Maria Deutscher
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Report: Google is building a Nest Hub smart display with a radar chip
Google LLC is said to be working on a new Google Nest Hub smart home device that will use a built-in radar chip to power some of its features. The Nest Hub (pictured) is a smart display from the search giant’s bestselling Nest line of voice-enabled gadgets. The device pairs the features of a standard ...
Fintech giant SoFi to go public via SPAC merger at $8.65B valuation
SoFi, the operator of one of the most popular consuming banking apps, today announced plans to hit the stock market via a SPAC merger at an $8.65 billion valuation. A SPAC merger is a type of deal wherein a firm teams up an investor or group of investors to help it go public. The investors ...
Quantum Metric reels in $200M for its user experience analytics platform
Quantum Metric Inc., a startup providing big brands with data on how they can improve their websites and mobile apps, today said that it has landed a $200 million funding round at a more than $1 billion valuation. The startup is the latest in a series of companies to have publicly joined the $1 billion-plus ...
IBM names Martin Schroeter as CEO of $19B NewCo services spinoff
IBM Corp. has appointed Martin Schroeter, a former senior executive who left the company last year, to lead the $19 billion “NewCo” managed infrastructure services business it’s planning to spin off. Schroeter will become chief executive officer of NewCo effective Jan. 15, according to an announcement today. IBM said in October that it will spin ...
UK to probe Nvidia’s proposed $40B Arm acquisition
The U.K.’s antitrust watchdog today said it will investigate Nvidia Corp.’s proposed $40 billion acquisition of British chip designer Arm Ltd. Nvidia is the leading maker of graphics processing units for data centers and desktops. Arm, in turn, develops chip designs that underpin the processors inside most of the world’s smartphones and many other low-power ...
Starburst Data raises $100M to give enterprise analytics projects a speed boost
Analytics startup Starburst Data Inc. today said that it has nabbed $100 million in funding from noted tech investors Andreessen Horowitz, Index Partners and Coatue as well as Salesforce.com Inc.’s venture capital arm. Boston-based Starburst is tackling the issue of data movement in enterprise analytics projects. To extract insights from their records, companies often have ...
OpenAI’s newest AI models draw and recognize objects more efficiently
Researchers at OpenAI have developed two neural networks that can draw objects based on natural-language user prompts and describe images with a high degree of accuracy. The projects, detailed Tuesday, expand the range of tasks to which artificial intelligence can be applied. They also advance the AI research community’s goal of creating more versatile models ...
Chronosphere raises $43.4M for its cloud-native IT monitoring platform
Chronosphere Inc., a startup working to make complex information technology environments easier to monitor, today announced that it has raised a $43.4 million funding round from a group of prominent investors. Greylock Partners co-led the round with Lux Capital and noted venture capitalist Lee Fixel. General Atlantic took part as well. Chronosphere, founded in 2019, ...
Newly minted unicorn Divvy raises $165M to ease enterprise spend management
Divvy Inc., a startup with a cloud service for managing corporate spending, this morning divulged that it has closed a $165 million funding round at a $1.6 billion valuation. The round included the participation of more than a half-dozen investors. The consortium includes PayPal Holdings Inc.’s venture capital arm, NEA and Insight Venture Partners, among ...
Qualcomm appoints Cristiano Amon as new CEO to lead 5G push
Qualcomm Inc., one of the biggest suppliers of chips to the mobile device industry, today said that Cristiano Amon will become chief executive officer effective June 30. Amon (pictured) will succeed Steve Mollenkopf, who has served as Qualcomm’s CEO for the past seven years. The company said that Mollenkopf will stay on for a “period ...