Maria Deutscher
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Private equity firms reportedly competing to buy cybersecurity provider Trend Micro
Several private equity firms are competing to buy Japanese cybersecurity provider Trend Micro Inc., Reuters reported today. If it materializes, the deal could mark one of the largest enterprise technology acquisitions in recent memory. Trend Micro had a market capitalization of $8.54 billion on Wednesday and a takeover offer is likely to value it higher. ...
Latent Labs raises $50M to develop new proteins with AI
Latent Labs Inc., an artificial intelligence startup focused on the healthcare sector, launched today with $50 million in initial funding. Radical Ventures and Sofinnova Partners jointly led the investment. They were joined by more than a half-dozen other backers, including Google LLC Chief Scientist Jeff Dean. Cohere Inc. Chief Executive Officer Aidan Gomez, a former ...
CyberArk acquires user access management provider Zilla for $175M
CyberArk Software Ltd. has acquired Zilla Security Inc., a startup that helps enterprises manage employee access to internal applications. The companies announced the deal today. CyberArk, a publicly traded provider of cybersecurity software, will pay $165 million in cash and an additional $10 million if certain performance goals are met. Zilla previously raised about $17 ...
OpenAI to launch GPT-5 in a matter of months, GPT-4.5 within weeks
OpenAI plans to release its next flagship artificial intelligence system, GPT-5, in a matter of months. Chief Executive Officer Sam Altman disclosed the launch timing today in a series of posts on X. He also shared other details about the ChatGPT developer’s product roadmap. GPT-5’s debut will be preceded by the release of a less capable ...
Cybersecurity experts raise concerns over DOGE’s access to federal systems
Multiple cybersecurity experts have sounded the alarm about the ability of the Department of Government Efficiency, or DOGE, to access federal agencies’ systems. A new set of concerns was flagged on Tuesday in a highly publicized Foreign Policy op-ed. The piece was penned by prominent cryptography researcher Bruce Schneier and Davi Ottenheimer, the vice president ...
AI model-optimized chip developer Groq receives $1.5B commitment from Saudi Arabia
Groq Inc. on Monday announced that it has secured a $1.5 billion commitment from Saudi Arabia to expand its delivery of artificial intelligence chips to the country. The deal comes about six months after the company raised $640 million in funding from Samsung Electronics Co. Ltd., Cisco Investments and other backers. The deal valued Groq ...
GlobalFoundries shares rise following mixed earnings results
Shares of GlobalFoundries Inc. closed more than 6% higher today after the chipmaker reported mixed financial results for its fourth quarter. GlobalFoundries makes semiconductors for other companies based on customer-provided designs. It produces processors as well as auxiliary chips such as RF front-end modules, which are used to provide wireless connectivity for mobile devices. GlobalFoundries ...
Harrison.ai raises $112M for its AI medical diagnosis tools
Medical software startup Harrison-AI Pty Ltd. today announced that it has closed a $112 million funding round to enhance its technology. Aware Super, ECP and returning backer Horizons Ventures jointly led the Series C investment. The deal, which also included the participation of several other institutional backers, brings Harrison.ai’s total outside funding to more than ...
Tines nabs $125M for its AI-powered workflow automation platform
Tines Security Service Ltd., a startup with a platform for automating multistep tasks such as configuring cloud instances, has raised $125 million in funding. The company said in its announcement of the Series C round today that Goldman Sachs was the lead investor. It was joined by more than a half-dozen other backers, including SoftBank ...
Consortium led by Elon Musk makes $97.4B offer for OpenAI, which says it’s not for sale
An investor consortium backed by Elon Musk today made an unsolicited $97.4 billion bid to acquire OpenAI. The offer is for the ChatGPT developer’s nonprofit parent organization, the Wall Street Journal reported. The consortium includes Valor Equity Partners, Baron Capital, Atreides Management, Vy Capital, 8VC and a fund affiliated with Ari Emanuel, chief executive of ...