Maria Deutscher
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China’s Baidu debuts its first quantum computer
Baidu Inc. today debuted its first quantum computer, along with a technology that will enable users to access the system via the cloud. Beijing-based Baidu, one of China’s largest tech firms, operates a popular search engine and also provides other online services. The company actively invests in quantum computing through its research division, Baidu Research. ...
Intel debuts Flex graphics card series for the data center market
Intel Corp. today expanded its data center chip portfolio with a new lineup of graphics processing units, the Flex Series, that’s optimized for use in servers. The Flex Series includes two GPUs on launch. The first GPU includes 16 graphics processing cores and 12 gigabytes of onboard memory, while the second features twice as many ...
Apple to debut iPhone 14 lineup and upgraded smartwatches at Sept. 7 event
Apple Inc. today distributed media invitations for a Sept. 7 product event where it’s expected to debut new iPhones and refresh the Apple Watch. The event is set to take place at the Steve Jobs Theater on the site of Apple’s corporate headquarters in Cupertino, California. It’s believed that the company will debut its next-generation ...
Carbon Direct raises $60M to help companies reduce their carbon emissions
Carbon Direct Inc., a New York-based startup that helps companies reduce their carbon emissions, has raised $60 million in fresh funding. The funding round was led by Decarbonization Partners and Quantum Energy Partners. Founded in 2019, Carbon Direct provides a platform through which companies can invest in sustainability initiatives to offset their carbon emissions. Additionally, ...
Rookout reels in $16M to help developers fix code errors faster
Developer tooling startup Rookout Ltd. today disclosed that it has secured a $16 million funding round led by Fort Ross Ventures. The Series B round included the participation of a half dozen other investors as well, including Cisco Systems Inc., which is also a Rookout customer. The startup has raised a total of $28.2 million ...
Intel to invest up to $30B in chip fabs with asset manager Brookfield
Intel Corp. and Brookfield Asset Management, a major investment firm, will jointly invest as much as $30 billion to build new processor manufacturing plants. Intel announced the initiative today. Brookfield is a Toronto-based investment firm with more than $725 billion in assets under management. As part of its partnership with Intel, the firm will provide ...
Process mining firm Celonis secures $1B in financing at nearly $13B valuation
Celonis Inc., a company with a software platform designed to help companies increase their operational efficiency, today announced that it has secured $1 billion in new financing. The financing includes a $400 million equity investment and a five-year revolving credit facility worth up to $600 million. The $400 million investment was led by the Qatar ...
Intel shares new details about upcoming Meteor Lake processor series
Intel Corp. has shared new technical details about Meteor Lake, an upcoming series of desktop and laptop processors that will feature chiplet technology. Intel detailed the processor series today ahead of its presentation at Hot Chips, a major semiconductor industry event. Intel historically implemented all the transistors that comprise a chip on a single piece ...
Oracle faces privacy lawsuit over data collection practices
Oracle Corp. is facing a new privacy lawsuit in California over its data collection practices, TechCrunch reported today. The lawsuit was filed on Friday with the U.S. District Court for the Northern District of California. The plaintiffs are Johnny Ryan, a senior fellow at the Irish Council for Civil Liberties, Michael Katz-Lacabe, the director of ...
Financial technology specialist CSI to be acquired for $1.6B
Investment firms Centerbridge Partners and Bridgeport Partners are acquiring financial technology company Computer Services Inc. in a $1.6 billion deal. CSI announced the acquisition this morning. The deal’s $1.6 billion price tag values the company at $58 per share, a 53% premium to the Friday closing price of its stock. Founded in 1965, CSI provides ...