Maria Deutscher
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Meta acquires robot software startup Assured Robot Intelligence
Meta Platforms Inc. has acquired Assured Robot Intelligence Inc., a provider of artificial intelligence software for robots. The social media giant announced the deal today without disclosing the financial terms. It did specify that the acquisition is designed to advance its efforts to develop humanoid robots. Assured Robot Intelligence’s single-page website doesn’t provide information about ...
Nebius acquires AI model optimization startup Eigen AI for $643M
Nebius Group NV, a Dutch operator of artificial intelligence data centers, today announced plans to buy software maker Eigen AI Inc. for $643 million. The company will finance the acquisition with cash and stock. It expects to close the deal in a few weeks. Nebius provides access to graphics card unit clusters that developers can ...
Pentagon inks AI procurement deals with seven companies, leaves out Anthropic
The U.S. Defense Department today announced that it has inked artificial intelligence procurement contracts with seven tech firms. The group includes Amazon Web Service Inc., Google LLC, Microsoft Corp., Nvidia Corp., OpenAI Group PBC and SpaceX Corp. They are joined by a startup called Reflection AI Inc. that raised $2 billion in funding last year. ...
Standard Intelligence raises $75M to develop efficient computer use models
Standard Intelligence Inc., a six-person artificial intelligence startup, today announced that it has raised $75 million in funding. Sequoia and Spark Capital led the round. They were joined by multiple angel visitors, including prominent AI researcher Andrej Karpathy. Standard Intelligence has developed a foundation model called FDM-1 that is specifically optimized for computer use tasks. ...
Check Point shares plunge 19% on mixed first-quarter results
Shares of Check Point Software Technologies Ltd. closed almost 20% lower today after it posted quarterly sales and guidance that missed expectations. The cybersecurity company’s profit, in contrast, exceeded the consensus estimate by a comfortable margin. Check Point’s sales rose 5% year-over-year in the first quarter, to $668.4 million, missing analyst expectations by a hair. ...
SoftBank reportedly plans to spin off $100B data center construction venture
SoftBank Group Corp. reportedly plans to launch a publicly traded data center construction venture called Roze. The Wall Street Journal and the Financial Times broke the news late Thursday. They cited sources as saying that SoftBank hopes to take Roze public by year’s end at a valuation of about $100 billion. The stock listing is ...
Nvidia’s NVentures backs $150M round for medical AI startup Aidoc
Aidoc Medical Ltd., a startup with an artificial intelligence platform that helps doctors diagnose patients faster, has secured $150 million in funding. Goldman Sachs led the Series C round. Aidoc stated in its funding announcement today that Nvidia Corp.’s NVentures startup investment arm, General Catalyst and SoftBank Investment Advisors chipped in as well. The software ...
Rogo raises $160M to speed up financial analysis with AI agents
Rogo Technologies Inc., a startup using artificial intelligence to make financial professionals more productive, today announced that it has raised $160 million in funding. Kleiner Perkins led the Series D round. It was joined by Sequoia, Khosla Ventures, Morgan Growth Equity Partners and several others. Rogo provides an AI platform that can repetitive common day-to-day ...
Shares of Extreme Networks jump 28% on strong third-quarter results
Shares of Extreme Networks Inc. jumped more than 28% today after it posted better-than-expected third-quarter results and raised its guidance. The network equipment maker closed the three months ended March 31 with sales of $316.9 million. That represents a 11% year-over-year increase, slightly more than what analysts had expected. Extreme Networks’ quarterly profit also topped ...
Space technology startup True Anomaly raises $650M at $2.2B valuation
True Anomaly Inc., a startup that develops satellites optimized for maneuverability, has raised $650 million in late-stage funding. CNBC reported today that the Series D round values the company at $2.2 billion. The investment was led by Eclipse and Riot Ventures with participation from more than a dozen other backers. True Anomaly’s flagship product is ...