Maria Deutscher
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New secondary sale reportedly values Revolut at $75B
Financial technology startup Revolut Ltd. has reportedly launched a secondary sale that will value it at $75 billion. Sources told Bloomberg today that the company’s employees can sell up to 20% of their shares for $1,381 apiece. The transaction is expected to close in the coming weeks. It’s unclear which investors are buying the shares. ...
Report: OpenAI plans to build 1GW+ data center in India
OpenAI is expected to build a data center in India that will use more than 1 gigawatt of power. The ChatGPT developer is searching for local companies with which it can partner on the project, Bloomberg reported today. OpenAI will need the help of utilities and construction firms to launch the data center. Additionally, it ...
US makes it harder for chipmakers to run fabs in China amid new Alibaba processor reports
The U.S. Commerce Department is making it more difficult for chipmakers to operate their fabs in China, Reuters reported today. The move affects Samsung Electronics Co. Ltd. and SK hynix Inc., the world’s two largest memory suppliers. The latter company makes much of the HBM memory in Nvidia Corp.’s graphics cards. Samsung, in turn, sells not ...
FriendliAI raises $20M in funding to accelerate AI inference workloads
FriendliAI Corp., a startup that helps developers speed up their artificial intelligence models, has raised $20 million in funding. Capstone Partners led the seed extension round. FriendliAI detailed in its announcement of the raise on Thursday that Sierra Ventures, Alumni Ventures, KDB and KB Securities participated as well. The company previously raised $5 million in ...
Autodesk’s stock jumps 9%+ on strong earnings results
Shares of Autodesk Inc. jumped more than 9% in after-hours trading today after it posted second-quarter results that topped expectations across the board and it also raised its full-year guidance. Autodesk’s flagship product is an application called AutoCAD that engineers use to design buildings and machines. The software, which was originally released in 1982, has received ...
OpenAI and Microsoft debut new voice models
OpenAI and Microsoft Corp. today introduced two artificial intelligence models optimized to generate speech. OpenAI’s new algorithm, gpt-realtime, is described as its most capable voice model. The AI produces more natural sounding speech than the ChatGPT developer’s earlier entries into the category. It’s also capable of changing its tone and language mid-sentence. According to OpenAI, ...
Maisa AI reels in $25M for its AI agent development platform
Maisa AI Inc., a startup with a platform for building artificial intelligence agents, today announced that it has raised $25 million in seed funding. Early Spotify Technology SA backer Creandum led the investment. It was joined by Forgepoint Capital International, NFX and Village Global. The latter two funds invested $5 million in Maisa AI last ...
Uniphore buys Orby AI and Autonom8 to extend its automation capabilities
Uniphore Technologies Inc. has bought Orby AI Inc. and Autonom8 Inc., two startups that develop software for automating repetitive business tasks. The company announced the deals today without disclosing the financial terms. Uniphore was valued at $2.5 billion following its most recent $400 million funding round in 2022. The Palo Alto, California-based company provides a ...
Report: Vercel is raising new funding at $9B valuation amid AI growth
Front-end development startup Vercel Inc. is reportedly raising hundreds of millions of dollars in new funding. Sources told Bloomberg today that Accel is leading the investment. The cash infusion is expected to value Vercel at about $9 billion, nearly triple what it was worth following its most recent $250 million raise last May. That funding ...
Salesloft breach compromises ‘numerous’ Salesforce environments
Hackers have used a chatbot developed by Salesloft Inc. to access a large number of Salesforce environments and download their contents. Salesloft and Google LLC disclosed the breach last Thursday. The search giant determined that the threat actor behind the hacking campaign, which is tracked as UNC6395, downloaded “large volumes of data from numerous corporate ...