Maria Deutscher
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Zafran launches with $30M+ to speed up vulnerability remediation
Startup Zafran Security Ltd. launched today with a platform that promises to help companies more quickly fix vulnerabilities in their technology infrastructure. The startup disclosed on the occasion that it has raised more than $30 million through a funding round led by Sequoia Capital and Cyberstarts. Cerca Partners and Penny Jar Capital contributed as well. ...
Sam Bankman-Fried sentenced to 25 years for defrauding FTX users and investors
A Manhattan district judge today sentenced FTX Trading Ltd. founder Sam Bankman-Fried to 25 years in prison for fraud. The ruling comes about five months after a jury found Bankman-Fried guilty of all seven counts that prosecutors had brought against him. The FTX founder was charged with wire fraud, conspiracy to commit fraud and conspiracy ...
Lightning AI debuts source-to-source Thunder compiler to accelerate AI training
Startup Lightning AI Inc. today debuted Thunder, an open-source compiler that rewrites artificial intelligence models to make them easier to train. The company claims its software can reduce the time it takes to develop AI models by several weeks. That cuts the amount of compute resources needed for machine learning projects, which in turn lowers ...
Amazon invests $2.75B more in OpenAI competitor Anthropic
Amazon.com Inc. has invested $2.75 billion in Anthropic PBC, a startup with a large language model that can outperform GPT-4 across multiple task categories. The companies announced the deal today. Amazon provided the capital as part of a previously announced plan to invest up to $4 billion in Anthropic. Under the same agreement, it led ...
Optical interconnect developer Celestial AI raises $175M in fresh funding
Celestial AI Inc., a startup that develops optical technology for linking together processors and memory modules, has secured $175 million in new funding. The announcement of the Series C round today comes shortly after the company’s disclosure that it has multiple hyperscale and semiconductor industry customers. Two major semiconductor suppliers, Samsung Electronics Co. Ltd. and Advanced Micro ...
Observe nabs $115M for its AI-powered observability platform
Observe Inc., the developer of an application observability platform with a built-in chatbot, today disclosed that it has closed a $115 million investment led by Sutter Hill Ventures. Snowflake Ventures participated as well along with Capital One Ventures and Madrona Ventures. Observe says it closed the Series B round at a valuation 10 times higher ...
Apple to host WWDC 2024 on June 10-14, with AI features and more coming
Apple Inc. today announced that this year’s edition of its Worldwide Developer Conference will run June 10-14. The company plans to livestream the event from its headquarters in Cupertino, California. It will invite a limited number of developers to an in-person gathering scheduled to take place during WWDC’s opening day. The invitations are set be ...
Canva acquires Adobe rival Serif to expand its graphic design software portfolio
Canva Inc. has acquired Serif Ltd., a company with a suite of graphic design applications used by more than 3 million customers. The deal was announced today. Canva co-founder and Chief Operating Officer Cliff Obrecht told Bloomberg that the transaction values U.K.-based Serif at “several” hundred million pounds. Canva provides a cloud service that enables users ...
HPE integrates custom AI models into Aruba Networking Central
Hewlett Packard Enterprise Co. is upgrading Aruba Networking Central, its cloud-based network management platform, with large language models designed to make administrators more productive. The company announced the update today. The models complement the platform’s existing artificial intelligence features, which ease tasks such as fixing malfunctioning switches. Aruba Networking Central enables administrators to monitor their ...
Report: UXL Foundation seeks to prepare alternative to Nvidia’s CUDA by year’s end
The UXL Foundation, a group of major chip industry players, expects that its alternative to Nvidia Corp.’s CUDA technology will become “mature” by year’s end. Reuters reported the group’s development schedule today. The technology the UXL Foundation’s members are building could make it easier to move workloads from Nvidia chips to rival processors. In the ...