Maria Deutscher
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Lyft reportedly preparing to let go 30% of workforce
Lyft Inc. is reportedly planning to let go 30% of its workforce, or about 1,200 employees, in a bid to halve its operating expenses. The Wall Street Journal reported the plan today, citing sources familiar with the matter. Lyft confirmed the upcoming round of layoffs but didn’t specify how many jobs will be cut. “We ...
Weaviate reels in $50M for its AI-optimized vector database
Open-source database startup Weaviate B.V. today announced that it has secured a $50 million investment led by Index Ventures. Battery Ventures participated as well along with returning backers NEA, Cortical Ventures, Zetta Venture Partners and ING Ventures. The Series B round brings Weaviate’s total outside funding to $67.7 million. The startup will use the new ...
Google merges its DeepMind and Google Brain AI research groups
Google LLC parent Alphabet Inc. is merging its two main artificial intelligence research groups into a single unit. Alphabet Chief Executive Officer Sundar Pichai announced the move in a blog post published today. The search giant’s DeepMind and Google Brain groups are becoming a single unit known as Google DeepMind. It will be headed by a ...
Seagate reports quarterly revenue drop and cost cuts amid storage market slowdown
Seagate Technology Holdings plc, a major manufacturer of disk storage, today reported fiscal third-quarter revenues that slightly exceeded the low end of its guidance. In conjunction, the company announced a new restructuring initiative intended to reduce costs. Seagate is aiming to lower its operating expenses by $200 million annually. In recent years, many enterprise applications have ...
Report: Google developing generative AI advertising technology
Google LLC plans to equip its Performance Max advertising service with generative artificial intelligence features, according to a new report. The Financial Times reported the company’s plan today, citing a source and an internal presentation. Google is expected to roll out the generative AI features in the coming months. Performance Max is an advertising service ...
Stability AI releases open-source language model
Artificial intelligence startup Stability AI Ltd. today released StableLM, an open-source language model that can generate text and code. StableLM is the first in a series of language models that the startup plans to build. Future additions to the series are set to feature more complex architectures. London-based Stability AI is backed by $101 million ...
VMware launches initiative to help partners build managed services faster
VMware Inc. is launching a new initiative detailed Tuesday that will enable partners to more quickly develop managed services powered by its software. “VMware Cross-Cloud managed services is yet another example of how we will empower partners to expand and grow their VMware businesses while collaborating to help customers implement a cloud smart strategy that accelerates their ...
Coro reels in $75M to simplify cybersecurity for midsized companies
Coro Cyber Security Ltd., a fast-growing developer of cybersecurity software for midsized companies, today announced that it has raised $75 million in funding. The startup describes the investment as a Series 2C round. The capital was provided entirely by Energy Impact Partners. Coro is now valued at $575 million, up from $500 million after its ...
Google Cloud reorganizes its professional service offerings into new portfolio
Google LLC’s cloud business is reorganizing its professional service offerings into a new, centralized portfolio called Google Cloud Consulting. The move was announced today. It follows a year in which Google Cloud made significant investments to expand its professional services practice. The practice’s services make it simpler for companies to adopt Google Cloud products, train ...
Citizen Lab finds three new iOS exploits used by NSO Group
Citizen Lab has identified three new zero-day or yet-unpatched iOS exploits that were used by NSO Group Ltd.’s Pegasus spyware to infect iPhones. Citizen Lab, a cybersecurity research center affiliated with the University of Toronto, published its findings today. Its researchers have determined that the three newly discovered iOS exploits were used to launch cyberattacks ...