Maria Deutscher
Latest from Maria Deutscher
Mistral AI debuts new Magistral series of reasoning LLMs
Mistral AI SAS today introduced Magistral, a new lineup of reasoning-optimized large language models. The LLM series includes two algorithms on launch. The first, Magistral Small, is available under an open-source license and features 24 billion parameters. It’s joined by a more capable, proprietary model called Magistral Small that will be available through Mistral AI’s ...
Pactum raises $54M for its procurement automation platform
Pactum AI Inc., a startup that helps companies secure more favorable contractual terms from their suppliers, has closed a $54 million funding round led by Insight Partners. The Series C investment was announced today. It comes about a year after Pactum’s previous raise, a $20 million round backed by shipping giant Maersk AS. The company ...
IonQ to buy Oxford Ionics in $1B+ quantum hardware acquisition
IonQ Inc. today announced plans to acquire Oxford Ionics Ltd, a fellow developer of quantum computing chips, for $1.075 billion. The company will finance the deal with a combination of its own stock and $10 million in cash. The acquisition is expected to close by year’s end. Both IonQ, which trades on the NYSE, and ...
Qualcomm acquires chip designer Alphawave for $2.4B
Qualcomm Inc. is acquiring Alphawave IP Group plc, a U.K.-based provider of technology for linking together chips, in a $2.4 billion deal. The companies announced the transaction today. It doesn’t come as a surprise: Qualcomm first disclosed plans to make a bid for Alphawave in early April. Its offer amounts to £1.83 per share, a ...
Thread AI raises $20M for its AI-powered workflow automation platform
Thread AI Inc., a startup that helps organizations automate business tasks using artificial intelligence, has raised $20 million in funding. The company announced the Series A round on Thursday. It was led by Greycroft with participation from Scale Venture Partners, Plug-and-Play, Meritech Capital and Homebrew. Index Ventures, the largest investor in Thread AI’s previous round, ...
Cryptocurrency exchange operator Gemini files to go public
Gemini Space Station Inc., the operator of a popular cryptocurrency exchange, today confidentiality filed to go public. The move comes about four months after rumors first emerged that a listing is in the works. A few weeks later, Bloomberg reported that Gemini had hired Goldman Sachs Group Inc. and Citigroup Inc. to manage the offering. ...
OpenAI to retain deleted ChatGPT conversations following court order
OpenAI will retain users’ deleted ChatGPT conversations to comply with a recently issued court order. Brad Lightcap, the artificial intelligence developer’s chief operating officer, disclosed the move in a late Thursday blog post. When users delete ChatGPT prompts and the chatbot’s responses, OpenAI usually retains the data for 30 days before permanently erasing it. Going ...
Anysphere raises $900M for its AI-powered Cursor code editor
Confirming recent rumors, code editor startup Anysphere Inc. today announced that it has closed a $900 million funding round. OpenAI backer Thrive Capital led the raise. It was joined by several other institutional investors including Andreessen Horowitz, Accel and DST Global. Bloomberg reported that Anysphere is now worth $9.9 billion, nearly four times what it ...
Anduril raises $2.5B in funding to finance manufacturing initiatives
Defense technology startup Anduril Industries Inc. today announced that it has raised $2.5 billion in new funding. Lead investor Founders Fund contributed $1 billion to the round. According to Anduril, a number of unnamed returning backers participated as well. The investment values the company at $30.5 billion, more than double what it was worth following ...
Collibra acquires Raito to enhance its data security capabilities
Data management provider Collibra Inc. has acquired Raito BV, a startup that helps enterprises manage employee access to their business information. The companies announced the deal today without disclosing the financial terms. Raito, which was founded four years ago by former Collibra employees, has raised €4 million in funding. Collibra is backed by about $595 ...