Maria Deutscher
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Cursor acquires AI code review startup Graphite
Code editor provider Cursor has acquired Graphite, a startup with a tool that helps developers check software updates for bugs before releasing them to production. The companies announced the transaction today. According to Fortune, Cursor plans to finance the transaction with a mix of cash and equity. Graphite previously raised more than $50 million from ...
Palo Alto Networks inks multibillion-dollar AI deal with Google Cloud
Palo Alto Networks Inc. will move some of its most important internal workloads to Google LLC’s cloud platform as part of a partnership announced today. The cybersecurity provider described the project as a multibillion-dollar deal in a press release. According to Reuters, the transaction is worth nearly $10 billion. It comes four months after Google ...
Trump Media to merge with fusion energy startup TAE in $6B all-stock deal
Trump Media & Technology Group Corp. today announced plans to merge with TAE Technologies Inc., a startup that develops fusion reactors. The all-stock transaction is worth $6 billion. Ownership of the combined company is set to be evenly split between the shareholders of TAE and Trump Media & Technology Group, which is commonly referred to ...
AtScale raises funding round led by Snowflake Ventures
Data management provider AtScale Inc. today announced that it has closed a funding round led by Snowflake Inc.’s venture capital arm. The company didn’t specify the size of the deal, saying only that it’s the largest equity investment it has received to date. That indicates the round is worth more than $50 million, the amount ...
AI coding startup Lovable raises $330M round backed by Nvidia, other tech heavyweights
Lovable Labs Inc., the creator of a popular artificial intelligence tool for building websites and applications, today announced that it has raised $330 million in funding. Alphabet Inc.’s CapitalG fund and Menlo Ventures jointly led the Series B round. They were joined by the venture capital arms of Nvidia Corp., Salesforce Inc., HubSpot Inc., Atlassian ...
Compute-in-memory chip startup Mythic raises $125M round
Chip startup Mythic Inc. today announced that it has closed a $125 million funding round led by DCVC. The venture capital firm was joined by NEA, Softbank KR, Honda Motor Co. and a long list of other backers. The investment brings Mythic’s total outside funding to more than $175 million. Standard processors represent information as a ...
Waymo reportedly seeking to raise $15B+ at $110B valuation
Waymo LLC is reportedly in talks to raise a funding round that could more than double its valuation to $110 billion. CNBC late Tuesday cited sources as saying that the autonomous vehicle maker is seeking at least $15 billion in new financing. The investment is expected to be led by Alphabet Inc., Waymo’s parent company. ...
OpenAI reportedly could raise $10B+ in funding from Amazon
OpenAI Group PBC is in talks to raise at least $10 billion from Amazon.com Inc., The Information reported late Tuesday. The retail and cloud giant is no stranger to investing in large language model startups. It’s the biggest backer of Anthropic PBC, OpenAI’s top rival. A few weeks ago, Amazon Web Services Inc. opened a ...
OpenAI launches new GPT Image 1.5 model optimized for image editing
OpenAI Group PBC today launched GPT Image 1.5, a new artificial intelligence model optimized for image generation tasks. The algorithm is rolling out a few weeks after Google LLC introduced a new image generator of its own. Nano Banana Pro, as the model is called, is better than its predecessors at rendering text and implementing instructions ...
Red Hat acquires AI security startup Chatterbox Labs
IBM Corp.’s Red Hat unit today announced that it has acquired Chatterbox Labs Inc., a low-profile developer of artificial intelligence security tools, for an undisclosed amount. Over the past two years, Red Hat has adapted several of its core products to run AI workloads. Its flagship Linux distribution is available in a version that features ...