Maria Deutscher
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UiPath lays off 10% of workforce in push for increased efficiency
UiPath Inc. today disclosed plans to lay off 10% of its workforce, or about 420 employees, in a bid to increase operational efficiency. The restructuring comes two years after the company’s previous round of job cuts. In late 2022, UiPath let go 6% of its workforce as part of an effort to reduce costs. The ...
Investor consortium acquires majority stake in Nasuni at $1.2B valuation
An investor group led by Vista Equity Partners is buying a majority stake in Nasuni Corp., a venture-backed provider of data storage software. The company announced the deal this morning. It detailed that Vista Equity Partners will be joined by TCV and KKR in the transaction. The investment values Nasuni at $1.2 billion. “We are ...
Mirantis upgrades its OpenStack distribution with performance, AI optimizations
Mirantis Inc. today debuted MOSK 24.2, the latest release of its Kubernetes-powered OpenStack distribution. Campbell, California-based Mirantis sells software for managing cloud and on-premises infrastructure. Alongside its OpenStack distribution, the company develops Lens Desktop, a popular tool for configuring Kubernetes clusters. Its software portfolio also spans several other product categories, including cybersecurity. MOSK, the focus ...
Delivery Hero shares drop ahead of potential €400M+ antitrust fine
Shares of Delivery Hero SE, one of the world’s largest food delivery companies, plummeted more than 17% at one point today on concerns that it could face a steep antitrust fine. The company ended the trading session with its stock price down 7.2%. Berlin-based Delivery Hero launched in 2011 and went public six years later. ...
Apple reportedly preparing new Apple Watch with chip, display upgrades
Apple Inc. is reportedly developing a new iteration of its Apple Watch device series with display upgrades and an improved processor. Bloomberg detailed the planned upgrades on Sunday, citing sources familiar with the matter. The new Apple Watch models are expected to debut in the spring. The iPhone maker is believed to be working on ...
Hebbia reels in $130M for its AI search platform
Hebbia Inc., the developer of a data search platform for enterprises, today disclosed that it has closed a $130 million investment led by Andreessen Horowitz. Index Ventures, Alphabet Inc.’s GV venture fund and Peter Thiel participated as well. Bloomberg cited a source as saying that Hebbia is now worth about $700 million. The investment is ...
Reversing course, Apple approves Epic Games’ iOS game store
Apple Inc. today gave Epic Games Inc. the go-ahead to make its video game marketplace available for iOS users in the European Union. The decision comes hours after Epic accused the iPhone maker of rejecting the app. In conjunction, Epic announced plans to share its concerns about the matter with the European Commission, the European ...
EU asks Amazon for information about its DSA compliance
European Union officials have asked Amazon.com Inc. for information about its compliance with the DSA, a piece of tech industry regulation that the bloc rolled out in 2022. The European Commission, the EU’s executive branch, disclosed the move today. The request marks the third time that regulatory officials in the bloc have asked Amazon for ...
Meta open-sources new ‘multi-token prediction’ language models
Meta Platforms Inc. has open-sourced four language models that implement an emerging machine learning approach known as multi-token prediction. VentureBeat reported the release of the models today. Meta made their code available on HuggingFace, a popular platform for hosting artificial intelligence projects. Large language models generate the text or code they output one token at ...
AWS to build $1.3B top-secret cloud for Australia’s government
Amazon Web Services Inc. has inked a deal to build data centers in Australia for the country’s defense and intelligence agencies. Officials announced the project today at a press conference in Canberra. The initiative is expected to cost 2 billion Australian dollars, or $1.3 billion, over the next decade. AWS estimates that it will support ...