Maria Deutscher
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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 ...
Whistleblower says DOGE copied Social Security data to insecure cloud environment
A senior official at the U.S. Social Security Administration today filed a whistleblower complaint over DOGE’s access to agency data. The official, SSA Chief Data Officer Chuck Borges, is represented by the nonprofit Government Accountability Project. The whistleblower complaint is addressed to members of Congress and the U.S. Office of Special Counsel. An SSA spokesperson ...
Okta acquires Axiom Security after better-than-expected second quarter
Okta Inc. today announced plans to acquire Axiom Security Ltd., a startup with a platform for managing user access to sensitive applications. The deal is reportedly worth $100 million. That’s about 10 times what Axiom raised from investors prior to the acquisition. Okta announced the deal shortly before releasing its second-quarter earnings report, which sent its ...
Stanford study finds AI has reduced availability of entry-level programming jobs
A new Stanford University study suggests that the number of entry-level programming jobs in the U.S. has declined significantly since the launch of ChatGPT. The paper was published today by three economists at the university’s Digital Economy Lab. It’s based on employment data provided by Automatic Data Processing Inc., better known as ADP. The researchers ...
Elon Musk’s xAI sues Apple and OpenAI over alleged anticompetitive practices
Elon Musk’s xAI Holdings Corp. today sued Apple Inc. and OpenAI for allegedly engaging in anticompetitive practices. The move comes a few weeks after Musk previewed the complaint in a post on X. He accused Apple of breaching antitrust rules by making it impossible for OpenAI competitors to top the App Store’s ranking of the most ...
Intel warns of potential business risks related to US government’s investment
The U.S. government’s plan to take a stake in Intel Corp. could have “adverse consequences,” the chipmaker warned today. The company detailed the potential business risks in a filing with the U.S. Securities and Exchange Commission. Last year, Intel won more than $7.8 billion in federal funding under the CHIPS Act. It also secured $3.2 ...
Thoma Bravo to acquire contact center software provider Verint for $2B
Thoma Bravo is acquiring Verint Systems Inc., a provider of contact center automation software, for $2 billion including debt. The announcement of the deal today came less a week after the private equity firm’s previous acquisition. On Thursday, Thoma Bravo agreed to purchase workforce management software provider Dayforce Inc. for $12.3 billion. Nasdaq-listed Verint counts ...
SASE provider Netskope files to go public
Cybersecurity and connectivity provider Netskope Inc. today filed paperwork for an initial public offering. The company didn’t disclose the sum that it hopes to raise or its target valuation. Netskope was valued at $7.5 billion following its most recent funding round, a $300 million investment that closed in 2021. The software maker has raised more ...
Trump says US government will take 10% stake in Intel
U.S. President Donald Trump today announced that the federal government will receive Intel Corp. shares in exchange for the CHIPS Act financing the company won last year. Trump detailed the deal, which confirms recent media reports, during a White House press briefing. He told attendees the U.S. government will take a 10% stake in Intel. ...