Maria Deutscher
Latest from Maria Deutscher
EU proposes wide-reaching new rules to regulate tech giants
The European Commission, the European Union’s executive branch, today proposed two new pieces of legislation that seek to prevent anticompetitive behavior by tech giants and provide more online protections for consumers. Companies found to engage in unfair business practices could be fined as much as 10% their global annual revenues under the proposed rules. If ...
AWS reveals array of new cloud observability and other new tools at re:Invent
Amazon Web Services Inc. today debuted an array of new features, plus managed versions of the popular Prometheus and Grafana tools, that are designed to make it easier for enterprises to monitor the health of their cloud infrastructure. AWS also used the occasion to reveal several enhancements to its lineup of “internet of things” services. ...
In landmark decision, Ireland’s privacy regulator fines Twitter for GDPR breach
Ireland’s privacy regulator, the Data Protection Commission, has handed down a fine of €450,000 or about $547,000 to Twitter Inc. after finding that the company had run afoul of the European Union’s General Data Protection Regulation. The fine, announced today, is notable because it marks the first such GDPR-related penalty issued to a U.S. tech ...
AI explainability specialist Truera closes $12M round
Truera Inc., a startup working to give enterprises better insight into how their artificial intelligence models make decisions, today said that it has closed a $12 million funding round led by Wing VC. The investment comes just months after Truera launched from stealth mode. In all, the startup has raised more than $17 million to ...
Multiple Google services briefly go offline after wide-reaching authentication issue
Many of Google LLC’s most widely used services, including Gmail, Google Docs and Maps temporarily went offline this morning as a result of an issue with an internal authentication system. The search giant resolved the problem for most users in less than an hour. A company spokesperson told TechCrunch in a statement that the outage ...
Amazon’s Zoox unit has built its own self-driving taxi
Amazon.com Inc.’s Zoox unit has pulled back the curtains on a homegrown self-driving taxi that can cover up to 75 miles an hour and drive more than half a day on a single battery charge. Foster City, California-based Zoox was acquired by Amazon earlier this year in a deal reportedly worth $1.2 billion. The online ...
Solid-state lidar maker Innoviz to go public in $1.4B SPAC merger
Innoviz Technologies Ltd., a maker of lidar sensors for autonomous vehicles that counts BMW AG among its customers, today announced plans to go public via a merger with a special purpose acquisition company. Special purpose acquisition companies, most commonly referred to as SPACs or blank-check companies, are entities created for the sole purpose of merging ...
Report: Apple developing in-house mobile modem chips
Apple Inc. earlier this year launched a project to develop homegrown modem chips for its mobile devices, according to leaked remarks by one of the company’s top engineering executives. The news sent shares of Qualcomm Inc., Apple’s current mobile chip supplier, down more than 8% today. Bloomberg reported on Thursday that Johny Srouji, Apple’s senior vice ...
Biggest tech IPO of 2020: Airbnb soars to $87B market cap in trading debut
Home rental provider Airbnb Inc.’s market capitalization surged to about $87 billion in its trading debut on the Nasdaq this morning, crowning its initial public offering as the largest this year for a tech firm. Airbnb raised approximately $3.5 billion prior to the opening bell by selling a reported 51.5 million shares at $68 apiece. That ...
Adobe leaps past forecasts to record quarterly revenue
Adobe Systems Inc. today posted fourth-quarter earnings that beat analyst expectations and paired the results with upbeat guidance for the 2021 fiscal year. The developer of Photoshop and other multimedia software delivered in as cloud services wrapped up the three months ended Nov. 27 with record revenues of $3.42 billion, 14% more than a year ago ...