Maria Deutscher
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Data streaming provider Confluent reportedly exploring a sale
Shares of Confluent Inc. closed 7.5% higher today following a report that it’s exploring a sale. Three sources told Reuters that the company, which commercializes Apache Kafka, has drawn takeover interest from both tech firms and private equity funds. Confluent is reportedly working with an investment bank to review the offers. Kafka is an open-source ...
Zendesk introduces new AI automation features for contact centers
Zendesk Inc. is rolling out a set of new features designed to make contact center teams more productive. The enhancements debuted today at the company’s AI Summit event. They will be available in Zendesk’s flagship Resolution Platform, a cloud-based platform that customer service teams use to process support tickets. It also eases related tasks such ...
New reports add to concerns about potential AI bubble
A series of reports published this week has raised new concerns about the potential risks of the artificial intelligence boom. The Bank of England warned today that the likelihood of a “sharp market correction” has increased. One of the reasons is that “on a number of measures, equity market valuations appear stretched, particularly for technology ...
Qualcomm acquires miniature computer maker Arduino
Qualcomm Technologies Inc. today announced plans to acquire Arduino S.r.l., an Italian company that develops open-source single-board computers. The terms of the deal were not disclosed. Arduino’s computers are implemented on a single circuit board and cost under $100. They’re mainly designed to power connected devices. An agricultural engineer, for example, could use an Arduino ...
NYSE’s parent company to invest up to $2B in prediction market startup Polymarket
Intercontinental Exchange Inc., the operator of the New York Stock Exchange, will invest up to $2 billion in prediction market startup Polymarket. The deal, which was announced today, also includes other elements. Intercontinental Exchange will make data from Polymarket’s platform available to financial institutions. Furthermore, the companies plan to partner on tokenization initiatives. In addition ...
Elon Musk’s xAI reportedly will spend $18B+ more on Nvidia chips for Colossus 2 data center
New details have emerged about the Colossus 2 data center that xAI Holdings Corp. is building near Memphis. Work on the facility reportedly began this past March. On Sunday, the Wall Street Journal cited a source as saying that xAI will buy 300,000 graphics processing units from Nvidia Corp. to power the data center. The ...
OpenAI announces ChatGPT apps, embedded Codex coding agent at DevDay
OpenAI will enable developers to embed their applications into ChatGPT using a new software toolkit called the Apps SDK. Executives revealed the first seven apps that integrate with the chatbot service at OpenAI’s DevDay event today. In addition, the artificial intelligence provider detailed an embedded version of its Codex programming agent. Developers can use the ...
OpenAI to buy $10B+ worth of AMD hardware, stock through new partnership
OpenAI will buy tens of billions of dollars’ worth of data center hardware from Advanced Micro Devices Inc. as part of a partnership announced today. The ChatGPT developer could also receive the option to purchase about 160 million AMD shares, which represents an approximately 10% stake. The amount of stock that OpenAI will buy depends ...
Wafer-scale chip startup Cerebras withdraws IPO filing after $1.1B round
Cerebras Systems Inc. has revised its plan to go public on the Nasdaq stock exchange. The company, which develops artificial intelligence chips for data centers, filed to list its shares last September. Cerebras today asked the U.S. Securities and Exchange to withdraw the filing. “The Company is seeking the withdrawal of the Registration Statement because ...
IBM releases Granite 4 series of Mamba-Transformer language models
IBM Corp. on Thursday open-sourced Granite 4, a language model series that combines elements of two different neural network architectures. The algorithm family includes four models on launch. They range in size from 3 billion to 32 billion parameters. IBM claims they can outperform comparably-sized models using less memory. Granite-4.0-Micro, one of the smallest algorithms ...