Maria Deutscher
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Mobileye tops earnings expectations, but stock plunges on lowered guidance
Shares of chipmaker Mobileye Global Inc. dropped more than 21% today after it lowered its full-year guidance for 2023. The company released the revised projection alongside the financial results for its fiscal first quarter, which ended April 1. Mobileye topped both revenue and adjusted earnings per share expectations during the quarter. Mobileye operated as an ...
Dropbox to cut 500 jobs amid AI push
Cloud-based file sharing provider Dropbox Inc. today announced plans to let go 500 employees, or about 16% of its workforce. Affected employees will receive 16 weeks of severance pay and one more week of pay for every year they worked at the company. Additionally, Dropbox will continue to provide health insurance for six months. The ...
Amazon shutters its Halo consumer device group
Amazon.com Inc. is shutting down its Halo business unit, which had developed a series of fitness and sleep tracking devices for consumers. The company announced the decision in an internal memo that was obtained by The Verge today. In conjunction with the move, Amazon is discontinuing the Halo device series. The company confirmed the latter ...
Bosch to acquire silicon carbide chip maker TSI Semiconductors
Robert Bosch GmbH today announced plans to buy TSI Semiconductors, a major maker of silicon carbide chips. The acquisition price was not disclosed. However, Bosch did divulge that it plans to spend $1.5 billion on upgrading TSI’s production lines. The company said that the investment will depend on federal funding opportunities and state-level economic development ...
Cybersecurity provider Lookout to sell consumer business to F-Secure for reported $223M
Cybersecurity provider Lookout Inc. is selling its consumer business, which develops a popular mobile antivirus with more than 200 million users worldwide. The buyer is F-Secure Corp., a competing antivirus maker. Lookout didn’t disclose the financial terms in its announcement of the transaction today. According to TechCrunch, the deal is believed to be worth about $223 ...
Digital.ai launches new platform release to streamline enterprise software projects
Digital.ai Software Inc. today updated its application development platform with new features designed to make programmers more productive. Raleigh, North Carolina-based Digital.ai was formed in 2020 through the merger of five enterprise software companies. Private equity firm TPG Capital, which carried out the transaction, invested $1 billion in the venture. The company says its customer ...
OpenAI adds new data controls to ChatGPT and previews business version
OpenAI LP today added new settings to the ChatGPT interface that will enable users to delete their chat histories and more easily export data. In conjunction, the startup announced plans to launch a business version of the service. Dubbed ChatGPT Business, the offering is set to roll out in the coming months. ChatGPT is an ...
Google releases new cybersecurity features for ChromeOS
Google LLC today introduced a set of new features for ChromeOS that will help companies protect business data and employee devices from hackers. The features made their debut at the annual RSA Conference in Las Vegas. ChromeOS is a Google-developed operating system that uses the search giant’s Chrome browser as its main interface. It’s widely ...
Google rolls out account synchronization feature to Google Authenticator
Google LLC has updated Google Authenticator, its two-factor authentication app, with a feature that will help users avoid losing access to their login credentials. The company released the new feature today along with a redesign of the app’s interface. Released in 2010, Google Authenticator allows users to enable two-factor authentication for their Google accounts. It ...
VMware debuts new cybersecurity tools at RSA 2023
VMware Inc. today introduced an array of new cybersecurity features that will make it easier for companies to block hacking attempts. Many of the features, which debuted at the RSA Conference that runs this week in San Francisco, are rolling out to the company’s NSX and Carbon Black Workload platforms. Others are becoming available as ...