Maria Deutscher
Latest from Maria Deutscher
Openly raises $100M for its AI-powered homeowners insurance platform
Openly LLC, a startup that uses artificial intelligence to generate homeowners insurance quotes, has raised $100 million to accelerate its growth plans. Boston-based Openly announced the funding round on Thursday. The round was led by Eden Global Partners with participation from Alphabet Inc.’s Gradient Ventures fund, which invests in AI companies, and several other institutional ...
Amazon to invest up to $4B in generative AI developer Anthropic
Amazon.com Inc. will invest up to $4 billion in Anthropic, the San Francisco-based startup behind the Claude 2 large language model. The companies announced the investment this morning. The deal comes as Anthropic reportedly gears up to develop a highly advanced foundation model, Claude Next, that could be too hardware-intensive for even the world’s fastest ...
EU fines Intel €376M in connection with 2007 antitrust case
The European Union has fined Intel Corp. €376.36 million in connection with an antitrust case that traces its roots to 2007. The European Commission, the EU’s executive branch, announced the decision today. The antitrust case that led to the fine relates to Intel’s business practices in the personal computer processor market. In 2007, EU officials ...
Microsoft’s Activision Blizzard acquisition wins tentative green light in the UK
After blocking Microsoft Corp.’s acquisition of Activision Blizzard Inc. earlier this year, the U.K.’s antitrust regulator has tentatively determined the deal can go ahead. The Competition and Markets Authority, or CMA, announced its decision today. The regulator’s reversal comes a few weeks after Microsoft proposed a series of major changes to the acquisition terms. Those ...
Harness debuts new code management tools for its software delivery platform
Harness Inc., a well-funded startup that helps developers release code to production faster, today introduced four new tools for its namesake software platform. The company also debuted an open-source project called Gitness. It’s a code hosting platform that Harness positions as an alternative to GitHub. Gitness powers one of the four tools it introduced for ...
Google reaffirms Broadcom chip partnership after report claims it may end TPU AI chip deal
Shares of Broadcom Inc. briefly declined by more than 4% this morning after a report claimed its lucrative chip partnership with Google LLC might be scaled back in the coming years. The chipmaker’s stock recouped about half of its losses later in the trading session. The reason is that Google issued a statement reaffirming the ...
Report: Palo Alto Networks could buy secure browser maker Talon for $600M
Palo Alto Networks Inc. is reportedly holding talks to buy Talon Cyber Security Ltd., the developer of a secure browser designed for enterprises. Calcalist reported the negotiations on Thursday. The deal, if it happens, is expected to value Talon at $600 million. The acquisition talks are said to be at an advanced stage. Tel Aviv-based ...
OpenAI debuts new DALL-E 3 AI image generator
OpenAI LP today introduced DALL-E 3, an artificial intelligence model that can generate images based on natural language prompts. The model is the latest addition to a series of image-generating neural networks that the company first introduced in 2021. Compared with its predecessors, DALL-E 3 can generate higher-quality images. OpenAI says that the AI is ...
Klaviyo shares close up 9% in trading debut after $576M IPO
Shares of Klaviyo Inc. rose more than 8% in their trading debut this morning, valuing the marketing software provider at about $10 billion. The positive market reception bodes well for software-as-a-service companies that have been stymied from going public by a dead market for initial public offering. The company’s IPO the day prior saw investors ...
Intel, Samsung and other chipmakers back new accelerator programming initiative
The Linux Foundation has launched a new industry group, the UXL Foundation, to ease the task of writing applications that can run well on multiple types of accelerator chips. The initiative was announced on Tuesday at an industry event in Spain. The UXL Foundation is launching with backing from several of the biggest players in ...