Maria Deutscher
Latest from Maria Deutscher
Mistral AI open-sources new Codestral large language model for developers
Artificial intelligence startup Mistral AI today debuted Codestral, a large language model optimized for software development tasks. The launch comes amid reports that the company is in the process of raising a sizable new funding round. Earlier this month, sources told Wall Street Journal that Mistral is seeking $600 million from investors at a $6 ...
Frore Systems nabs $90M for its solid-state chip cooling technology
Startup Frore Systems Inc. has raised $90 million to commercialize its AirJet devices, which cool chips by moving air over them at speeds exceeding 100 miles per hour. The company announced the funding round, a Series C investment, today. It said that Fidelity Management & Research was the lead investor. The round also drew contributions ...
Arm debuts new flagship mobile CPU and GPU designs
Arm Holdings plc today debuted a new top-end core design, the Cortex-X925, that can be used to build central processing units for handsets and personal computers. The design is rolling out alongside a graphics processing unit blueprint called the Immortalis-G925. According to Arm, it speeds up rendering by reducing the need to perform a type ...
Data privacy startup Zendata launches with $2M in funding
Zendata Inc., a new startup that provides data privacy software for enterprises, launched this morning with $2 million in seed funding. The capital was provided by PayPal Ventures, First-hand Alliance, Geek Ventures and Altari Ventures. Zendata also disclosed that it has been accepted into an eight-week accelerator program run by Race Capital, an early Databricks Inc. ...
Transcend reels in $40M for its data privacy management toolkit
Transcend Inc., a startup that helps enterprises process their users’ data in a manner that complies with privacy regulations, has secured a $40 million funding round. The company said in its announcement of the raise today that StepStone Group was the lead investor. HighlandX, Accel, Index Ventures, 01 Advisors (01A), Script Capital and South Park ...
Bridgepoint acquires majority stake in intranet startup LumApps at $650M valuation
Private equity firm Bridgepoint is acquiring a majority stake in LumApps SAS, a French startup with an internet platform used by about 5 million workers. The companies said in their announcement of the deal on Monday that it’s worth $650 million. LumApps previously raised more than $100 million in funding from institutional investors. Four of ...
OpenAI forms safety and security committee to oversee AI projects as it trains next model
OpenAI today announced the formation of a committee that will be tasked with ensuring its machine learning research is carried out safely. The Safety and Security Committee, as the panel is called, comprises nine members. It will be led by OpenAI Chief Executive Officer Sam Altman and three other directors, including board Chair Bret Taylor. ...
OpsMill launches open-source Infrahub platform to ease network data management
Startup OpsMill today launched Infrahub, a new open-source platform designed to help enterprises manage their network configuration data. Paris-based OpsMill is led by Chief Executive Officer Damien Garros and Chief Operating Officer Raphael Maunier. Maunier previously co-founded infrastructure company France-IX, which operates facilities that internet providers use to transfer data traffic between their networks. OpsMill ...
Apple will reportedly introduce AI-generated emojis, LLM-powered Siri with iOS 18
Apple Inc. is reportedly preparing to embed new artificial intelligence models into several components of iOS including the built-in emoji library and Siri. Bloomberg reported the upcoming enhancements on Sunday, citing sources familiar with the matter. Apple is expected to unveil the features at its WWDC 2024 developer event next month. The upgrades are expected ...
Report: China sets up $47.5B fund to boost its semiconductor sector
China has reportedly set up a fund with 344 billion yuan, or $47.5 billion, in capital to boost its domestic semiconductor sector. Citing a regulatory filing, Reuters reported today that the fund was established last Friday. It’s the third and largest in a series of three state-backed investment vehicles created to support local semiconductor companies. ...