Maria Deutscher
Latest from Maria Deutscher
Mastercard acquires threat intelligence provider Recorded Future for $2.65B
Mastercard Inc. today announced plans to acquire Recorded Future Inc., the world’s largest provider of information about hacker activities. The $2.65 billion deal likely represents a sizable return for Insight Partners, which spent $780 million five years ago to buy a controlling interest in Recorded Future. At the time, the cybersecurity provider had more than 400 ...
OpenAI reportedly seeking $6.5B investment at $150B valuation
OpenAI is seeking to raise $6.5 billion from investors at a $150 billion pre-money valuation, Bloomberg reported today. The report comes about two weeks after rumors first emerged that the ChatGPT developer is in talks for a new multibillion-dollar funding round. At the time, sources told CNBC that OpenAI was eyeing a valuation of “more than ...
Meta confirms it scrapes Australian users’ posts for AI training without opt-out option
Meta Platforms Inc. is scraping Australian users’ Facebook and Instagram posts without providing an opt-out option, the company acknowledged today. Melinda Claybaugh, Meta’s global privacy director, detailed the practice during a hearing before the Australian Senate. The executive stated that the company uses the public posts of adult users in Australia to train artificial intelligence ...
Oracle to offer ‘world’s first’ zettascale AI cluster via its public cloud
Oracle Corp. plans to equip its public cloud with what it describes as the world’s first zettascale computing cluster. The cluster, which the company previewed today at its Oracle CloudWorld conference, will provide up to 2.4 zettaflops of performance for artificial intelligence workloads. One zettaflop equals a trillion billion computing operations per second. The speed ...
ServiceNow debuts array of new AI features for its platform
ServiceNow Inc. today introduced a raft of new artificial intelligence features designed to help enterprises make their employees more productive. NYSE-listed ServiceNow provides a popular cloud platform, the Now Platform, that companies rely on to deliver services. It can be used to provide, among others, customer support to buyers and onboarding assistance to new hires. ...
Autonomous driving startup Forterra closes $75M investment
Forterra, a supplier of autonomous driving technology for military and commercial vehicles, today announced that it has closed a $75 million Series B investment. The startup says that it secured more than two and a half times the sum it had originally set out to raise. Moore Strategic Ventures, XYZ Venture Capital and Hedosophia led ...
EU’s top court rules against Apple, Google in multibillion-dollar cases
The European Union’s top court has ruled against Apple Inc. and Google LLC in a pair of cases that focused on their tax and e-commerce practices, respectively. The Apple case revolved around the effective tax rate that applied to the company in Ireland until 2014. Google, in turn, turned to the European Court of Justice, ...
AMD reveals plans to unify its data center and consumer GPU architectures
Advanced Micro Devices Inc. will unify the architectures that power its data center and consumer graphics cards. Jack Huynh, the executive who leads the AMD unit that develops the chips, disclosed the plan in a Tom’s Hardware interview published today. AMD offers two sets of graphics processing units. The first product line, which targets the ...
Progress to acquire file sharing provider ShareFile for $875M
Progress Software Corp. has inked a $875 million deal to acquire ShareFile Inc., the developer of a popular file sharing platform for enterprises. The companies announced the deal today. Progress plans to finance the transaction with a combination of cash on hand and funds drawn from an existing revolving credit facility. Burlington, Massachusetts-based Progress sells ...
Japanese chip fab startup Rapidus reportedly seeking $700M investment
Rapidus Corp., a startup building a two-nanometer chip fab in Japan, is reportedly seeking new funding to support its construction efforts. Bloomberg today cited sources as saying that the Tokyo-based company is looking to raise 100 billion yen, or about $700 million, from investors. Rapid reportedly hopes to secure four-fifths of the sum from its ...