Maria Deutscher
Latest from Maria Deutscher
Saudi Arabia launches multibillion-dollar AI venture
Saudi Arabia is launching a company to invest in artificial intelligence models and infrastructure, the Financial Times reported today. The venture is set to be known as Humain. It will be chaired by Crown Prince Mohammed bin Salman and owned by Public Investment Fund, Saudi Arabia’s $940 billion sovereign wealth fund. According to the Financial Times, ...
Weeks after IPO, CoreWeave reportedly seeking $1.5B in debt financing
Following its lukewarm initial public offering in late March, CoreWeave Inc. is reportedly seeking to raise $1.5 billion in debt financing. Bloomberg today cited a source as saying that JPMorgan Chase & Co. is expected to lead the transaction. CoreWeave, which operates a cloud platform optimized for artificial intelligence workloads, reportedly hopes to raise the financing ...
Workforce management startup Rippling raises $450M at $16.8B valuation
Workforce management startup Rippling People Center Inc. has raised $450 million in additional funding, multiple publications reported today. The Series G round didn’t have a lead investor. Y Combinator, Sands Capital, Goldman Sachs Growth, Baillie Gifford and GIC were among the participants. In parallel with the investment, Rippling held a $200 million tender offer that ...
AI startup Zencoder launches coding agent platform
Startup Zencoder, officially For Good AI Inc., today introduced a cloud platform called Zen Agents that can be used to create coding-optimized artificial intelligence agents. The platform is rolling out about seven months after Zencoder launched. The startup is led by Chief Executive Officer Andrew Filev, who previously founded project management software provider Wrike Inc. The ...
Appian shares rise on better-than-expected first quarter
Appian Corp. shares climbed more than 5% in today’s trading session after it reported better-than-expected revenue and earnings for the first quarter. McLean, Virginia-based Appian debuted on the Nasdaq in 2017. The company, which raised $10 million in equity funding before going public, sells automation software that can be used to speed up repetitive business ...
D-Wave delivers surprise adjusted profit after quantum computer sale
Quantum computer maker D-Wave Quantum Inc. today posted first-quarter results that topped the consensus estimate across the board. The Palo Alto, California-based company generated $15 million in revenue during the first three months of the year. Analysts had expected $2.55 million. D-Wave attributed the revenue jump mainly to the sale of a quantum system to ...
OpenAI appoints former Instacart, Meta executive Fidji Simo CEO of Applications
OpenAI has appointed prominent tech executive Fidji Simo as its new chief executive officer of Applications. The artificial intelligence provider announced the move in a late Wednesday blog post. Simo will be responsible for several aspects of OpenAI’s business that were previously overseen by CEO Sam Altman. Citing a source familiar with the matter, Bloomberg ...
Uber shares decline on mixed earnings results
Shares of Uber Technologies Inc. closed 2.5% lower today after it posted mixed financial results for its first quarter. The company generated net income of $1.78 billion in the three months ended March 31, or 83 cents per share on an adjusted basis. Analysts were expecting 50 cents a share. The same time a year earlier, ...
AI data provider Toloka raises $72M in funding
Toloka AI BV, a Dutch provider of datasets for artificial intelligence projects, today announced that it closed a $72 million investment. The round was led by Bezos Expeditions, a fund affiliated with former Amazon.com Inc. Chief Executive Officer Jeff Bezos. Shopify Inc. Chief Technology Officer Mikhail Parakhin participated as well. Toloka is a unit of ...
Microsoft backs $60M round for application security startup OX Security
OX Appsec Security Ltd., a startup that helps developers find the most urgent vulnerabilities in their code, has raised $60 million to enhance its technology. The Series B investment was announced today. Lead investor DTCP was joined by Microsoft Corp., IBM Ventures, Swisscom Ventures, Evolution Equity and Team8. OX Security’s total outside funding now stands ...