Maria Deutscher
Latest from Maria Deutscher
Google launches Nano Banana 2 with speed, image quality improvements
Google LLC today introduced a new image generation model, Nano Banana 2, that offers higher output quality and better performance than its predecessor. The company will make the algorithm available in more than a half-dozen products. The original Nano Banana made its debut in August. Google followed up the model with an enhanced version, Nano ...
Anthropic acquires AI startup Vercept to enhance Claude’s computer use features
Anthropic PBC has acquired Vercept Inc., a startup with an artificial intelligence tool that can automate multistep tasks. The company didn’t disclose the financial terms in its announcement of the deal today. Vercept previously raised more than $50 million from Google LLC Chief Executive Eric Schmidt, Google DeepMind Chief Scientist Jeff Dean and other high-profile ...
Data protection startup Gambit Security launches with $61M in funding
Data protection startup Gambit Security Ltd. launched today with $61 million in funding from Spark Capital, Kleiner Perkins and Cyberstarts. The company raised the capital over two rounds that closed in the past 12 months. It will use the funds to hire more go-to-market professionals and speed up product development. Recovering application data after an ...
Circle shares soar 35%+ on strong fourth-quarter results
Shares of stablecoin issuer Circle Internet Group Inc. jumped more than 35% today after it posted better-than-expected fourth-quarter results. The company’s adjusted EBITDA, or earnings before interest, taxes, depreciation and amortization, more than quadrupled year-over-year, to $167 million. That amounted to adjusted earnings of 43 cents per share. Wall Street forecasted 35 cents per share. ...
Chip startup MatX raises $500M to speed up large language models
MatX Inc., a chip startup founded by former Google LLC engineers, has raised $500 million in funding to bring its first product to market. Jane Street and Situational Awareness led the Series B investment. MatX stated today that they were joined by more than a half-dozen others, including chipmaker Marvell Technology Inc. and Stripe Inc.’s ...
Edge AI chip startup Axelera AI raises $250M+ funding round
Axelera AI BV, a Dutch supplier of artificial intelligence chips for edge devices, today announced that it has raised more than $250 million in funding. Amsterdam-based venture capital firm Innovation Industries led the investment. It was joined by BlackRock, Samsung Catalyst Fund and several others. Axelera AI’s flagship product is an AI chip called Metis ...
AMD shares jump 8% on $100B+ AI chip deal with Meta
Shares of Advanced Micro Devices Inc. rose 8% today after it announced plans to supply Meta Platforms Inc. with billions of dollars worth of chips. The Facebook parent will also receive the option to buy an up to 10% stake in AMD. As part of the deal, Meta has received a stock warrant that will allow ...
Pure Storage to rebrand as Everpure, acquire data management startup 1touch
Pure Storage Inc. today announced a rebrand and a startup acquisition designed to enhance its data management capabilities. Starting next Thursday, the data storage provider will operate under the name Everpure. The company won’t change its ticker symbol from PSTG, but will refresh its product names to reflect the new branding. Its Pure Storage Platform, ...
IBM, DoorDash shares drop as tech selloff continues
Shares of IBM Corp., DoorDash Inc. and other software companies closed lower today following another broad decline in tech stocks. The selloff is the latest in a series to have hit the information technology industry since Anthropic PBC released Claude Workspace plugins on Jan. 30. A plugin is a collection of prompts, datasets and scripts ...
Space networking startup Aalyria nabs $100M investment
Aalyria Technologies Inc., a developer of space-based communications technology, today announced that it has raised $100 million at a $1.3 billion valuation. The investment was led by Battery Ventures and J2 Ventures. It comes four years after Livermore, California-based Aalyria spun off from Alphabet Inc.’s X research lab. The Google parent will reportedly retain a ...