Maria Deutscher
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Meta develops AI system for reviewing Wikipedia citations
Meta Platforms Inc. has developed an artificial intelligence system that can scan a Wikipedia article, analyze the sources cited by the article and identify if some of them may need to be changed. Meta detailed the AI system today. The company also released the code for the system under an open-source license. Wikipedia editors ensure ...
Report: Google proposed spinning off parts of ad tech unit to avoid antitrust lawsuit
Google LLC has raised the possibility of spinning off parts of its advertising technology business into a separate company, the Wall Street Journal reported today. After the spinoff, the new company would reportedly operate under the Alphabet Inc. corporate umbrella. Alphabet is the holding company that includes Google. The proposed spinoff is said to be ...
Cyber insurance startup Coalition valued at $5B after latest $250M funding round
Startup Coalition Inc., which provides cybersecurity insurance policies and breach detection software for businesses, today announced that it has secured a $250 million funding round at a $5 billion valuation. The funding was provided by a consortium that included insurance giant Allianz SE’s Allianz X investment arm, Valor Equity Partners, Kinetic Partners and others. Coalition’s ...
Adaptive raises $6.5M to simplify accounting for construction companies
Adaptive Real Estate Inc. on Wednesday announced that it has secured a $6.5 million funding round led by Andreessen Horowitz. The round also included the participation of investment firms 3KVC, BoxGroup, Exponent and Definition. Executives from prominent financial technology startups such as Airbase Inc., Brex Inc. and Ramp Business Corp. participated as well, TechCrunch reported ...
SUSE posts 18% sales growth amid continued enterprise demand
Enterprise software maker SUSE SA today reported its second-quarter financial results, disclosing that its adjusted revenue grew 18% year-over-year, to $161.3 million. The company also posted a significant profit increase during the three months ended April 30. Germany-based SUSE provides a Linux distribution known as SUSE Server that is widely used in the enterprise. The ...
Healthcare software provider Tebra secures $72M+ investment
Tebra Technologies Inc., a provider of software for independent healthcare practices, today announced that it has raised more than $72 million in new financing at a valuation exceeding $1 billion. The company says that the investment included a mix of equity and debt financing. It was led by Golub Capital, a major asset manager. Newport ...
Logistics startup Flexe closes $119M funding round at $1B+ valuation
Flexe Inc., a Seattle-based startup helping retailers optimize their supply chains, has secured $119 million in fresh funding at a valuation exceeding $1 billion. Flexe announced the funding round this morning. The round included contributions from new investor BlackRock as well as an array of returning backers. Activate Capital, Madrona Ventures, Prologis Ventures, Redpoint Ventures, ...
Amazon inks food delivery partnership with Just Eat Takeaway
Amazon.com Inc. today announced a partnership with Just Eat Takeaway.com N.V., a publicly traded company that operates more than a half-dozen food delivery platforms. The partnership focuses on Just Eat Takeaway’s Grubhub subsidiary. Grubhub, which became part of the company through a $7.3 billion acquisition last year, operates one of the most popular food delivery ...
Microsoft’s proposed Activision Blizzard acquisition faces new UK antitrust probe
The U.K.’s antitrust regulator, the Competition and Markets Authority, today launched an investigation into Microsoft Corp.’s proposed acquisition of Activision Blizzard Inc. for $68.7 billion. Activision Blizzard is one of the world’s largest video game companies. It generated revenues of $8.8 billion billion during its 2021 fiscal year. If approved, Microsoft’s acquisition of Activision Blizzard ...
Meta open-sources advanced AI text translation system with 50B+ parameters
Meta Platforms Inc. today released the code for NLLB-200, an internally developed artificial intelligence system capable of translating text across 200 languages. The company is also releasing a set of tools designed to help researchers more easily apply NLLB-200 in software projects. Many of the 200 languages that NLLB-200 understands are not supported well by ...