Maria Deutscher
Latest from Maria Deutscher
Microsoft avoids EU fine by agreeing to unbundle Teams from Microsoft 365
Microsoft Corp. will change its business practices in the productivity software market to address antitrust concerns raised by the European Union. The European Commission, the EU’s executive arm, announced the development today. Regulators could have potentially fined Microsoft over the business practices that it’s revising. The changes made by the company will enable it to ...
OpenAI’s nonprofit parent set to receive $100B+ stake in for-profit arm
OpenAI today shared new details about its closely watched effort to change its organizational structure. The ChatGPT developer also indicated that Microsoft Corp. has tentatively approved the initiative. The tech giant is one of OpenAI’s most important investors, having provided it with more than $13 billion in funding and cloud infrastructure over the past six ...
Shares of blockchain company Figure climb 21% after $787M+ IPO
Shares of Figure Technology Solutions Inc. jumped 21% in today’s trading session, bringing the newly listed blockchain company’s market capitalization to $5.29 billion. Figure went public late Wednesday in an offering that raised $787.5 million. Investors bought 31.5 million shares for $25 apiece, a significant premium over the $18 to $20 the company had originally ...
F5 acquires AI security provider CalypsoAI for $180M
F5 Inc. today announced plans to acquire CalypsoAI Inc., a startup that helps enterprises protect their artificial intelligence applications from hackers. The all-cash deal values CalypsoAI at $180 million. That’s more than four times the amount of funding the company raised prior to the acquisition. F5 expects to close the transaction later this month. Nasdaq-listed ...
Report: Investors offered to fund AI data startup Mercor at $10B valuation
Investors have reportedly offered to arrange a new funding round of $100 million for Mercor Inc. that would value the startup at upwards of $10 billion. TechCrunch on Thursday cited sources as saying that Mercor has received multiple offers from prospective backers. The tipsters added that the company was holding discussions with those investors. Mercor ...
Arm debuts AI-optimized Lumex chip lineup for mobile devices
Arm Holdings plc today introduced a new portfolio of chip designs that handset makers can use to develop mobile processors. The product family is known as Lumex. It includes central processing units, graphics processing units and an interconnect module. Smartphone makers can use the latter component to link together Arm’s new GPUs and CPUs into ...
Replit raises $250M at $3B valuation for its AI application builder
Replit Inc., a startup with an artificial intelligence platform that speeds up application development, has raised $250 million in new funding. Prysm Capital led the investment with contributions from more than a half-dozen other backers. Google LLC’s AI Futures fund, Y Combinator and Coatue were among the participants. Replit disclosed in its announcement today that ...
Nvidia previews Rubin CPX graphics card for disaggregated AI inference
Nvidia Corp. today previewed an upcoming chip, the Rubin CPX, that will power artificial intelligence appliances with 8 exaflops of performance. AI inference involves two main steps. First, an AI model analyzes the information on which it will draw to answer the user’s prompt. Once the analysis is complete, the algorithm generates its prompt response one token ...
SailPoint shares drop 7%+ despite strong second quarter
Shares of SailPoint Inc. dropped more than 7% today despite the cybersecurity provider reporting better-than-expected results for the second quarter. The selloff may have been caused by the company’s mixed guidance. SailPoint raised its full-year forecast, but its sales projection for the current quarter missed expectations. SailPoint provides software that companies use to manage employee ...
Mitsubishi Electric acquires cybersecurity provider Nozomi Networks for $883M
Cybersecurity company Nozomi Networks Inc. today announced that it has agreed to be acquired by Mitsubishi Electric Corp., a major supplier of industrial equipment. The deal values Nozomi at about $1 billion. The sum comprises $883 million that Mitsubishi Electric will pay as part of the acquisition and about $117 million worth of shares it ...