Maria Deutscher
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Google DeepMind open-sources AlphaGenome medical research model
Google DeepMind today open-sourced AlphaGenome, an artificial intelligence model that researchers can use to study biological processes. The Alphabet Inc. unit first debuted the algorithm in June. Until now, it was accessible only through an application programming interface limited to noncommercial research use cases. According to DeepMind, the API has been adopted by more than ...
OpenAI, Anthropic reportedly raising billions of dollars in new funding
OpenAI Group PBC and Anthropic PBC are reportedly seeking new funding rounds that could significantly boost their respective valuations. Both companies are expected to go public as early as this year. That means the investments under discussion may be the last ones they raise. The Wall Street Journal today cited sources as saying that SoftBank ...
Amazon lays off 16,000 employees to prioritize growth areas
Amazon.com Inc. today announced a round of layoffs that will affect about 16,000 employees. The restructuring comes a few weeks after the company let go 14,000 workers across multiple business units. Beth Galetti, Amazon’s senior vice president of people experience and technology, wrote in an internal memo that the job cuts are part of an ...
Crypto payments startup Mesh raises $75M at $1B valuation
Crypto payment processing provider Mesh Connect Inc. today announced that it has closed a $75 million funding round at a $1 billion valuation. Dragonfly Capital led the Series C deal. It was joined by Coinbase Ventures, Japanese financial services giant SBI, Paradigm, Moderne Ventures and Liberty City Ventures. Mesh has raised more than $200 million to ...
Moonshot AI releases open-source Kimi K2.5 model with 1T parameters
Chinese artificial intelligence developer Moonshot AI today debuted Kimi K2.5, an open-source model that it says can outperform GPT-5.2 across several benchmarks. The launch comes a few days after word emerged that the company is raising capital at a $4.8 billion valuation. Moonshot reportedly closed a separate $500 million round in December. Kimi K2.5 is derived from ...
Industrial robotics startup Vention reels in $110M funding round
Vention Inc., a Canadian startup that supplies manufacturers with customized automation equipment, has raised $110 million in late-stage funding. The investment arm of Quebec’s government led the Series D round. It was joined by Nvidia Corp.’s NVentures and several other institutional backers. Vention offers more than 3,000 hardware products that range from simple metal components ...
Cloud security startup Upwind raises $250M funding round
Upwind Security Inc., a startup with a platform for securing public cloud environments, today announced that it has closed a $250 million funding round. Bessemer led the Series B investment with participation from Salesforce Ventures and Picture Capital. The cash infusion comes about a year after Upwind’s previous raise. The company says its revenue increased by ...
Ricursive Intelligence nabs $300M to speed up chip design with AI
Ricursive Intelligence Inc., a startup that plans to use artificial intelligence to speed up chip development, has raised $300 million in funding at a $4 billion valuation. Lightspeed led the Series A investment. Recursive disclosed in its funding announcement today that the venture capital firm was joined by Nvidia Corp.’s NVentures, DST Global, Felicis Ventures ...
Quantum chipmaker IonQ to acquire fab operator SkyWater for $1.8B
Quantum chip developer IonQ Inc. today announced plans to acquire SkyWater Technology Foundry Inc. for $1.8 billion. SkyWater was formed in 2017 from a former unit of Cypress Semiconductor Corp., an early memory manufacturer. One of its specialties is making cryogenic control electronics for quantum computers. That capability may have been one of the factors ...
Hotel software maker Mews nabs $300M at $2.5B valuation
Mews Systems BV, a Dutch startup that develops software and payment terminals for hotel operators, has raised $300 million in funding. The company stated on Thursday that EQT Growth led the Series D round. It was joined by Atomico, HarbourVest Partners, Kinnevik, Battery Ventures and Tiger Global. Mews is now valued at $2.5 billion. The ...