Maria Deutscher
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Anthropic raises $2.5B in debt to finance growth investments
Large language model developer Anthropic PBC has secured $2.5 billion in debt financing, CNBC reported today. The loan is structured as a revolving credit facility. Standard debt financing deals require the borrower to pay back the funds in a fixed number of installments. A revolving credit facility, in contrast, has no such requirement. Additionally, the ...
AWS open-sources Strands Agents SDK to ease AI agent development
Amazon Web Services Inc. today released Strands Agents SDK, an open-source toolkit for developing artificial intelligence agents. The project’s code is available on GitHub. AWS originally created Strands Agents SDK to support the work of its internal development teams. There were already tools on the market for building AI agents, but the cloud giant found ...
OpenAI updates ChatGPT with coding-optimized Codex AI agent
OpenAI today debuted a new artificial intelligence agent, Codex, that can help developers write code and fix bugs. The tool is available through a sidebar in ChatGPT’s interface. One button in the sidebar configures Codex to generate new code based on user instructions, while another allows it to answer questions about existing code. Prompt responses ...
Cognichip raises $33M to speed up chip development with AI
Cognichip Inc., a startup working to make chip design teams more productive, launched today with $33 million in initial funding. Lux Capital and Mayfield jointly led the seed round. They were joined by FPV and Candou Ventures. Cognichip is led by co-founder and Chief Executive Faraj Aalaei. He was previously the CEO of Aquantia Corp., ...
AI-powered drug development startup Pathos AI closes $365M investment
Pathos AI Inc., a startup using artificial intelligence to develop new oncology drugs, today announced that it has raised $365 million in a late-stage funding. The company didn’t disclose the investors in the Series D round. According to FierceBiotech, the raise included the participation of both new and existing Pathos backers. The company, which is ...
Trump takes issue with Apple’s manufacturing investments in India
U.S. President Donald Trump told Apple Inc. Chief Executive Officer Tim Cook that he disapproves of the company’s supply chain buildout in India. “I said to Tim, I said, ‘Tim look, we treated you really good, we put up with all the plants that you build in China for years, now you got build us,’” ...
Google DeepMind develops AlphaEvolve AI agent optimized for coding and math
Alphabet Inc.’s Google DeepMind unit today detailed AlphaEvolve, an artificial intelligence agent that can tackle complex programming and math challenges. The company says that it has used AlphaEvolve to make its data centers more efficient. Additionally, the AI agent is showing promise as a tool for mathematical research and chip development. AlphaEvolve carries out processing ...
Patronus AI debuts new Percival tool for fixing AI agent malfunctions
Startup Patronus AI Inc. today debuted a tool called Percival that promises to help developers more quickly fix issues in artificial intelligence agents. Patronus AI is backed by $20 million in funding from Datadog Inc., Lightspeed and other backers. Its flagship product is a platform that helps developers find the most suitable language model for ...
Databricks buys serverless database startup Neon for reported $1B
Confirming recent reports, Databricks Inc. today announced that it’s acquiring Neon Inc. to enhance its cloud data platform, in a deal the Wall Street Journal reported is worth about $1 billion. San Francisco-based Databricks received a $62 billion valuation after its most recent funding round last year. The company’s namesake platform enables organizations to store data, ...
Microsoft to lay off 6,000 workers, 3% of staff, in new restructuring initiative
Two years after its last major round of layoffs, Microsoft Corp. today disclosed plans to let go about 6,000 employees. The affected staffers represent 3% of the company’s workforce. CNBC reported that the cuts will affect staffers across “all levels, teams and geographies.” CBS News learned that the restructuring initiative will place an emphasis on reducing ...