Maria Deutscher
Latest from Maria Deutscher
Samsung estimates its profit fell 96% in the second quarter
Samsung Electronics Co. Ltd. estimates that its operating profit plummeted 96% to a 14-year low in the second quarter. The company shared the estimate as part of its preliminary quarterly earnings report, which was released early today. Samsung believes its consolidated operating profit amounted to 600 billion won, or $459 million, in the three months ended ...
OpenAI launches its GPT-4 API into general availability
OpenAI LP today made GPT-4, its newest and most capable language model, generally available through a cloud-based application programming interface. The heavily funded artificial intelligence startup also detailed several other product updates. Alongside GPT-4, OpenAI is making three other AI models’ APIs generally available. Additionally, the startup announced plans to phase out a number of earlier neural ...
Retail robotics startup Telexistence raises $170M
Telexistence Inc., a startup developing artificial intelligence-powered robots for the retail sector, today announced that it has raised $170 million in funding. One of the investors in the Series B round was SoftBank Group Corp. Last month, SoftBank signaled that it plans to step up the pace of its AI investments following a year of limited ...
DigitalOcean acquires AI-focused GPU cloud operator Paperspace for $111M
DigitalOcean Holdings Inc. has inked a $111 million deal to acquire Paperspace Co., a Brooklyn-based startup that provides cloud infrastructure for artificial intelligence developers. The transaction was announced this morning. Founded in 2011, DigitalOcean provides a public cloud platform of the same name. The platform is designed to be relatively easy to use, which has ...
OpenAI forms research team to tackle dangers of AI ‘superintelligence’
OpenAI LP is forming a new research team to tackle the potential dangers that could be posed by future “superintelligent” machine learning models. OpenAI Chief Scientist Ilya Sutskever and Jan Leike, the startup’s head of alignment, announced the move in a blog post today. Sutskever and Leike will co-lead the new research team. In their ...
CADDi reels in $89M to make custom industrial equipment parts easier to procure
CADDi Inc., a startup that provides specialized procurement software for industrial equipment makers, has raised $89 million in new funding. TechCrunch reported the Series C round today. The raise included the participation of nearly a dozen investors, including the venture capital arm of Mitsubishi UFJ Financial Group Inc., Japan’s largest bank. Tokyo-based CADDi is now ...
Productivity software startup ClickUp lets go 10% of its workforce
Mango Technologies Inc., a well-funded productivity software startup that does business as ClickUp, has let go 10% of its workforce or about 90 employees. The move was reported earlier today by TechCrunch. ClickUp confirmed the workforce reduction, saying it will be carried out over the next few months. The company previously laid off 7% of ...
EU’s top court rules against Meta in key data privacy case
The European Union’s top court has issued a ruling that could lead to major changes in the way Meta Platforms Inc. operates its ad business. The Luxembourg-based Court of Justice of the European Union, or CJEU, released a summary of the ruling today. The decision is the culmination of a long-running legal battle focused on ...
Report: US to restrict sale of AI cloud services to Chinese companies
The U.S. Commerce Department is reportedly readying new rules that would restrict American cloud providers from selling certain services to customers in China. The Wall Street Journal reported the development today, citing people familiar with the matter. The new sales curbs are expected to roll out within weeks. The report comes a few days after ...
Sweden orders three companies to stop using Google Analytics over privacy concerns
Sweden’s privacy regulator has ordered three local companies to stop using Google LLC’s ubiquitous Google Analytics service. The decision, which was made public today, follows several similar regulatory developments in other European Union member states. They all relate to a landmark verdict called Schrems II that the EU’s top court issued in 2020. That verdict ...