Maria Deutscher
Latest from Maria Deutscher
Arm will seek to raise $4.7B+ in its upcoming IPO
Arm Holdings plc hopes to raise as much as $4.87 billion in its upcoming public offering on the NYSE. The U.K.-based chip designer confidentiality submitted its IPO filing in April and publicly released the document last month. In an updated version of the paperwork filed today, Arm shared more details about its stock market plans. ...
Microsoft to discontinue the default WordPad word processor in Windows
Microsoft Corp. plans to phase out WordPad, the free word processor that has shipped with Windows for the past 28 years. The company disclosed the move in a support note released on Friday. “WordPad is no longer being updated and will be removed in a future release of Windows,” Microsoft stated in the brief announcement. ...
Walmart makes $3.5B investment in India’s Flipkart
Walmart Inc. has purchased $3.5 billion worth of shares in Flipkart Pvt. Ltd., India’s largest e-commerce marketplace operator. Walmart disclosed the investment in a Friday filing with the U.S. Securities and Exchange Commission. It bought the Flipkart shares during the six months ended July 31. On July 30, the Wall Street Journal reported that Walmart ...
Rubrik reportedly could go public by year’s end
Data protection provider Rubrik Inc. could hold its initial public offering as soon as this year, Bloomberg reported today. Rumors of a Rubrik IPO have been swirling for some time. In June, Reuters cited sources as saying that the company may go public in 2024 if the IPO market “becomes more welcoming.” Since that report, ...
Malwarebytes lays off 100+ workers ahead of planned company split
Cybersecurity provider Malwarebytes Inc. has laid off more than 100 workers amid a restructuring initiative that will see it split into two companies. TechCrunch first reported the move on Thursday, citing a former Malwarebytes employee. Marcin Kleczynski, the company’s chief executive, confirmed the layoffs to the publication. He said that between 100 and 110 workers ...
Multiple LogicMonitor users reportedly hacked because of weak default passwords
Multiple companies that use LogicMonitor Inc.’s observability platform have been hit with ransomware because of weak default passwords in the software, according to two new reports. BleepingComputer and TechCrunch reported the hacking campaign on Thursday, citing sources familiar with the matter. TechCrunch’s source is described as a person affiliated with a “company that was impacted ...
Floworks raises $1.5M in seed funding for its generative AI work assistant
Floworks Technologies Inc., a startup with a chatbot designed to make knowledge workers more productive, today disclosed that it has raised $1.5 million in seed funding. TechCrunch reported that Y Combinator and Sense AI, a fund focused on backing artificial intelligence companies, jointly led the round. Several other institutional investors participated as well. Floworks’ flagship ...
Meta releases FACET dataset for evaluating AI fairness
Meta Platforms Inc. today released FACET, a benchmark dataset designed to help researchers audit computer vision models for bias. The company is rolling out FACET alongside an update to its open-source DINOv2 toolkit. Originally introduced in April, DINOv2 is a collection of artificial intelligence models designed to ease computer vision projects. Thanks to today’s update, DINOv2 ...
Microsoft to unbundle Teams from Office in Europe amid antitrust probe
Microsoft Corp. is changing how it sells its Teams videoconferencing and messaging service in Europe to address antitrust concerns raised by regional regulators. Nanna-Louise Linde, Microsoft’s vice president for European government affairs, announced the move in a blog post today. The changes to Teams will go into effect on Oct. 1. Microsoft currently sells Teams ...
IBM and Salesforce launch new AI collaboration
IBM Corp. and Salesforce Inc. today announced a partnership focused on helping organizations adopt Salesforce’s artificial intelligence services. In March, Salesforce debuted a suite of generative AI tools called Einstein GPT. The suite is designed to automate business tasks such as creating marketing emails and answering customer support inquiries. Moreover, it includes a large language ...