Maria Deutscher
Latest from Maria Deutscher
H, a new Paris-based AI startup, raises $220M from prominent investors
A new startup known simply as H has closed a mammoth $220 million seed round to build cutting-edge artificial intelligence models. The Paris-based company, which is incorporated as H.ai SAS, disclosed the raise today. The round included contributions from Accel and other investment firms, as well as several major tech industry players: H said Amazon.com ...
AI training data provider Scale AI closes $1B round at $13.8B valuation
Scale AI Inc., a startup that helps OpenAI and Nvidia Corp. train their artificial intelligence models, has received a $13.8 billion valuation in a late-stage $1 billion funding round announced today. Accel was the lead investor in the Series F round. Nvidia took part as well along with Intel Corp. and Advanced Micro Devices Inc., ...
Google to invest €1B in Finland data center expansion
Google LLC will invest €1 billion, or $1.1 billion, to expand a data center campus it built in southern Finland more than a decade ago. The Verge reported the plan today. A Google spokesperson told the publication that the data center expansion is designed to “further unlock the potential of AI,” which hints the company ...
Microsoft debuts Copilot+ PCs with range of AI and cybersecurity boosts
Microsoft Corp. today debuted Copilot+, a technical standard for personal computers optimized to run artificial intelligence models. Executives detailed the specification at an event held on the premises of the company’s Redmond, Washington headquarters. They used the opportunity to preview the first PCs built based on the Copilot+ standard. All the new devices will ship ...
CyberArk acquires cybersecurity provider Venafi for $1.54B
CyberArk Software Ltd. today announced that it has inked a deal to acquire Venafi Inc., a fellow provider of cybersecurity software, for $1.54 billion. CyberArk is purchasing the company from Thoma Bravo. The acquisition price is about $400 million higher than what the private equity firm paid to buy Venafi in 2020. Under the terms ...
Report: Snowflake in talks to acquire AI model developer Reka AI for $1B+
Snowflake Inc. is reportedly holding talks to acquire Reka AI Inc., a venture-backed provider of large language models. Sources told Bloomberg late Thursday that a deal could value the startup at more than $1 billion. The news comes a few weeks after Reka debuted a new LLM, Reka Core, that it says is competitive with ...
EU asks Microsoft to provide information about Bing’s generative AI features
European Union officials have issued Microsoft Corp. a legally binding request for information about two generative artificial intelligence features in Bing. The European Commission, the EU’s executive branch, announced the move today. Microsoft has until May 27 to provide the requested information. Failing to do so could lead to potentially significant fines. The request is ...
Frontend development startup Vercel valued at $3.25B following new $250M round
Vercel Inc., a startup that helps developers build web application frontends faster, has secured $250 million in fresh funding at a $3.25 billion valuation. Reuters reported the Series E investment today. It was led by Accel with participation from Alphabet Inc.’s GV startup fund, CRV and a half-dozen other investors. Vercel’s annual recurring revenue reportedly ...
EU launches probe into Meta over compliance with child safety rules
The European Commission today launched a probe to determine whether Meta Platforms Inc.’s child safety efforts may have fallen short of regulatory requirements. The move comes only weeks after the commission, the European Union’s executive branch, announced another investigation into the social media giant. The latter probe focuses on Meta’s handling of disinformation on its ...
Business intelligence startup Sigma closes $200M round at $1.5B valuation
Sigma Computing Inc., the developer of a business intelligence platform designed to analyze information in cloud data warehouses, today announced that it has raised $200 million from investors. Spark Capital and Avenir Growth Capital led the Series D round. They were joined by a half-dozen other backers, including Snowflake Ventures. The investor group’s capital infusion ...