Maria Deutscher
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Amazon rolls out its Amazon Care telehealth service nationwide
Amazon.com Inc. this morning announced that Amazon Care, its telehealth service, is now available throughout the U.S. First introduced in 2019, Amazon Care enables users to schedule telehealth sessions with a doctor or a nurse through a mobile app. The service also allows users to request that a medical professional visit them at home. While ...
Quantum computing company D-Wave to go public via SPAC merger
Quantum computer maker D-Wave Systems Inc. today announced that it will go public by merging with DPCM Capital Inc., a special-purpose acquisition company. A SPAC is a company created for the specific purpose of taking another firm public. D-Wave expects to raise as much as $340 million through the transaction. Once the deal closes, the ...
DataStax introduces new cybersecurity features for its serverless Astra DB database
Database provider DataStax Inc. today introduced new cybersecurity features to help enterprises more effectively protect their business information from hacking attempts. Santa Clara, California-based DataStax is backed by more than $227 million in venture funding. Its flagship product is Astra DB, a cloud-based NoSQL database that helps companies store and process their business information. Astra ...
Flexport raises $935M at $8B+ valuation for logistics management platform
Logistics startup Flexport Inc. today announced that it has closed a $935 million late-stage investment at a valuation exceeding $8 billion. Andreessen Horowitz and MSD Partners led the Series E investment. Flexport previously raised $1 billion in 2019 at a reported valuation of $3.2 billion. San Francisco-based Flexport provides a platform that enables companies such ...
Intel launches $1B fund focused on chip foundry ecosystem
Intel Corp. is launching a $1 billion fund to invest in technologies and companies that can help customers of its chip foundry business bring new processors to market faster. The fund was announced this morning. It’s the result of a collaboration between Intel’s venture capital arm and its recently launched Intel Foundry Services, or IFS, ...
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 ...