Maria Deutscher
Latest from Maria Deutscher
AI-powered drug development startup Formation Bio raises $372M
Formation Bio Inc., a startup using artificial intelligence to speed up drug development, today announced that it has closed a mammoth $372 million investment. Andreessen Horowitz led the Series D funding round. It was joined by pharmaceutical company Sanofi SA and more than a half-dozen other investors. The valuation at which Formation Bio closed the ...
Supreme Court rules US officials can continue communicating with social media companies
The U.S. Supreme Court today rejected a lawsuit that sought to limit how the federal government communicates with social media companies. The case, Murthy v. Missouri, was dismissed in a 6-3 ruling. It focused on misinformation removal requests that officials from the White House and several federal agencies had sent to social media companies. Meta ...
Stability AI appoints new CEO and closes funding round reportedly worth $80M
Stability AI Ltd. today appointed Prem Akkaraju chief executive officer and announced that it has raised funding from a group of prominent investors. The development comes three months after the startup’s founding CEO, Emad Mostaque, stepped down. His resignation was reportedly preceded by several other executive departures. A number of key engineers are believed to ...
EU files antitrust charges against Microsoft for bundling Teams with Microsoft 365
European Union officials have tentatively determined that Microsoft Corp. breached the bloc’s antitrust rules with its Microsoft Teams collaboration service. The European Commission, the EU’s executive branch, published its findings today. The development is not unexpected. Rumors that EU officials plan to bring antitrust charges against Microsoft first emerged in April. Teams, the service at the ...
Factory robotics startup Bright Machines reels in $126M
Bright Machines Inc., a robotics startup that helps manufacturers more efficiently make products such as servers and batteries, has secured $126 million in fresh funding. The Series C round was announced this morning. Bright Machines received the bulk of the capital, $106 million, in the form of an equity investment that was led by BlackRock ...
OpenAI acquires developer collaboration startup Multi
OpenAI has acquired Multi Software Co., a startup with a videoconferencing platform for software development teams. Multi co-founder and Chief Executive Officer Alexander Embiricos announced the deal in a blog post published today. Embiricos, who was previously a product manager at Dropbox Inc., founded the company in 2019 with former Google LLC engineer Charley Ho. ...
DataStax upgrades its AI development tools with new productivity features
DataStax Inc. today introduced new versions of Langflow and RAGStack, two software tools designed to ease the development of artificial intelligence applications. Santa Clara, California-based DataStax is backed by more than $300 million in funding. Its flagship product is a cloud-based NoSQL database called Astra DB that is available in two editions. There’s a standard ...
EU tentatively finds that Apple breached DMA rules as officials launch fresh probe
The European Commission, the European Union’s executive arm, has reached the preliminary conclusion that Apple Inc. is in breach of the bloc’s DMA regulation. The Commission published its findings today. In conjunction, it announced the launch of a second DMA probe into Apple. Both decisions relate to the company’s restrictions on so-called steering, or the ...
Apple delays release of Apple Intelligence, two other new features in the EU
Apple Inc. today disclosed that Apple Intelligence, a recently introduced suite of artificial intelligence features, won’t become available in the European Union this year. The disclosure comes about two weeks after the iPhone maker announced the AI capabilities at its WWDC developer event. Apple Intelligence debuted alongside several other new features, including two remote device ...
US Treasury sanctions 12 Kaspersky executives
The U.S. Treasury Department today announced sanctions against 12 executives at Kaspersky Lab Inc., a Russian antivirus maker. The sanctions are being rolled out by the Treasury Department’s Office of Foreign Assets Control, or OFAC. A day earlier, the Commerce Department banned Kaspersky from selling its antivirus software and other products in the U.S. The ...