Maria Deutscher
Latest from Maria Deutscher
Fast-growing cybersecurity startup Saviynt Inc. today disclosed that it has raised $205 million in debt financing from AB Private Credit Investors. In conjunction, Saviynt announced that founder Sachin Nayyar is returning to the role of chief executive. Nayyar was the startup’s CEO …
NetApp lets go 8% of its workforce in cost-cutting push
Data management provider NetApp Inc. today announced plans to let go about 960 employees, or 8% of its global workforce. The move comes two months after the company projected that its next quarterly earnings results will fall short of expectations. At the end …
Apple could reportedly debut foldable iPad in 2024
Apple Inc. is developing a foldable version of the iPad and an upgraded iPad Mini, according to respected mobile industry analyst Ming-Chi Kuo. Kuo stated in a series of tweets this morning that Apple’s foldable tablet could make its debut as early …
Marqeta acquires financial technology startup Power Finance in $223M+ deal
Marqeta Inc. today announced plans to acquire Power Finance Inc., a financial technology startup that exited stealth mode last year, for $223 million in cash. Marqeta will pay an additional $53 million if an undisclosed performance milestone is met following the deal’s …
Google develops new AI system for generating high-fidelity music
Google LLC researchers have developed an artificial intelligence system that can generate high-fidelity music based on a text description provided by the user. Google detailed the system in a Jan. 26 research paper spotted today by TechCrunch. The AI, known as MusicLM, was …
Report: OpenAI hired 1,000 contractors to improve its AI models’ coding capabilities
OpenAI LLC has reportedly hired about 1,000 contractors over the past six months to help hone its artificial intelligence models’ coding capabilities. Semafor reported the development today, citing people familiar with the matter. OpenAI has built an AI system called Cortex that …
Google pledges e-commerce transparency improvements to address EU concerns
Google LLC will update four of its services to address concerns raised by consumer protection regulators in the European Union. The update, announced on Thursday, will affect the Play Store and the Google Store, as well as Google Hotels and Google Flights. …
Mirantis acquires application management startup Shipa
Mirantis Inc. has acquired Shipa Inc., a venture-backed startup that helps developers more quickly deploy software container applications in production. Mirantis detailed in its announcement of the deal today that Shipa’s technology will be integrated into its Lens application. Mirantis obtained Lens …
IDC: Smartphone sales dropped 18.3% in the fourth quarter
Worldwide smartphone shipments declined 18.3% year-over-year during the fourth quarter in the biggest such drop on record, according to International Data Corp. research. Preliminary data released by IDC today indicates that consumers bought 300.3 million handsets in the last three months of …
Mobileye more than doubles adjusted profit in fourth quarter
Vehicle chip supplier Mobileye Global Inc. today posted strong fourth-quarter financial results that topped analysts’ expectations. The company’s adjusted net income jumped 121% year-over-year in the three months ended Dec. 31, to $217 million. That translated into adjusted earnings per share of …