Maria Deutscher
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Lyft to launch autonomous taxi service in Atlanta and Dallas
Lyft Inc. today announced plans to make autonomous taxis available to users of its ride-hailing app in Atlanta. According to NBC News, the vehicles will start taking passengers in the summer. Lyft plans to follow up the launch by extending its autonomous ride-hailing service to Dallas next year. In the longer term, the company will ...
Coinbase could reportedly acquire crypto derivatives market Deribit for $5B
Coinbase Global Inc. is in talks to buy cryptocurrency derivatives startup Deribit, Bloomberg reported today. It’s believed the deal could mark one of the crypto industry’s largest-ever acquisitions if it goes through. Rumors that Deribit may be sold first emerged in January. At the time, sources told Bloomberg that the company could be valued at ...
FCC opens probe into nine Chinese tech firms over US presence
The U.S. Federal Communications Commission today opened a probe into more than a half-dozen Chinese electronics suppliers and internet providers. The companies in question were previously ordered either to scale back or to shut down their U.S. operations. According to the FCC, the newly launched probe will seek to determine whether the firms may be trying ...
Carbon Arc reels in $56M for its AI data platform
Carbon Arc Inc., a startup that provides data for artificial intelligence models, has raised $56 million in funding to finance growth initiatives. The company announced the investment today. Liberty City Ventures led the round with participation from K5 Global, Raptor Group and Wasserman Media Group. Sourcing data for AI projects involves multiple challenges. Developers must ...
Cloud infrastructure startup Evroc raises €50.6M to build new data centers
Evroc AB, a Swedish cloud infrastructure startup, today announced that it has raised €50.6 million to grow its data center network. The Series B round was led by blisce/, a venture capital firm with offices in the U.S. and Paris. Giant Ventures, EQT Ventures and Norrsken VC participated as well. Evroc launched in 2023 to ...
AI cloud operator CoreWeave files for $2.7B IPO
CoreWeave Inc., the operator of a cloud platform optimized for artificial intelligence workloads, today filed to go public. The company plans to sell 49 million shares for between $47 and $55 apiece. On the high end of the range, the initial public offering would value CoreWeave at $26 billion. Bloomberg reported today that the cloud ...
Dataminr raises $85M in funding for its AI platform
Dataminr Inc., a startup that helps organizations quickly detect risks such as cyberattacks, has raised $85 million in debt funding to enhance its technology. The company announced the deal today. Some of the debt financing, which came from NightDragon and HSBC, was provided as a convertible loan. This is a type of loan that the ...
Nvidia, xAI join $30B AI investment consortium backed by Microsoft
Nvidia Corp. and xAI Corp. have joined a consortium that plans to invest $30 billion in artificial intelligence infrastructure. The companies announced their decision to participate today. In conjunction, the consortium has renamed itself from Global AI Infrastructure Investment Partnership to AI Infrastructure Partnership, or AIP for short. AIP was launched last September by Microsoft ...
EU finds Apple, Google breached DMA antitrust rules
The European Union has determined that Apple Inc. and Google LLC are in breach of the bloc’s DMA antitrust regulation. The European Commission, the EU’s executive arm, published its decision today. Officials have ordered Apple to change a number of iOS features that were found to run afoul of the DMA. The EU’s antitrust findings ...
Virtual desktop startup Nerdio raises $500M at $1B+ valuation
Nerdio Inc., a startup that helps companies manage virtual desktop environments deployed on Microsoft Azure, has raised $500 million in fresh funding. The software maker announced the Series C investment today. General Atlantic led the round with participation from Lead Edge Capital and StepStone. Nerdio is now valued at more than $1 billion, about four ...