Maria Deutscher
Latest from Maria Deutscher
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 ...
Two months after launch, monitoring startup Pixie Labs acquired by New Relic
New Relic Inc. today announced plans to acquire Pixie Labs Inc., a startup with a platform for monitoring Kubernetes workloads that launched from stealth mode just over two months ago. Pixie Labs launched at the start of October with $9.15 million in initial funding and a platform designed to make it easier to monitor applications ...
Samsung adopts Google Cloud’s TPU chips to train its Bixby voice assistant
Google LLC today disclosed that Samsung Electronics Co. Ltd. has been using its Cloud Tensor Processing units, specialized artificial intelligence chips available via its cloud platform, to enable the voice assistant features it offers users. Samsung is one of the world’s largest mobile device makers. It provides a voice assistant under the Bixby brand that competes ...
AWS’ Graviton2-based instances help Arm design chips faster
Arm Ltd., whose chip designs can be found in everything from smartphones to data centers, will move most of the electronic design automation applications used by its engineers to Amazon Web Services Inc.’s cloud platform. The project was detailed by AWS this morning. Modern processors contain billions of transistors organized into logic gates, which are ...
Red-hot IPOs: C3.ai nets $651M and shares soar 120%, as DoorDash stock rises 85%
Updated: C3.ai Inc., the artificial intelligence software provider led by tech billionaire Tom Siebel, has raised a higher-than-expected $651 million in its initial public offering after selling 15.5 million shares at $42 apiece. The company started trading today on New York Stock Exchange under the ticker symbol “AI,” and shares immediately jumped to $100 a ...
‘Visual data computing’ startup Einblick launches with DARPA as a customer
Einblick Analytics Inc., a startup spun out of MIT and Brown University, today launched from stealth mode with a “visual data computing platform” that it says can give enterprise analytics projects a boost. Einblick has raised $6 million in seed funding from Amplify Partners, Flybridge and Samsung Electronics Co. Ltd.’s Next venture capital arm to ...
Snowflake rival Firebolt exits stealth with blazingly fast cloud data warehouse
Firebolt Analytics Inc., a startup led by former executives from analytics unicorn SiSense Inc., today exited stealth mode with a cloud data warehouse that it says can provide more than 100 times better performance than rivals. Firebolt, based in Tel Aviv, is backed by $37 million from investors that include Bessemer Venture Partners, Zeev Ventures, ...
Google opens its Fuchsia operating system to outside code contributors
Members of the open-source community can now contribute code to Fuchsia, an experimental operating system that Google LLC has been developing over the past four years. Fuchsia first appeared with little fanfare in 2016 as a project on Google’s official GitHub page. The operating system is open-source and developers outside the search giant could freely ...