Maria Deutscher
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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 ...
DigitalOcean shares drop despite strong first quarter
DigitalOcean Holdings Inc. today posted first-quarter results that topped the consensus estimate, but its shares nevertheless ended the trading session down more than 13%. The selloff may have been related to the company’s guidance. At the midpoint, DigitalOcean’s sales and profit projections for the next quarter fell short of analyst expectations. NYSE-listed DigitalOcean operates a ...
ServiceNow debuts customer relationship management platform, new AI tools
ServiceNow Inc. today introduced a new customer relationship management platform and two tools that will make it easier for customers to use artificial intelligence agents. The software maker detailed the offerings at its annual Knowledge 2025 conference. A customer relationship management, or CRM, platform is an application that enables companies to store information about customers ...
Statsig secures $100M in funding for its product testing platform
Statsig Inc., a startup that helps developers measure how well new features are received by users, has raised $100 million in funding. The Series C investment was announced today. ICONIQ Growth led the deal with participation from Sequoia and Madrona. According to Fortune, Statsig raised the capital after rejecting an acquisition offer from Datadog Inc., ...
Databricks reportedly could acquire serverless database startup Neon for $1B+
Databricks Inc. is reportedly seeking to buy Neon Inc., a startup that sells a commercial version of the open-source PostgreSQL database. Tech publication Upstarts Media today cited sources as saying that the acquisition talks are at an advanced stage. Some insiders reportedly describe the deal “as if it’s done,” while others cautioned that it may ...
OpenAI abandons plan to spin off for-profit arm
OpenAI has scrapped a restructuring initiative that would have separated its for-profit and nonprofit arms. Chief Executive Officer Sam Altman announced the move today in a memo to employees. OpenAI launched in 2015 as a nonprofit artificial intelligence research lab. Four years later, it created a for-profit arm to lead its AI development and commercialization ...