Maria Deutscher
Latest from Maria Deutscher
Google debuts new open-source AI tools, GKE Pod Snapshots
Google LLC has debuted two new open-source tools designed to ease the task of operating artificial intelligence environments. The tools made their debut today at the KubeCon + CloudNativeCon North America conference in Atlanta. They’re rolling out alongside GKE Pod Snapshots, a new feature in Google Cloud’s GKE managed Kubernetes service. AI agents use external ...
Snowflake acquires database migration startup Datometry
Snowflake Inc. has acquired Datometry Inc., a startup that developed software for porting workloads between databases. The companies announced the deal today without disclosing its financial terms. Datometry previously raised $28 million from Dell Technologies Inc., Celesta Capital and other backers. Its website states that it had multiple Fortune 500 customers. An application interacts with ...
Scribe raises $75M for its process documentation platform
Scribe, a startup that helps workers use business applications more efficiently, has closed a $75 million funding round led by StepStone. TechCrunch reported today that the Series C investment also included the participation of Redpoint Ventures, Tiger Global and other returning backers. It values Scribe at $1.3 billion. That’s reportedly five times what the company ...
Majestic Labs launches with $100M to build memory-dense AI servers
Artificial intelligence infrastructure startup Majestic Labs Inc. launched today with $100 million in initial funding. The company raised the bulk of the capital, $71 million, through a Series A round led by Bow Wave Capital. Lux Capital led Majestic Labs’ earlier seed investment. The hardware maker is also backed by SBI, Upfront, Grove Ventures, Hetz ...
OpenAI calls for CHIPS Act tax credit to be extended to AI data centers
OpenAI Group PBC has asked the White House to make a tax credit for chip fabs available to artificial intelligence data center builders. Bloomberg reported the request today. OpenAI asked for the tax credit and several other AI industry incentives in a Oct. 27 letter to Michael Kratsios, policy director at the White House Office ...
Meta announces plans to spend $600B in the US over three years
Meta Platforms Inc. today pledged to invest $600 billion in the U.S. as part of its artificial intelligence push. The company plans to spend the capital over three years. It will invest in new AI data centers, supporting infrastructure such as power transmission lines and workforce expansion. Meta Chief Executive Officer Mark Zuckerberg first floated the ...
Congressional Budget Office breached by suspected foreign hackers
The Congressional Budget Office has been breached by hackers that are believed to be affiliated with a foreign actor. The CBO disclosed the incident on Thursday. According to the Washington Post, CBO officials first discovered the breach a few days earlier. The agency’s information technology team responded by rolling out new cybersecurity controls. “The Congressional ...
Appian surges 30% on forecast-topping earnings results
Automation software provider Appian Inc. today posted third-quarter financial results that topped the consensus estimate across the board. The company’s shares surged more than 30% on the strong earnings. Appian provides a platform that can visualize how an organization’s employees perform routine tasks such as processing documents. It displays the steps involved in a task, ...
Datadog shares jump 23% on strong earnings results
Shares of Datadog Inc. closed 23% higher today after it posted quarterly results that handily topped expectations. The company, which sells observability and cybersecurity tools, generated an adjusted operating income of $207 million in the three months ended Sept. 30. That amounted to adjusted earnings of 55 cents per share. Analysts polled by FactSet projected ...
Microsoft provides update on its AI efforts following OpenAI partnership change
A few days after revising its research collaboration with OpenAI, Microsoft Corp. has shared an update about its artificial intelligence development efforts. Mustafa Suleyman, chief executive of the company’s Microsoft AI group, detailed the engineering push in a blog post published today. The tech giant has formed a unit called the MAI Superintelligence Team to ...