Union today issued a fine of €797.72 million, or about $840 million, to Meta Platforms Inc. over the way it operates its Facebook Marketplace e-commerce service. Officials have also ordered the company to change some of its business practices. Launched in 2016, Facebook Marketplace enables users of Meta’s flagship social network to buy ...
AI-powered developer tooling startup Tessl raises $125M
Tessl AI Ltd., a startup using artificial intelligence to streamline software development and maintenance, today announced that it has raised $125 million in funding. The bulk of the capital, $100 million, arrived in the form of a recent Series A round led by Index Ventures. Accel chipped in as well. Tessl earlier raised a $25 ...
AI cloud operator CoreWeave closes $650M secondary sale
CoreWeave Inc., the operator of a cloud platform optimized for artificial intelligence workloads, today announced that it has closed a $650 million secondary sale. A standard funding round gives a startup access to capital for growth initiatives. In secondary sales, the proceeds go to the startup’s shareholders. Such transactions are often used to give employees ...
Juniper invests in AI chip startup Recogni, details technical collaboration
Juniper Networks Inc. on Tuesday disclosed that it has invested in Recogni Inc., a startup with an artificial intelligence chip touted as significantly more efficient than the competition. The companies didn’t divulge the size of the investment. Juniper provided the capital as part of a Series C round that Recogni originally announced in February. At ...
Report: OpenAI drafts policy paper with suggestions for US AI strategy
OpenAI has drafted a policy paper with suggestions on how to foster the U.S. artificial intelligence sector, CNBC reported today. Chris Lehane, the company’s vice president of global affairs, is expected to present the document today in Washington, D.C. OpenAI’s paper reportedly contains five main policy suggestions. According to FedScoop, the first proposal calls on ...
Industrial automation startup Vecna Robotics raises $14.5M, appoints new CEO
Vecna Robotics Inc., a supplier of automation equipment for factories and warehouses, has secured $14.5 million in funding from existing investors. The startup disclosed the raise today in conjunction with the appointment of Karl Iagnemma as chief executive. Iagnemma previously held the same role at Motional and NuTonomy, two autonomous vehicle developers. The former company ...