Maria Deutscher
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Microsoft teams up with OpenAI in new $1B artificial intelligence partnership
OpenAI Inc., the San Francisco lab working to develop human-level artificial intelligence, has received $1 billion from Microsoft Corp. to support its mission. The investment is part of a multiyear technology partnership the companies announced this morning. The sum matches the $1 billion in initial capital that OpenAI started out with when the lab launched ...
After $326M IPO, Medallia’s share price surges 75%
Though Medallia Inc. isn’t as high-profile as some of the other tech firms that have gone public recently, its stock market debut made a big splash this morning. The customer analytics provider opened on the New York Stock Exchange at $34 per share, a sizable 62% gain over the pricing of its initial public offering late Thursday. ...
VMware acquires AI chip virtualization startup Bitfusion
VMware Inc.’s latest startup acquisition is aimed at making its flagship vSphere virtualization platform better at running artificial intelligence applications. The Dell Technologies Inc. subsidiary on Thursday announced plans to buy Bitfusion.io Inc., a four-year-old provider of virtualization software for AI infrastructure. The startup’s technology is based on many of the same concepts as vSphere. ...
TravelPerk bags $60M to take on SAP Concur with its business travel platform
Orchestrating employees’ business trips is a formidable administrative task for companies, which is why there’s an entire ecosystem of software products dedicated to travel and expense management. TravelPerk SL, a new player taking on the segment’s incumbent providers, today announced that it raised $60 million in funding. The investment is an extension to a $44 million Series C round ...
Slack resets 100,000+ users’ passwords after new twist in 2015 breach
Slack Technologies Inc. is resetting passwords for 1% of its user base, or more than 100,000 accounts, after uncovering new information about a 2015 data breach. Slack disclosed in May 2015 that hackers had gained access to its central user database. The system contained names, email addresses and other profile details along with passwords. Those passwords ...
EU hits Qualcomm with fresh $272M fine for predatory chip pricing
The European Union today hit Qualcomm Inc. with a 242 million euro ($272 million) fine after finding that the company had sold chips at unreasonably low prices in a bid to harm the competition. It’s the second antitrust penalty Qualcomm has received from the EU in two years. Last January, regulators ordered the company to cough ...
Icertis raises $115M for its AI-infused enterprise contract platform
Icertis Inc., a startup using artificial intelligence and blockchain technology to simplify contract management for enterprises, today announced that it has raised $115 million in fresh funding. The Series E investment was co-led by Greycroft and India-based PremjiInvest. They were joined by a half-dozen returning backers, including Meritech Capital Partners, which led Icertis’ previous $50 million ...
Microsoft, AT&T sign $2B+ cloud infrastructure and services deal
Microsoft Corp. will provide cloud infrastructure and productivity services to AT&T Inc. as part of a broad, multiyear agreement the companies announced this morning. The deal is worth more than $2 billion, a source familiar with the matter told CNBC. It comes a day after AT&T announced a separate multibillion-dollar contract with IBM Corp. for cloud ...
EU regulators launch probe into Amazon over its use of merchant data
Amazon.com Inc. is the latest U.S. tech giant facing scrutiny from European Union regulators. The European Commission, the EU’s executive branch, today announced the launch of a formal antitrust investigation into the online retail giant. The probe focuses on how Amazon collects and uses data about the third-party merchants that sell on its platform. Third-party merchants are a key ...
FogHorn partners with Porsche to bring facial recognition to connected cars
Autonomous driving dominates the discussion around artificial intelligence in the auto sector, but it’s just one of several applications carmakers are exploring for the technology. FogHorn Systems Inc. and Porsche AG have come up with another use case: enabling vehicles to recognize their owners. FogHorn detailed its collaboration with the sports car maker this morning. ...