Maria Deutscher
Latest from Maria Deutscher
Travis Kalanick resigns from Uber’s board after offloading $2.5B+ of stock
Uber Technologies Inc. co-founder Travis Kalanick is stepping down from its board as of Dec. 31, the company said today, and the search has begun for a new director to fill the soon to be vacant seat. After establishing Uber in 2010 with co-founder Garrett Camp, Kalanick (pictured) served as its chief executive officer for ...
Security intelligence startup RiskRecon acquired by Mastercard
Mastercard Inc. today said that it has acquired RiskRecon Inc., the startup behind an artificial intelligence service for identifying indirect cybersecurity threats in a company’s business ecosystem. The financial terms of the deal were not disclosed. Founded four years ago in Salt Lake City, Utah, RiskRecon has raised $40 million from investors that included Accel. The ...
Amazon backs mammoth $1.3B funding round for Tesla rival Rivian
Rivian Automotive Inc., an electric vehicle startup tapped by Amazon.com Inc. to supply 100,000 vans for its delivery fleet, today announced that it has raised $1.3 billion in funding from the online retail giant and other institutional backers. Plymouth, Michigan-based Rivian spent about a decade working in stealth mode before debuting last year at the ...
Mapping data provider Here sells 30% stake to NTT and Mitsubishi
Here Global N.V., a major provider of mapping data for industries such as the auto sector, today said that it has sold a 30% equity stake to Japan’s NTT Corp. and Mitsubishi Motors Corp. The size of the deal was not disclosed in the official release. But the Financial Times, which attended a news conference ...
Solid revenue and profit growth sends BlackBerry’s shares soaring 11%
Despite some weakness in its “internet of things” business, BlackBerry Ltd. managed to beat both revenue and profit expectations with its third-quarter earnings report this morning, sending shares up more than 11%. Waterloo, Canada-based BlackBerry has over the last few years transformed from a phone maker to a provider of enterprise software. The company offers a range ...
Apple reportedly developing satellite technology in hush-hush internal project
Apple Inc. has quietly joined the ranks of the Silicon Valley firms working on their own satellite technology, Bloomberg reported today. The insiders who spoke to the outlet on condition of anonymity said the project is being led by a team inside the iPhone maker with about a dozen members. It’s unclear whether Apple’s plan is ...
Another setback for Uber as court bans it from operating in Germany
Weeks after London municipal authorities decided not to renew Uber Technologies Inc.’s license, a German regional court has issued a ruling that effectively bans the company from Europe’s largest economy. Uber operates differently in the European Union than in the United States. After a 2017 court decision, the company doesn’t maintain a network of drivers ...
Facebook developing its own OS to replace Android, plus new AR glasses
A homegrown operating system capable of replacing Android, a custom chip and augmented reality glasses are among the upcoming technologies the industry can potentially expect from Facebook Inc. in the coming years, according to a new report. Details of the social network’s roadmap emerged today in a story from The Information that quoted company executives. There ...
NYT investigation exposes massive database logging 12M Americans’ movements
A New York Times investigation has uncovered a massive location database containing detailed information about the movements of more than 12 million Americans, and the trove is likely only one of many such repositories. The paper detailed the discovery in a lengthy article published this morning. The database came from an unnamed location data company and was ...
Report: Broadcom hires a bank to help it sell its $2.2B RF chip business
Broadcom Inc. has hired Credit Suisse Group AG to help it sell one of its chip businesses, according to a new report, and insiders apparently believe that a potential deal could be worth as much as $10 billion. The Wall Journal Street published details of the initiative this morning, attributing the information to multiple unnamed ...