Maria Deutscher
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Fintech unicorn SoFi shells out $1.2B for financial API provider Galileo
Financial technology unicorn Social Finance Inc., better known as SoFi, today said that it has inked a deal to acquire partner Galileo Financial Technologies Inc. for $1.2 billion in cash and stock. Galileo will operate as an independent subsidiary of SoFi after the transaction is completed. The company’s chief executive officer, Clay Wilkes, will stay ...
Intel pledges $50M for coronavirus research and tech projects
Intel Corp. today committed an additional $50 million toward coronavirus response efforts and detailed some of the initiatives it’s supporting, including a project to develop a new mass-producible ventilator. The commitment comes on top of a $10 million donation the chipmaker announced earlier. Intel is dividing the new capital among three programs each aimed at helping in a ...
Google launches Local Home SDK to boost edge computing in the smart home
Google LLC today announced the general availability of Local Home SDK, a development toolkit that will help connected-device makers improve the reliability and responsiveness of their products. Connected devices such as smart kitchen appliances often offload processing tasks to a cloud-based backend. That helps manufacturers keep the complexity and cost of their devices low, but it ...
IBM CEO Arvind Krishna shakes up leadership team on first day at the helm
IBM Corp. Chief Executive Officer Arvind Krishna, who officially took the helm today after being selected to succeed Ginni Rometty in January, has announced a series of major leadership changes at the company. The shakeup is part of Krishna’s plan to refocus IBM on hybrid cloud computing and artificial intelligence. These two trends, Krishna (pictured) ...
Microsoft joins $215M investment in photonic quantum computer startup PsiQuantum
Microsoft Corp.’s M12 venture capital arm and a number of other prominent investors have bet $215 million on PsiQuantum Corp., a startup aiming to build a million-qubit photonic quantum computer within a few years. The investment was first reported by Bloomberg today. It makes PsiQuantum one of the most well-funded startups in the quantum computing ecosystem. Palo Alto, ...
OctoML reels in $15M to automate cross-platform AI optimization
OctoML Inc. today announced that it has closed $15 million in fresh funding, a mere six months after last raising capital, to continue work on its automated artificial intelligence optimization platform. Seattle-based OctoML was founded last year by a group of University of Washington computer scientists. The team, led by Chief Executive Officer Luis Ceze ...
IBM builds two AI-powered tools for coronavirus research
IBM Corp. today launched two artificial intelligence-powered services that it developed specifically to help advance the study of COVID-19 and potential treatments. The services were announced by IBM research head Dario Gil in a blog post. The first is a cloud-based molecular explorer that enables researchers to study COVID-19 therapeutic candidates, or molecules that have the potential to ...
To help global health authorities, Google harnesses users’ location data
Google LLC is harnessing the anonymized location data it collects about users for a new mapping tool that will enable public health officials battling the coronavirus to view movement trends across regions. The tool, COVID-19 Community Mobility Reports, came online today. The search giant envisions authorities using it for tasks such as tracking whether people abide ...
Data governance unicorn Collibra now worth $2.3B following $112.5M round
Data governance startup Collibra Inc. today announced that it has closed a $112.5 million funding round led by ICONIQ Capital and Index Ventures at a $2.3 billion valuation. Alphabet Inc.’s CapitalG investment arm, which was the biggest backer of Collibra’s previous round, chipped in as well. It was joined by Battery Ventures, Dawn Capital and Durable Capital ...
Intel hits speed milestone with latest batch of high-end laptop chips
Intel Corp. today unveiled six new 10th-generation processors for premium laptops, including an eight-core model that it claims offers the fastest clock speed in the category. The Core i9-10980HK, the star of the lineup, has eight cores capable of running a combined 16 threads at once. The chip can boost its base frequency of 2.4 gigahertz to as high ...