Maria Deutscher
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Uber picks up software maker Routematch to advance public transit push
Uber Technologies Inc. today said that it’s acquiring Routematch Software Inc., an Atlanta-based firm whose software is used by public transit agencies worldwide to power their operations. The deal is an extension of Uber’s ongoing effort to expand into new markets. It could also potentially accelerate the company’s autonomous vehicle roadmap. Uber didn’t disclose the financial ...
Cloud data platform startup Qumulo lands $125M round at $1.2B+ valuation
Qumulo Inc., a startup with a data platform that can store billions of files, today joined the unicorn club after announcing it has raised $125 million at a valuation exceeding $1.2 billion. The round was led by BlackRock Inc., the world’s largest asset management firm. Madrona Venture Group, Kleiner Perkins and Highland Capital Partners joined in. ...
In potential blow to tech giants, top EU court strikes down Privacy Shield
The European Court of Justice today struck down the transatlantic data-sharing agreement known as the EU-US Privacy Shield in a ruling that will limit what tech giants can do with their users’ information. The EU-US Privacy Shield is a legal framework implemented by the European Union and the U.S. in 2016. It allows, or more ...
Google to become newest investor in India’s Jio by acquiring $4.5B stake
Google LLC today said it will acquire a 7.73% stake in Jio Platforms Limited, India’s largest mobile carrier, for $4.5 billion. The deal comes as part of the search giant’s newly announced plans to invest $10 billion in India over the coming years. One of the initiative’s goals is to expand internet access in the ...
Researchers use Intel’s neuromorphic chip to build artificial skin
Intel Corp. today revealed that researchers are using its neuromorphic chips to develop artificial skin for robots, in a project representing one of the first practical applications of the technology. Intel, the leading maker of central processing units, is researching alternative chip architectures to help it maintain its long-term competitive advantage. Neuromorphic computing is one ...
Apple lands key victory in $15B tax case over Irish subsidiaries
A European Union court today ruled that Apple Inc. doesn’t have to pay 13 billion euros, or about $15 billion, in back taxes it was ordered to cough up under a 2016 regulatory decision. Apple until a few years ago collected much of the revenue it made in the EU through a pair of Ireland-based ...
AMD intros industry’s first 64-core processor for enterprise workstations
Advanced Micro Devices Inc. today introduced a high-speed processor for enterprise workstations that it says can provide more performance than two Intel Corp. chips combined. The central processing unit, known as the 3995WX, is also touted as the first workstation processor to feature 64 cores. It’s part of a newly launched chip family called the ...
Salesforce leads $120M funding round into secure access provider Auth0
A little more than a year after joining the unicorn club, Auth0 Inc. today divulged that it has closed a $120 million late-stage round led by Salesforce.com Inc. at a $1.92 billion valuation. Bellevue, Washington-based Auth0 sells cloud services that developers rely on to let users securely log into their applications. The startup’s services automate ...
Amazon’s new ‘smart’ shopping cart uses sensors to enable cashierless stores
Amazon.com Inc. today pulled back the curtains on its latest retail technology project: a “smart shopping cart” called the Dash Cart that enables storegoers to buy groceries without waiting in a checkout line. Amazon, best known for its e-commerce marketplace, also has a $4 billion-plus brick-and-mortar division. The company is experimenting with cashierless stores that enable customers ...
Led by ex-AWS AI exec, Abacus.AI raises $13M to automate neural network creation
Abacus.AI Inc., an artificial intelligence startup led by Amazon Web Services Inc. and Google LLC veterans, today announced it has raised a $13 million funding round from a group of prominent tech industry figures. Noted venture capitalist Mike Volpi led the round. Volpi, known for his role at early Facebook Inc. investor Index Ventures, was ...