Maria Deutscher
Latest from Maria Deutscher
Circle posts strong quarterly growth, but shares drop on proposed stock sale
Circle Internet Group Inc. today disclosed that its revenue jumped 54% year-over-year in the second quarter to $658 million. The cryptocurrency company’s first earnings report since going public was met positively by investors. Circle ended the trading session with its share price up 1.3%. However, the company dropped more than 5% after-hours on the announcement ...
Elon Musk to sue Apple over ChatGPT’s App Store ranking
Elon Musk has announced plans to sue Apple Inc. over the fact that the iOS version of ChatGPT is the top-ranked app in the App Store. “Apple is behaving in a manner that makes it impossible for any AI company besides OpenAI to reach #1 in the App Store, which is an unequivocal antitrust violation,” ...
Australian court finds Apple and Google breached competition rules with app stores
An Australian court has found that Apple Inc. and Google LLC breached local competition laws with their respective app stores. The ruling was issued today in connection with four different lawsuits. The first two were filed by Epic Games Inc., a major video game developer, while the other two are class-action complaints. It’s believed that ...
Microsoft to integrate GitHub more closely with its CoreAI unit after key executive’s departure
Thomas Dohmke, chief executive of Microsoft Corp.’s GitHub unit, today announced plans to step down. Axios reported that the tech giant doesn’t plan to appoint a new CEO for the business. Instead, it will relegate key leadership responsibilities to members of its recently formed CoreAI – Platform and Tools group. The unit maintains many of ...
Nvidia, AMD to pay US government 15% of revenue from AI chip exports to China
Nvidia Corp. and Advanced Micro Devices Inc. will pay the U.S. government 15% of the revenue they generate from graphics card exports to China. The arrangement was first reported by the Financial Times on Sunday. In a press conference today, U.S. President Donald Trump said that he had originally asked Nvidia to provide 20% of ...
Tahoe Therapeutics raises $30M to develop AI models for medical research
Tahoe Therapeutics Inc., a startup using artificial intelligence to speed up medical research, today announced that it has closed a $30 million investment. Amplify Partners led the funding round. It was joined by Databricks’ venture capital arm and a half dozen other institutional blockers. Tahoe is now valued at $120 million. Oncological research could be ...
SoftBank buys Foxconn plant in Ohio for $375M to make AI servers
SoftBank Group Corp. has reportedly bought a Foxconn plant in Ohio to advance its Stargate data center collaboration with OpenAI. Bloomberg revealed the purchase today. Foxconn, officially Hon Hai Precision Industry Co., is the world’s largest contract electronics manufacturer. It assembles Apple Inc.’s iPhones and supplies servers to multiple cloud providers. The company is also ...
Google Finance receives new AI market tracking features
Google LLC today debuted a new version of its Google Finance financial data search tool that uses artificial intelligence to process queries. The company plans to roll out the upgrade in the U.S. over the coming weeks. Users will have the option to toggle between the new and original version. Introduced in 2006, Google Finance ...
Meta reportedly acquires voice AI startup WaveForms
Meta Platforms Inc. has reportedly acquired WaveForms AI Inc., a developer of artificial intelligence models optimized to understand speech. The Information broke the news on Thursday. It’s unclear how much Meta is paying for WaveForms. Last December, the startup raised $40 million at a $200 million valuation, which suggests the sale price was in the hundreds ...
Ripple to acquire stablecoin payments startup Rail for $200M
Ripple Labs Inc. today announced plans to acquire Rail, a Canadian startup that uses stablecoins to expedite international payments. The deal is worth $200 million, or nearly 20 times the amount of funding that Rail has raised from investors. Ripple expects to complete the transaction by year’s end. San Francisco-based Ripple is the creator of ...