Maria Deutscher
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OpenAI CEO Sam Altman calls for increased AI regulation in Senate hearing
OpenAI LP Chief Executive Sam Altman has told lawmakers that the U.S. should consider implementing new rules to ensure the safety of artificial intelligence systems. Altman (pictured) made the remarks this morning during a hearing before a Senate Judiciary subcommittee. The hearing, which began at 10 a.m. EDT, ran for nearly three hours. It also ...
New AI tools headline ServiceNow’s latest platform update
ServiceNow Inc. today introduced an array of new artificial intelligence tools aimed at helping companies automate repetitive business tasks, fix technical issues and train employees. The feature additions made their debut at the company’s Knowledge 2023 event in Las Vegas. They’re rolling out for ServiceNow’s namesake cloud platform, which helps companies manage the parts of ...
Island updates its enterprise browser with new cybersecurity features
Island Technology Inc. is updating its namesake web browser with new cybersecurity capabilities designed to block malware and other online threats. Dallas-based Island is backed by $285 million in venture funding. The startup’s browser, which is based on the same open-source engine as Google Chrome, is specifically designed for the enterprise market. It allows companies ...
Procurement startup Zip secures $100M funding round
Zip, a startup with a cloud-based procurement platform of the same name, today announced that it has secured $100 million in new funding. The Series C round included contributions from Y Combinator, CRV and Tiger Global. It values Zip at $1.5 billion. That’s up from the $1.2 billion valuation the startup received last May following ...
Smart raises $95M for its pension management platform
Startup Smart Pension Ltd. has raised $95 million in a later-stage funding round to grow the adoption of its pension management platform, which is used by more than 1 million people worldwide. Private equity firm Aquiline Capital Partners led the Series E investment, which Smart announced today. Chrysalis Investments, Fidelity International Strategic Ventures, DWS, Barclays and ...
EU approves Microsoft’s Activision Blizzard acquisition as Azure reportedly faces scrutiny
The European Commission, the European Union’s executive branch, has approved Microsoft Corp.’s plan to acquire Activision Blizzard Inc. for $68.7 billion. The decision was made public this morning. The development coincided with a report from Bloomberg that revealed the EU is conducting an informal probe into Azure, Microsoft’s public cloud platform. It’s believed the probe ...
AWS launches Amazon Aurora I/O-Optimized to lower users’ database costs
Amazon Web Services Inc. has introduced a new version of its Amazon Aurora managed database service that promises to reduce cloud costs for customers. The offering, called Amazon Aurora I/O-Optimized, made its debut on Thursday. It’s expected to provide cost savings of up to 40% for some workloads. “With Aurora I/O-Optimized, we’re giving customers great ...
Cable raises $11M to help banks combat financial crime
Startup Cable Tech Inc. has secured $11 million in funding for its namesake cloud platform, which helps banks more effectively detect financial crime. U.K.-based Cable announced the Series A round on Thursday. Stage 2 Capital, Jump Capital and returning backer CRV provided the funding. Their investment brings Cable’s total outside financing to $16.3 million. Banks ...
Cybersecurity provider Absolute Software to be acquired for $657M
Absolute Software Corp., a publicly traded cybersecurity provider, today announced that it has agreed to be taken private by Crosspoint Capital Partners in a $657 million deal. Crosspoint is also absorbing the company’s $223 million debt. The acquisition values Absolute Software at $11.50 per share, a 34% premium to its Wednesday closing price. The deal ...
Meta details generative AI ad tools and large-scale Lattice model architecture
Meta Platforms Inc. today previewed new artificial intelligence tools that will enable marketers to generate creative assets for ad campaigns automatically. In conjunction, the company shared an update about the back-end AI models that power its advertising system. Meta detailed that it’s upgrading the system to a new “holistic model architecture” called Lattice. The architecture ...