Maria Deutscher
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IPO winter ending? Astera Labs and Reddit surge in stock trading debuts
Updated: The tech industry’s first major public offering of the year exceeded expectations today, while the second priced at the top end of its target range to raise more than $500 million. Astera Labs Inc., a supplier of chips for cloud data centers, raised $712.8 million in its IPO late Tuesday by selling 19.8 million ...
Three of Stable Diffusion’s original developers reportedly leave Stability AI
Three members of Stability AI Ltd.’s research team have reportedly left the well-funded artificial intelligence startup. Sifted and Forbes reported the development today, citing people familiar with the matter. Stability AI confirmed one of the three researchers’ departure. The news comes only a day after Inflection AI Inc., another high-profile generative AI startup, also announced ...
Intel wins $19.5B in CHIPS Act funding and loans for fab network expansion
Intel Corp. is poised to receive as much as $19.5 billion in federal funding and loans to expand its domestic chipmaking infrastructure. The Commerce Department will provide the financing through a preliminary, nonbinding memorandum of terms that officials announced today. Under the agreement, Intel will receive up to $8.5 billion in direct funding and the ...
Databricks acquires AI dataset management startup Lilac
Databricks Inc. has acquired Lilac AI Inc., a startup with a tool that helps developers manage the text datasets they use in artificial intelligence projects. The companies announced the deal today without disclosing the financial terms. Boston-based Lilac AI was founded by Daniel Smilkov and Nikhil Thorat, two former Google LLC engineers who helped build ...
Data security startup BigID valued at $1B+ following $60M round
BigID Inc., a startup that helps enterprises ensure their data is stored securely, has raised $60 million in fresh funding at a valuation exceeding $1 billion. The company detailed in its announcement of the round on Monday that Riverwood Capital was the lead investor. Silver Lake Waterman and Advent chipped in as well. “The exponential ...
Microsoft appoints Inflection AI CEO Mustafa Suleyman to lead its consumer AI unit
Microsoft Corp. has hired Mustafa Suleyman, the co-founder and chief executive of Inflection AI Inc., to lead its consumer artificial intelligence group. Inflection AI co-founder Karén Simonyan is also joining the group as chief scientist. Bloomberg reported that most of the startup’s employees will move over to Microsoft as well. Inflection AI, in turn, will ...
Sonatype debuts SBOM Manager to make enterprise software more transparent
Sonatype Inc. today introduced a new product, SBOM Manager, to help companies more easily track the components of their internal software. The offering made its debut at the KubeCon + CloudNativeCon Europe conference taking place this week in Paris. Sonatype provides a collection of developer tools with more than 15 million users worldwide. The cornerstone ...
Microsoft will reportedly debut new Qualcomm-powered Surface devices in May
Microsoft Corp. will hold a hardware event in May where it’s expected to debut consumer versions of its enterprise-focused Surface Pro tablet and Surface Laptop. The Verge reported the plan today, citing people familiar with the matter. A media invitation distributed by Microsoft stated that the event will see Chief Executive Officer Satya Nadella detail ...
Dell expands infrastructure portfolio with new Nvidia-powered AI platforms
Dell Technologies Inc. is rolling out a set of infrastructure offerings, including new servers, that promise to help enterprises more efficiently train and run artificial intelligence models. The company announced the products against the backdrop of Nvidia Corp.’s closely watched GTC developer conference. According to Dell, its new servers are compatible with the B200 Tensor ...
ClearML debuts open-source Fractional GPU tool and new monitoring features
ClearML today released a set of software tools designed to help companies use their artificial intelligence infrastructure more efficiently. San Francisco-based ClearML, officially Allegro Artificial Intelligence Ltd, is backed by $11 million in funding. It provides a software platform that developers can use to train AI models, deploy them in production and manage the data ...