Maria Deutscher
Latest from Maria Deutscher
Tahoe Therapeutics raises $30M to develop AI models for medical research
Tahoe Therapeutics Inc., a startup using artificial intelligence to speed up medical research, today announced that it has closed a $30 million investment. Amplify Partners led the funding round. It was joined by Databricks’ venture capital arm and a half dozen other institutional blockers. Tahoe is now valued at $120 million. Oncological research could be ...
SoftBank buys Foxconn plant in Ohio for $375M to make AI servers
SoftBank Group Corp. has reportedly bought a Foxconn plant in Ohio to advance its Stargate data center collaboration with OpenAI. Bloomberg revealed the purchase today. Foxconn, officially Hon Hai Precision Industry Co., is the world’s largest contract electronics manufacturer. It assembles Apple Inc.’s iPhones and supplies servers to multiple cloud providers. The company is also ...
Google Finance receives new AI market tracking features
Google LLC today debuted a new version of its Google Finance financial data search tool that uses artificial intelligence to process queries. The company plans to roll out the upgrade in the U.S. over the coming weeks. Users will have the option to toggle between the new and original version. Introduced in 2006, Google Finance ...
Meta reportedly acquires voice AI startup WaveForms
Meta Platforms Inc. has reportedly acquired WaveForms AI Inc., a developer of artificial intelligence models optimized to understand speech. The Information broke the news on Thursday. It’s unclear how much Meta is paying for WaveForms. Last December, the startup raised $40 million at a $200 million valuation, which suggests the sale price was in the hundreds ...
Ripple to acquire stablecoin payments startup Rail for $200M
Ripple Labs Inc. today announced plans to acquire Rail, a Canadian startup that uses stablecoins to expedite international payments. The deal is worth $200 million, or nearly 20 times the amount of funding that Rail has raised from investors. Ripple expects to complete the transaction by year’s end. San Francisco-based Ripple is the creator of ...
US to roll out 100% chip tariff with exemptions for TSMC, Samsung
The U.S. will apply a 100% tariff to certain chip imports in a bid to encourage domestic semiconductor production. U.S. President Donald Trump announced the move on Wednesday during a White House event. He was joined by Apple Chief Executive Officer Tim Cook, who revealed that the iPhone maker will invest another $100 billion domestically ...
Trump calls on Intel CEO Lip-Bu Tan to step down
U.S. President Donald Trump today called on Intel Corp. Chief Executive Officer Lip-Bu Tan to resign. “The CEO of INTEL is highly CONFLICTED and must resign, immediately,” Trump wrote in a post on his Truth Social social media platform. “There is no other solution to this problem. Thank you for your attention to this problem!” ...
OpenAI reportedly in talks for secondary sale at $500B valuation
OpenAI is in talks to hold a secondary sale that could boost its valuation to $500 billion, multiple publications reported today. A secondary sale is a transaction in which a company’s existing shareholders sell equity. The company itself doesn’t receive any of the proceeds. According to CNBC, OpenAI’s secondary sale will be open to current ...
Extreme Networks shares jump 14% on strong quarterly results
Shares of Extreme Networks Inc. closed 14% higher today after it posted financial results that topped expectations across the board. The company, which makes network equipment and software for managing it, generated $307 million in revenue during the fiscal fourth quarter ended June 30. That’s almost 20% more than a year earlier and 2% above ...
Cohere launches its North AI productivity platform into general availability
Artificial intelligence startup Cohere Inc. today made its North productivity platform generally available. The launch comes about seven months after the offering debuted in early access. Since then, Cohere has built up an initial installed base that includes Dell Technologies Inc., the Royal Bank of Canada and other large enterprises. North provides a chatbot interface ...