Maria Deutscher
Latest from Maria Deutscher
Quantum diamond microscope startup EuQlid launches with $3M
EuQlid Inc., a startup that has developed a quantum device for analyzing the inner workings of semiconductors, launched today with $3 million in funding. The capital was provided by QDNL Participations and Quantonation, two venture capital firms focused on quantum technologies. The semiconductor development workflow involves a significant amount of testing. After engineers finalize the ...
Industrial AI startup Octonomy raises $20M in seed funding
Octonomy AI GmbH, a startup with an artificial intelligence platform for companies that operate heavy machinery, today announced that it has raised $20 million in funding. Macquarie Capital Venture Capital led the seed round. It was joined by German bank NRW.Bank, TechVision Fund and Capnamic. The latter firm previously led a $5 million round for ...
Microsoft to quadruple its UAE AI data center capacity as part of $7.9B investment
Microsoft Corp. plans to grow its data center footprint in the United Arab Emirates significantly through a partnership with a local company. The tech giant announced the initiative today alongside a second major infrastructure investment. Microsoft disclosed that it has commissioned billions of dollars worth of data center capacity from Lambda Labs Inc., a venture-backed ...
OpenAI inks $38B AI infrastructure deal with AWS
OpenAI Group PBC will rent $38 billion worth of cloud infrastructure from Amazon Web Services Inc. as part of a seven-year partnership announced today. The news comes less than a week after the ChatGPT developer revised the terms of its relationship with Microsoft Corp. The tech giant was OpenAI’s sole cloud provider for about two ...
Pat Gelsinger-backed Gloo seeking to raise up to $109M in IPO
Gloo Holdings Inc., a provider of software for faith-based organizations that is backed by Pat Gelsinger, plans to raise up to $109.2 million in an initial public offering. Reuters reported the company’s plans on Thursday. In a filing with the U.S. Securities and Exchange Commission, Gloo stated that it hopes to raise the funds by ...
Former OpenAI researchers launch Applied Compute with $80M in funding
Three former OpenAI researchers have launched a new startup, Applied Compute Inc., that plans to develop custom artificial intelligence models for enterprises. Applied Compute announced on Wednesday that it has raised $80 million in funding. The capital was provided by Benchmark, Sequoia, Lux and a group of angel investors. The company didn’t disclose its valuation. ...
Figma acquires AI design startup Weavy for reported $200M+
Figma Inc. has bought Weavy Inc., a startup with an artificial intelligence platform for creating images and videos. Figma announced the acquisition today without disclosing its financial terms. Calcalist reported that the transaction values Tel Aviv-based Weavy at more than $200 million. That’s about 50 times the amount of funding the startup raised prior to ...
China to ease rare earth element restrictions, greenlight TikTok deal following Trump-Xi meeting
China will reportedly ease its restrictions on the export of certain rare earth elements following a meeting between U.S. President Donald Trump and Chinese President Xi Jinping. The summit, which took place today in South Korea, also covered other areas. U.S. officials told reporters that Trump discussed TikTok and the sale of Nvidia Corp.’s graphics ...
Azure outage takes multiple Microsoft services, customer websites offline
A technical issue in Microsoft Corp.’s Azure cloud platform today disrupted several online services operated by the tech giant and its customers. Starbucks Corp., Costco Wholescale Corp. and Capital One Financial Corp. were among the affected Microsoft customers. The tech giant, for its part, saw several of its consumer services go offline. The outage also ...
AWS opens $11B Project Rainier data center campus built for Anthropic
Amazon Web Services Inc. has opened a $11 billion data center campus in Indiana that will run artificial intelligence models for Anthropic PBC. CNBC reported the milestone today. The campus, which is located near Lake Michigan, was built as part of an initiative called Project Rainier that AWS announced last year. It will host both ...