Maria Deutscher
Latest from Maria Deutscher
Artificial intelligence infrastructure startup Majestic Labs Inc. launched today with $100 million in initial funding. The company raised the bulk of the capital, $71 million, through a Series A round led by Bow Wave Capital. Lux Capital led Majestic Labs’ earlier seed …
OpenAI calls for CHIPS Act tax credit to be extended to AI data centers
OpenAI Group PBC has asked the White House to make a tax credit for chip fabs available to artificial intelligence data center builders. Bloomberg reported the request today. OpenAI asked for the tax credit and several other AI industry incentives in a …
Meta announces plans to spend $600B in the US over three years
Meta Platforms Inc. today pledged to invest $600 billion in the U.S. as part of its artificial intelligence push. The company plans to spend the capital over three years. It will invest in new AI data centers, supporting infrastructure such as power transmission …
Congressional Budget Office breached by suspected foreign hackers
The Congressional Budget Office has been breached by hackers that are believed to be affiliated with a foreign actor. The CBO disclosed the incident on Thursday. According to the Washington Post, CBO officials first discovered the breach a few days earlier. The …
Appian surges 30% on forecast-topping earnings results
Automation software provider Appian Inc. today posted third-quarter financial results that topped the consensus estimate across the board. The company’s shares surged more than 30% on the strong earnings. Appian provides a platform that can visualize how an organization’s employees perform routine …
Datadog shares jump 23% on strong earnings results
Shares of Datadog Inc. closed 23% higher today after it posted quarterly results that handily topped expectations. The company, which sells observability and cybersecurity tools, generated an adjusted operating income of $207 million in the three months ended Sept. 30. That amounted …
Microsoft provides update on its AI efforts following OpenAI partnership change
A few days after revising its research collaboration with OpenAI, Microsoft Corp. has shared an update about its artificial intelligence development efforts. Mustafa Suleyman, chief executive of the company’s Microsoft AI group, detailed the engineering push in a blog post published today. …
Fortinet, SentinelOne and CrowdStrike debut new AI security features
Three of the world’s largest cybersecurity companies today announced product updates designed to help enterprises protect their artificial intelligence workloads. Fortinet Inc. debuted a firewall appliance optimized for AI workloads. SentinelOne Inc. and CrowdStrike Holdings Inc., in turn, introduced new AI features …
DualBird raises $25M for its custom-chip-powered data processing platform
DualBird Inc., a startup using customizable field-programmable gate arrays to speed up data processing workloads, today announced that it has raised $25 million in funding. Lightspeed Venture Partners led the investment. It was joined by Bessemer Venture Partners, Angular Ventures and Uncork …
Alphabet’s CapitalG backs $435M round for connected device security startup Armis
Armis Inc., a startup that helps companies secure connected devices such as printers and cell towers, has raised $435 million from investors at a $6.1 billion valuation. Goldman Sachs’ growth equity arm led the investment. Armis said in its announcement of the …