Maria Deutscher
Latest from Maria Deutscher
OpenAI, Nvidia, Google and others launch AI cybersecurity consortium
More than a dozen tech firms have teamed up to launch an industry group dedicated to making artificial intelligence applications more secure. The Coalition for Secure AI, or CoSAI, was announced today at the Aspen Security Forum. It will operate under the wing of OASIS, a nonprofit that oversees the development of several dozen open-source ...
TSMC tops quarterly expectations with 40% revenue growth
Strong demand for artificial intelligence chips helped Taiwan Semiconductor Manufacturing Co. grow its revenue by 40% year-over-year in the second quarter. The company today reported sales of 673.51 billion New Taiwan dollars, or $20.82 billion, for the three months ended June 30. That’s up from NT$480.84 billion a year earlier. TSMC exceeded the consensus revenue ...
OpenAI, Mistral AI debut new cost-efficient language models
OpenAI and Mistral AI today introduced new language models for powering applications that must balance output quality with cost-efficiency. OpenAI’s new model, GPT-4o mini, is a scaled-down version of its flagship GPT-4o large language model. Mistral AI, in turn, debuted an algorithm dubbed Mistral NeMo 12B that was developed in collaboration with Nvidia Corp. engineers. ...
Retirement startup Human Interest valued at $1.33B in new $267M financing round
Human Interest Inc., a startup that helps employees at small and medium-sized businesses save for retirement, has raised $267 million in fresh financing. The company announced the investment today. It detailed that the deal included debt financing as well as an equity funding round led by Baillie Gifford and Marshall Wace, one of the world’s ...
AI pioneer Fei-Fei Li reportedly raises $100M for new spatial intelligence startup
World Labs, a new startup founded by prominent artificial intelligence researcher Fei-Fei Li, has reportedly raised about $100 million in funding. The Financial Times reported the investment today. According to the paper’s sources, World Labs raised the capital over two funding rounds, the most recent of which valued the company at more than $1 billion. ...
Report: GitHub rival GitLab could be acquired by Datadog
GitLab Inc., a developer tooling provider that competes with Microsoft Corp.’s GitHub unit, is reportedly exploring a sale. Reuters today cited sources as saying that the publicly traded company has hired investment bankers to manage the process. GitLab reportedly started looking into a sale after receiving takeover interest from several companies. Datadog Inc., a major ...
Druva debuts new cybersecurity capabilities for its data protection platform
Druva Inc. today introduced an updated version of its data protection platform aimed at making it easier for customers to fend off cyberattacks. The first addition, a capability called Threat Hunting, is designed to help administrators investigate breach attempts. Druva is also expanding the availability of a managed breach response service that is included at ...
Vectara raises $25M, debuts new RAG-optimized Mockingbird model
Vectara Inc., a startup that helps enterprises implement retrieval-augmented generation in their applications, has closed a $25 million early-stage funding round to support its growth efforts. The company announced the investment today. It said that FPV Ventures and Race Capital jointly led the round, a Series A raise, with participation from a half-dozen other backers ...
UK antitrust watchdog launches probe into Microsoft’s Inflection AI partnership
The U.K.’s antitrust watchdog has launched a review of a partnership that Microsoft Corp. inked with Inflection AI Inc,. a heavily funded OpenAI rival, earlier this year. The Competition and Markets Authority, or CMA, announced the move today. The development comes about three months after CMA officials began looking into Microsoft’s deal with Inflection AI. ...
IBM’s $6.4B HashiCorp acquisition faces FTC antitrust review
The U.S. Federal Trade Commission has opened an antitrust probe into IBM Corp.’s proposed acquisition of HashiCorp Inc. for $6.4 billion. HashiCorp disclosed the development in a regulatory filing released today. According to the document, both HashiCorp and IBM received a so-called second request from the FTC on Friday. A second request is a regulatory ...