Maria Deutscher
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Pure Storage reportedly lays off 4% of its workforce
Pure Storage Inc. is reportedly letting go as many as 275 employees, or 4% of its workforce, following two previous rounds of job cuts early last year. Blocks and Files reported the move today. Pure Storage confirmed the layoffs in a statement without commenting on the number of affected employees or specifying what teams had ...
Daedalus nabs $21M for its AI-powered precision manufacturing facility
Daedalus GmbH, a contract manufacturing startup based in Germany, today announced that it has closed a $21 million Series A investment. The round was led by NGP Capital, a venture capital firm focused on the enterprise software market. Daedalus says that returning backers Addition and Khosla Ventures participated as well. Companies that make physical goods ...
Cohesity and Veritas’ data protection business to merge into $7B company
Cohesity Inc. is acquiring Veritas Technologies LLC’s data protection unit in a deal that is set to expand its customer base and product portfolio significantly. The transaction was announced today. According to the companies, the combined entity is expected to have a valuation of $7 billion and pro forma annual revenue of $1.6 billion. It ...
Microsoft upgrades Copilot with enhanced image editing features, new AI model
Microsoft Corp. today launched a new version of its Copilot artificial intelligence chatbot that will make it easier for users to create and edit images. Copilot rolled out exactly a year ago under the name Bing Chat. Yusuf Mehdi, chief marketing officer of Microsoft’s consumer business, detailed in a blog post that users have since launched ...
Apple, UC Santa Barbara researchers detail new MGIE image editing AI
A group of researchers from Apple Inc. and the University of California at Santa Barbara has detailed MGIE, an artificial intelligence system that allows users to edit images with natural language commands. The researchers first revealed the project in an academic paper released last September. They published a newer, revised version of the paper on ...
Uber’s earnings results top analyst expectations across the board
Strong demand for ride-hailing services helped Uber Technologies Inc. top both revenue and profit expectations in the fourth quarter. The company posted its financial results for the three months ended Dec. 31 this morning before the opening bell. It also shared optimistic guidance for the current quarter that exceeded gross bookings and earnings expectations on ...
F5 debuts new API security and AI features
F5 Inc. today introduced a set of new software tools designed to help companies more efficiently manage and secure their technology infrastructure. Nasdaq-listed F5 is a major cybersecurity provider that reported $693 million in revenue last quarter. Its applications help enterprise block bots, distributed denial-of-service attacks and other threats. F5 also sells fraud detection software, ...
AI customization startup Cimba launches with $1.25M in funding
Cimba.ai Inc., a startup making it easier for enterprises to customize language models, launched today with $1.25 million in initial funding. The pre-seed raise was led by Ripple Ventures with participation from SeaChange and PackVC. The funding round also included contributions from angel investors Chad Sanderson, chief executive of venture-backed data management startup Gable.ai Inc., ...
Meta will label AI-generated images across Facebook, Instagram and Threads
Meta Platforms Inc. today announced plans to roll out labels that will indicate if images uploaded to Facebook, Instagram and Threads were generated using general intelligence tools. The company will start adding the labels to users’ posts in the coming months. According to Meta, the update is part of a broader effort to manage better ...
DocuSign cuts 400 jobs in third round of layoffs since 2022
DocuSign Inc. today announced plans to let go about 400 employees, or 6% of its workforce, in a bid to cut costs and redirect more resources to growth initiatives. The electronic signature provider detailed in a regulatory filing that the layoffs will mainly affect its sales and marketing teams. According to DocuSign, those employees in ...