Maria Deutscher
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Tech stocks give up some of Wednesday’s gains following tariff pause
Numerous tech firms saw their shares tumble during today’s trading session amid a broader sell-off in stocks and cryptocurrency. The declines chipped away at the gains that public markets logged yesterday. According to a CNBC tally, Wednesday saw the heaviest trading volume on record: an estimated 30 billion shares changed hands before the closing bell. ...
Insurance technology startup Ominimo raises €10M in funding
Ominimo Insurance, a startup that uses artificial intelligence to provide auto insurance plans, has raised €10 million in funding from Zurich Insurance Group Ltd. TechCrunch reported the investment today. The publication cited sources as saying that Zurich Insurance, Switzerland’s largest insurance provider, took a 5% stake in Ominimo as part of the deal. The cash ...
Tessell reels in $60M for its database-as-a-service platform
Cloud database startup Tessell Inc. today announced that it has closed a $60 million funding round to support business growth. WestBridge Capital led the Series B round with participation from Lightspeed Venture Partners, B37.vc and Rocketship.vc. The investment brings Tessell’s total outside funding to $94 million. The major cloud providers offer features that make it ...
Samsung integrates Google’s Gemini into its Ballie home robot
Samsung Electronics Co. Ltd today announced plans to integrate Google LLC’s Gemini language model series into its upcoming Ballie home robot. The integration expands an existing artificial intelligence partnership between the companies. Earlier this month, Samsung rolled out a new Gemini integration to its flagship Galaxy S24 smartphone series. The feature allows users to point ...
Tech stocks surge after Trump temporarily lowers tariffs to 10% for all countries except China
Shares of Apple Inc., Nvidia Corp. and Microsoft Corp. jumped more than 8% today after President Donald Trump announced plans to lower tariffs temporarily on all countries except China. The three companies’ trading performance mirrored a broader rally in U.S. stocks. The tech-heavy Nasdaq Composite jumped about 11%, while the Dow Jones Industrial Average added ...
Deep Cogito releases open-source language models that outperform Llama
Startup Deep Cogito Inc. launched today with a series of language models that it claims can outperform comparably sized open-source alternatives. According to TechCrunch, the company was founded last June by former Google LLC staffers Drishan Arora and Dhruv Malhotra. Arora worked as a senior software engineer at the search giant. Malhotra, in turn, was ...
Networking startup Tailscale raises $160M at $1.5B valuation
Tailscale Inc., a startup that helps enterprises establish secure network connections between their systems, has raised $160 million in funding. The Canadian software maker disclosed the investment today. Accel led the Series A raise with participation from CRV, Insight Partners and other institutional backers. The chief executives of CrowdStrike Holdings Inc. and Squarespace Inc. participated ...
Amazon debuts new Amazon Nova Sonic voice model
Amazon.com Inc. today debuted a new foundation model, Amazon Nova Sonic, that is optimized for voice interactions such as customer support calls. The company says it’s using components of the model to power Alexa+. Introduced in February, the latest iteration of Amazon’s voice assistant can automatically perform actions such as ordering takeout and booking flights. ...
Camunda adds AI agents to its process orchestration platform
Camunda Services GmbH today introduced new artificial intelligence features designed to help companies automate repetitive business tasks. The capabilities are rolling for the German startup’s namesake process orchestration platform. The software is designed to automate manual, multistep chores that workers carry out in business applications. Retailers can use Camunda to answer common customer questions, while ...
Riverbed rolls out new AI-powered observability features
Riverbed Technology LLC is updating its observability platform with new artificial intelligence tools that will help companies fix technical issues quicker. The company detailed the enhancements today. Redwood City, California-based Riverbed went public in 2006 and was acquired by an investor consortium for $3.6 billion eight years later. Today, its observability platform is used by ...