Maria Deutscher
Latest from Maria Deutscher
OpenAI Group PBC today disclosed that one of its unreleased large language models may pose a significant cybersecurity risk. The algorithm, which is known as Astra, was first detailed last week. OpenAI revealed in a Sunday blog post that the LLM had …
Legal AI startup Harvey reportedly raising $500M at $15.5B valuation
Harvey AI Corp., a provider of artificial intelligence software for attorneys, is reportedly seeking at least $500 million in new funding. The Information today cited sources as saying that the round could value the startup at $15.5 billion. That’s a $4.5 billion …
SK hynix approves $38B+ investment in two new memory fabs
The board of SK hynix Inc., a major data center memory supplier, today approved the construction of two new fabs. The initiative will cost 54 trillion South Korean won, or about $38.3 billion. It’s part of a broader $430 billion investment plan …
Optical networking startup Lumilens launches with $900M in funding
Lumilens Inc., a provider of optical networking chips for artificial intelligence clusters, launched today with $900 million in funding. The company raised the bulk of the capital, $700 million, through a Series C round that valued it at $5.51 billion. Atreides Management, …
Meta’s Muse Spark 1.1 hacked an external organization during cybersecurity test
A large language model developed by Meta Platforms Inc. hacked a third party organization during a cybersecurity evaluation. The Facebook parent disclosed the incident on Wednesday without specifying the LLM. According to The Information, the cyberattack was carried out by Muse Spark …
Datadog shares plummet despite expectation-topping quarterly results
Datadog Inc.’s shares closed 19% lower today after it posted quarterly results and guidance that topped expectations. New York-based Datadog is a major provider of observability software. It also sells cybersecurity tools, a user experience monitoring suite and various related products. Several …
Confirming rumors, Anthropic reveals plan to develop custom chip
Anthropic PBC today disclosed that it plans to develop a custom artificial intelligence chip. A spokesperson told Business Insider that the company will co-design the processor with its future large language models. Usually, co-design initiatives focus on tailoring a chip to a …
Uber shares slide on mixed second quarter results, weak guidance
Uber Technologies Inc.’s shares declined by 5.3% today after it posted mixed earnings and disappointing guidance. The ride-hailing giant’s revenue grew 12% in the second quarter to $14.19 billion. That’s about $50 million less than what analysts had expected. By contrast, Uber’s …
Despite cloud growth, Kyndryl shares drop 5.4% on quarterly revenue decline
Shares of Kyndryl Holdings Inc. closed 5.38% lower today after it reported a larger-than-expected sales decline for its fiscal first quarter. The technology services giant ended the three months through June 30 with $3.61 billion in revenue. That’s 3% less than a …
Bending Spoons to acquire productivity software startup Airtable for $1.285B
Technology holding company Bending Spoons S.p.A. today announced plans to acquire Airtable Inc., the developer of a popular cloud-based spreadsheet platform. The all-cash deal is worth $1.285 billion. That’s less than the approximately $1.4 billion Airtable has raised from its investors. The …