Maria Deutscher
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Uber shares drop 8% on mixed fourth-quarter results
Shares of Uber Technologies Inc. dropped 8% in trading today after the company reported better-than-anticipated revenue for the fourth quarter but missed earnings expectations. Uber’s adjusted EBITDA, or earnings before interest, taxes, depreciation and amortization, grew 44% year-over-year to $1.84 billion. That sum was in line with analyst expectations. In contrast, Uber’s adjusted earnings per ...
Atombeam raises $20M for its codeword-based data transmission technology
Atombeam Inc., a startup developing a more efficient way of transmitting data, today announced that it has raised $20 million in funding. The investment was structured as a so-called Reg A+ round. This is a type of funding round in which capital is provided by members of the public rather than institutional investors. Atombeam says ...
PayPal shares drop 13% despite better-than-expected earnings
PayPal Holdings Inc. today posted better-than-expected fourth-quarter earnings, but reported payment volume growth that fell short of expectations, and its shares dropped 13% on the results. PayPal operates one of the world’s most popular online payment platforms. It’s also active in several adjacent segments of the financial technology market. The company offers the mobile payment app Venmo ...
Salesforce reportedly letting go 1,000+ workers in new round of layoffs
Salesforce Inc. is launching a workforce reduction initiative that will affect more than 1,000 employees, Bloomberg reported today. It’s unclear which business units are set to see cuts. A source told Bloomberg that Salesforce will enable affected employees to apply for other positions internally. The company’s last major round of layoffs took pace last January, ...
Dynatrace debuts new AI, security features for its observability platform
Dynatrace Inc. is rolling out new features that will make it easier for enterprises to troubleshoot their software and fix cybersecurity issues. The company debuted the enhancements today at its annual Perform product event in Las Vegas. The additions are rolling out to Dynatrace’s namesake observability platform, which helps enterprises detect performance issues, outages and ...
Productivity startup Tana launches with $25M in funding
Productivity software maker Tana Labs Inc. launched today with $25 million in initial funding. The company, which maintains offices in Palo Alto, California, and Norway, raised the capital over two rounds. The most recent investment was a $14 million Series A deal that reportedly valued Tana at $100 million. The company earlier raised $11 million ...
Employee cybersecurity startup Riot nabs $30M in funding
Riot Security Inc., a startup that helps enterprises improve the cybersecurity posture of their employees, has raised $30 million in funding to support its growth efforts. The Paris-based company said in its announcement of the deal today that Left Lane Capital was the lead investor. Returning backers Y Combinator, Base10 and FundersClub chipped in as ...
Microsoft forms Advanced Planning Unit to support its AI efforts
Microsoft Corp. is forming a new business unit to study the impact of artificial intelligence and create product development recommendations. Mustafa Suleyman, chief executive of the company’s Microsoft AI group, announced the new team today in a series of posts on X. It will be known as the Advanced Planning Unit, or APU for short. ...
OpenAI makes its o3-mini reasoning model generally available
OpenAI today made its o3-mini large language model generally available for ChatGPT users and developers. Word of the launch leaked a few hours earlier. According to Wired, OpenAI brought o3-mini’s release date forward in response to R1, the reasoning-optimized LLM that DeepSeek debuted last Monday. The latter algorithm set off a broad selloff in artificial ...
Justice Department sues to block HPE’s $14B Juniper acquisition
The U.S. Justice Department has filed suit to block Hewlett Packard Enterprise Co.’s proposed acquisition of Juniper Networks Inc. for $14 billion. Officials submitted the complaint today to the U.S. District Court for the Northern District of California. HPE announced plans to acquire Juniper last January. The latter company, one of the world’s top network equipment ...