Maria Deutscher
Latest from Maria Deutscher
New York sues the developers of the Gemini Earn crypto lending service
New York Attorney General Letitia James today sued the three companies behind Gemini Earn for allegedly defrauding investors. The companies in question are Gemini Trust Company LLC, Genesis Global Capital LLC and the latter firm’s parent organization, DCG Inc. Former Gemini Chief Executive Soichiro Moro and current DCG head Barry Silbert are also named as ...
TSMC posts quarterly profit and revenue declines but tops expectations
Shares of Taiwan Semiconductor Manufacturing Co. rose slightly today after it posted third-quarter profits and revenue that topped analyst expectations. TSMC’s upbeat 2024 outlook was likely also a factor behind its stock market gains. According to Reuters, Chief Executive Officer C. C. Wei told investors that the company is expecting a “healthy growth year.” TSMC ...
Gartner: Worldwide IT spending will top $5 trillion in 2024, up 8% over 2023
Worldwide technology spending will surpass $5 trillion for the first time in 2024, up 8% over this year, according to new Gartner Inc. research published today. Gartner releases a forecast of the coming year’s information technology spending levels every October. According to the research firm, its projections draw on data from more than 1,000 IT ...
OpenAI updates ChatGPT with Bing and DALL-E 3 integrations
OpenAI LP has added new features to its ChatGPT chatbot that will enable users to search the web with Bing and generate images. The Bing integration moved from beta into general availability on Tuesday. The new image generation capability, in turn, rolled out on Monday and is based on an artificial intelligence tool called DALL-E ...
Chip equipment supplier ASML shares slide on mixed sales forecast
ASML Holding NV, a major equipment supplier to the chip industry, today posted mixed third-quarter earnings and a 2024 sales forecast that fell short of analyst expectations. Shares of the Netherlands-based company dropped more than 4.5% on the results. ASML is the world’s top maker of lithography machines, which use light beams to carve transistors into ...
Juniper Networks debuts new firewalls and cybersecurity software
Juniper Networks Inc. today introduced new firewall appliances and software tools designed to help companies more effectively secure their infrastructure. NYSE-listed Juniper is a major provider of networking equipment. It sells routers, switches and related hardware products along with software for managing those systems. The company generated $1.43 billion in revenue last quarter, a 13% ...
Ampere and other chipmakers form AI Platform Alliance
More than a half-dozen chipmakers are joining forces to launch the AI Platform Alliance, a consortium focused on supporting the development of artificial intelligence hardware. The move was announced today by Ampere Computing LLC, which is leading the effort. Ampere is a well-funded developer of central processing units. The company’s customers include Google LLC and ...
US places new restrictions on AI chip exports to China
The U.S. Commerce Department today introduced new rules designed to restrict the sale of advanced artificial intelligence chips to buyers in China. The rules expand upon an existing set of chip-focused export controls that were implemented last year. Under the expanded regulation, more types of AI chips are subject to export restrictions. As part of the move, ...
Qualcomm and Google launch RISC-V wearables chip collaboration
Qualcomm Inc. and Google LLC today announced that they’re teaming up to develop RISC-V processors for wearable devices. The initiative comes less than a month after the search giant hosted the latest installment of its Made by Google product event. At the event, the Alphabet Inc. unit debuted two new additions to its Pixel line ...
Flatfile acquires AI startup ChatCSV to enhance its data import platform
Flatfile Inc. has acquired ChatCSV Inc., a startup with a platform that enables users to analyze the data in a spreadsheet with natural language questions. The acquisition was announced this morning. The companies didn’t disclose the financial terms. Denver-based Flatfile is backed by more than $94 million in funding from Alphabet Inc.’s Gradient Ventures fund, ...