Maria Deutscher
Latest from Maria Deutscher
Microsoft Corp. has reportedly held talks with OpenAI LLC about buying a $10 billion stake in the artificial intelligence research group. Semafor reported the discussions today, citing multiple sources familiar with the matter. The sources believe that Microsoft could be joined by …
Payment processing provider Nuvei to buy rival Paya for $1.3B
Payment processing provider Nuvei Corp. today announced that it has inked a deal to acquire rival Paya Holdings Inc. for $1.3 billion. The all-cash transaction values Paya at $9.75 per share, a 25% premium to the last closing price of the company’s stock. …
Microsoft acquires data center chip startup Fungible
Microsoft Corp. today announced that it has acquired Fungible Inc., a venture-backed data center chip startup. The financial terms of the acquisition were not disclosed. However, Blocks and Files reported that the transaction is valued at $190 million. Microsoft will implement Fungible’s …
Vista Equity Partners to acquire insurance software maker Duck Creek for $2.6B
Duck Creek Technologies Inc., a major software supplier to the insurance indusstry, has agreed to be acquired by Vista Equity Partners for $2.6 billion. The deal was announced this morning. The $2.6 billion that Vista has agreed to pay for Duck Creek …
Apple reportedly delays mixed reality headset launch and cancels iPhone SE 4
Apple Inc. is reportedly delaying the launch of its mixed reality headset and won’t introduce a new iPhone SE handset next year as originally expected. MacRumors reported the changes to the company’s product roadmap today and late Thursday, citing respected industry analyst …
Samsung expects 69% drop in fourth-quarter profit as revenue drops
Samsung Electronics Co. Ltd. today reported preliminary financial results for the fourth quarter, disclosing that both its profit and revenue declined in the last three months of 2022. Samsung estimates that its profit dropped 69% year-over-year, to 4.3 trillion won or about …
Confluent acquires stream processing startup Immerok
Confluent Inc. today announced plans to buy Immerok GmbH, a startup with a platform that makes it easier to develop stream processing applications. The terms of the deal were not disclosed. Germany-based Immerok previously raised $17 million from investors. A stream processing …
AMD introduces array of new data center and consumer chips
Advanced Micro Devices Inc. is expanding its product portfolio with an array of new processors designed for use in data centers and personal computers. AMD Chief Executive Officer Lisa Su (pictured) debuted the processors late Wednesday at the CES 2023 consumer electronics event …
FTC proposes rule to ban noncompete agreements in worker contracts
The U.S. Federal Trade Commission today proposed a new rule that would ban companies from including noncompete clauses in employment contracts. Noncompete clauses prohibit a company’s employees from seeking or accepting work at rival businesses. In some cases, such clauses also impose …
Snowflake acquires machine learning startup Myst AI
Snowflake Inc. is acquiring Myst AI, a startup that offers an artificial intelligence development platform for companies in the energy sector. Snowflake announced the acquisition on Wednesday. The financial terms of the transaction were not disclosed. Energy companies use AI models to …