Maria Deutscher
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Apple reportedly switches to less ambitious development roadmap for its electric car
Apple Inc.’s long-rumored electric car will launch later than originally planned and with a more limited feature set, Bloomberg reported today. Reports that the company is working on an electric vehicle first emerged in 2015. That year, the Wall Street Journal reported that Apple had assigned hundreds of engineers to work on a project codenamed ...
Docker debuts Docker Cloud Build to speed up container application projects
Docker Inc. today introduced a new cloud service, Docker Build Cloud, that promises to speed up the development of containerized applications. The offering will complement the other tools that the company offers to streamline such software projects. One product, Docker Engine, eases the task of packaging an application’s code files and related components into a ...
Fast-growing cybersecurity startups Silverfort and Torq raise new funding
Silverfort Ltd. and Torq Technologies Ltd., two cybersecurity startups that logged triple-digit revenue growth last year, have raised fresh capital to continue their sales momentum. The companies announced their respective funding rounds today. Tel Aviv- and Boston-based Silverfort provides software that helps enterprises protect employee accounts from hacking attempts. New York-based Torq offers a platform ...
Report: Alphabet’s X lab letting go dozens of employees as part of restructuring
Alphabet Inc.’s X research lab, which incubated Waymo and the Wing delivery drone venture, is reportedly letting go of dozens of employees. Bloomberg reported the job cuts today, citing people familiar with the matter and an internal memo. The move is believed to be part of a restructuring effort focused on streamlining the process through ...
Crypto company Terraform Labs files for bankruptcy amid SEC litigation
Cryptocurrency company Terraform Labs Pte Ltd., which is facing fraud charges from the U.S. Securities and Exchange Commission, has filed for bankruptcy in Delaware. TechCrunch reported the move today, citing court documents submitted on Sunday. Terraform’s Chapter 11 paperwork specifies that the value of its assets and liabilities ranges from $100 million to $500 million. ...
AI-generated speech startup ElevenLabs raises $80M in fresh funding
ElevenLabs, the developer of a synthetic voice platform used by more than 40% of the Fortune 500, today announced that it has raised $80 million from a group of prominent investors. The Series B raise was led by Andreessen Horowitz, former GitHub Chief Executive Nat Friedman and startup investor Daniel Gross. ElevenLabs says Sequoia Capital ...
OpenAI CEO Sam Altman reportedly seeking to raise billions for chip fab venture
OpenAI Chief Executive Sam Altman is seeking to raise billions of dollars for a new chip manufacturing venture, Bloomberg reported today. Reports of the project first emerged last year. However, the scope of the undertaking was unclear. Today’s report indicates that Altman hopes to establish the venture as a major player in the semiconductor market ...
Report: OpenAI rival Cohere could raise up to $1B in fresh funding
Cohere Inc., a large language model startup, is holding talks with investors to raise between $500 million and $1 billion in fresh funding. The Financial Times reported the discussions today, citing people familiar with the matter. The investment is expected to give Cohere a “significantly higher” valuation than the $2.2 billion it was worth after ...
AWS will invest $15B+ in Japan to expand its local data center footprint
Amazon Web Services Inc. will invest 2.26 trillion yen, or about $15.24 billion, in Japan through 2027 to expand its local data center network. The cloud giant announced the project today during a news conference in Tokyo. The investment is worth significantly more than the 1.51 trillion yen AWS spent on its Japanese data centers ...
TSMC’s $40B fab construction project in Arizona expected to face additional delays
Taiwan Semiconductor Manufacturing Co.’s plan to build two fabs in Arizona for $40 billion could face more delays, company executives revealed during a news conference today. Three years ago, TSMC set aside $12 billion to build a single chip plant in Arizona. The following year, the company more than tripled the project’s budget to $40 ...