Maria Deutscher
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Shares of Extreme Networks jump 28% on strong third-quarter results
Shares of Extreme Networks Inc. jumped more than 28% today after it posted better-than-expected third-quarter results and raised its guidance. The network equipment maker closed the three months ended March 31 with sales of $316.9 million. That represents a 11% year-over-year increase, slightly more than what analysts had expected. Extreme Networks’ quarterly profit also topped ...
Space technology startup True Anomaly raises $650M at $2.2B valuation
True Anomaly Inc., a startup that develops satellites optimized for maneuverability, has raised $650 million in late-stage funding. CNBC reported today that the Series D round values the company at $2.2 billion. The investment was led by Eclipse and Riot Ventures with participation from more than a dozen other backers. True Anomaly’s flagship product is ...
AWS brings OpenAI’s AI models and Codex programming assistant to its cloud
Amazon Web Services Inc. today made OpenAI Group PBC’s large language models available on its cloud platform. The algorithms are accessible through Amazon Bedrock alongside Codex, the ChatGPT developer’s programming assistant. In addition, AWS is rolling out a new offering called Bedrock Managed Agents. It’s designed to ease the task of building OpenAI-powered AI agents. “This ...
Chip stocks drop on report OpenAI missed ChatGPT growth targets
Shares of Nvidia Corp. and other tech firms dropped today following a report that OpenAI Group PBC had missed its growth targets last year. The Wall Street Journal late Monday cited sources as saying that the company’s 2025 user base gains and revenue fell short of expectations. OpenAI pushed back against the report, calling it ...
Ineffable Intelligence raises $1.1B at $5.1B valuation to build an AI ‘superlearner’
Ineffable Intelligence Ltd., a British artificial intelligence startup founded a few months ago, has raised $1.1 billion in seed funding. The investment values the company at $5.1 billion. CNBC reported today that Lightspeed Ventures and Sequoia Capital led the deal. They were joined by Nvidia Corp., Google LLC, the U.K’s Sovereign AI Fund, DST Global, Index ...
OpenAI and Microsoft revise the terms of their AI partnership
OpenAI Group PBC and Microsoft Corp. have revised several sections of the contract that governs their technology partnership. The update, which was announced today, is at least the third that the companies have made since the start of 2025. The partnership began in June 2019 with a $1 billion investment from Microsoft. Four years later, ...
China blocks Meta’s acquisition of AI agent developer Manus
The Chinese government today ordered Meta Platforms Inc. to scrap its acquisition of artificial intelligence startup Manus. The development comes about five months after the Facebook parent announced the deal. The transaction was reportedly valued between $2 billion and $3 billion. Manus develops an AI agent that can turn financial datasets into presentations, generate websites ...
AI startups Cohere, Aleph Alpha to merge with $600M in new funding
Artificial intelligence startups Cohere Inc. and Aleph Alpha GmbH today announced that they intend to merge. The transaction is backed by Schwarz Group GmbH, Germany’s largest retailer. It plans to lead a funding round into the combined company by making a $600 million “structured financing commitment.” CNBC reported that the Series E deal, which is ...
AWS inks multibillion-dollar AI infrastructure deal with Meta
Amazon Web Services Inc. has inked a multiyear deal to supply Meta Platforms Inc. with cloud infrastructure. Bloomberg reported today that the agreement is worth billions of dollars. The deal centers on AWS’ Graviton family of internally developed central processing units. According to the company, Meta will purchase access to tens of millions of Graviton ...
DeepSeek open-sources V4 large language model series
Chinese artificial intelligence developer DeepSeek today released a new series of open-source large language models. V4, as the algorithm family is called, comprises two LLMs on launch. There’s the flagship V4-Pro and a smaller model called V4-Flash that trades off some output quality for lower hardware usage. Both algorithms are based on a mixture of ...