Maria Deutscher
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Fixify nabs $25M for its AI-supported help desk service
Fixify Inc., a startup helping companies process employees’ technical support requests more efficiently, today announced that it has raised $25 million in funding. Costanoa Ventures, Decibel Partners and Paladin Capital Group jointly led the Series A investment. Scale Venture Partners chipped in as well. Fixify’s total outside capital now stands at $32 million. Assembling a help desk team ...
Arm moves to cancel Qualcomm’s instruction set architecture license
Arm Holdings plc plans to cancel a license that gives Qualcomm Inc. permission to use its instruction set architecture in chips. Bloomberg reported the development today. Qualcomm, the world’s top maker of Android handset processors, acknowledged the licensing dispute in a statement. An instruction set architecture, or ISA, defines the language in which a central ...
Agentic AI startup CrewAI closes $18M funding round
CrewAI Inc., the developer of a popular tool for building artificial intelligence agents, has raised $18 million in funding to support its growth efforts. The startup announced the milestone today. It raised the capital over two rounds: a seed investment led by boldstart ventures and a Series A raise led by Insight Partners. CrewAI’s backers ...
TSMC notifies US of potential attempt to make Huawei chip using its fabs
Taiwan Semiconductor Manufacturing Co. has notified U.S. officials about a potential attempt by a customer to circumvent export controls on chip technology. Reuters and the Financial Times reported the development today. Earlier, sources told The Information that the U.S. Commerce Department is investigating whether TSMC has made artificial intelligence or smartphone chips for Shenzen-based Huawei Technologies ...
Freeform raises $14M to build an AI-powered 3D printing factory
Freeform Future Corp., a startup developing 3D printers for producing metal parts, today announced that it has raised $14 million in funding. The capital came from Nvidia Corp.’s NVentures fund and Boeing Co.’s AE Ventures. Besides providing funding, the two companies will also provide Freeform with other resources such as graphics cards. The startup previously ...
Stripe acquires stablecoin infrastructure startup Bridge
Stripe Inc. today announced plans to buy Bridge Ventures Inc., a startup with a platform for processing stablecoin transactions. The companies didn’t disclose the deal’s financial terms. However, a source told Forbes that Stripe is paying $1.1 billion for Bridge. That’s more than five times the valuation startup reportedly received following a funding round earlier ...
Haiper debuts new flagship video generation model
Haiper Ltd., a venture-backed artificial intelligence startup, today debuted a video generator that can create short clips based on user prompts. Haiper 2.0 is a new iteration of an AI model that the company debuted earlier this year. Compared with the previous release, it generates clips faster and in a more realistic style. Additionally, an ...
Sophos to buy rival cybersecurity provider Secureworks for $859M
Sophos Ltd. is acquiring Secureworks Corp., a fellow provider of cybersecurity software, in a deal worth $859 million. The companies announced the transaction today. It values Secureworks at $8.50 per share, a 28% premium over the software maker’s 90-day volume-weighted average price. The deal is not unexpected: Reports that Secureworks could be acquired have been ...
OpenAI, Microsoft reportedly hire banks to renegotiate partnership terms
OpenAI and Microsoft Corp. have reportedly hired investment banks to help revise the terms of their partnership. The Wall Street Journal today cited sources as saying that OpenAI is being advised by Goldman Sachs. Microsoft, in turn, has reportedly hired Morgan Stanley. The two banks previously participated in a deal that gave the ChatGPT developer ...
H2O.ai releases small language models for multimodal processing tasks
H2O.ai Inc. on Thursday introduced two small language models, Mississippi 2B and Mississippi 0.8B, that are optimized for multimodal tasks such as extracting text from scanned documents. The models are available on Hugging Face under an open-source license. Mountain View, California-based H2O.ai provides a suite of tools for building artificial intelligence applications. Enterprises can use ...