Maria Deutscher
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Oracle details upcoming AI clusters powered by Nvidia, AMD chips
Oracle Corp. today announced plans to build new artificial intelligence clusters powered by rivals Nvidia Corp. and Advanced Micro Devices Inc. chips. The first cluster, the OCI Zettascale10, will be hosted in the company’s OCI public cloud. It will enable customers to configure AI environments with up to 800,000 Nvidia graphics processing units. Separately, Oracle ...
JPMorgan launches $10B tech, infrastructure investment initiative
JPMorgan Chase & Co. today announced plans to invest up to $10 billion in technology and infrastructure companies. The news sent several quantum computer makers’ shares soaring more than 20%. JPMorgan will invest mainly in U.S. companies with the goal of supporting their engineering and manufacturing operations. The bank will make the investments as part of ...
Data management providers Fivetran and dbt Labs to merge
Fivetran Inc. and dbt Labs Inc., two venture-backed developers of data management software, today announced plans to merge. The all-stock transaction is expected to create a company with nearly $600 million in annual recurring revenue. The company’s chief executive will be George Fraser, who currently holds the same title at Fivetran, while his dbt Labs ...
OpenAI partners with Broadcom to deploy 10 gigawatts of AI hardware
Shares of Broadcom Inc. jumped more than 9% today after it announced a four-year infrastructure partnership with OpenAI. The initiative will see the ChatGPT developer deploy 10 gigawatts’ worth of data center hardware over the next four years. According to OpenAI, the infrastructure will be powered by custom artificial intelligence processors co-developed with Broadcom. In ...
US investor consortium buys controlling stake in spyware developer NSO Group
A U.S. investor consortium has reportedly acquired a controlling stake in Israeli spyware developer NSO Group Ltd. The company told TechCrunch today that “an American investment group has invested tens of millions of dollars in the company and has acquired controlling ownership.” The valuation that NSO received in the deal and the names of the ...
Quantum computer developer IonQ to raise $2B in funding
IonQ Inc. today detailed the terms of a transaction that will see it receive $2 billion in funding from investment firm Heights Capital. The quantum computer maker plans to raise about three quarters of capital by selling 16.5 million shares for $93 apiece. Heights Capital, an affiliate of Wall Street heavyweight Susquehanna International, is also buying ...
UK gives Google ‘strategic market status’ in search and search advertising
The U.K.’s competition watchdog has given Google LLC a new regulatory designation that could expose it to additional antitrust scrutiny. The Competition and Markets Authority, or CMA, gave the company strategic market status in a notice published today. The designation applies to Google’s general search and search advertising businesses. Today’s decision traces back to an ...
Tigris Data raises $25M for its AI-optimized cloud storage service
Tigris Data Inc., the operator of an object storage service optimized for artificial intelligence workloads, has raised $25 million in early-stage funding. The company said in its announcement of the Series A round today that Spark Capital was the lead investor. Returning backer Andreessen Horowitz chipped in as well. Sunnyvale, California-based Tigris positions its service ...
Nvidia backs $180M round for workflow automation startup n8n
German automation software provider n8n GmbH today announced that it has closed a $180 million investment at a $2.5 billion valuation. Accel led the C round, which comes six months after the company’s previous raise. It was joined by Nvidia Corp.’s NVentures startup fund, Meritech, Redpoint and several other backers. The cash infusion follows a ...
Intel debuts Panther Lake laptop processors, previews 288-core server chip
Intel Corp. today debuted Panther Lake, a series of laptop processors based on its latest Intel 18A manufacturing technology. The chips will be produced at the company’s newly opened Fab 52 plant in Chandler, Arizona. Intel will also use the facility to manufacture an upcoming family of server processors called Clearwater Forest. Chips in the ...