Maria Deutscher
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Report: OpenAI could double valuation to $340B with new $40B funding round
OpenAI is seeking to raise up to $40 billion in new funding at a valuation of $340 billion, the Wall Street Journal reported today. SoftBank Group Corp. is expected to lead the investment. The Japanese tech conglomerate could reportedly commit between $15 billion and $25 billion. According to the Journal, it’s also helping the ChatGPT ...
Mistral, Ai2 release new open-source LLMs
Mistral AI and the Allen Institute for AI today released new large language models that they claim are among the most advanced in their respective categories. Mistral’s model is called Mistral Small 3. The new LLM from the Allen Institute for AI, or Ai2 as it’s commonly referred to, is called Tülu 3 405B. Both ...
Oligo Security raises $50M for its eBPF-powered application security platform
Cybersecurity startup Oligo Security Ltd. today announced that it has closed a $50 million funding round led by Greenfield Partners. Red Dot Capital Partners, Strait Capital and several returning backers chipped in as well. The Series B investment brings Oligo’s total outside funding to $80 million. Tel Aviv-based Oligo provides a platform that helps enterprises ...
Tenable buys rival Vulcan for $150M to enhance its vulnerability remediation platform
Tenable Holdings Inc. today announced plans to acquire Vulcan Cyber Ltd., a startup that helps enterprises fix vulnerabilities in their infrastructure. The deal is worth $150 million. Tenable is financing the transaction with $147 million in cash and $3 million worth of restricted stock units that will vest over time. It’s a significant exit for Vulcan’s ...
OpenAI finds DeepSeek used its data to train R1 reasoning model
OpenAI believes its data was used to train DeepSeek’s R1 large language model, multiple publications reported today. DeepSeek is a Chinese artificial intelligence provider that develops open-source LLMs. R1, the latest addition to the company’s model lineup, debuted last week. The release of the LLM caused a broad selloff in AI stocks that sent Nvidia Corp.’s ...
Fusion power startup Helion raises $425M in funding
Helion Energy Inc., a startup working to develop commercial fusion reactors, today announced that it has closed a $425 million late-stage funding round. The Series F deal included the participation of Lightspeed Venture Partners, SoftBank Vision Fund 2 and an unnamed university endowment. They were joined by several existing backers including Sam Altman, who invested ...
UK regulator identifies competitive issues in public cloud market
The U.K.’s antitrust watchdog has tentatively determined that the public cloud market is not as competitive as it should be. The Competition and Markets Authority, or CMA, published its findings today. The investigation could lead the regulator to assign so-called strategic market status to Amazon Web Services Inc. and Microsoft Corp., the two largest players ...
Trump plans to impose up to 100% tariffs on foreign-made chips
President Donald Trump has stated that he plans to impose tariffs as high as 100% on semiconductors made outside the U.S. Trump previewed the plan Monday afternoon during a GOP event in his Doral, Florida, golf resort. He indicated that the new tariffs could also apply to certain other products including pharmaceuticals. Many U.S. chipmakers ...
Nue reels in $20M for its revenue management platform
Nue IO Inc., a startup that helps software-as-a-service providers bill their customers, has raised $20 million in funding to support its growth efforts. The company detailed in its announcement of the round today that Inovia Capital was the lead investor. Information Venture Partners, Bluefish Capital, NextWorld Capital, NJP Ventures and Operator Stack Fund participated as ...
Reid Hoffman-backed AI drug discovery startup Manas AI launches with $24.6M
Manas AI Inc., a startup using artificial intelligence to discover new medicines, launched today with $24.6 million in initial funding. The investment was led by General Catalyst and Manas AI co-founder Reid Hoffman. Greylock Partners, where Hoffman was a general partner until 2023, participated as well. The billionaire LinkedIn co-founder launched Manas AI with Siddhartha ...