Maria Deutscher
Latest from Maria Deutscher
OpenAI to build five more Stargate data centers in the US with Oracle and SoftBank
OpenAI today announced plans to build five new data center sites in the U.S. as part of its Stargate initiative. Launched in January, Stargate is intended to provide the artificial intelligence provider with 10 gigawatts’ worth of computing infrastructure. The project is expected to cost $500 billion over four years. OpenAI is partnering with Oracle Corp. ...
Microsoft adds new code modernization features to GitHub Copilot and Azure Migrate
Microsoft Corp. today updated its GitHub Copilot and Azure Migrate services with new features designed to help companies modernize their legacy applications. The enhancements are rolling out alongside a professional service offering called Azure Accelerate. Similarly to the feature additions, it focuses on speeding up application upgrades. Programming languages and development tools sometimes receive updates ...
Filevine raises $400M for its legal case management platform
Filevine Inc., the developer of a software platform that helps attorneys create and manage legal documents, has raised $400 million in funding. The startup disclosed today that it received the capital in two tranches. Insight Partners led the first round and co-led the second, larger deal with Accel and Halo Fund. The latter investment also ...
Empower Semiconductor raises $140M+ for its power management chips
Chip startup Empower Semiconductor Inc. today announced that it has closed a funding round worth more than $140 million. Fidelity led the Series D investment. It was joined by Alphabet Inc.’s CapitalG startup fund, Walden Catalyst Ventures, Maverick Silicon, Atreides Management, Socratic Partners, Knollwood and a wholly owned subsidiary of the Abu Dhabi Investment Authority. ...
Nvidia will invest up to $100B in OpenAI to finance data center construction
Shares of Nvidia Corp. rose nearly 4% today after it announced plans to invest up to $100 billion in OpenAI. The funding is intended to help the artificial intelligence provider grow its data center capacity. According to OpenAI, the plan is to add least 10 gigawatts’ worth of computing infrastructure. One gigawatt corresponds to the ...
Oracle appoints Clay Magouyrk and Mike Sicilia co-CEOs amid AI growth
Oracle Corp. today appointed Clay Magouyrk and Mike Sicilia as co-chief executive officers. Magouyrk and Sicilia are succeeding longtime CEO Safra Catz, who is moving to the role of executive vice chair. Oracle’s chair is founder Larry Ellison, who held the CEO post for more than three decades before stepping down in 2014. He is ...
Oracle shares climb on reports it could ink $20B cloud deal with Meta
Shares of Oracle Corp. closed 4% higher today following reports that it’s negotiating a $20 billion deal to provide Meta Platforms Inc. with cloud infrastructure. Sources told Reuters that the Facebook parent would use the hardware for artificial intelligence training and inference. Separately, Bloomberg reported that the value of the deal could exceed $20 billion. ...
Report: OpenAI poaches dozens of Apple employees amid consumer hardware push
OpenAI reportedly plans to launch its first consumer device in late 2026 or early 2027. The Information today cited sources as saying that the ChatGPT developer has poached dozens of Apple Inc. employees to support its product development effort. Additionally, OpenAI is believed to have inked a manufacturing contract with one of the iPhone maker’s ...
Nvidia may invest $500M in Wayve after reported $900M+ Enfabrica deal
Nvidia Corp. may invest $500 million in Wayve Technologies Ltd., a British startup that develops autonomous driving software optimized for its chips. The companies detailed the potential cash infusion on Thursday. A few hours earlier, CNBC reported that Nvidia had recruited key employees of Enfabrica Inc., a data center hardware startup. The chipmaker reportedly made ...
Octopus Energy to spin off Kraken software unit at potential $15B valuation
Octopus Energy Group Ltd. today announced plans to spin off its Kraken subsidiary, which sells software that helps utilities operate more efficiently. The Wall Street Journal cited analysts as saying that the deal could value Kraken at $15 billion. It’s believed the software maker may seek to go public within one year of the deal’s ...