Maria Deutscher
Latest from Maria Deutscher
TSMC boosts Arizona fab investment by $100B after strong second quarter
Taiwan Semiconductor Manufacturing Co. today posted second-quarter results that handily topped analyst expectations. The company also announced plans to expand its fab complex in Arizona. TSMC intends to build at least four additional facilities at a cost of $100 billion, which will bring its total investment in the site to $265 billion. The chipmaker’s profit ...
AI infrastructure startup Fireworks closes $1.5B round at $17.5B valuation
Fireworks AI Inc., a startup that helps developers train and run artificial intelligence models, has raised $1.5 billion in funding. Atreides Management, Index Ventures and TCV jointly led the Series D round. Fireworks stated in its funding announcement Wednesday that they were joined by more than a half-dozen other backers, including Nvidia Corp. The company ...
Intel starts using ASML’s High NA EUV technology to produce chips
Intel Corp. has started using ASML Holding NV’s newest lithography hardware to produce processors. The Dutch chipmaking equipment maker disclosed the milestone today. The announcement coincided with the release of its quarterly earnings report, which topped expectations across the board. Lithography machines use light to etch transistors into silicon wafers. ASML is the world’s largest ...
Identity management startup Oak launches with $60M in funding
Oak Inc., a startup that helps companies prevent unauthorized access to their applications, launched today with $60 million in seed funding. Accel, Greylock Partners and CRV jointly led the round. They were joined by Hetz Ventures, AlphaDrive Ventures and several unnamed angel investors. Tel Aviv-based Oak is led by Chief Executive Officer Shai Morag, who ...
Construction robot startup Monumental reels in $32M
Monumental BV, a Dutch startup that operates a fleet of bricklaying robots, has raised $35 million in funding. Khosla Ventures led the Series B investment. Monumental stated in its funding announcement today that existing backers Plural and Hummingbird chipped in as well. Monumental uses robots to construct the walls of homes, schools and other buildings. ...
Construction automation startup TerraFirma raises $115M
TerraFirma Inc., a startup with a platform that enables construction teams to remotely operate heavy machinery, has raised $115 million in funding. The bulk of the capital arrived in the form of a $100 million Series A round led by Kleiner Perkins. TerraFirma disclosed today that Bain Capital, Definition and more than a half-dozen other ...
Google DeepMind CEO Demis Hassabis calls for creation of AI standards body
Artificial intelligence pioneer Demis Hassabis today called for the creation of a standards body focused on regulating frontier models. Hassabis, chief executive of Google DeepMind, proposed in a Substack essay that the U.S. should lead the effort. Axios reported that the executive has held talks about the initiative with the White House, European officials and ...
IBM shares plummet 25% on weak preliminary earnings
Shares of IBM Corp. plunged 25% today after it posted preliminary second-quarter earnings that missed expectations. The company estimates that it generated $17.2 billion in revenue during the three months ended June 30. Analysts polled by FactSet expected $660 million more. IBM’s adjusted earnings of $2.93 per share also fell short of the consensus estimate of ...
Meta boosts investment in Hyperion data center campus to $50B+
Meta Platforms Inc. today announced plans to significantly expand the scope of its Hyperion data center project. The Facebook parent is seeking to build a sprawling artificial intelligence hub in Richland Parish, Louisiana. When Meta first disclosed the initiative in late 2024, it stated that the project budget would exceed $10 billion. It boosted the ...
Defense technology startup Helsing raises $1.8B at $18B valuation
German defense technology startup Helsing SE today announced that it has closed a $1.8 billion Series E investment. The late-stage capital was provided by a group of 10 new and returning investors. JPMorganChase, General Catalyst, Lightspeed and Iconiq were among the participants. Helsing says it’s now valued at $18 billion. Helsing’s flagship product is an ...