Maria Deutscher
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Elon Musk reportedly has been in regular contact with Vladimir Putin
Elon Musk has secretly been in “regular contact” with Russian President Vladimir Putin, the Wall Street Journal reported today. The paper attributed the information to current and former officials in the U.S., Europe and Russia. The sources said the calls between Musk and Putin began more than two years ago. In 2022, Musk stated that ...
Waymo raises $5.6B to grow its autonomous taxi service
Waymo LLC, Alphabet Inc.’s autonomous driving unit, today announced that it has closed a $5.6 billion funding round led by its parent company. The size of the search giant’s investment was not disclosed. In June, Alphabet disclosed plans to provide Waymo with up to $5 billion over several years. The funding round also included the ...
Payment processing startup Finix closes $75M investment
Startup Finix Inc. today announced that it has raised $75 million in funding to grow the adoption of its namesake payments platform, which processes more than 400 million transactions per day. Acrew Capital, Leap Global and Lightspeed Venture Partners jointly led the Series C investment. They were joined by more than a halfdozen other backers ...
White House issues memorandum on AI use in national security initiatives
The White House today released a document that outlines how the government should use artificial intelligence in national security initiatives. The new national security memorandum, or NSM, is the fruit of an AI-focused executive order that President Joe Biden signed last year. Alongside the creation of the memorandum, the order launched an array of other machine ...
Ingram Micro returns to public markets in $409M IPO
Ingram Micro Inc., a major distributor of enterprise information technology products, saw its shares climb more than 12% in their trading debut today. The company’s initial public offering wrapped up a few hours earlier with a funding haul of $409.2 million. Ingram Micro and its majority shareholder, private equity firm Platinum Equity, sold 18.6 million ...
Former Intel directors call on the chipmaker to split its fab and design units
Four former Intel Corp. directors have called on the chipmaker to spin off its fab business into an independent company. Reed Hundt, Charlene Barshefsky, James Plummer and David Yoffie expressed their position in a Fortune op-ed published on Tuesday. Hundt is a onetime Federal Commission Communications chair and Barshefsky is a former U.S. Trade Representative. ...
Fixify nabs $25M for its AI-supported help desk service
Fixify Inc., a startup helping companies process employees’ technical support requests more efficiently, today announced that it has raised $25 million in funding. Costanoa Ventures, Decibel Partners and Paladin Capital Group jointly led the Series A investment. Scale Venture Partners chipped in as well. Fixify’s total outside capital now stands at $32 million. Assembling a help desk team ...
Arm moves to cancel Qualcomm’s instruction set architecture license
Arm Holdings plc plans to cancel a license that gives Qualcomm Inc. permission to use its instruction set architecture in chips. Bloomberg reported the development today. Qualcomm, the world’s top maker of Android handset processors, acknowledged the licensing dispute in a statement. An instruction set architecture, or ISA, defines the language in which a central ...
Agentic AI startup CrewAI closes $18M funding round
CrewAI Inc., the developer of a popular tool for building artificial intelligence agents, has raised $18 million in funding to support its growth efforts. The startup announced the milestone today. It raised the capital over two rounds: a seed investment led by boldstart ventures and a Series A raise led by Insight Partners. CrewAI’s backers ...
TSMC notifies US of potential attempt to make Huawei chip using its fabs
Taiwan Semiconductor Manufacturing Co. has notified U.S. officials about a potential attempt by a customer to circumvent export controls on chip technology. Reuters and the Financial Times reported the development today. Earlier, sources told The Information that the U.S. Commerce Department is investigating whether TSMC has made artificial intelligence or smartphone chips for Shenzen-based Huawei Technologies ...