Maria Deutscher
Latest from Maria Deutscher
Composio raises $25M in funding to ease AI agent development
Composio, a startup with a platform for building artificial intelligence agents, today announced that it has raised $25 million in funding. Lightspeed Venture Partners led the Series A round. It was joined by SV Angel, HubSpot Inc. founder Dharmesh Shah and more than a half dozen other backers. Composio’s outside funding now stands at about ...
New Google AI system wins gold medal in prestigious math competition
An artificial intelligence model developed by Alphabet Inc.’s Google DeepMind unit has won a gold medal in the International Mathematical Olympiad. The company announced the achievement today, two days after OpenAI disclosed that it has reached the same milestone. However, the ChatGPT developer reportedly earned its gold medal in a different manner. Whereas Google’s AI ...
Figma seeking $1B+ IPO that could value it at $16.4B
Graphic design software maker Figma Inc. hopes to achieve a valuation as high as $16.4 billion in its upcoming initial public offering. The company disclosed the listing’s proposed financial terms today in conjunction with the launch of its IPO roadshow. An IPO roadshow is a series of investor meetings designed to raise interest in a ...
BrightAI raises $51M to ease infrastructure maintenance with AI
BrightAI Inc., a startup using artificial intelligence to help companies maintain physical assets, today announced that it has closed a $51 million funding round. Khosla Ventures and Inspired Capital led the Series A investment. They were joined by BoxGroup, Marlinspike, Rsquared VC, Cooley LLP, VSC Ventures and other backers. BrightAI says the cash infusion follows ...
Report: Claude users experienced unannounced usage limit reductions
Multiple customers of Anthropic PBC’s Claude artificial intelligence assistant believe their usage limits were quietly lowered this week. TechCrunch reported on Thursday that the issue affected users of Claude’s top-end Max tier, which costs $200 a month. The customers in question encountered an error message that read “Claude usage limit reached.” The service reset this ...
Meta won’t implement voluntary AI guidelines proposed by EU
Meta Platforms Inc. today declined to implement a set of guidelines that the European Union has proposed for the artificial intelligence sector. The guidelines are outlined in a document called the General-Purpose AI Code of Practice, or GPAI, that was released on July 10. It covers topics such as model safety and training data collection. Implementing ...
OpenAI rolls out ChatGPT agent to automate multistep browser tasks
OpenAI today launched a new artificial intelligence agent that can perform complex tasks in the user’s browser. ChatGPT agent, as the feature is called, is powered by a new reasoning-optimized AI model. OpenAI says that the algorithm outperforms its earlier AI systems across a range of benchmarks. The agent is designed to automate tasks that ...
Uber to deploy 20,000 autonomous taxis in partnership with Lucid and Nuro
Uber Technologies Inc. plans to deploy at least 20,000 autonomous taxis through two new partnerships that it announced today. Lucid Group Inc., a Nasdaq-traded automaker, will build the vehicles. Venture-backed startup Nuro Inc. is set to provide autonomous driving software for those vehicles. As part of the collaboration, Uber is reportedly investing $300 million in ...
TSMC’s quarterly profit jumps 60% on continued AI chip demand
Taiwan Semiconductor Manufacturing Co. today posted second quarter results that topped the consensus estimate across the board. The world’s largest contract chipmaker saw its profit jump 61% year-over-year in the three months through June. TSMC closed the quarter with net income of 398.27 billion New Taiwan dollars, or $13.55 billion. Analysts had expected $12.86 billion. ...
HPE inks cooperation agreement with activist investor Elliott
Hewlett Packard Enterprise Co. has inked a cooperation agreement with Elliott Investment Management that will avert the possibility of a proxy fight. The company announced the deal today. Elliott is an activist investment firm that buys into companies and then promotes business changes designed to boost their stock price. Those changes sometimes include leadership reshuffles. ...