Maria Deutscher
Latest from Maria Deutscher
IBM launches $500M fund to invest in enterprise AI startups
IBM Corp. today debuted a new corporate investment vehicle, the Enterprise AI Venture Fund, through which it plans to back startups building enterprise-focused artificial intelligence products. The move comes as other tech giants also ramp up their investments in the AI startup ecosystem. A few weeks ago, large language model developer Anthropic PBC secured funding rounds ...
Shares of GlobalFoundries and NXP rise on better-than-expected quarterly profits
Shares of chipmakers GlobalFoundries Inc. and NXP Semiconductors NV rose today after they posted third-quarter profit numbers that topped analyst expectations. Both companies generate the bulk of their revenue by supplying processors for three industries: the automobile, mobile device and internet of things segments. However, their business models diverge significantly. GlobalFoundries makes chips based on ...
Datadog shares jump 29% on strong quarterly results and upgraded guidance
Shares of Datadog Inc. jumped more than 29% today after it posted third-quarter results that handily topped the consensus analyst estimate. The company also raised its full-year guidance, which was likely another contributor to its stock market gains. Datadog now expects to close fiscal 2023 with revenues of between $2.103 billion and $2.107 billion, up ...
HPE, SAP back $500M+ funding round for language model developer Aleph Alpha
Aleph Alpha GmbH, a German startup focused on developing large language models, today announced that it has closed a Series B funding round worth more than $500 million. Bosch Ventures jointly led the investment with Ipai and Schwarz Group. Ipai operates an artificial intelligence-focused business park in the German city of Heilbronn, while the Schwartz ...
OpenAI debuts AI customization features and GPT-4 Turbo
OpenAI LP is rolling out a new tool that will enable users to customize ChatGPT for specific tasks without writing any code. The tool made its debut at the company’s first annual DevDay developer conference, which took place today in San Francisco. At the event, OpenAI also introduced an enhanced version of the GPT-4 language ...
01.AI, led by AI pioneer Kai-Fu Lee, achieves $1B+ valuation in eight months
01.AI, a Chinese startup led by artificial intelligence researcher and investor Kai-Fu Lee, has received a valuation of more than $1 billion less than a year after launching. Bloomberg reported the milestone on Sunday. Lee told the publication that 01.AI achieved the unicorn valuation after raising funding from Alibaba Group Holding Ltd’s cloud unit and ...
Okta reveals hackers accessed 134 customers’ data in support system breach
Okta Inc. today disclosed that hackers had stolen 134 of its customers’ data, and launched cyberattacks against five, following a breach of its technical support system. Nasdaq-listed Okta provides a cloud platform that companies use to process login requests to their applications. The platform also eases related tasks such as managing user account data. Okta ...
UK antitrust regulator ends e-commerce probes into Amazon and Meta
The U.K.’s antitrust regulator has closed its probes into the e-commerce practices of Amazon.com Inc. and Meta Platforms Inc. after the companies made commitments to address its concerns. The Competition and Markets Authority, or CMA, announced the development today. Third-party merchants The CMA probe into Amazon’s retail practices began last July. It focused on the ...
Microsoft launches internal initiative to make its products more secure
Microsoft Corp. today announced the Secure Future Initiative, a broad internal effort aimed at increasing the security of its products. The first goal of the project is to reduce the chance that code vulnerabilities will find their way into the company’s software. Additionally, Microsoft is seeking to speed up remediation in cases when a security ...
Palantir shares jump on expectation-topping earnings and raised guidance
Shares of Palantir Technologies Inc. jumped more than 20% today after it posted third-quarter revenue and earnings that topped analyst expectations. Palantir launched in 2003 to provide software for the intelligence community. Its flagship product, Gotham, is used by government agencies to collect and analyze data from multiple sources. Over the years, it has also ...