Maria Deutscher
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GlobalFoundries shares jump on strong mobile business growth
Shares of GlobalFoundries Inc. jumped more than 14% today after the company disclosed that its mobile chip business grew much faster than expected in the third quarter. The unit’s strong performance partly offset declines across the company’s other revenue segments. GlobalFoundries, a former Advanced Micro Devices Inc. subsidiary, manufactures chips for other companies based on ...
DigitalOcean shares drop 13% despite expectation-topping earnings, raised guidance
DigitalOcean Holdings Inc. today posted better-than-expected financial results for the third quarter and raised its full-year sales guidance. The solid earnings weren’t enough to impress investors, who sent the cloud provider’s shares tumbling more than 13%. It’s unclear what caused the selloff, though its fourth-quarter outlook fell a bit short of some estimates. Wall Street ...
Amazon, Meta nuclear power initiatives reportedly encounter challenges
Two Amazon.com Inc. and Meta Platforms Inc. initiatives to build data centers powered by nuclear energy are off to a bumpy start. Axios reported today that Amazon’s project recently failed to secure a key regulatory approval. Meta’s planned data center campus, in turn, is said to have raised environmental concerns. Earlier this year, Amazon inked ...
View Systems launches AI-optimized data management platform
View Systems Inc. today announced the general availability of its flagship offering, a data management platform called View AI that is optimized to power artificial intelligence workloads. The venture-backed startup also disclosed that it has joined the AI Platform Alliance. This is an industry group that was formed last year by Ampere Computing Inc., a ...
Insider raises $500M in funding for its personalized marketing platform
Insider, an Istanbul-based startup that helps brands customize their marketing campaigns based on buyer preferences, has raised $500 million in a late-stage funding. The Series E round was announced today. Insider said that growth equity firm General Atlantic led the raise. The investment comes about 18 months after the software maker secured $105 million at ...
Intel reveals plans to manufacture most of its next-gen PC chip lineup internally
Intel Corp. will manufacture most of the components in its next-generation personal computer chips internally, Chief Executive Officer Pat Gelsinger has revealed. Gelsinger detailed the plan during the company’s third quarter earnings call on Thursday. Intel posted revenue and adjusted earnings per share that topped analyst expectations, which gave its stock nearly an 8% boost ...
Report: Chinese researchers used Llama 13B to build chatbot optimized for military use
Researchers in China have reportedly used Meta Platforms Inc.’s Llama 13B artificial intelligence model to develop a chatbot optimized for military use. Reuters detailed the project today, citing academic papers and analysts. Llama is a family of open-source large language models that Meta released in February 2022. Developers can use the algorithms at no charge ...
Patronus AI debuts API for equipping AI workloads with reliability guardrails
Patronus AI Inc. today introduced a new tool designed to help developers ensure that their artificial intelligence applications generate accurate output. The Patronus API, as the offering is called, is rolling out a few months after the startup closed a $17 million Series A funding round. The investment included the participation of Datadog Inc.’s venture ...
OpenAI adds large language model-powered search engine to ChatGPT
OpenAI today introduced an internally developed search engine for its ChatGPT chatbot service. The move is not unexpected. In late July, OpenAI debuted a standalone search engine called SearchGPT that it described as a “temporary prototype.” The company stated that its goal with the project was to collect feedback from users before incorporating the service’s ...
Spot AI reels in $31M for its AI-powered video processing platform
Startup Spot AI Inc. has raised $31 million in fresh funding to help companies analyze footage from security cameras at their facilities. The investment, which was announced today, included contributions from more than a half-dozen investors. Qualcomm Ventures was among the participants. The cash infusion brings the company’s total outside funding to $93 million. Spot ...