Maria Deutscher
Latest from Maria Deutscher
Apple reportedly scales back Vision Pro production because of design complexity
Apple Inc. will produce significantly fewer Vision Pro mixed reality headsets than originally planned, according to a new Financial Times report. The paper today cited sources as saying that the original plan was to make 1 million headsets in 2024. Apple is believed to have lowered its production goal to under 400,000 units. The sources ...
Rivian and Tesla shares jump on higher-than-expected vehicle deliveries
Shares of electric carmakers Rivian Automotive Inc. and Tesla Inc. jumped today after the companies reported that they had shipped more vehicles than expected in the second quarter. Irvine, California-based Rivian today posted the most significant car delivery increase in percentage terms. It shipped 12,640 vehicles to customers in the three months through June 30, nearly ...
UK finds Adobe’s $20B Figma acquisition may reduce market competition
The U.K.’s antitrust regulator has determined that Adobe Inc.’s planned acquisition of Figma Inc. could reduce competition in the local market for graphic design software. The Competition and Markets Authority, or CMA, released its findings today. Adobe has five business days to address the regulator’s concerns. If the concerns go unaddressed, the deal will be ...
Silver Lake to take Software AG private after acquiring 63%+ stake
Silver Lake plans to take Software AG private after acquiring a more than 63% stake in the Germany-based business software maker. The private equity firm disclosed its majority stake on Thursday. Additionally, Silver Lake detailed that it has bought a significant number of convertible Software AG notes. Those notes can be turned into stock corresponding ...
Google to remove links to Canadian news websites from search results
Google LLC will remove links to Canadian news websites from several services, including its flagship search engine, in response to a recently passed law. The company announced the decision today. The law in question, Bill C-18, was officially approved last week. It will require major online platform operators such as Google to compensate publishers for ...
Microsoft introduces new AI shopping features for Bing and Edge
Microsoft Corp. is adding new artificial intelligence features to Bing and Edge that are designed to speed up the online shopping experience for consumers, as well as help them save money. The features, which debuted today, complement a number of existing shopping features in Edge. Those features speed up tasks such as finding coupon codes ...
OpenAI and Microsoft face new class-action lawsuit over ChatGPT
A newly filed class-action lawsuit claims that OpenAI LP collected personal information belonging to millions of people without their permission. The complaint, which was submitted on Wednesday to a San Francisco federal court, also names Microsoft Corp. as a defendant. Microsoft has reportedly invested $13 billion in OpenAI over the past few years and closely ...
EU proposes to establish legal framework for potential digital euro
The European Commission, the European Union’s executive branch, today released a legislative proposal that could potentially pave the way to a digital version of the euro. Officials also detailed a second proposal that seeks to ensure cash will continue to be widely accepted in the bloc. “The digital euro will further strengthen the international role ...
Optical interconnect startup Celestial AI raises $100M to tackle AI’s ‘memory wall challenge’
Celestial AI Inc., a startup developing optical chip technology to speed up artificial intelligence models, today announced that it has raised $100 million in funding. The round included contributions from the venture capital arms of Samsung Electronics Co. Ltd. and Porsche AG. IMEC, one of the world’s largest nanoelectronics research labs, participated as well along ...
Astrix Security nabs $25M to detect vulnerable application integrations
Astrix Security Ltd., a startup helping enterprises detect insecure applications with access to their internal data, has raised $25 million in funding. The startup detailed in its announcement of the round today that CRV was the lead investor. Bessemer Venture Partners and F2 Venture Capital also contributed to the round, which is described as a ...