Maria Deutscher
Latest from Maria Deutscher
OpenAI raises $110B at $730B valuation, expands AWS and Nvidia partnerships
OpenAI Group PBC today announced that it has raised $110 billion in funding at a pre-money valuation of $730 billion. Nvidia Corp. and SoftBank Group PBC provided $30 billion each. The remaining $50 billion came from Amazon Web Services Inc., which has also expanded its technical partnership with OpenAI. In November, the ChatGPT developer committed ...
Revel raises $150M to help engineers test complex physical systems faster
Revel Software Corp., a startup that develops software for complex physical systems such as jet engines, has raised $150 million in funding. The company announced the investment today. It said Index Ventures led the Series B round with contributions from Redpoint Ventures, Thrive Capital, Felicis and Abstract Ventures. The funds were joined by several angel ...
ServiceNow debuts Autonomous Workforce, EmployeeWorks automation tools
ServiceNow Inc. today debuted two new cloud services that use artificial intelligence to automate manual work for users. The first offering, Autonomous Workforce, is a suite of specialized AI tools that each focus on speeding up a different set of chores. On launch, the bundle features a single automation tool called Level 1 Service Desk ...
Google launches Nano Banana 2 with speed, image quality improvements
Google LLC today introduced a new image generation model, Nano Banana 2, that offers higher output quality and better performance than its predecessor. The company will make the algorithm available in more than a half-dozen products. The original Nano Banana made its debut in August. Google followed up the model with an enhanced version, Nano ...
Anthropic acquires AI startup Vercept to enhance Claude’s computer use features
Anthropic PBC has acquired Vercept Inc., a startup with an artificial intelligence tool that can automate multistep tasks. The company didn’t disclose the financial terms in its announcement of the deal today. Vercept previously raised more than $50 million from Google LLC Chief Executive Eric Schmidt, Google DeepMind Chief Scientist Jeff Dean and other high-profile ...
Data protection startup Gambit Security launches with $61M in funding
Data protection startup Gambit Security Ltd. launched today with $61 million in funding from Spark Capital, Kleiner Perkins and Cyberstarts. The company raised the capital over two rounds that closed in the past 12 months. It will use the funds to hire more go-to-market professionals and speed up product development. Recovering application data after an ...
Circle shares soar 35%+ on strong fourth-quarter results
Shares of stablecoin issuer Circle Internet Group Inc. jumped more than 35% today after it posted better-than-expected fourth-quarter results. The company’s adjusted EBITDA, or earnings before interest, taxes, depreciation and amortization, more than quadrupled year-over-year, to $167 million. That amounted to adjusted earnings of 43 cents per share. Wall Street forecasted 35 cents per share. ...
Chip startup MatX raises $500M to speed up large language models
MatX Inc., a chip startup founded by former Google LLC engineers, has raised $500 million in funding to bring its first product to market. Jane Street and Situational Awareness led the Series B investment. MatX stated today that they were joined by more than a half-dozen others, including chipmaker Marvell Technology Inc. and Stripe Inc.’s ...
Edge AI chip startup Axelera AI raises $250M+ funding round
Axelera AI BV, a Dutch supplier of artificial intelligence chips for edge devices, today announced that it has raised more than $250 million in funding. Amsterdam-based venture capital firm Innovation Industries led the investment. It was joined by BlackRock, Samsung Catalyst Fund and several others. Axelera AI’s flagship product is an AI chip called Metis ...
AMD shares jump 8% on $100B+ AI chip deal with Meta
Shares of Advanced Micro Devices Inc. rose 8% today after it announced plans to supply Meta Platforms Inc. with billions of dollars worth of chips. The Facebook parent will also receive the option to buy an up to 10% stake in AMD. As part of the deal, Meta has received a stock warrant that will allow ...