Maria Deutscher
Latest from Maria Deutscher
Startups Flexport and Carta announce layoffs
Flexport Inc. and Carta Inc., two startups that received valuations in excess of $7 billion following their most recent funding rounds, are reducing their headcount. Flexport, which provides a cloud-based logistics platform, will let go 20% of its workforce or about 640 employees. Co-Chief Executive Officers Dave Clark and Ryan Petersen announced the move in ...
Apple reportedly developing custom displays for its devices
Apple Inc. is designing custom displays for its handsets and smartwatches, according to a new report. Bloomberg reported late Tuesday that the custom displays will be based on microLED pixels, the newest and most advanced screen technology on the market. The technology is not yet widely used in the mobile industry. To date, hardware makers ...
US flight departures starting to resume after FAA system experiences outage
Domestic air travel in the U.S. has begun resuming after an outage in one of the Federal Aviation Administration’s systems halted thousands of flight departures today. The outage affected the FAA’s Notice to Air Missions, or NOTAM, system. The system is responsible for notifying pilots about closed runways, airport equipment issues and potential hazards along ...
Amazon makes Buy with Prime widely available for US retailers
Amazon.com Inc. today announced plans to expand the availability of Buy with Prime, a service that enables other online retailers to use its logistics network and payment processing system. Amazon first announced Buy with Prime last April. The service, which was until now available on an invite-only basis, will become broadly accessible to online retailers ...
IonQ acquires quantum networking startup Entangled Networks
IonQ Inc. today announced that it has acquired Entangled Networks Ltd., a startup that develops networking technology for linking together quantum processors, for an undisclosed amount. NYSE-listed IonQ develops quantum computers based on trapped ion technology. The technology implements qubits, the basic building blocks of quantum computers, as ionized atoms. The company uses lasers to ...
Report: Microsoft could invest $10B in OpenAI at $29B valuation
Microsoft Corp. has reportedly held talks with OpenAI LLC about buying a $10 billion stake in the artificial intelligence research group. Semafor reported the discussions today, citing multiple sources familiar with the matter. The sources believe that Microsoft could be joined by multiple venture capital firms in the investment. Internal OpenAI documents reportedly suggest that ...
Payment processing provider Nuvei to buy rival Paya for $1.3B
Payment processing provider Nuvei Corp. today announced that it has inked a deal to acquire rival Paya Holdings Inc. for $1.3 billion. The all-cash transaction values Paya at $9.75 per share, a 25% premium to the last closing price of the company’s stock. Nuvei plans to finance the transaction with cash on hand, an existing credit ...
Microsoft acquires data center chip startup Fungible
Microsoft Corp. today announced that it has acquired Fungible Inc., a venture-backed data center chip startup. The financial terms of the acquisition were not disclosed. However, Blocks and Files reported that the transaction is valued at $190 million. Microsoft will implement Fungible’s technology in the data centers that power its Azure cloud platform. In addition ...
Vista Equity Partners to acquire insurance software maker Duck Creek for $2.6B
Duck Creek Technologies Inc., a major software supplier to the insurance indusstry, has agreed to be acquired by Vista Equity Partners for $2.6 billion. The deal was announced this morning. The $2.6 billion that Vista has agreed to pay for Duck Creek values the software maker at $19 per share, a 46% premium to the ...
Apple reportedly delays mixed reality headset launch and cancels iPhone SE 4
Apple Inc. is reportedly delaying the launch of its mixed reality headset and won’t introduce a new iPhone SE handset next year as originally expected. MacRumors reported the changes to the company’s product roadmap today and late Thursday, citing respected industry analyst Ming-Chi Kuo. Last June, it was reported that Apple planned to debut its ...