Maria Deutscher
Latest from Maria Deutscher
Amid automation efforts, Amazon pledges $700M to retrain 100,000 workers
Amazon.com Inc. today committed $700 million to help 100,000 employees, or about a third of its U.S. workforce, move into high-growth fields such as data science and software development. The Upskilling 2025 initiative is launching seven months after the company introduced a $15 minimum wage for its 350,000-plus stateside staffers. That move primarily benefited workers in Amazon’s ...
Cybersecurity giant McAfee reportedly planning $1B+ IPO as soon as this year
McAfee LLC is preparing an initial public offering that could happen as soon as this year and raise more than $1 billion, the Wall Street Journal reported today. The publication’s sources said that the cybersecurity powerhouse is already holding talks with banks about its IPO plans. The listing could reportedly value McAfee at more than ...
Gartner: Enterprise software sales going strong in 2019, but other IT markets shrink
Gartner Inc. predicts that worldwide information technology spending will rise just 0.6% this year, to $3.74 trillion, which would represent the slowest growth the sector has seen in three years. The research firm published its projection today along with breakdowns for individual market segments — with enterprise software leading the way on growth. Gartner’s report ...
Intel debuts new interconnects for tomorrow’s modular, 3-D chips
Intel Corp. envisions a future in which processors are built from compact, specialized modules each optimized for a different range of computing tasks. The chipmaker hopes to make that happen using three new technologies it unveiled Tuesday night at a San Francisco event. The announcement was headlined by something Intel calls Omni-Directional Interconnect, or ODI, which will enable ...
Cisco shells out $2.6B for optical networking chipmaker Acacia Communications
Cisco Systems Inc. today announced plans to buy networking chipmaker Acacia Communications Inc. in a deal worth about $2.6 billion. Cisco will pay $70 per Acacia share, a sizable 46% premium to the Monday closing price. The company expects to complete the acquisition in the next six months pending regulatory approvals. Maynard, Massachusetts-based Acacia is a ...
Google acquires storage startup Elastifile for a reported $200M
Fresh off its $2.6 billion purchase of Looker Data Sciences Inc., Google LLC is making another acquisition to bolster its cloud platform. The search giant today announced that it has entered a definitive agreement to buy Elastifile Ltd., a data storage startup based in Israel and in Santa Clara, California. Google Cloud Chief Executive Thomas Kurian said ...
Application monitoring provider Dynatrace files for NYSE public offering
Application monitoring heavyweight Dynatrace LLC is headed to the stock market. The company on Friday filed for an initial public offering on the New York Stock Exchange, where it will trade under the ticker symbol “DT.” Dynatrace hopes to raise up to $300 million in the IPO. The decision to disclose the funding target so early is ...
Soldo raises $61M to centralize expense management for companies
Soldo Financial Services Ltd., a British startup working to streamline companies’ expense management workflows, today announced that it has raised a $61 million funding round led by Battery Ventures and Dawn Capital. The investment marks the third time Soldo has raised outside capital. Accel and Connect Ventures, which led the startup’s previous $11 million raise in ...
IBM’s new Hypertaste system is an AI-assisted, reprogrammable chemical sensor
Researchers at IBM Corp.’s Zurich lab today unveiled their latest project: a chemical detection system called Hypertaste that uses artificial intelligence to classify liquids. Distinguishing different beverages and food items is usually a trivial task for humans, but the same can’t be said for the machines that experts use when the taste test doesn’t cut ...
UK watchdog freezes Amazon’s investment in food delivery unicorn Deliveroo
Amazon.com Inc.’s recent moves in the food delivery market have drawn scrutiny from U.K. regulators. The Competition and Markets Authority, Britain’s antitrust watchdog, today announced that it has frozen the retail giant’s May investment into London food delivery startup Deliveroo. Amazon led a $575 million Series G funding round for the startup, which is incorporated ...