Maria Deutscher
Latest from Maria Deutscher
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 ...
IBM develops new battery technology that can be made from seawater
IBM Corp.’s research arm today detailed its work on a new battery design that doesn’t require any heavy metals to build and could potentially be more efficient than today’s lithium-ion technology. Virtually all rechargeable electronic systems from smartphones to Tesla Inc. cars store their energy on lithium-ion batteries, which use cobalt and nickel to power their ...
Amazon, Apple and Google team up to build a network standard for the smart home
It’s not every day that the world’s most prominent tech firms team up to launch an open-source project. Amazon.com Inc., Apple Inc., Google LLC and the industry group Zigbee Alliance this morning announced a joint initiative dubbed Connected Home over IP that will seek to develop a common networking standard for smart household appliances. Their goal ...
Anyscale, led by UC Berkeley scientists, raises $20.6M to make distributed AI easier
The artificial intelligence applications being built today are often too large to run on a single server, which requires distributing them across multiple machines. But distributed computing experts are in short supply even for enterprises that can afford their own in-house AI teams, an issue that has emerged as an obstacle to machine learning adoption. Berkeley, ...
Dell’s Boomi acquires data wrangling startup Unifi to boost iPaaS platform
Dell Technologies Inc.’s Boomi subsidiary is buying Unifi Software Inc., a provider of artificial intelligence-powered data management tools that has raised close to $50 million in venture funding. Boomi didn’t disclose the price tag in the acquisition announcement today. The buyout comes not long after Unifi’s most recent round of funding, a $17 million investment in April ...
It’s official: LogMeIn set to go private in $4.3B acquisition
Confirming recent reports, LogMeIn Inc. today announced that it has inked a definitive agreement to be acquired by Francisco Partners Management and Elliott Management’s Evergreen affiliate for $4.3 billion. The deal is poised to take LogMeIn off the Nasdaq stock exchange after a more than 11-year run as a publicly traded company. Shareholders of LogMeIn, which ...
Cisco snaps up low-latency networking provider Exablaze
Cisco Systems Inc. today announced plans to acquire Exablaze Pty. Ltd., an Australian firm that makes ultra-low-latency networking devices and chips for financial applications such as algorithmic stock trading. The dollar value of the deal is not being disclosed. Cisco expects to wrap up the transaction in its fiscal third quarter ending April 27. Sydney-based ...
Intel shells out $2B for high-speed AI chip startup Habana Labs
A mere two years after exiting stealth mode, artificial intelligence chip startup Habana Labs Ltd. has been acquired by Intel Corp. in a landmark $2 billion acquisition. Revealed today, the transaction is notable not only for its size but also the potential effects on Intel’s strategic roadmap. Habana’s cutting-edge silicon could potentially enable the company to narrow ...
In new security push, Google Cloud adds a raft of integrations and partner tie-ups
Google LLC today announced a bevy of integrations between its cloud platform and popular cybersecurity tools, as well as several new partner-provided offerings, that will give enterprise customers more ways to defend themselves against hacking. The product integrations are the linchpin of the announcement. They span several key security tool categories and include a number of major ...
On heels of $150M IPO, Sprout Social drops 3% in first day of trading
Social media technology provider Sprout Social Inc. saw its shares slide more than 3% on the Nasdaq stock exchange today after closing a $150 million initial public offering last night, signaling that the IPO market will likely continue to remain complicated for tech firms in 2020. The company sold 8.8 million shares at $17 apiece late ...