Maria Deutscher
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GPU cloud operator GMI Cloud secures $82M investment
Cloud infrastructure startup GMI Cloud Inc. today announced that it has closed a $82 million early-stage funding round led by Headline Asia. The Series A investment also included the participation of Thailand-based energy company Banpu Next and Wistron Corp., a Taiwanese electronics maker. The bulk of the round, $67 million, took the form debt financing. ...
Cyber split: Check Point shares down, Commvault up on quarterly earnings
Check Point Software Technologies Ltd. and Commvault Systems Inc. both logged significant price moves in trading today, but in opposite directions, after reporting earnings for the three months ended Sept. 30. Shares of Check Point, one of the world’s largest cybersecurity companies, dropped more than 13%. Commvault, which mainly sells data protection software, is up ...
Meta reportedly developing custom search engine for its Meta AI chatbot
Meta Platforms Inc. plans to integrate a custom search engine into its Meta AI chatbot, The Information reported today. The publication cited sources as saying that the goal is to provide users with information about current events. Meta reportedly began developing the search engine more than eight months ago. The initiative is said to be ...
Cybersecurity startup Armis closes $200M round at $4.2B valuation
Armis Inc., the developer of a device detection and protection platform for enterprises, has raised $200 million in funding to support its growth efforts. The company announced the investment today. It said that the capital came from General Catalyst, Alkeon Capital Management, Brookfield Technology Partners and Georgian. The Series D raise values Armis at $4.3 ...
Apple releases first batch of Apple Intelligence features, debuts new iMac
Apple Inc. today made more than a half-dozen Apple Intelligence features generally available on recent iPhones, iPads and Macs. The company also debuted a refreshed version of its iMac desktop, which combines a computer with a monitor. The machine features a new chip, the M4, with an artificial intelligence accelerator described as three times faster ...
Meta inks multiyear AI content licensing deal with Reuters
Meta Platforms Inc. has inked a licensing deal with Reuters that will give it access to the news agency’s content. Axios revealed the agreement this morning. Meta and Reuters subsequently confirmed the news without disclosing the deal’s terms. Under the contract, Meta will make Reuters content accessible to its Meta AI chatbot for consumers. The ...
Elon Musk reportedly has been in regular contact with Vladimir Putin
Elon Musk has secretly been in “regular contact” with Russian President Vladimir Putin, the Wall Street Journal reported today. The paper attributed the information to current and former officials in the U.S., Europe and Russia. The sources said the calls between Musk and Putin began more than two years ago. In 2022, Musk stated that ...
Waymo raises $5.6B to grow its autonomous taxi service
Waymo LLC, Alphabet Inc.’s autonomous driving unit, today announced that it has closed a $5.6 billion funding round led by its parent company. The size of the search giant’s investment was not disclosed. In June, Alphabet disclosed plans to provide Waymo with up to $5 billion over several years. The funding round also included the ...
Payment processing startup Finix closes $75M investment
Startup Finix Inc. today announced that it has raised $75 million in funding to grow the adoption of its namesake payments platform, which processes more than 400 million transactions per day. Acrew Capital, Leap Global and Lightspeed Venture Partners jointly led the Series C investment. They were joined by more than a halfdozen other backers ...
White House issues memorandum on AI use in national security initiatives
The White House today released a document that outlines how the government should use artificial intelligence in national security initiatives. The new national security memorandum, or NSM, is the fruit of an AI-focused executive order that President Joe Biden signed last year. Alongside the creation of the memorandum, the order launched an array of other machine ...