Maria Deutscher
Latest from Maria Deutscher
Stanford study finds AI has reduced availability of entry-level programming jobs
A new Stanford University study suggests that the number of entry-level programming jobs in the U.S. has declined significantly since the launch of ChatGPT. The paper was published today by three economists at the university’s Digital Economy Lab. It’s based on employment data provided by Automatic Data Processing Inc., better known as ADP. The researchers ...
Elon Musk’s xAI sues Apple and OpenAI over alleged anticompetitive practices
Elon Musk’s xAI Holdings Corp. today sued Apple Inc. and OpenAI for allegedly engaging in anticompetitive practices. The move comes a few weeks after Musk previewed the complaint in a post on X. He accused Apple of breaching antitrust rules by making it impossible for OpenAI competitors to top the App Store’s ranking of the most ...
Intel warns of potential business risks related to US government’s investment
The U.S. government’s plan to take a stake in Intel Corp. could have “adverse consequences,” the chipmaker warned today. The company detailed the potential business risks in a filing with the U.S. Securities and Exchange Commission. Last year, Intel won more than $7.8 billion in federal funding under the CHIPS Act. It also secured $3.2 ...
Thoma Bravo to acquire contact center software provider Verint for $2B
Thoma Bravo is acquiring Verint Systems Inc., a provider of contact center automation software, for $2 billion including debt. The announcement of the deal today came less a week after the private equity firm’s previous acquisition. On Thursday, Thoma Bravo agreed to purchase workforce management software provider Dayforce Inc. for $12.3 billion. Nasdaq-listed Verint counts ...
SASE provider Netskope files to go public
Cybersecurity and connectivity provider Netskope Inc. today filed paperwork for an initial public offering. The company didn’t disclose the sum that it hopes to raise or its target valuation. Netskope was valued at $7.5 billion following its most recent funding round, a $300 million investment that closed in 2021. The software maker has raised more ...
Trump says US government will take 10% stake in Intel
U.S. President Donald Trump today announced that the federal government will receive Intel Corp. shares in exchange for the CHIPS Act financing the company won last year. Trump detailed the deal, which confirms recent media reports, during a White House press briefing. He told attendees the U.S. government will take a 10% stake in Intel. ...
Meta reportedly inks $10B+ cloud deal with Google
Meta Platforms Inc. has reportedly signed a cloud deal with Google LLC that will be worth more than $10 billion over six years. Sources told Reuters on Thursday that the agreement encompasses servers, storage, networking and “other services.” The deal comes weeks after Meta announced plans to spend hundreds of billions of dollars on artificial ...
AI’s power drain: Google details Gemini apps’ environmental footprint in new paper
Google LLC has released technical data about the environment footprint of its Gemini artificial intelligence apps. The company shared the information in a paper published today. According to Google, the median text prompt to a Gemini app uses 0.24Wh, or 0.24 watt-hours, of energy. That’s enough to power a highly efficient lightbulb for more than a ...
Nvidia, Uber join $97M investment in autonomous driving startup Nuro
Autonomous driving startup Nuro Inc. today announced that it has raised $97 million in funding to support its commercialization efforts. The investment included the participation of Nvidia Corp., Uber Technologies Inc., Baillie Gifford and other institutional investors. It came as an extension to a $106 million Series E round that Nuro first announced in April. ...
Thoma Bravo to take HR software provider Dayforce private for $12.3B
Dayforce Inc. today announced that it has agreed to be acquired by private equity firm Thoma Bravo for $12.3 billion. The deal values the human resources software provider at $70 per share. That’s 32% higher than its closing price on Friday, the last trading day before a Bloomberg report revealed an acquisition was in the ...