Maria Deutscher
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Oracle appoints Clay Magouyrk and Mike Sicilia co-CEOs amid AI growth
Oracle Corp. today appointed Clay Magouyrk and Mike Sicilia as co-chief executive officers. Magouyrk and Sicilia are succeeding longtime CEO Safra Catz, who is moving to the role of executive vice chair. Oracle’s chair is founder Larry Ellison, who held the CEO post for more than three decades before stepping down in 2014. He is ...
Oracle shares climb on reports it could ink $20B cloud deal with Meta
Shares of Oracle Corp. closed 4% higher today following reports that it’s negotiating a $20 billion deal to provide Meta Platforms Inc. with cloud infrastructure. Sources told Reuters that the Facebook parent would use the hardware for artificial intelligence training and inference. Separately, Bloomberg reported that the value of the deal could exceed $20 billion. ...
Report: OpenAI poaches dozens of Apple employees amid consumer hardware push
OpenAI reportedly plans to launch its first consumer device in late 2026 or early 2027. The Information today cited sources as saying that the ChatGPT developer has poached dozens of Apple Inc. employees to support its product development effort. Additionally, OpenAI is believed to have inked a manufacturing contract with one of the iPhone maker’s ...
Nvidia may invest $500M in Wayve after reported $900M+ Enfabrica deal
Nvidia Corp. may invest $500 million in Wayve Technologies Ltd., a British startup that develops autonomous driving software optimized for its chips. The companies detailed the potential cash infusion on Thursday. A few hours earlier, CNBC reported that Nvidia had recruited key employees of Enfabrica Inc., a data center hardware startup. The chipmaker reportedly made ...
Octopus Energy to spin off Kraken software unit at potential $15B valuation
Octopus Energy Group Ltd. today announced plans to spin off its Kraken subsidiary, which sells software that helps utilities operate more efficiently. The Wall Street Journal cited analysts as saying that the deal could value Kraken at $15 billion. It’s believed the software maker may seek to go public within one year of the deal’s ...
Atlassian acquires developer productivity startup DX for $1B
Atlassian Corp. today announced plans to acquire DX, a startup with a software platform that helps enterprises make their developers more productive. The deal is worth about $1 billion. Atlassian plans to finance the transaction with a combination of cash and restricted stock. DX, officially A Software Company Inc., helps engineering organizations measure the quality ...
Nvidia to invest $5B in Intel as part of new chip partnership
Nvidia Corp. today announced plans to invest $5 billion in Intel Corp. as part of a collaboration that will see the companies jointly develop new chips. The partnership encompasses both the data center and consumer segments. In the server market, Intel will develop custom central processing units optimized to work with Nvidia graphics cards. For ...
OpenAI, Google reasoning models achieve gold-level scores in ICPC coding contest
OpenAI and Google LLC today disclosed that their latest reasoning models achieved gold-level performance in a recent coding competition. The ICPC, as the event is called, is the world’s most prestigious college-level programming contest. It draws participants from about 3,000 universities. OpenAI says its reasoning models achieved a perfect score, while Google’s algorithm solved 10 ...
Macroscope raises $30M to speed up software projects with AI
Macroscope Inc., a startup working to make developers and project managers more productive, today announced that it has closed a $30 million early-stage funding round. Lightspeed led the Series A investment. Macroscope previously raised a $10 million seed round that included the participation of Alphabet Inc.’s GV startup fund, Thrive Capital and Adverb. Macroscope was ...
AI inference chip startup Groq nabs $750M at $6.9B valuation
Groq Inc., a developer of artificial intelligence inference chips, today announced that it has raised $750 million in new funding. Databricks Inc. backer Disruptive led the round. It was joined by Cisco Systems Inc., Samsung Electronics Co., Deutsche Telekom Capital Partners and several investment firms. Groq is now valued at $6.9 million, up from $2.8 ...