Maria Deutscher
Latest from Maria Deutscher
Algorithmia launches new Teams edition of its AI platform
Algorithmia Inc., a Google LLC-backed startup that helps companies build and deploy artificial intelligence models, today launched a pay-as-you-go “Teams” edition of its platform to make it more accessible for machine learning developers. The new low-cost edition could give the startup’s sales strategy a boost in a time when it faces fierce competition from other ...
IT analytics provider Sumo Logic files for IPO as it pursues $49.3B market
Less than two years after becoming a unicorn, Sumo Logic Inc. today filed for an initial public offering, revealing rapid revenue growth and a recent increase in losses as well. Redwood City, California-based Sumo Logic provides a cloud analytics platform that information technology teams use to look for infrastructure issues and cybersecurity threats. The platform’s ...
AI development unicorn Dataiku picks up $100M in fresh funding
Dataiku Inc., a startup that provides a software platform for building artificial intelligence models, has closed a $100 million investment led by the growth equity firm Stripes. Stripes was joined by Who’s Who of other institutional backers in the round, which was announced today. The group included Alphabet Inc.’s CapitalG startup investment arm, Battery Ventures, Iconiq ...
Lidar startup Luminar is going public via unusual $3.4B reverse merger
Luminar Technologies Inc., a heavily funded startup developing lidar sensors for autonomous vehicles, today said that it will hit the stock exchange through a $3.4 billion reverse merger with a so-called special purpose acquisition company. A special purpose acquisition company, or SPAC, is an entity created for the sole purpose of buying another firm and ...
Report: Palantir lost $579M in 2019 on revenue of $742M
Just weeks after Palantir Technologies Inc. disclosed that it has confidentially submitted an S-1 filing to go public, screenshots of the filing appear to have been leaked to the press, providing the first detailed glimpse at the company’s financials. The controversial data analytics firm lost $579 million in 2019 on revenues of about $742 million, ...
Facebook open-sources ‘embodied AI’ tools to advance robotic navigation
Facebook Inc. today introduced a new research dataset and an open-source development module to enable the creation of more capable “embodied” artificial intelligence models. Embedded AI is a term that usually refers to machine learning models installed on robots. These neural networks directly interact with their environment and often also require the ability to navigate ...
Amazon says consumer business CEO Jeff Wilke will leave next year
Jeff Wilke, a key Amazon.com Inc. executive who has headed its core Worldwide Consumer business since 2016, will retire from the company early next year. As chief executive officer of the Worldwide Consumer unit, Wilke (pictured) leads Amazon’s flagship online marketplace. The executive also played a key role in building out the logistics network that enables the company’s ...
Lyft and Uber California ride-hailing services to continue after court reprieve
Ride-hailing services from Lyft Inc. and Uber Technologies Inc. are continuing in California thanks to a last-minute ruling today by an appeals court. Lyft Inc. earlier today said that it would suspend its app’s ride-hailing function in California at 11:59 p.m. PDT, following a previous court ruling ordering it to reclassify drivers as employees. Uber had ...
IBM reaches new quantum chip performance milestone
IBM Corp. today announced a new milestone in its quest to develop a large-scale quantum computer, saying that it has doubled its 27-qubit Falcon chip’s quantum volume. Quantum volume is a metric for measuring quantum computer performance. The Falcon chip boasts a quantum volume of 64, double that of IBM’s previous most powerful system. Only ...
Google restores service after hours-long Gmail and Drive disruptions
Google LLC has resolved service disruptions in Gmail, Google Drive and other products that left some users unable to upload attachments while preventing others from logging in entirely. The issues lasted for about six hours from Wednesday evening PDT to early Thursday. Data from Ookla LLC’s DownDetector downtime tracking service indicates that the disruption was ...