Maria Deutscher
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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, ...
Microsoft cuts 9,000 jobs in latest round of layoffs
Microsoft Corp. today launched a round of job cuts that is expected to affect 9,000 employees, or about 4% of its workforce. CNBC reported that the layoffs impact staffers across multiple units, experience levels and locations. Those locations include Microsoft’s home state of Washington. According to a regulatory filing, the company is laying off 830 ...
Bright Data introduces new lineup of AI data tools
Startup Bright Data Ltd. today introduced a suite of software tools designed to help companies collect information from the public web. The first tool, Deep Lookup, lends itself to use cases such as helping salespeople find potential customers. The two other products in the suite are geared toward artificial intelligence developers. They make it easier ...
HPE closes $14B Juniper acquisition following regulatory approval
Hewlett Packard Enterprise Co. has closed its acquisition of Juniper Networks Inc. more than a year after signing the $14 billion deal. The companies announced the milestone this morning. A few days earlier, the U.S. Justice Department ended an antitrust lawsuit that sought to block the transaction. “As a result of both teams’ efforts over ...
Grammarly acquires email client developer Superhuman
Grammarly Inc. today announced plans to acquire Superhuman Labs Inc., a venture-backed startup with a popular email client, for an undisclosed amount. San Francisco-based Grammarly provides an artificial intelligence writing assistant of the same name. It can fix spelling and grammatical errors, rewrite sentences and generate new text from scratch. Grammarly says its installed base ...
Elon Musk’s xAI raises $10B to upgrade its AI infrastructure
Elon Musk’s xAI Holdings Corp. has raised $10 billion from investors to finance artificial intelligence initiatives. The deal was announced today by Morgan Stanley, which helped the company raise the funds. The investment comprised $5 billion in equity funding and $5 billion worth of loans. Some of the loans were structured as secured notes, which ...
AI game-changer? Cloudflare lets websites charge AI developers for content access
Cloudflare Inc. today debuted a tool that enables website operators to charge artificial intelligence developers for access to their content. The new pay per crawl feature, as it’s called, is in private beta test. Cloudflare operates a popular content delivery network, or CDN, that website operators use to speed up page loading times. The company ...
Campfire reels in $35M for its AI-powered ERP platform
Campfire Software Inc., a startup with a cloud-based enterprise resource planning platform, today announced that it has raised $35 million in funding. Accel led the Series A investment. It was joined by Y Combinator, Foundation Capital, Capital 49 and a group of angel investors that included multiple chief financial officers from the tech industry. Campfire ...