Maria Deutscher
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Report: EU expected to approve Microsoft’s Activision Blizzard acquisition
The European Union could greenlight Microsoft Corp.’s acquisition of Activision Blizzard Inc. as early as next week, according to a new report. Reuters today cited sources as saying that the EU will likely approve the $68.7 billion deal on Monday. The deadline for the decision is May 22. Activision Blizzard is one of the world’s ...
SquareX reels in $6M for its browser security platform
Cybersecurity startup SquareX today announced that it has closed a $6 million seed funding round led by Sequoia Capital Southeast Asia. The capital will go toward product development and go-to-market initiatives, the Singapore-based startup detailed. The investment comes a few weeks after SquareX made its namesake cybersecurity platform available to an initial group of users. ...
GlobalFoundries tops earnings expectations, but stock falls on weak guidance
Shares of GlobalFoundries Inc. dropped more than 9% today after it posted better-than-expected first-quarter earnings but missed projections with its guidance. The chipmaker also announced a leadership team reshuffle. GlobalFoundries has appointed former Amazon Web Services Inc. executive Tim Stone as chief financial officer and Niels Anderskouv as chief business officer. Anderskouv was earlier a ...
Meta open-sources multimodal ImageBind model to advance AI research
Meta Platforms Inc. today released the code for ImageBind, an internally developed artificial intelligence model that can process six different types of data. Meta says ImageBind outperforms some traditional models that focus on processing only one type of data. Moreover, the company believes the neural network could help unlock new applications for AI. ImageBind can ...
IBM debuts watsonx product suite to streamline enterprise AI projects
IBM Corp. today debuted watsonx, a product suite designed to help companies more easily build and deploy artificial intelligence models. Watsonx was previewed at the company’s annual Think conference alongside several other new offerings. For its cloud platform, IBM is rolling out new compute options that provide access to graphics cards. The company will also release ...
Google Cloud rolls out differential privacy technology to its BigQuery data warehouse
Google LLC’s cloud business today introduced a differential privacy feature for its BigQuery data warehouse. The feature, which is currently public preview, will enable enterprises to more effectively protect their customers’ data against hackers. It’s based on a major computer science breakthrough that won the 2017 Gödel Prize, one of the most prestigious awards in ...
Intel to make more layoffs as it targets $10B in annual savings
Intel Corp. is reportedly planning to lay off up to 20% of the employees at its client computing and data center divisions. Annual savings are the main target for the Intel layoffs in 2023. Dylan Patel, the chief analyst at market research firm SemiAnalysis, tweeted over the weekend that the two business units will have ...
Qualcomm buys vehicle chip startup AutoTalks in reported $350M+ deal
Qualcomm Inc. is acquiring AutoTalks Ltd., a chip startup with technology that enables vehicles to detect obstacles around corners and stop automatically. The acquisition was announced this morning. Sources told TechCrunch that Qualcomm is paying $350 million to $400 million for AutoTalks, which previously raised $110 million in funding. The Israel-based startup counts Hyundai Motor ...
New York attorney general proposes new cryptocurrency legislation
New York Attorney General Letitia James today proposed legislation that would ban cryptocurrency companies from engaging in deceptive business practices. The Crypto Regulation, Protection, Transparency, and Oversight Act, or CRPTO Act for short, also seeks to tackle other issues such as conflicts of interest. It would furthermore empower the attorney general to fine or shut down ...
Google Cloud and KPMG launch generative AI collaboration
Google LLC’s cloud unit and KPMG LLP today announced that they’re joining forces to help enterprises deploy generative artificial intelligence software. KPMG is a major professional services provider that specializes mainly in accounting. It also has an information technology business. KPMG’s IT business includes, among other units, a Google Cloud practice that helps companies adopt ...