Maria Deutscher
Latest from Maria Deutscher
CoreWeave Inc. is holding talks about a new funding round that could value it at $16 billion, Bloomberg reported today. That sum is more than double what the company was worth in December and would represent an eightfold increase over its April …
Apple reportedly cancels internal effort to develop custom microLED displays
Apple Inc. has reportedly canceled an internal effort to develop microLED screens, which offer better display quality than competing technologies and are less susceptible to certain malfunctions. Bloomberg reported the move today, citing people familiar with the matter. Apple reportedly scrapped the …
Foundry launches with $80M in funding to build an AI-optimized public cloud
Foundry Technologies Inc., the operator of a cloud platform optimized for artificial intelligence workloads, launched today with $80 million in funding. Fortune reported that Lightspeed Venture Partners and Sequoia Capital led the investment. They were joined by more than a dozen other …
Microsoft debuts enterprise-focused Surface Pro 10 and Surface Laptop 6
Microsoft Corp. today debuted the Surface Pro 10 for Business and the Surface Laptop 6 for Business, the two latest additions to its line of enterprise-focused Windows computers. The devices feature not only improved specifications but also new software. Workers can use …
Redis acquires storage engine startup Speedb to enhance its open-source database
Redis Ltd. has acquired Speedb Ltd., the developer of a storage engine it uses to power its commercial database offerings. The company didn’t disclose the financial terms in its announcement of the deal today. Tel Aviv-based Speedb previously raised $4 million through …
IPO winter ending? Astera Labs and Reddit surge in stock trading debuts
Updated: The tech industry’s first major public offering of the year exceeded expectations today, while the second priced at the top end of its target range to raise more than $500 million. Astera Labs Inc., a supplier of chips for cloud data …
Three of Stable Diffusion’s original developers reportedly leave Stability AI
Three members of Stability AI Ltd.’s research team have reportedly left the well-funded artificial intelligence startup. Sifted and Forbes reported the development today, citing people familiar with the matter. Stability AI confirmed one of the three researchers’ departure. The news comes only …
Intel wins $19.5B in CHIPS Act funding and loans for fab network expansion
Intel Corp. is poised to receive as much as $19.5 billion in federal funding and loans to expand its domestic chipmaking infrastructure. The Commerce Department will provide the financing through a preliminary, nonbinding memorandum of terms that officials announced today. Under the …
Databricks acquires AI dataset management startup Lilac
Databricks Inc. has acquired Lilac AI Inc., a startup with a tool that helps developers manage the text datasets they use in artificial intelligence projects. The companies announced the deal today without disclosing the financial terms. Boston-based Lilac AI was founded by …
Data security startup BigID valued at $1B+ following $60M round
BigID Inc., a startup that helps enterprises ensure their data is stored securely, has raised $60 million in fresh funding at a valuation exceeding $1 billion. The company detailed in its announcement of the round on Monday that Riverwood Capital was the …