Maria Deutscher
Latest from Maria Deutscher
Intel lowers manager and executive pay after earnings miss
Intel Corp. is cutting the base pay of some managers and its executive team as part of an effort to lower expenses by up to $10 billion annually. Reports of the pay cuts emerged this morning. The development comes a few days after Intel posted its fourth-quarter financial results, which fell far short of analyst ...
OpenAI launches tool for detecting AI-generated text
OpenAI LLC today introduced a cloud-based tool that can help users determine whether a piece of text was written by artificial intelligence. The tool, which is available at no charge, is itself based on an AI model. It can detect text generated by not only OpenAI’s neural networks but also competing software from other companies. ...
Saviynt raises $205M in debt financing as founder returns to CEO post
Fast-growing cybersecurity startup Saviynt Inc. today disclosed that it has raised $205 million in debt financing from AB Private Credit Investors. In conjunction, Saviynt announced that founder Sachin Nayyar is returning to the role of chief executive. Nayyar was the startup’s CEO from its launch in 2011 to 2018. After leaving Saviynt, the executive launched ...
NetApp lets go 8% of its workforce in cost-cutting push
Data management provider NetApp Inc. today announced plans to let go about 960 employees, or 8% of its global workforce. The move comes two months after the company projected that its next quarterly earnings results will fall short of expectations. At the end of November, NetApp stated that it was expecting to generate $1.525 billion to ...
Apple could reportedly debut foldable iPad in 2024
Apple Inc. is developing a foldable version of the iPad and an upgraded iPad Mini, according to respected mobile industry analyst Ming-Chi Kuo. Kuo stated in a series of tweets this morning that Apple’s foldable tablet could make its debut as early as 2024. The new iPad Mini, in turn, is expected to launch the ...
Marqeta acquires financial technology startup Power Finance in $223M+ deal
Marqeta Inc. today announced plans to acquire Power Finance Inc., a financial technology startup that exited stealth mode last year, for $223 million in cash. Marqeta will pay an additional $53 million if an undisclosed performance milestone is met following the deal’s completion. Power Finance is expected to reach that milestone within 12 months. Prior ...
Google develops new AI system for generating high-fidelity music
Google LLC researchers have developed an artificial intelligence system that can generate high-fidelity music based on a text description provided by the user. Google detailed the system in a Jan. 26 research paper spotted today by TechCrunch. The AI, known as MusicLM, was trained on 280,000 hours of audio. It’s based on an earlier AI-powered music ...
Report: OpenAI hired 1,000 contractors to improve its AI models’ coding capabilities
OpenAI LLC has reportedly hired about 1,000 contractors over the past six months to help hone its artificial intelligence models’ coding capabilities. Semafor reported the development today, citing people familiar with the matter. OpenAI has built an AI system called Cortex that can automatically generate code snippets based on text prompts. Cortex is trained on ...
Google pledges e-commerce transparency improvements to address EU concerns
Google LLC will update four of its services to address concerns raised by consumer protection regulators in the European Union. The update, announced on Thursday, will affect the Play Store and the Google Store, as well as Google Hotels and Google Flights. The planned changes focus mainly on e-commerce purchases. A key goal of the ...
Mirantis acquires application management startup Shipa
Mirantis Inc. has acquired Shipa Inc., a venture-backed startup that helps developers more quickly deploy software container applications in production. Mirantis detailed in its announcement of the deal today that Shipa’s technology will be integrated into its Lens application. Mirantis obtained Lens through the acquisition of another startup, Lakend Labs Inc., in 2020. The application ...