Maria Deutscher
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Amazon says it stands ready to assist with US vaccination efforts
Amazon.com Inc. is ready to assist with the national effort to distribute COVID-19 vaccines, Dave Clark, head of the company’s worldwide consumer business, wrote in a letter addressed to U.S. President Joe Biden. “As you begin your work leading the country out of the Covid-19 crisis, Amazon stands ready to assist you in reaching your ...
AlphaICs raises $8M funding round for its edge AI chips
AlphaICs Corp., a startup developing artificial intelligence chips for edge computing use cases, today announced that it has raised a $8 million round of funding led by Emerald Technology Ventures and Endiya Partners. The investment comes in a time when trends such as autonomous driving are creating more demand for AI-optimized silicon. Launched in 2016, AlphaICs ...
Electric vehicle startup Rivian raises $2.65B as it gears up for mass production
Less than six months after raising a $2.5 billion funding round, electric vehicle startup Rivian Automotive Inc. on Tuesday said that it has secured yet an additional $2.65 billion from investors. T. Rowe Price led the latest round with participation from Amazon.com Inc.’s Climate Pledge Fund and others. The Climate Change Fund is a $2 ...
Qualcomm expands chip lineup with Snapdragon 870 mobile processor
Qualcomm Inc. today introduced the Snapdragon 870, a new iteration of its flagship 2020 smartphone chip that features a faster central processing unit. Qualcomm silicon powers a sizable portion of the world’s Android handsets including popular smartphones from major manufacturers such as Samsung Electronics Co. Ltd. The company’s Snapdragon processors are so-called systems-on-chip, integrated computing ...
Eyeing self-driving cars, Microsoft joins $2B+ round for GM’s Cruise
Cruise, General Motors Co.’s autonomous vehicle unit, today said that it has closed a more than $2 billion funding round at a $30 billion valuation from Microsoft Corp., Honda Motor Co. Ltd. and other investors. Microsoft’s participation in the round comes as part of a broader partnership with GM that was detailed today as well. ...
Citrix to acquire Wrike for $2.25B to advance recurring revenue push
As expected, Citrix Systems Inc. today announced that it has entered a $2.25 billion deal to acquire Wrike Inc., the provider of a popular project management platform used by Google LLC and tens of thousands of other companies. The deal, Citrix says, will enable it to expand in markets where it currently has a limited ...
Google pushes back against key ‘header bidding’ allegations in antitrust lawsuit
Google LLC is pushing back against some of the key allegations in an antitrust lawsuit filed against it by 10 Republican state attorneys general who have accused the search giant of employing anticompetitive practices to boost its ad business. The suit was filed late last year. It returned to the spotlight on Sunday after the ...
Personio raises $125M at $1.7B valuation for its HR operations platform
Personio GmbH, a software-as-a-service startup that enables human resources teams to perform tasks such as recruiting with less manual work, has closed $125 million in new funding at a $1.7 billion valuation. The newly minted unicorn disclosed the financing round today. Index Ventures was the lead investor, with Accel, Lightspeed Venture Partners, Meritech Capital and ...
SAP shows cloud momentum in preliminary fourth-quarter results
SAP SE shared preliminary financial results for the fourth quarter late Thursday, revealing that overall revenues declined but its efforts to shift to a cloud-first business model continued to gain momentum. SAP provides business software that is used by many of the world’s largest enterprises to support their operations. In October, the company announced plans ...
Amazon will let other companies build custom versions of Alexa
Amazon.com Inc. today debuted a new solution that will enable enterprises to develop customized versions of Alexa for their users with features not included in the standard edition. The solution, Alexa Custom Assistant, is the latest example of Amazon making technology it uses internally available to enterprise clients. The company’s cloud computing unit, Amazon Web ...