Maria Deutscher
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Oracle wins cloud contract expected to generate $30B+ in annual revenue
Oracle Corp. today disclosed that it has won a cloud contract worth more than $30 billion annually. Shares of the company jumped almost 9% on the news at one point. It ended the trading session up 4%. According to a regulatory filing, the cloud contract is one of several that Oracle has won since April ...
Cato Networks raises $359M in funding for its SASE platform
Cato Networks Ltd., a fast-growing networking and cybersecurity startup, today announced that it has closed a $359 million late-stage investment. The Series G funding round was led by Vitruvian Partners and ION Crossover Partners with participation from multiple returning backers. Tel Aviv-based Cato is now valued at $4.8 billion. The cash infusion comes four months ...
Report: Meta seeking to raise $29B for AI data center construction
Meta Platforms Inc. is reportedly seeking $29 billion from an investor consortium to finance the construction of new data centers. Discussions about the deal are in an advanced stage, sources told the Financial Times today. However, it’s believed that some key transaction terms could still change. Notably, Meta may decide to raise more than $29 ...
New Anthropic initiative will fund research into the economic impact of AI
Anthropic PBC is launching an initiative designed to support research into the economic impact of artificial intelligence and ways to address it. The Anthropic Economic Futures Program, as the project is called, was announced today. It’s designed to complement a similar research initiative that the company kicked off in February. The Anthropic Economic Index, as the ...
OpenAI hires staff of Shopify-backed AI startup Crossing Minds
OpenAI has hired the team behind venture-backed artificial intelligence startup Crossing Minds Inc. Crossing Minds confirmed the deal, first reported by TechCrunch today, in an update on its website without disclosing the financial terms. The company previously raised more than $13 million in funding from Shopify Inc., Index Ventures and other backers. Crossing Minds was launched in ...
CoreWeave reportedly seeking to acquire data center operator Core Scientific
CoreWeave Inc. is reportedly seeking to buy Core Scientific Inc., an infrastructure company on which it depends to power its cloud platform. The Wall Street Journal today cited sources as saying that the sale could be finalized within weeks. Shares of Core Scientific jumped more than 30% on the report. CoreWeave, which has seen its market ...
Meta reportedly recruits four former OpenAI researchers to its superintelligence lab
Meta Platforms Inc. has reportedly recruited four former OpenAI researchers to its newly launched superintelligence lab. TechCrunch today cited a source as saying that the hires include Trapit Bansal, who joined the ChatGPT developer in 2022. He reportedly played a key role in launching OpenAI’s reinforcement learning program. Reinforcement learning is an AI training method ...
Creative Commons introduces CC Signals framework for AI data use
Creative Commons has previewed an upcoming framework designed to help creators manage how artificial intelligence models use their content. The framework, which is called CC Signals, debuted on Wednesday. Creative Commons is a nonprofit that helps creators license their works to others. It provides a half-dozen ready-to-use licenses that can be applied to text, images ...
Intel shutters its automotive business amid restructuring push
Intel Corp. plans to wind down its automotive business and lay off most of the unit’s employees. The Oregonian reported the development Tuesday, citing an internal company memo. Intel confirmed the move in a statement issued today to TechCrunch. “As we have said previously, we are refocusing on our core client and data center portfolio ...
OpenRouter nabs $40M in funding for its AI inference API
OpenRouter Inc., a startup working to ease the development of artificial intelligence applications, today announced that it has secured $40 million in funding. The company raised the capital over two rounds. They were led by Andreessen Horowitz and Menlo Ventures with participation from Sequoia Capital, as well as multiple angel investors. AI providers such as ...