Maria Deutscher
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Amazon reportedly launches extensive cost-cutting review
Amazon.com Inc. has launched an internal review focused on finding opportunities to reduce expenses, the Wall Street Journal reported today. Sources familiar with the matter told the Journal that the review is being led by Amazon Chief Executive Officer Andy Jassy. According to the sources, the initiative is “much more extensive” than a similar effort ...
IBM debuts new quantum processor with 433 qubits
IBM Corp. today debuted a new quantum processor dubbed Osprey that features 433 qubits, more than three times as many as its previous-generation chip. IBM developed Osprey as part of a long-term research effort focused on developing a large-scale quantum computer. It’s believed that such a system would be capable of performing calculations too complex ...
Blockchain intelligence startup TRM Labs raises $70M in additional funding
TRM Labs Inc., a startup with a platform for tracking digital asset transactions, today announced that it has secured a $70 million investment led by Thoma Bravo. The investment was provided as an extension to a Series B funding round that TRM Labs had announced in late 2021. In the first part of the Series B ...
Nvidia teams up with Rescale to simplify cloud-based AI projects
Nvidia Corp. has partnered with Rescale Inc., a high-performance computing startup, to ease the task of running artificial intelligence applications on public cloud infrastructure. Announced today, the partnership includes multiple components. Rescale will integrate its technology with several of Nvidia’s AI development and deployment tools. Additionally, the startup is rolling out a software capability that ...
Meta lays off 11,000 employees in first major workforce reduction since launch
Meta Platforms Inc. is letting go more than 11,000 employees, or about 13% of its workforce, in what represents the first major round of layoffs at the company since its launch. Meta Chief Executive Officer Mark Zuckerberg announced the layoffs in a memo released today. The announcement was widely anticipated, with the Wall Street Journal ...
Zoom rolls out new email and calendar tools
Zoom Video Communications Inc. is upgrading its videoconferencing platform with a new set of email and calendar features. The features made their debut today at the company’s annual Zoomtopia 2022 product event. During the event, Zoom also introduced an artificial intelligence assistant for fielding customer support requests and new developer tools. Users can now access ...
Renault names Google Cloud its preferred cloud provider
Automaker Renault SA today named Google LLC’s cloud business as its preferred cloud provider. Renault is one of the world’s largest car and van manufacturers. In 2021, the France-based company sold 2.7 million vehicles and generated revenue of more than than 45 billion euros. Renault has used Google Cloud since 2018 to support internal technology ...
Chiplet interconnect startup Eliyan raises $40M in funding
Eliyan Corp., a startup developing technology for building chiplet-based processors, today announced that it has closed a $40 million funding round. The Series A round was led by Tracker Capital. Celesta Capital participated as well along with Intel Capital and Micron Ventures. Eliyan is developing a technology called NuLink that makes it possible to build ...
Palantir shares decline 11% after mixed third-quarter results
Shares of Palantir Technologies Inc. declined more than 11% today after the company posted mixed financial results for the third quarter ended Sept. 30. Palantir sells two software products, Gotham and Foundry, that enable organizations to analyze data from multiple sources. Gotham is designed for use by government agencies. Foundry is primarily geared towards private ...
OutSystems acquires mobile app development startup Ionic
Low-code software development specialist OutSystems Inc. today announced that it has acquired Ionic, a startup with a popular suite of tools for building mobile apps. The terms of the acquisition were not disclosed. OutSystems is a Boston-based startup backed by more than $572 million in funding. It provides a low-code development platform that enables software ...