Maria Deutscher
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In positive signal for tech IPO market, Instacart and Klaviyo file to go public
Grocery delivery startup Instacart and marketing software provider Klaviyo Inc. filed to go public today, signaling that investor interest in tech company listings could be picking up. The filings follow 18 months in which not a single major tech company floated its shares. The dearth in stock market listings has been referred to as an ...
AMD debuts two new graphics cards for the consumer market
Advanced Micro Devices Inc. today debuted two new graphics cards, the Radeon RX 7800 XT and Radeon RX 7700 XT, that will create more competition for Nvidia Corp. in the consumer chip market. AMD detailed the chips at Gamescom, a video game industry event taking place this week in Germany. Enterprise spending on standalone graphics ...
Multiple news organizations block OpenAI’s GPTBot web crawler
Multiple news organizations have blocked OpenAI LP from crawling their websites, according to a new report. The Guardian reported today that The New York Times, CNN, Reuters and the Chicago Tribune are not allowing OpenAI’s GPTBot web crawler to scan their online content. A number of media organizations in Australia were found to have taken ...
Tech giants back $235M round for open-source AI startup Hugging Face
Startup Hugging Face Inc., which operates a platform for hosting open-source artificial intelligence projects, today announced that it has raised $235 million in funding. The Series D round included contributions from many of the tech industry’s most prominent players. Amazon.com Inc., Google LLC, IBM Corp. and Salesforce Inc. were among the participants. They were joined ...
Modular nabs $100M for its AI programming language and inference engine
Modular Inc., the creator of a programming language optimized for developing artificial intelligence software, has raised $100 million in fresh funding. General Catalyst led the investment, which was announced this morning. Alphabet Inc.’s GV startup fund participated as well along with several other institutional backers. Modular will use the capital to enhance its AI programming ...
Samsung invests in AI video generation startup Irreverent Labs
Samsung Electronics Co. Ltd. has invested in Irreverent Labs Inc., a Seattle startup that develops artificial intelligence models for generating video content. Irreverent Labs announced the investment this morning. The startup didn’t disclose how much funding it raised from Samsung. According to GeekWire, the electronics giant provided the capital through its Samsung Next startup fund. ...
Meta’s new Code Llama large language model optimized for programming tasks
Meta Platforms Inc. today introduced Code Llama, an open-source large language model that can automatically generate code snippets and explain how they work. The model is free for commercial use. Code Llama is based on another open-source language model, Llama 2, that Meta released last month. The latter model is more general-purpose in nature. It ...
Portkey.ai closes $3M seed round to speed up AI application development
Newly launched artificial intelligence startup Portkey.ai today announced that it has raised $3 million in seed funding. Lightspeed Venture Partners led the round. According to Portkey.ai, the venture capital firm was joined by “prominent figures” from Amazon Web Services Inc., OpenAI LP, Cloudflare Inc. and other major enterprise technology companies. AI providers such as OpenAI ...
SpyCloud bags $110M to help companies respond to login credential leaks faster
SpyCloud Inc., a cybersecurity startup that counts half the Fortune 10 as customers, has raised $110 million in funding to finance new growth initiatives. Austin-based SpyCloud announced the investment this morning. It said that the funding included a “commitment of primary and secondary capital.” That suggests the investment included a secondary raise, a deal through ...
Microsoft integrates the Python programming language into Excel
Microsoft Corp. is releasing a new version of Excel that will enable users to write and run Python code directly in the spreadsheet editor’s interface. Stefan Kinnestrand, a general manager for product marketing at Microsoft, detailed the update in a blog post today. The Python support is currently available in public preview. Excel includes data ...