Maria Deutscher
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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 ...
Samsung expects 69% drop in fourth-quarter profit as revenue drops
Samsung Electronics Co. Ltd. today reported preliminary financial results for the fourth quarter, disclosing that both its profit and revenue declined in the last three months of 2022. Samsung estimates that its profit dropped 69% year-over-year, to 4.3 trillion won or about $3.37 billion. The company’s estimate fell significantly short of market expectations. Analysts polled ...
Confluent acquires stream processing startup Immerok
Confluent Inc. today announced plans to buy Immerok GmbH, a startup with a platform that makes it easier to develop stream processing applications. The terms of the deal were not disclosed. Germany-based Immerok previously raised $17 million from investors. A stream processing application is a program that processes data in near real-time. A cybersecurity tool, ...
AMD introduces array of new data center and consumer chips
Advanced Micro Devices Inc. is expanding its product portfolio with an array of new processors designed for use in data centers and personal computers. AMD Chief Executive Officer Lisa Su (pictured) debuted the processors late Wednesday at the CES 2023 consumer electronics event in Las Vegas. Expanded data center portfolio AMD is expanding its data center ...
FTC proposes rule to ban noncompete agreements in worker contracts
The U.S. Federal Trade Commission today proposed a new rule that would ban companies from including noncompete clauses in employment contracts. Noncompete clauses prohibit a company’s employees from seeking or accepting work at rival businesses. In some cases, such clauses also impose additional restrictions on employees. “The freedom to change jobs is core to economic ...
Snowflake acquires machine learning startup Myst AI
Snowflake Inc. is acquiring Myst AI, a startup that offers an artificial intelligence development platform for companies in the energy sector. Snowflake announced the acquisition on Wednesday. The financial terms of the transaction were not disclosed. Energy companies use AI models to predict electricity price fluctuations, changes in customer demand and other trends. San Francisco-based ...