Maria Deutscher
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Data mining specialist Palantir reportedly weighing IPO at valuation up to $41B
Palantir Technologies Inc., a provider of data mining software with government ties, is said to be mulling an initial public offering that could value it at up to $41 billion. The Wall Street Journal reported on the company’s IPO plans today, citing anonymous sources. The tipsters told the publication that Palantir has been discussing the ...
Alphabet’s DeepMind open-sources key building blocks from its AI projects
DeepMind Technologies Ltd, Alphabet Inc.’s artificial intelligence research group, is sharing more of its work with the world. The division today open-sourced a collection of “key algorithmic components” derived from what it described as some of its most successful AI initiatives. The library, named TRFL and pronounced “truffle,” aims to aid researchers working on projects that ...
Oracle to acquire goBalto, a cloud startup that helps speed up clinical trials
The industry’s three major cloud providers are all actively targeting the healthcare sector, where adoption of technologies such as machine learning is fueling demand for computing resources. Now, Oracle Corp. is doubling down on the market too. The company today announced plans to acquire a startup called goBalto Inc. that offers a cloud platform for managing clinical trials. The ...
Amid privacy concerns, lawsuit accuses Facebook of covering up skewed ad data
An advertiser is alleging that Facebook Inc. hid an error in video viewership data shared with brands for more than a year and then vastly understated the issue. The complaint, spotted today by Bloomberg, comes as part a suit that was filed after the social network disclosed the error in September 2016. The plaintiff, Nevada-based marketing agency ...
Now adding 700K users a month, Lucidchart raises $72M to keep up the growth
Lucid Software Inc., better known as Lucidchart, is a force to be reckoned with in the collaboration market. The South Jordan, Utah-based startup’s diagramming service has more than 15 million users and counts 96 percent of the Fortune 500 as customers. Lucidchart today announced that it has raised $72 million to maintain the growth of this ...
Report: Facebook is developing a camera-equipped media streaming device
Facebook Inc. is said to be working on a media streaming device that will offer access to various entertainment services and feature a camera for video calling. Online news network Cheddar detailed the project in a report published today, a week after the social network entered the smart home market with the introduction of the Portal (pictured). ...
Instacart wheels in $600M to grow its grocery delivery service, now valued at $7.6B
Instacart Inc., one of the heavily funded startups competing in the on-demand grocery delivery market, has added an additional $600 million to its coffers. Instacart announced the funding round this morning, naming high-profile hedge D1 Capital Partners LP as the lead investor. The financing values the startup at $7.6 billion, a more than 70 percent jump over the ...
LogMeIn joins AI fray with Prompt.ai, a chatbot that automates technical support
The rise of artificial intelligence in the enterprise has brought with it new solution categories, including services such as Agent IQ that use natural-language processing to automate companies’ help desk operations. Most of these offerings focus on fielding inquiries from customers. LogMeIn Inc., in contrast, is harnessing AI to help companies provide better support for their ...
MIT to launch new $1B college focused on advancing AI
The Massachusetts Institute of Technology wants to educate students for a future where artificial intelligence will have a role in every scientific discipline. To this end, the university today announced plans to establish a $1 billion college that will work to advance both the development of AI and its adoption across fields outside computing science. ...
With new Creative Cloud products, Adobe embraces AR, voice apps and YouTube
Adobe Systems Inc. is expanding its flagship Creative Cloud, the suite of design applications headlined by Photoshop, to address more of the platforms through which users are consuming digital content. The push centers on a set of new products and features that the company debuted at its Adobe Max event today in Los Angeles. Many of ...