Maria Deutscher
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PitchBook: Tech giants invested more in generative AI startups than VCs this year
Amazon.com Inc., Microsoft Corp. and Google LLC invested significantly more in generative artificial intelligence startups this year than venture capital firms, according to new PitchBook Inc. research. The market intelligence company’s findings were published today by the Financial Times. PitchBook estimates that generative AI startups raised about $27 billion from investors in 2023. Amazon, Microsoft ...
Intel receives $3.2B grant from Israel’s government to build $25B chip fab
Intel Corp. has received a $3.2 billion grant from the government of Israel to build a new $25 billion chip fab in the country. The company announced the deal today. Under the terms of the agreement, Intel’s tax rate in Israel will increase from 5% today to 7.5%. According to Reuters, the chipmaker received an ...
Microsoft releases free Copilot app for Android
Microsoft Corp. has released an Android app that provides access to its Copilot artificial intelligence assistant at no charge. The app, which is known simply as Microsoft Copilot, became available today. Some observers have speculated that an iOS version could follow suit in the foreseeable future. Consumers can download and use the app without requiring a ...
Apple banned from selling Watch Series 9 and Watch Ultra 2 in the US
Apple Inc. was today banned from selling its Watch Series 9 and Watch Ultra 2 smartwatches in the U.S. The iPhone maker told Reuters it’s appealing the decision. Additionally, Apple has asked a federal court to pause the ban while the appeal process is ongoing. Analysts at investment bank Stifel Institutional reportedly estimate the litigation could ...
Toshiba to expand power management chip production with $175M investment
Toshiba Corp. will spend 125 billion yen, or about $175 million, to expand the production lines it uses to manufacture power management chips. Reuters reported the plan on Friday. Toshiba Chief Executive Officer Taro Shimada detailed the investment during an event marking the company’s recent acquisition by Japan Industrial Partners, a private equity firm. The deal, ...
Iris Software receives private equity investment at £3.15B valuation
Private equity firm Leonard Green & Partners has made an investment in Iris Software Group Ltd. at a valuation of £3.15 billion, or about $4 billion. The London-based business software maker announced the deal on Saturday. It stated that Leonard Green is taking a co-controlling stake alongside existing investor Hg. According to Iris, the transaction ...
Apple reportedly expects to ship 500,000 Vision Pro headsets in 2024
Apple Inc. is expected to ship 500,000 Vision Pro mixed reality headsets in 2024, significantly less than the 1 million the company reportedly targeted as recently as earlier this year. The new prediction comes by way of respected industry analyst Ming-Chi Kuo, who detailed his expectations today. Kuo has a track record of reliably forecasting ...
Report: Pentagon has so far committed only a fraction of its JWCC cloud contract’s $9B budget
The Pentagon has so far committed only a small fraction of the $9 billion it intends to spend on cloud services under its JWCC contract. The Washington Post reported the news today, citing officials and government records. The JWCC, or Joint Warfighting Cloud Capability, contract, is designed to help modernize the U.S. Defense Department’s information ...
Data center operator Arkon Energy nabs $110M in fresh funding
Arkon Energy Pty Ltd., a company that operates data centers powered by renewable energy, has raised $110 million in funding to expand its infrastructure footprint. TechCrunch reported the investment today. It was led by Bluesky Capital Management with participation from Kestrel 0x1 and Nural Capital. The raise brings Arkon’s total outside funding to more than ...
Report: Justice Department expanding Apple antitrust probe over Beeper Mini shutdown
The U.S. Justice Department is expanding its antitrust probe into Apple Inc. over the recent shutdown of an Android messaging app, the New York Times reported today. The app in question, Beeper Mini, launched earlier this month. It enabled Android users to send messages to iPhones without creating an Apple ID account. On the recipient’s iPhone, ...