Maria Deutscher
Latest from Maria Deutscher
Microsoft launches new high-speed voice and image models
Microsoft Corp. today introduced a trio of artificial intelligence models optimized to process images and audio. The algorithms are available through Microsoft Foundry, an Azure service that developers can use to build AI applications. The tech giant has also started rolling out the models to a number of other products. The first new algorithm, MAI-Image-2, ...
Intel to repurchase Apollo’s stake in Ireland fab for $14.2B
Two years after selling a stake in its Irish chip manufacturing facility, Intel Corp. today announced plans to buy back the shares for $14.2 billion. The company intends to finance the transaction with a combination of cash and stock. Intel operates a plant called Fab 34 in Ireland that makes central processing units. In June ...
SpaceX reportedly files for $75B public offering that could value it at $1.75T
SpaceX Corp. has confidentially filed the paperwork for an initial public offering, sources told Bloomberg today. The listing is set to be the largest on record with an unexpected fundraising target of up to $75 billion. According to the report, SpaceX could receive a valuation exceeding $1.75 trillion. That’s a $500 billion increase over what ...
Coder secures $90M investment to optimize development environments
Coder Technologies Inc., a startup that makes it easier for software teams to create development environments, has raised $90 million in a Series C funding round. The company announced the investment today. It stated that the cash infusion, which was led by KKR with participation from existing backers, follows a year in which its bookings ...
Google finds quantum computers could break bitcoin’s encryption sooner than expected
Google LLC today published a paper that indicates a quantum computer with 500,000 qubits could be used to steal cryptocurrency. The cybersecurity risks posed by quantum computers were already well-known to researchers. However, it was believed that breaching cryptocurrencies such as bitcoin would require a machine with millions of qubits. Such computers may be decades ...
Cybersecurity services startup Tenex raises $250M in funding
Tenex.ai Inc., a provider of managed threat detection and response services, today announced that it has raised $250 million in funding. Crosspoint Capital Partners led the Series B round with participation from Shield Capital and DeepWork Capital. The cash infusion comes about a year after Tenex’s launch. The company says that its contracted revenue, or ...
Nvidia invests $2B in Marvell as part of new interconnect partnership
Nvidia Corp. today disclosed that it has invested $2 billion in Marvell Technology Inc., a publicly traded semiconductor designer. The cash infusion is part of a new partnership that will span several parts of the chip market. Santa Clara, California-based Marvell is a major supplier of data center chips. It makes processors optimized to power ...
Space data center startup Starcloud raises $170M at $1.1B valuation
Starcloud Inc., a startup that hopes to build a 5-gigawatt artificial intelligence data center in orbit, has closed a $170 million funding round. The company raised the capital in two tranches. Benchmark led the first transaction and co-led the second with EQT. The firms were joined by more than a half-dozen others, including Monolith Power ...
ScaleOps reels in $130M to make cloud environments more efficient
Startup ScaleOps Inc. today announced that it has raised $130 million in Series C funding at a valuation exceeding $800 million. Insight Partners led the investment with participation from Lightspeed Venture, NFX, Glilot Capital Partners and Picture Capital. ScaleOps’ total outside funding now stands at more than $210 million. Allocating too little infrastructure to a ...
LLM developer Mistral AI raises $830M in debt financing to add data center capacity
Mistral AI SAS today disclosed that it has raised $830 million in debt financing from a group of banks. The consortium included Bpifrance, BNP Paribas, Crédit Agricole CIB, HSBC, La Banque Postale, MUFG and Natixis CIB. Paris-based Mistral will use the funds to build a data center in a suburb of the French capital. The ...