Maria Deutscher
Latest from Maria Deutscher
Arm Ltd. is developing a test chip designed to demonstrate the capabilities of its technology to customers, according to a new report. The Financial Times on Sunday cited sources as saying that the project is Arm’s “most advanced” chipmaking initiative to date. …
Lyft reportedly preparing to let go 30% of workforce
Lyft Inc. is reportedly planning to let go 30% of its workforce, or about 1,200 employees, in a bid to halve its operating expenses. The Wall Street Journal reported the plan today, citing sources familiar with the matter. Lyft confirmed the upcoming …
Weaviate reels in $50M for its AI-optimized vector database
Open-source database startup Weaviate B.V. today announced that it has secured a $50 million investment led by Index Ventures. Battery Ventures participated as well along with returning backers NEA, Cortical Ventures, Zetta Venture Partners and ING Ventures. The Series B round brings …
Google merges its DeepMind and Google Brain AI research groups
Google LLC parent Alphabet Inc. is merging its two main artificial intelligence research groups into a single unit. Alphabet Chief Executive Officer Sundar Pichai announced the move in a blog post published today. The search giant’s DeepMind and Google Brain groups are becoming …
Seagate reports quarterly revenue drop and cost cuts amid storage market slowdown
Seagate Technology Holdings plc, a major manufacturer of disk storage, today reported fiscal third-quarter revenues that slightly exceeded the low end of its guidance. In conjunction, the company announced a new restructuring initiative intended to reduce costs. Seagate is aiming to lower its …
Report: Google developing generative AI advertising technology
Google LLC plans to equip its Performance Max advertising service with generative artificial intelligence features, according to a new report. The Financial Times reported the company’s plan today, citing a source and an internal presentation. Google is expected to roll out the …
Stability AI releases open-source language model
Artificial intelligence startup Stability AI Ltd. today released StableLM, an open-source language model that can generate text and code. StableLM is the first in a series of language models that the startup plans to build. Future additions to the series are set …
VMware launches initiative to help partners build managed services faster
VMware Inc. is launching a new initiative detailed Tuesday that will enable partners to more quickly develop managed services powered by its software. “VMware Cross-Cloud managed services is yet another example of how we will empower partners to expand and grow their VMware businesses …
Coro reels in $75M to simplify cybersecurity for midsized companies
Coro Cyber Security Ltd., a fast-growing developer of cybersecurity software for midsized companies, today announced that it has raised $75 million in funding. The startup describes the investment as a Series 2C round. The capital was provided entirely by Energy Impact Partners. …
Google Cloud reorganizes its professional service offerings into new portfolio
Google LLC’s cloud business is reorganizing its professional service offerings into a new, centralized portfolio called Google Cloud Consulting. The move was announced today. It follows a year in which Google Cloud made significant investments to expand its professional services practice. The …