Maria Deutscher
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Samsung discloses 96% profit slump in preliminary quarterly results
Samsung Electronics Co. Ltd. early today released preliminary financial results for the first quarter, disclosing that its operating profit likely dropped by 96% to a 14-year low. It’s believed that the drop is partly the result of losses in the company’s semiconductor unit. To improve its bottom line, Samsung intends to scale back production of ...
Staytuned reels in $34M for its e-commerce application suite
Staytuned Digital Inc., a startup that provides store management software for online retailers, has secured $34 million in equity and debt financing. The company announced the financing round today. The round includes $9 million in equity funding that was raised from TenOneTen, Rembrandt VC and more than a half-dozen other investors. It also received a $25 ...
AMD debuts new data center accelerator optimized for video processing
Advanced Micro Devices Inc. today debuted a new data center accelerator, the Alveo MA35D, that will help companies such as streaming providers process video more efficiently. The MA35D is the successor to an earlier product called the Alveo U30. It can process four times as many 1080p video streams at once, for a total of ...
Chroma bags $18M to speed up AI models with its embedding database
Updated: Database provider Chroma Inc. today announced that it has raised $18 million in seed funding. This Chroma funding round is expected to accelerate the company’s growth and expansion plans. The investment was led by Quiet Capital. Executives from Hugging Face Inc. and more than a half-dozen other tech companies contributed as well. San Francisco-based Chroma is ...
Strivacity raises $20M to ease application access management for developers
Strivacity Inc., a startup that helps developers manage application signup and login requests, has raised $20 million in fresh funding. Announced on Tuesday, the investment is described as a Series A2 funding round. SignalFire led the round with participation from Ten Eleven Ventures. Mandiant Chief Executive Officer Kevin Mandia and Jack Huffard, a co-founder of ...
AWS partners with De Beers to grow artificial diamonds for quantum networking
Amazon Web Services Inc. has partnered with De Beers PLC to make diamonds for quantum networks, according to a new report. Bloomberg reported today that the partnership involves a De Beers subsidiary called Element Six. The subsidiary has opened a plant in Oregon that can grow millions of artificial diamonds per year for networking purposes. ...
UK regulator tentatively proposes investigation into cloud market
Ofcom, the regulator that oversees the U.K.’s telecommunications sector, is proposing to launch an investigation into the local public cloud market. The proposal was released today. It calls for the probe to be conducted by the Competition and Markets Authority, or CMA, the U.K.’s antitrust regulator. But Ofcom’s suggestion is only tentative: It will make ...
AWS Supply Chain launches into general availability with new features
Amazon Web Services Inc. launched AWS Supply Chain, its cloud-based inventory monitoring and forecasting application, into general availability Monday after the application made its debut at cloud giant’s re:Invent conference last December. Retailers must avoid situations where a store has insufficient merchandise in stock to meet customer demand. At the same time, they must also ensure that ...
Covariant raises $75M for its AI-powered warehouse robots
Covariant, a startup developing warehouse robots that can be deployed faster than traditional automation hardware, has raised $75 million in funding. The company disclosed the investment today. The capital was provided as an extension to a Series C round that it had originally announced in 2021. Radical Ventures and Index Ventures co-led the new investment, while ...
AWS launches new accelerator program for generative AI startups
Amazon Web Services Inc. today launched an accelerator program to support startups in generative artificial intelligence. Applications for the AWS Generative AI Accelerator, as the program is called, opened today. Startups have until April 17 to apply. The program is geared toward startups that have a minimal viable product, are seeing at least “some” traction ...