Maria Deutscher
Latest from Maria Deutscher
EU to revise GDPR, AI Act as part of regulatory simplification push
The European Union has proposed a set of regulatory changes designed to make it easier for companies to comply with the bloc’s AI Act and GDPR privacy law. The European Commission, the EU’s executive arm, announced the initiative today. The legislative updates are expected to save up to €5 billion in administrative costs for businesses ...
Nvidia, Microsoft to invest up to $15B in Anthropic as part of new cloud partnership
Anthropic PBC will raise up to $15 billion in funding from Nvidia Corp. and Microsoft Corp. as part of a partnership the companies announced today. Nvidia is set to provide up to two-thirds of the capital while Microsoft plans to provide the rest. Anthropic, for its part, has committed to leasing $30 billion worth of ...
AI cloud operator Lambda raises $1.5B+ to build data centers
Artificial intelligence infrastructure startup Lambda Inc. today announced that it has closed a late-stage funding round worth more than $1.5 billion. TWG Global, a holding company led by billionaire investors Thomas Tull and Mark Walter, led the Series E transaction. It was joined by Tull’s US Innovative Technology Fund. The latter firm previously led a ...
Cloudflare outage briefly takes ChatGPT, Claude and other services offline
Cloudflare Inc. experienced an hours-long outage today that took several popular services offline. OpenAI Group PBC’s ChatGPT and Sora were among the impacted applications. Claude, Shopify and the website of New Jersey’s public transportation system reportedly experienced issues as well. The downtime lasted for about five and a half hours. Cloudflare operates a content delivery ...
Cloudflare acquires AI deployment startup Replicate
Cloudflare Inc. has acquired Replicate Inc., a startup with software that makes it easier to deploy artificial intelligence models in production. The companies announced the transaction today without disclosing its financial terms. Replicate previously raised more than $23 million in funding from Y Combinator, Sequoia Capital and other backers. Large language models depend on various ...
Financial technology startup Ramp closes $300M investment at $32B valuation
Ramp Business Corp. today announced that it has closed a $300 million funding round at a $32 billion valuation, double what it was worth in June. The raise is the company’s third in five months. Returning investor Lightspeed Venture Partners led the financing. It was joined by nearly 30 other institutional backers, six of which ...
Report: Startup co-led by Jeff Bezos raises $6.2B to develop ‘AI for the physical economy’
Jeff Bezos has launched an artificial intelligence startup called Project Prometheus, the New York Times reported today. The company is reportedly backed by $6.2 billion in funding from Bezos and other investors. It’s unclear whom those other investors are, when Project Prometheus was founded or where it’s headquartered. However, the Times’ sources did divulge certain ...
AWS develops AI agents to speed up AWS ProServe consulting projects
Amazon Web Services Inc. today debuted a set of artificial intelligence agents that will help streamline the work of its professional services group. The group is known as AWS Professional Services, or ProServe for short. It helps customers move legacy workloads to the cloud giant’s platform. ProServe also builds greenfield applications using AWS services. According ...
Google to spend $40B on data center infrastructure in Texas
Google LLC today announced plans to spend $40 billion through 2027 on a network of data centers in Texas. The company will build three new facilities as part of the project. One will be located in Armstrong County, the other two in Haskell County. The latter locale is about an hour’s drive from the city ...
AI infrastructure startup Firmus raises $327M to build data centers in Australia
Firmus Technologies Pty Ltd., a startup that plans to build a network of artificial intelligence centers in Australia, has raised $327 million from investors. The company announced the funding round today. Reuters reported that the investment included contributions from Nvidia Corp. and Sydney-based fund Ellerston Capital. Firmus is now valued at $3.9 billion. The cash ...