Maria Deutscher
Latest from Maria Deutscher
Shares of tech startup-heavy Silicon Valley Bank plunge 60%+ on stock sale plan
Shares of SVB Financial Group Inc., the parent company of Silicon Valley Bank, plunged more than 60% today after the financial institution announced plans to sell $2.2 billion in stock. The stock sale is part of an effort by the company to address recent losses in its securities portfolio. “We are taking these actions because ...
Alphabet’s Wing previews automated drone delivery system
Alphabet Inc.’s Wing unit today detailed the Wing Delivery Network, a hardware and software system designed to facilitate high-volume drone deliveries. Wing estimates the system will be capable of delivering millions of small packages in the near future. Moreover, the Alphabet unit expects that it will do so at a lower cost than traditional logistics ...
Microsoft’s Bing reaches 100 million daily active users
Microsoft Corp. has disclosed that its Bing search engine is now used by 100 million consumers every day. Yusuf Mehdi, the corporate vice president of Microsoft’s modern life, search and devices group, announced the milestone in a Wednesday blog post. The update comes about a month after the company released a new version of Bing ...
Vantage reels in $21M to lower companies’ cloud expenses
Vantage, a cloud cost optimization startup that counts NASA among its customers, has secured $21 million in new funding to finance growth initiatives. Vantage announced the funding round, a Series A investment, this morning. Scale Venture Partners was the lead investor. The round also saw the participation of Andreessen Horowitz, Harpoon Ventures and multiple angel ...
Hailo debuts new Hailo-15 AI vision processors
Chip startup Hailo Technologies Ltd. today debuted a new series of artificial intelligence processors, the Hailo-15 family, that’s optimized to run computer vision models. Tel Aviv-based Hailo is backed by more than $223 million in funding. It develops AI processors for vehicles, industrial equipment and other systems. The startup says that its silicon is used ...
DuckDuckGo launches generative AI search assistant
DuckDuckGo Inc. today launched DuckAssist, a new feature in its search engine that generates natural language responses to user questions. DuckAssist is powered by generative artificial intelligence models from OpenAI LLC and Anthropic, a San Francisco-based machine learning startup. The feature joins the growing list of generative AI tools introduced by search engine providers in ...
Stability AI acquires Init ML amid fundraising reports
Stability AI Ltd., the startup behind the Stable Diffusion generative artificial intelligence model, today announced that it has bought photo editing provider Init ML. The acquisition is Stability AI’s first since launch. It comes a few days after reports emerged that the startup is seeking to raise funding at a $4 billion valuation. That’s four ...
Apple reportedly developing new MacBooks with three-nanometer M3 chip
Apple Inc. is reportedly preparing to launch three new MacBook laptops that feature a yet-unannounced processor known as the M3. Sources told 9to5Mac late Monday that the M3 will ship with new 13-inch and 15-inch versions of the MacBook Air, Apple’s entry-level laptop. The chip is also expected to become available with the 13-inch edition ...
Layoff update: Meta reportedly preparing for more reductions as Atlassian cuts headcount by 5%
Meta Platforms Inc. is reportedly preparing another round of layoffs that could affect thousands of employees. Bloomberg reported the development late Monday, the same day Atlassian Corp. announced plans to let go 5% of its workforce. The move affects about 500 employees. The reported restructuring being prepared by Meta and the job cuts at Atlassian ...
Edgeless Systems raises $5M for Kubernetes-powered confidential computing
Edgeless Systems GmbH, a startup using confidential computing technology to make Kubernetes clusters more secure, today announced that it has raised $5 million in funding. SquareOne led the seed funding round. It was joined by multiple angel investors, including the founders of Netlify Inc., a developer tooling startup valued at $2 billion in 2021. Many ...