Maria Deutscher
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Report: UK financial regulators plan to increase scrutiny of cloud providers
U.K. regulators plan to increase their scrutiny of public cloud platforms amid concerns about the impact of a potential future outage, the Financial Times reported late Sunday. Several of the U.K.’s largest banks have inked cloud deals with Amazon Web Services Inc., Microsoft Corp. and Google LLC. Officials are said to be concerned that an ...
Videogame giant Take-Two Interactive acquires Zynga for $12.7B
Video game company Take-Two Interactive Software Inc. today announced plans to acquire Zynga Inc., a major player in the mobile game market, for $12.7 billion. The deal values Zynga at $9.861 per share, a 64.5% premium over the price at which the company’s shares closed on Friday. The steep premium reflects the fact that the ...
Andreessen Horowitz raises $9B for three new investment funds
Prominent venture capital firm Andreessen Horowitz, an investor in tech firms such as Stripe Inc. and Databricks Inc., today said it has raised $9 billion for three new funds. The largest of the new investment vehicles, dubbed the Growth fund, is launching with $5 billion in initial capital. It’s being rolled out alongside the $1.5 ...
Chip demand and foldable devices boost Samsung’s fourth-quarter earnings
Samsung Electronics Co. Ltd. estimates that its revenue reached a record 76 trillion won, or about $63.1 billion, in the fourth quarter ended Dec. 31. The South Korean electronics giant released its revenue estimate early today as part of its fourth-quarter earnings guidance. Samsung is expected to post its full earnings report later in January. ...
GM will use Qualcomm chips in upcoming Ultra Cruise driver assistance system
General Motors Co. has joined with Qualcomm Inc. to develop a driver assistance system that will enable vehicles to operate autonomously 95% of the time, the companies announced today. The driver assistance system is known as the Ultra Cruise. GM plans to include the Ultra Cruise in several upcoming vehicles, including a fully electric Cadillac ...
Report: IBM seeking to sell Watson Health unit for $1B+
IBM Corp. has launched a new effort to sell its Watson Health division, Axios reported on Wednesday, and the company is said to be hoping the unit will fetch more than $1 billion. Word that IBM plans to sell Watson Health first emerged last February. At the time, the Wall Street Journal reported that the unit ...
Data analytics giant Qlik confidentially files for initial public offering
Qlik, one of the industry’s top makers of business intelligence software, today said that it has filed confidentially for an initial public offering. The move puts Qlik, officially QlikTech International AB, on a path to return to public markets about five years after being taken private by Thoma Bravo. Before the acquisition, the software maker ...
Robot fleet management startup Formant nabs $18M investment
Robotics software startup Formant Inc. today announced that it has closed an $18 million funding round led by SignalFire to accelerate go-to-market and product development initiatives. Network equipment maker Ericsson participated in the round as well, along with about a half-dozen other investors. Robot developers are increasingly equipping their machines with artificial intelligence software to ...
Zero-trust security startup Xage raises $30M funding round
Xage Security Inc., a startup helping companies such as utilities and logistics firms improve the cybersecurity of their infrastructure, has closed a $30 million funding round. Announced today, the funding round was led by Piva with participation from more than a half-dozen other investors. Xage has raised a total of $54 million since launching. Companies ...
Amazon announces broad cloud and AI collaboration with auto giant Stellantis
Amazon.com Inc. today detailed a broad collaboration with Stellantis NV, one of the world’s top automakers, that will encompass smart vehicles, a cloud-based data mesh and other ambitious technology initiatives. Stellantis was formed in 2021 from the merger of Chrysler Automobiles and PSA Group. The Amsterdam-based company has more than 400,000 employees worldwide. It operates 14 ...