Maria Deutscher
Latest from Maria Deutscher
US to roll out 100% chip tariff with exemptions for TSMC, Samsung
The U.S. will apply a 100% tariff to certain chip imports in a bid to encourage domestic semiconductor production. U.S. President Donald Trump announced the move on Wednesday during a White House event. He was joined by Apple Chief Executive Officer Tim Cook, who revealed that the iPhone maker will invest another $100 billion domestically ...
Trump calls on Intel CEO Lip-Bu Tan to step down
U.S. President Donald Trump today called on Intel Corp. Chief Executive Officer Lip-Bu Tan to resign. “The CEO of INTEL is highly CONFLICTED and must resign, immediately,” Trump wrote in a post on his Truth Social social media platform. “There is no other solution to this problem. Thank you for your attention to this problem!” ...
OpenAI reportedly in talks for secondary sale at $500B valuation
OpenAI is in talks to hold a secondary sale that could boost its valuation to $500 billion, multiple publications reported today. A secondary sale is a transaction in which a company’s existing shareholders sell equity. The company itself doesn’t receive any of the proceeds. According to CNBC, OpenAI’s secondary sale will be open to current ...
Extreme Networks shares jump 14% on strong quarterly results
Shares of Extreme Networks Inc. closed 14% higher today after it posted financial results that topped expectations across the board. The company, which makes network equipment and software for managing it, generated $307 million in revenue during the fiscal fourth quarter ended June 30. That’s almost 20% more than a year earlier and 2% above ...
Cohere launches its North AI productivity platform into general availability
Artificial intelligence startup Cohere Inc. today made its North productivity platform generally available. The launch comes about seven months after the offering debuted in early access. Since then, Cohere has built up an initial installed base that includes Dell Technologies Inc., the Royal Bank of Canada and other large enterprises. North provides a chatbot interface ...
OpenAI, Anthropic release new reasoning-optimized language models
OpenAI and Anthropic PBC, two of the leading artificial intelligence model providers, today both introduced new large language models optimized for reasoning tasks. OpenAI’s new algorithms, gpt-oss-120b and gpt-oss-20b, are available under an open-source license. Anthropic, for its part, released an upgraded version of its proprietary Claude Opus 4 large language model. The update improves ...
SentinelOne acquires AI security startup Prompt Security
SentinelOne Inc. today announced plans to buy Prompt Security Ltd., a startup with a platform for protecting workers from risky artificial intelligence applications. The acquisition price was not disclosed. Globes reported that the deal values Prompt Security at $250 million to $300 million, more than 10 times what the startup has raised from investors. The ...
Google DeepMind debuts Genie 3 model for generating interactive virtual worlds
Alphabet Inc.’s Google DeepMind lab today detailed Genie 3, an artificial intelligence model designed to generate virtual worlds. The AI is the third iteration of an algorithm series that the company introduced last February. According to DeepMind, it could help advance machine learning research by creating higher-quality training environments for AI models. Genie 3 generates ...
QuamCore raises $26M to build a million-qubit quantum computer
QuamCore Ltd, a startup working to develop a quantum computer with one million qubits, today announced that it has raised $26 million in early-stage funding. Sentinel Global led the Series A round with participation from Arkin Capital and several returning backers. The investment brings QuamCore’s outside funding to $35 million. The largest quantum chips manufactured ...
Crypto exchange operator Bullish seeks to raise $629M in IPO
Bullish US LLC, the operator of an eponymous cryptocurrency exchange, has priced its upcoming initial public offering. The Cayman Islands-based company, backed by investor Peter Thiel, originally filed for an IPO in mid-July without disclosing the financial terms. In an amended filing submitted today, Bullish revealed that it hopes to sell 20.3 million shares for ...