Maria Deutscher
Latest from Maria Deutscher
Sema4.ai raises $25M in funding for its AI agent platform
Sema4.ai, a startup with a platform for building and managing artificial intelligence agents, today disclosed that it has raised $25 million in funding. The capital was provided through an extension of a Series A round that the company first announced last January. That original investment was provided by Benchmark and Mayfield Fund. The two venture ...
GlobalFoundries to invest $3B more in US fab network
GlobalFoundries Inc. will invest $3 billion in its domestic network of chip manufacturing and packaging facilities. The investment, which was detailed today, comes in addition to the $13 billion the company has already allocated to upgrading its U.S. fabs. The initiative is supported by $1.5 billion in CHIPS Act funding that GlobalFoundries won early last year. Malta, ...
Meta inks 20-year nuclear power deal with Constellation Energy
Meta Platforms Inc. has signed a 20-year deal to buy nuclear power from Constellation Energy Corp., the largest producer of carbon-free electricity in the U.S. The companies announced the agreement today. Constellation won a similar 20-year contract from Microsoft Corp. last September. Under that deal, the utility will reopen a nuclear power plant in Pennsylvania ...
AI pioneer Yoshua Bengio launches nonprofit LawZero AI lab, with a focus on safe AI
Yoshua Bengio, one of the world’s most prominent computer scientists, is launching a new artificial intelligence lab called LawZero. Bengio told the Financial Times on Monday that the group will seek to develop safety-optimized AI systems. The effort is backed by about $30 million in donations from a who’s who of backers. The list includes ...
Data analytics chip startup Speedata closes $44M funding round
Speedata Ltd, the developer of a chip optimized for data analytics such as Apache Spark, has raised $44 million in funding. The startup announced the Series B investment today. It included the participation of Walden Catalyst Ventures, 83North, Koch Disruptive Technologies, Pitango First and Viola Ventures. The investment firms were joined by Intel Corp. Chief ...
RelationalAI introduces new graph processing features for its Snowflake app
Startup RelationalAI Inc. today introduced new features for its software that will enable companies to analyze their data more efficiently. The capabilities debuted at the annual Snowflake Summit in San Francisco. Snowflake provides a popular cloud data platform that companies use to store, analyze and visualize their data. Customers can optionally extend the platform’s feature ...
Broadcom introduces Tomahawk 6 networking chip for large-scale AI clusters
Broadcom Inc. today debuted a new chip lineup, the Tomahawk 6 series, that’s optimized to power Ethernet switches in data centers. The company says that customers can expect bandwidth of up to 102.4 terabits per second. That’s nearly twice the performance of the second-fastest Ethernet switch on the market. According to Broadcom, the Tomahawk 6’s ...
Neuralink raises $650M at reported $9B pre-money valuation
Neuralink Corp., Elon Musk’s brain-computer interface startup, today announced that it has closed a $650 million funding round to support its research. Semafor cited sources as saying that the Series E raise gives the company a pre-money valuation of $9 billion. That’s more than double what it was worth following its most recent funding round two ...
Google will invest $500M in compliance program to settle shareholder lawsuit
Google LLC plans to spend $500 million over the next decade to revamp its regulatory compliance efforts. The Financial Times reported the initiative today, citing a court document filed on Friday. Google is proposing the compliance overhaul to settle a shareholder lawsuit that was brought against it four years ago. The investors who filed the ...
Financial technology company Chime seeking $11.2B valuation in upcoming IPO
Chime Financial Inc. today disclosed the terms of its upcoming initial public offering. The financial technology company, which has more than eight million users in the U.S., hopes to sell 25.9 million shares for $24 to $26 apiece. Another 6.1 million shares will be put on the market by several of Chime’s investors. The offering ...