Maria Deutscher
Latest from Maria Deutscher
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 ...
Meta upgrades its AI chatbot with more personalization features
Meta Platforms Inc. is rolling out a new version of its Meta AI chatbot that can customize its responses based on information provided by the user. The company announced the update in a blog post published this morning. Meta AI is an artificial intelligence assistant that rolled out for Facebook, Messenger and Instagram in 2023. ...
Applied Labs raises $4.2M for its AI-powered business automation platform
Artificial intelligence startup Applied Labs Inc. today announced that it has closed a $4.2 million seed round to support its growth efforts. Early-stage venture fund Abstract led the investment with participation from Point72 Ventures, Outlander and Tetra. Several angel investors participated as well. Applied Labs’ total outside funding now stands at $5.2 million. New York-based ...
Sam Altman reportedly backs $1B round for AI healthcare startup Retro Biosciences
Retro Biosciences Inc., a startup using artificial intelligence to discover new drugs, is reportedly raising $1 billion in funding to support its research. The Financial Times today cited sources as saying that OpenAI Chief Executive Sam Altman is participating in the investment. He previously provided the initial $180 million funding round that helped launch Retro. ...
New details emerge about Project Stargate as Meta discloses $60B+ AI investment
New details have emerged about Project Stargate, the $500 billion initiative through which OpenAI hopes to build a cluster of artificial intelligence data centers. The Financial Times reported on Thursday that the project currently lacks a fully developed plan. The initiative’s funding has not been finalized either, sources told the publication. OpenAI, SoftBank Group Corp. ...
OpenAI releases Operator agent as rivals enhance their AI services
OpenAI today introduced Operator, an artificial intelligence agent that can automatically perform tasks on users’ behalf. Two of the company’s highest-profile rivals announced their own product updates in conjunction. Perplexity AI Inc., a startup with a popular AI search engine, introduced an agent similar to Operator for its Android app. Anthropic PBC, which already offers ...
CMA opens investigations into Apple and Google over mobile practices
The U.K.’s antitrust regulator today opened investigations into Apple Inc. and Google LLC over their business practices in the mobile market. The Competition and Markets Authority, or CMA, is picking up where it left off last August. That month, the regulator closed a pair of probes into Apple and Google it had launched in 2021 ...