Maria Deutscher
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In latest expectation-beating tech IPO, Duck Creek Technologies raises $405M
Duck Creek Technologies Inc., a maker of specialized software-as-a-service products for the insurance sector, raised $405 million in a Thursday initial public offering priced above the expected range. The company’s momentum continued into today, pushing its shares nearly 56% higher than their IPO price in their trading debut on the Nasdaq stock exchange. Duck Creek raised ...
Chip startup Blaize debuts AI modules for machine learning at the edge
Venture-backed chip startup Blaize Inc. has introduced three new hardware modules for running artificial intelligence models at so-called edge locations such as factories. The modules, announced on Thursday, are based on the Graph Streaming Processor that the startup first previewed last November. That’s the month Blaize exited stealth mode with $87 million in funding from ...
Report: Apple gearing up to launch ‘Apple One’ subscription services bundle
Apple Inc. is reportedly developing a new subscription offering that will allow users to purchase all of its core entertainment and content services for a single discounted price. The offering is referred to internally as Apple One, according to the Bloomberg report that detailed the iPhone maker’s plans today. It’s expected to launch as early ...
Mirantis acquires Kubernetes platform Lens to extend container portfolio
Mirantis Inc. today said that it has acquired Lens, a popular open-source platform for managing Kubernetes deployments that is used by engineers at Apple Inc. and other major tech companies. Campbell, California-based Mirantis is backed by more than $200 million in funding and sells software that organizations use to manage their container environments. Last year, ...
Intel shares first in-depth technical preview of upcoming Tiger Lake chips
Intel Corp. today gave the world the first in-depth look at its upcoming 10-nanometer Tiger Lake laptop processors, which the chipmaker says will provide the biggest performance jump inside an existing chip architecture in its history. It also shared details about its upcoming graphics cards for data centers. The Tiger Lake processor previews comes at ...
Apple partner Foxconn is splitting its supply chain amid trade tensions
Hon Hai Precision Industry Co., better known as Foxconn, today reported a better-than-expected quarterly profit and said it’s realigning its manufacturing operations amid the U.S.-China trade tensions. Foxconn is a key supplier to Apple Inc. and other tech giants. The firm assembles a sizable percentage of the iPhones that are sold globally every year, as well ...
Uber and Lyft warn they may suspend services in California after court ruling
Updated: Uber Technologies Inc. Chief Executive Dara Khosrowshahi today said that the company may have to stop providing its services in California for a few months amid a lawsuit from the state attorney general. The lawsuit focuses on the company’s driver policies. A law called AB5 that went into effect in California this year requires ...
Gong now valued at $2.2B after raising $200M for its AI sales platform
Gong I.O. Ltd., a startup that uses artificial intelligence to help companies generate more revenue, today said that it has raised $200 million in funding at a $2.2 billion valuation. The investment follows a year in which the San Francisco-based startup says it has grown its revenue by 250%, though on an undisclosed base. Gong ...
Qualcomm wins key appeal in chip licensing antitrust case
Qualcomm Inc. has successfully appealed a 2019 court ruling that ordered the company to renegotiate its lucrative chip deals with mobile device makers and sent its stock price plunging more than 10% at the time. The ruling was overturned earlier today by the Ninth Circuit Court of Appeals in a unanimous 3-0 decision. The legal ...
Upgrading its education portfolio, Google debuts new virtual class features for Meet
Google LLC today refreshed its portfolio of productivity tools for the education market with a slew of new online learning features headlined by improvements to Google Meet, its videoconferencing service. Meet is included in the G Suite Education version of the search giant’s productivity suite, which is used by schools worldwide. G Suite Education also ...