Maria Deutscher
Latest from Maria Deutscher
Instacart seeking to raise up to $616M in IPO at $9.3B valuation
Instacart today disclosed that it hopes to raise up to $616 million in its upcoming initial public offering. The grocery delivery company, which is incorporated as Maplebear Inc., detailed its fundraising target in an update to its IPO prospectus. Instacart filed the initial version of the document on Aug. 25. The same week, Arm Holdings ...
Qualcomm shares jump on surprise Apple modem chip deal
Shares of Qualcomm Inc. jumped more than 3.8% today after the chipmaker announced that Apple Inc. will keep using its mobile modem chips for the next three years. Apple was previously expected to significantly scale back its use of the modems as early as this year. The announcement of the supply deal comes a day ...
Salesforce and Databricks expand partnership with new platform integration
Salesforce Inc. and Databricks Inc. have debuted a new product integration that aims to simplify joint customers’ data analytics projects. The integration was developed as part of a technical collaboration that the companies detailed today. The news comes a few days after Salesforce announced a similar partnership with Snowflake Inc., one of Databricks’ top rivals, ...
TSMC says chip packaging shortage is constraining processor supply
Shortages of a key chip packaging technology are constraining the supply of some processors, Taiwan Semiconductor Manufacturing Co. Ltd. chair Mark Liu has revealed. Liu made the remarks during a Wednesday interview with Nikkei Asia on the sidelines of SEMICON Taiwan, a chip industry event. The executive said that the supply shortage will likely take ...
Google makes Privacy Sandbox generally available in Chrome
Google LLC is broadly rolling out key components of Privacy Sandbox, a software toolkit designed to reduce the amount of data that online advertisers collect about users. The company announced the launch on Thursday. The Privacy Sandbox components included in the rollout are now generally available for Chrome users. Historically, brands delivered personalized ads to ...
AI startup Imbue closes $200M funding round backed by Nvidia
Imbue, a startup developing language models optimized for reasoning, today announced that it has closed a $200 million funding round. The Series B investment values Imbue at $1 billion. It included contributions from Nvidia Corp. and Astera Institute, a nonprofit that backs promising research initiatives. Cruise LLC Chief Executive Officer Kyle Vogt, Notion Labs Inc. ...
Secureworks tops quarterly expectations, but stock drops on disappointing forecast
Secureworks Inc.’s share price dropped in trading today after it reported stronger-than-expected quarterly results but posted guidance that failed to impress investors. Nasdaq-listed Secureworks sells a cybersecurity platform called Taegis. According to the company, the platform analyzes more than 470 billion cybersecurity-related data points per day. It can spot malware across organizations’ cloud infrastructure, employee ...
IBM debuts Granite series of hardware-efficient language models
IBM Corp. today introduced a new lineup of language models, the Granite series, that will become available as part of its watsonx product suite. The Granite series is rolling out alongside several other new features. According to IBM, watsonx is receiving a tool that will make it easier for companies to create artificial intelligence training ...
Modular makes its AI-optimized Mojo programming language generally available
Modular Inc. today announced the general availability of its Mojo programming language, which promises to speed up artificial intelligence applications by multiple orders of magnitude. The language is becoming available for download as part of a software development kit. The SDK includes not only Mojo but also supporting components designed to ease developers’ work. It’s ...
UK updates stance on controversial Online Safety Bill after criticism of encryption proposal
The U.K. government has updated its stance about a controversial bill that could require encrypted messaging apps to be scanned for illegal user content. Arts and Heritage Minister Lord Stephen Parkinson detailed the update in a statement to the U.K. parliament, the Financial Times reported today. In 2021, the U.K. parliament proposed a law called ...