Maria Deutscher
Latest from Maria Deutscher
Nvidia backs $500M funding round for Cohere at $6.8B valuation
Confirming recent reports, large language model developer Cohere Inc. today announced that it has raised $500 million in funding. Radical Ventures and Inovia Capital jointly led the Series D investment. They were joined by Nvidia Corp., AMD Ventures, Salesforce Ventures and several other institutional backers. The deal values Cohere at $6.8 billion, up from $5 ...
NeoLogic raises $10M to develop power-efficient server processors
NeoLogic Ltd., a startup that hopes to make processors more efficient by reducing their transistor counts, has raised $10 million in funding. The company announced the Series A round today. It detailed that KOMPAS VC led the investment with participation from M Ventures, Maniv Mobility and lool Ventures. A processor consists of numerous transistor collections ...
OpenAI restores GPT-4o access in ChatGPT after user complaints
OpenAI has brought GPT-4o back to ChatGPT after users complained about the large language model’s removal. OpenAI Chief Executive Officer Sam Altman announced the move in a Tuesday post on X. He also detailed several other changes to ChatGPT, including an increased rate limit on the newest reasoning model included in the service. Last Thursday, ...
Shares of crypto exchange Bullish jump 105%+ in trading debut
Shares of cryptocurrency company Bullish US LLC jumped more than 105% in their trading debut on the New York Stock Exchange today. A few hours earlier, Bullish raised $1.1 billion in an oversubscribed initial public offering. The company had originally planned to sell 20.3 million shares for up to $31 apiece. IPO participants instead bought ...
Circle posts strong quarterly growth, but shares drop on proposed stock sale
Circle Internet Group Inc. today disclosed that its revenue jumped 54% year-over-year in the second quarter to $658 million. The cryptocurrency company’s first earnings report since going public was met positively by investors. Circle ended the trading session with its share price up 1.3%. However, the company dropped more than 5% after-hours on the announcement ...
Elon Musk to sue Apple over ChatGPT’s App Store ranking
Elon Musk has announced plans to sue Apple Inc. over the fact that the iOS version of ChatGPT is the top-ranked app in the App Store. “Apple is behaving in a manner that makes it impossible for any AI company besides OpenAI to reach #1 in the App Store, which is an unequivocal antitrust violation,” ...
Australian court finds Apple and Google breached competition rules with app stores
An Australian court has found that Apple Inc. and Google LLC breached local competition laws with their respective app stores. The ruling was issued today in connection with four different lawsuits. The first two were filed by Epic Games Inc., a major video game developer, while the other two are class-action complaints. It’s believed that ...
Microsoft to integrate GitHub more closely with its CoreAI unit after key executive’s departure
Thomas Dohmke, chief executive of Microsoft Corp.’s GitHub unit, today announced plans to step down. Axios reported that the tech giant doesn’t plan to appoint a new CEO for the business. Instead, it will relegate key leadership responsibilities to members of its recently formed CoreAI – Platform and Tools group. The unit maintains many of ...
Nvidia, AMD to pay US government 15% of revenue from AI chip exports to China
Nvidia Corp. and Advanced Micro Devices Inc. will pay the U.S. government 15% of the revenue they generate from graphics card exports to China. The arrangement was first reported by the Financial Times on Sunday. In a press conference today, U.S. President Donald Trump said that he had originally asked Nvidia to provide 20% of ...
Tahoe Therapeutics raises $30M to develop AI models for medical research
Tahoe Therapeutics Inc., a startup using artificial intelligence to speed up medical research, today announced that it has closed a $30 million investment. Amplify Partners led the funding round. It was joined by Databricks’ venture capital arm and a half dozen other institutional blockers. Tahoe is now valued at $120 million. Oncological research could be ...