Maria Deutscher
Latest from Maria Deutscher
GAO recommends reevaluation of proposals for $10B NSA cloud contract
The Government Accountability Office today called for a reevaluation of the proposals submitted by Amazon Web Services Inc. and Microsoft Corp. in connection with a $10 billion cloud contract to enhance the National Security Agency’s technology environment. The $10 billion NSA contract, code-named WildandStormy, was awarded to public cloud market leader AWS earlier this year. ...
Google developing ‘next-generation’ AI capable of learning millions of tasks
Google LLC has detailed Pathways, an internal artificial intelligence project aimed at facilitating the development of neural networks that can learn thousands and potentially even millions of tasks. Jeff Dean, the Senior Vice President of Google Research, provided an overview of the company’s work on Pathways in a Thursday blog post. The executive described the ...
Check Point Software surpasses third-quarter estimates after strong product growth
Check Point Software Technologies Ltd. closed its fiscal third quarter with adjusted earnings of $1.65 per share on $534 million in revenue, surpassing analyst expectations. The cybersecurity software maker posted financial results for the third quarter ended Sept. 30 today. Analysts polled by Refinitiv had projected earnings of $1.60 a share on revenue of $530 ...
GlobalFoundries IPO raises $2.6B as chipmaker plans to expand production capacity
GlobalFoundries Inc. started trading on the Nasdaq stock exchange this morning after an initial public offering that priced at the top end of the target range and raised about $2.6 billion. GlobalFoundries is currently trading under the ticket symbol GFS at about $45 per share, down slightly from the initial IPO price of $47 a ...
Alchemy raises $250M at $3.5B valuation for its blockchain-focused developer tools
Alchemy Insights Inc. today announced that it has raised $250 million in funding at a $3.5 billion valuation, about seven times what the startup was worth six months ago, to help developers build blockchain-based apps. San Francisco-based Alchemy says its sales have grown even faster than its valuation over the past six months. The startup’s ...
Observability provider Dynatrace tops expectations with latest quarterly results
Dynatrace Inc. can now boast of topping analysts’ revenue expectations in each of the past four quarters after growing sales by 34% in the three months ended Sept. 30, to $226 million. The company also detailed in its fiscal second-quarter earnings report today that 94% of its revenue came from subscriptions. Dynatrace provides a cloud ...
Intel’s new flagship desktop processor ups performance with hybrid core design
Intel Corp. today debuted the next major iteration of its central processing unit line for desktops, the 12th Generation Core series, which is launching with an initial roster of six chips made using the Intel 7 manufacturing process. Intel 7 is an enhanced version of the company’s 10-nanometer process. The six initial chips are headlined by ...
Returning to public markets, Informatica raises $841M in IPO
Informatica LLC, the enterprise data management specialist, has raised $841 million in its initial public offering by selling 29 million shares to investors at $29 apiece. Following the Tuesday afternoon stock sale, Informatica’s shares debuted on the New York Stock Exchange this morning below the IPO price, but soon recovered their losses. The company is ...
Tactile Mobility reels in $27M for its virtual vehicle sensor technology
Startup Tactile Mobility Ltd., whose platform uses data from vehicle sensors for tasks such as identifying road hazards, today said it has closed a $27 million funding round led by Delek Motors to enhance its technology and expand into more markets. Israel-based Tactile Mobility has received a total of $47 million from investors to date. ...
Amazon’s Project Kuiper satellite unit partners with Verizon on connectivity initiative
Amazon.com Inc.’s Project Kuiper unit, which plans to launch thousands of internet satellites into low Earth orbit, is teaming up with Verizon Communications Inc. to deliver networking services to consumers and enterprises. Amazon is one of several companies building satellite-powered internet networks. SpaceX Corp. is the online retail and cloud computing giant’s most prominent competitor ...