Maria Deutscher
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Shares of Broadcom Inc. briefly declined by more than 4% this morning after a report claimed its lucrative chip partnership with Google LLC might be scaled back in the coming years. The chipmaker’s stock recouped about half of its losses later in …
Report: Palo Alto Networks could buy secure browser maker Talon for $600M
Palo Alto Networks Inc. is reportedly holding talks to buy Talon Cyber Security Ltd., the developer of a secure browser designed for enterprises. Calcalist reported the negotiations on Thursday. The deal, if it happens, is expected to value Talon at $600 million. …
OpenAI debuts new DALL-E 3 AI image generator
OpenAI LP today introduced DALL-E 3, an artificial intelligence model that can generate images based on natural language prompts. The model is the latest addition to a series of image-generating neural networks that the company first introduced in 2021. Compared with its …
Klaviyo shares close up 9% in trading debut after $576M IPO
Shares of Klaviyo Inc. rose more than 8% in their trading debut this morning, valuing the marketing software provider at about $10 billion. The positive market reception bodes well for software-as-a-service companies that have been stymied from going public by a dead …
Intel, Samsung and other chipmakers back new accelerator programming initiative
The Linux Foundation has launched a new industry group, the UXL Foundation, to ease the task of writing applications that can run well on multiple types of accelerator chips. The initiative was announced on Tuesday at an industry event in Spain. The …
AI cybersecurity startup HiddenLayer raises $50M
HiddenLayer Inc., a startup that helps enterprises shield their artificial intelligence models from hacking attempts, has closed a $50 million funding round. Austin-based HiddenLayer announced the Series A round today. It said that Microsoft Corp.’s M12 startup fund and Moore Strategic Ventures …
SambaNova debuts self-configuring AI chip with 1,040 cores and high-speed memory
SambaNova Systems Inc. today debuted a 1,040-core processor, the SN40L, that’s designed to power large artificial intelligence models with trillions of parameters. Palo Alto, California-based SambaNova is backed by more than $1 billion in venture funding. It develops AI chips that lend …
SASE provider Cato Networks closes $238M round at $3B+ valuation
Cato Networks Ltd., a major player in the secure access service edge market, today announced that it has raised $238 million in fresh funding. The investment values the Tel Aviv-based startup at more than $3 billion. That’s up from the $2.5 billion it …
Microsoft Chief Product Officer Panos Panay reportedly joins Amazon
Microsoft Corp. Chief Product Officer Panos Panay will reportedly join Amazon.com Inc. to lead the business unit that develops Alexa and the Echo device lineup. Bloomberg reported the development today, citing people familiar with the matter. Microsoft announced Panay’s departure a few …
Intel aims to boost processor speeds with new glass substrate technology
Intel Corp. will build glass into its most advanced processors to make them faster and more power-efficient. The chipmaker detailed the plan today ahead of its annual Intel Innovation event, which is dedicated to new semiconductor technologies. At the center of the …