Maria Deutscher
Latest from Maria Deutscher
EU member states approve landmark AI regulation
The European Union’s member states today agreed on the text of a proposed law designed to regulate artificial intelligence models. The legislation was first proposed in 2021 by the European Commission, the EU’s executive branch. Lawmakers reached a provisional agreement on what the law should include this past December. Now that the draft has received ...
FTC orders software maker Blackbaud to overhaul cybersecurity practices
Blackbaud Inc., a publicly traded software maker that experienced a large-scale data breach in 2020, has agreed to settle a lawsuit that the Federal Trade Commission brought over the incident. The FTC announced the agreement on Thursday. Under the terms of the settlement, Blackbaud will be required to overhaul its cybersecurity program. Additionally, the FTC ...
Amazon debuts AI-powered Rufus shopping assistant
Amazon.com Inc. today introduced a new chatbot, dubbed Rufus, that will help online shoppers browse products and decide which ones to buy. The chatbot is the latest in a series of artificial intelligence features that the company has introduced for its e-commerce marketplace. Previously, Amazon added an AI tool that can automatically summarize the user-submitted ...
CISA instructs federal agencies to disconnect deployments of vulnerable Ivanti products
The U.S. Cybersecurity and Infrastructure Security Agency has instructed federal agencies to disable their deployments of two Ivanti Inc. products that contain vulnerabilities. In a directive issued on Wednesday, CISA stated that administrators must take the affected deployments offline by Saturday. Separately, Ivanti today released a patch for some versions of the vulnerable products. The ...
DataSnipper nabs $100M for its AI-powered accounting automation platform
DataSnipper NV, a startup using artificial intelligence to make accounting professionals more productive, today announced that it has closed a $100 million funding round led by Index Ventures. The investment values the Amsterdam-based software maker at $1 billion. It follows a year in which DataSnipper doubled both its revenue and customer base. According to the ...
US disrupts botnet operated by Chinese state-sponsored hacking group
The U.S. government has disrupted a botnet, or network of malware-laden devices, that was used by a Chinese state-sponsored hacking group to disguise its activities. The Justice Department announced the operation this morning. Also today, several senior U.S. officials testified before Congress on China-backed hacking activities targeting critical infrastructure. “The Justice Department has disrupted a ...
Pathlight rebrands as Echo AI and debuts new marketing automation features
Customer engagement startup Pathlight today rebranded as Echo AI and introduced new features for its flagship software platform. The company, which is incorporated as TTSF Inc., is backed by $35 million in funding from Kleiner Perkins and other investors. It provides a platform that uses artificial intelligence to find areas for improvement in call center ...
Shares of Extreme Networks tumble 16%+ on mixed earnings
Extreme Networks Inc. today reported fiscal second-quarter sales that topped the consensus estimate, but its adjusted earnings per share fell short of expectations. The results sent the company’s shares tumbling more than 16% on the Nasdaq. San Jose, California-based Extreme Networks makes switches, Wi-Fi access points for offices and other networking equipment. It also sells ...
Codeium reels in $65M for its AI-powered coding platform
Codeium Inc., a startup with a developer productivity platform powered by large language models, today announced that it has secured a $65 million Series B funding round. Kleiner Perkins led the investment with participation from General Catalyst and returning backer Greenoaks. According to Bloomberg, the raise values Codeium at $500 million. The company will use ...
Commvault shares jump on expectation-topping quarterly results
Shares of Commvault Systems Inc. jumped more than 7% today after the company reported better-than-expected revenue and earnings for its fiscal third quarter. Tinton Falls, New Jersey-based Commvault sells a popular suite of data protection tools. Enterprises can use the company’s software to create backups of their business information, as well as restore those backups ...