Maria Deutscher
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Report: Apple’s April privacy update led to major drop in iOS ad spending
Brands have reduced their spending on iOS ads by about a third since the start of June alone, according to market data made public in a Wall Street Journal report today. Industry insiders have tied the spending drop to a privacy feature that Apple released for iOS as part of an April update. The reduced demand is ...
Andy Jassy officially becomes CEO of Amazon
Andy Jassy this morning officially became the chief executive officer of Amazon.com Inc., three months after being named to succeed company founder Jeff Bezos in the role. Bezos, who led Amazon as its CEO since founding the company in 1994, as of today holds the title of executive chairman. He’s expected to remain active with ...
IBM President Jim Whitehurst steps down as part of major leadership reshuffle
IBM Corp. today announced that Jim Whitehurst, the company’s president, has decided to step down. Whitehurst’s departure is part of a broader leadership reshuffle that will affect several major business units. The company’s share price dropped more than 4.8% on news. Whitehurst (pictured) joined IBM in 2019 after the company closed its landmark $34 billion ...
Report: Intel and Apple are the first adopters of TSMC’s 3-nanometer chip technology
Intel Corp. and Apple Inc. have partnered with TSMC Co. Ltd. to make new chips using its upcoming three-nanometer semiconductor manufacturing process, according to a new report. Nikkei Asia reported today that the two companies are not merely set to use the three-nanometer process but will also be in its first adopters. This means that ...
HPE acquires Zerto in $374M deal to expand its data protection and cloud portfolio
Hewlett Packard Enterprise Co. will pay $374 million to acquire Zerto Ltd., a venture-backed startup that helps enterprises protect their workloads against outages and streamline public cloud projects. HPE detailed in its announcement of the deal today that Zerto is expected to contribute $130 million in annual run-rate revenues at “software gross margins.” HPE anticipates ...
Healthcare process automation startup Olive closes $400M round at $4B valuation
Startup Olive AI Inc. has secured $400 million in funding at a $4 billion valuation to broaden the adoption of its robotic process automation platform, which helps healthcare providers automate repetitive manual tasks to free up resources for other activities. Olive announced the funding round today. The investment was led by Vista Equity Partners with ...
Articulate raises $1.5B in funding for its cloud-based employee training tools
Articulate Global LLC, the provider of cloud-based employee training software used by all the companies on the Fortune 100 list, today disclosed that it has landed a $1.5 billion round of funding. Growth equity firm General Atlantic led the Series A round. The investment is notable not only for the hefty 10-figure price tag but ...
Amazon asks for recusal of FTC Chair Lina Khan from investigations of its business
Amazon.com Inc. has petitioned the U.S. Federal Trade Commission to have Lina Khan, the agency’s chair, recused from participating in antitrust investigations that focus on the company. The 25-page petition became public today. In the document, Amazon is calling for Khan (pictured) to be recused from “any antitrust investigation, adjudication, litigation, or other proceeding in ...
Microsoft nabs major cloud deal to host AT&T’s 5G core
Microsoft Corp. today announced it has inked a cloud contract to host key parts of AT&T Inc.’s wireless network, which provides internet services for more than 180 million subscribers. The companies didn’t disclose any financial terms, but the value of the deal is likely substantial. That can be inferred not only from the scale of AT&T’s ...
AI-powered automatic IT support startup Moveworks raises $200M at $2.1B valuation
Moveworks Inc., a startup using artificial intelligence to help enterprises automate information technology support tasks, is worth $2.1 billion following a new $200 million funding round it announced this morning. Mountain View, California-based Moveworks said that the round was jointly led by Tiger Global and Alkeon Capital. Bain Capital, ICONIQ Growth, Kleiner Perkins and a ...