Maria Deutscher
Latest from Maria Deutscher
Apple proposes Apple Watch redesign to avoid import ban
Apple Inc. may redesign the Apple Watch Series 9 and Watch Ultra 2 to avoid an import ban that could prevent it from selling the two devices in the U.S. The development was disclosed today in a court filing spotted by 9to5Mac. The import ban on the latest Apple Watch models stems from a lawsuit ...
Samsung, SK hynix to build $471B chip hub in South Korea
Samsung Electronics Co. Ltd. and memory maker SK hynix Inc. will spend 622 trillion won, or about $471 billion, to establish a new chip hub in South Korea. Bloomberg reported the plan today. Samsung is expected to provide about 80% of the capital earmarked for the project, or 500 trillion won, while SK hynix will ...
SoftwareOne rebuffs $3.5B takeover offer from Bain Capital
SoftwareOne Holdings AG, a Swiss provider of business software and related professional services, has rejected a $3.5 billion acquisition offer from Bain Capital. The company announced the decision today. Its board unanimously determined that Bain Capital’s offer “neither provides sufficient certainty nor adequately reflects the fundamental value of SoftwareOne.” The company’s shares dropped more than ...
Report: Bain Capital and Hellman & Friedman are competing to buy DocuSign
Shares of DocuSign Inc. rose more than 3.9% today on a report that the electronic signature giant has drawn takeover interest from Bain Capital and Hellman & Friedman. The share price increase follows a 8.5% gain on Thursday, the day Reuters reported the bidding contest. Sources told the news agency that Bain Capital and Hellman ...
Data protection provider Veeam reportedly lays off 300 employees
Less than a year after letting go 200 employees, data protection provider Veeam Software Corp. has reportedly axed an additional 300 positions. Blocks and Files reported the workforce reduction today, citing a LinkedIn post from a former senior campaign account manager at Veeam. The company acknowledged the layoffs in a statement without confirming the number ...
CI/CD startup Harness acquires venture-backed rival Armory
Harness Inc., a well-funded developer productivity startup, today announced that it has acquired the assets of competitor Armory Inc. TechCrunch reported that the all-cash deal is worth about $7 million. Armory previously raised more than $82 million in funding from Y Combinator, Insight Partners and other institutional investors. “We view this acquisition as a testament ...
Humanoid robot startup 1X raises $100M to move into the consumer market
Robotics startup 1X today announced that it has raised $100 million from Samsung Next, EQT Ventures and other institutional investors. The Series B round also included a secondary sale involving returning backer Sandwater. The Oslo-based investment firm previously participated in 1X’s Series A raise last March, which also included contributions from the OpenAI Startup Fund ...
Google lays off hundreds of employees across Google Assistant unit, other divisions
Google LLC is laying off employees at the business units that develop its knowledge and information products, consumer hardware and Google Assistant service. Word of the restructuring first emerged late Wednesday. Today, Google told The Verge that it’s letting go a “few hundred” workers at each of the affected business units. The publication estimates that ...
SAP will pay $220M+ to settle bribery charges brought by Justice Department, SEC
SAP SE will pay more than $220 million to settle bribery charges brought against it by the Justice Department and the Securities and Exchange Commission. The Justice Department announced the agreement today. According to officials, SAP and its co-conspirators ran bribery schemes in more than a half-dozen countries to increase the company’s chances of winning ...
OpenAI launches GPT Store for custom chatbots and new ChatGPT subscription
OpenAI today launched the GPT Store, a marketplace through which customers can access custom versions of ChatGPT created by other users. The artificial intelligence developer also introduced a new paid tier of the chatbot. ChatGPT Team, as the offering is called, is geared toward organizations and will be available starting at $25 per user per ...