Maria Deutscher
Latest from Maria Deutscher
Amazon more than doubles top base pay of corporate and tech workers
Amazon.com Inc. has increased the maximum base pay of workers in corporate and technology roles to $350,000, more than double the $160,000 that it offered previously. The retail and cloud giant announced the move in a post published on its internal corporate website, GeekWire reported today. Amazon confirmed the pay base increase to the publication. ...
Toshiba reportedly investing $1.13B to expand chip production capacity
Toshiba Corp. will spend about 130 billion yen, or about $1.13 billion, to expand the manufacturing capacity of its power management chip business, Nikkei Asia reported on Thursday. Toshiba confirmed that it plans to add more chip manufacturing capacity in an official announcement released a few hours after the report. The company didn’t specify how ...
Celestial AI raises $56M for its hybrid photonic-electronic AI chip
Celestial AI Inc., a startup developing photonics technology for artificial intelligence applications, has raised $56 million in funding to support its engineering efforts. Sunnyvale, California-based Celestial AI announced the investment this morning. Koch Disruptive Technologies led the investment with participation from Temasek’s Xora Innovation fund, Tyche Partners, Merck & Co. Inc.’s venture fund and IMEC ...
Senate Judiciary Committee approves app store antitrust bill
The Senate Judiciary Committee today approved the Open App Markets Act, a bipartisan antitrust bill that would require Apple Inc. and Google LLC to change how they operate their app stores. The Open App Markets Act was originally introduced in the Senate last August by senators Richard Blumenthal, Marsha Blackburn and Amy Klobuchar. The rules ...
AWS becomes Best Buy’s preferred cloud provider
Consumer electronics retailer Best Buy Co. Inc. has named Amazon Web Services Inc. as its preferred cloud provider, the companies announced this morning. Publicly traded Best Buy is a major consumer electronics retailer with more than 1,000 stores and annual revenue that exceeded $47 billion in its most recent fiscal year. The company has already ...
Microsoft reportedly scraps upcoming HoloLens 3 mixed-reality headset
Microsoft Corp. has scrapped plans to develop a new version of its HoloLens 2 mixed-reality headset, Insider reported on Wednesday. Sources told the publication that the project was scrapped in the middle of last year. Around the same time, Microsoft is said to have inked a mixed-reality partnership with Samsung Electronics Co. Ltd. Samsung reportedly ...
Managed data lakehouse startup Onehouse launches with $8M in funding
Onehouse, a new data lakehouse startup, today launched from stealth mode after raising a $8 million seed funding round co-led by Greylock and Addition. A lakehouse is a new type of software solution that helps enterprises more efficiently extract insights from their data. It combines the features of data warehouses and data lakes in a ...
Dynatrace tops quarterly revenue and earnings expectations, but stock tumbles
Shares of Dynatrace Inc. dropped more than 19% today after the company posted third-quarter financial results, even though both its earnings and revenue surpassed analysts’ expectations. NYSE-traded Dynatrace provides an observability platform that enterprises use to detect and fix technical issues in their applications. The platform places a particular emphasis on helping companies troubleshoot applications ...
Pecan AI nabs $66M to simplify AI development in the enterprise
Artificial intelligence startup Pecan AI Ltd. today announced that it has closed a $66 million funding round led by Insight Partners. S-Capital, GGV, Dell Technologies Inc.’s venture capital arm, Mindset Ventures and Vintage Investment Partners participated in the Series C round as well. Pecan AI’s total outside funding now stands at $117.5 million. Israel-based Pecan ...
GM’s Cruise autonomous vehicle unit raises $1.35B from SoftBank
Cruise, the autonomous vehicle unit of General Motors Co., today announced that it has raised $1.35 billion in funding from SoftBank Group Corp.’s Vision Fund. The funding is part of a $2.25 billion investment that SoftBank originally announced in 2018. Cruise received an initial $900 million tranche within a few months of the investment’s announcement. ...