Maria Deutscher
Latest from Maria Deutscher
IBM debuts new servers based on custom Power11 processor
IBM Corp. today introduced a new line of servers, the Power11 series, based on a custom processor of the same name. The product family will include four machines on launch. IBM will also offer access to the Power11 chip via its public cloud. According to the company, customers can expect up to 55% better core ...
Apple appeals €500M EU fine over App Store policies
Apple Inc. today appealed a €500 million fine that it had received in the European Union last year over the App Store’s terms of service. The company filed the challenge with the General Court, the bloc’s second highest court. EU officials fined Apple last April under a piece of legislation called the DMA, or Digital Markets Act. ...
CoreWeave to acquire data center builder Core Scientific for $9B in stock
Confirming recent rumors, cloud operator CoreWeave Inc. today announced plans to buy data center builder Core Scientific Inc. for $9 billion in stock. Shares of both companies declined on the news. Core Scientific launched in 2017 to build data centers optimized for cryptocurrency mining. It went public in 2022 through a merger with a special ...
Tesla shares plunge amid investor concerns over Trump-Musk feud
Shares of Tesla Inc. declined more than 7% today after U.S. President Donald Trump criticized Elon Musk’s plan to launch a new political party. The selloff appears to reflect investor concerns that the feud could negatively affect the automaker’s prospects. In a research note, stock trading company Saxo Markets reportedly highlighted two potential sources of ...
Customer support automation startup Wonderful raises $34M
Wonderful Ltd., a startup that provides artificial intelligence agents optimized for customer support, has raised $34 million in funding. The company disclosed the investment on Wednesday. Index Ventures led the seed round with participation from Bessemer Venture Partners and Vine Ventures. There are numerous tools on the market that use AI to answer customer support ...
Publisher group files EU antitrust complaint against Google over AI Overviews
An industry group that represents publishers has filed an antitrust complaint against Google LLC in the European Union. Reuters reported the development today. The Independent Publishers Alliance, the group behind the antitrust push, submitted its complaint to the European Commission on June 30. The document also has two other signatories. They are The Movement for ...
TSMC reportedly accelerates investment in Arizona chip complex as Samsung delays Texas fab
Taiwan Semiconductor Manufacturing Co. and Samsung Electronics Co. are taking their U.S. fab operations in different directions, according to two new reports. The Wall Street Journal today cited sources as saying that TSMC is accelerating investments in its Arizona fab complex. Samsung, meanwhile, is reportedly delaying the completion of a chip factory in Texas. The ...
Safe Superintelligence CEO Daniel Gross joins Meta’s new AI lab
Meta Platforms Inc. has hired prominent artificial intelligence executive Daniel Gross and may reportedly buy a stake in his venture capital firm. Until last week, Gross (pictured) was chief executive of Safe Superintelligence Inc., a well-funded AI startup. He co-founded the company last year with former OpenAI researchers Ilya Sutskever and Daniel Levy. Sutskever revealed ...
Low-power chip supplier Ambiq Micro files to go public
Ambiq Micro Inc., a company that makes power-efficient processors for connected devices, today filed to go public. The chipmaker didn’t disclose how much capital it hopes to raise or at what valuation. Ambiq plans to list its shares on the New York Stock Exchange under the ticker symbol “AMBQ.” In its IPO filing, the company ...
Qedma raises $26M for its quantum error correction software
Qedma Ltd., a startup working to make quantum computers more reliable, today announced that it has raised $26 million in early-stage funding. Glilot Capital Partners led the Series A round. It was joined by IBM Corp., Korean Investment Partners, TPY Capital and others. Theoretically, qubits can process data exponentially faster than traditional transistors. In practice, ...