Maria Deutscher – SiliconANGLE

Supreme Court returns Texas and Florida social media laws to lower courts

Maria Deutscher — Mon, 01 Jul 2024 22:53:20 +0000

The Supreme Court today avoided making a decision in two closely watched social media moderation cases and instead sent them back to the lower courts for review. The justices issued the decision unanimously. There were four separate concurrences, opinions written by justices who agree with the majority view but for different reasons. The two cases […]

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Vaire raises $4M to develop ‘reversible computing’ chips

Maria Deutscher — Mon, 01 Jul 2024 21:15:29 +0000

Vaire Computing Ltd., a startup developing chips based on a nascent processing paradigm known as reversible computing, has raised $4 million in funding. The company announced the investment today. 7percent Ventures, a venture capital firm focused on emerging technologies, and internet entrepreneur Jude Gomila led the raise. They were joined by Seedcamp, Clim8 and multiple […]

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EU probe tentatively finds that Meta breached DMA with ad-free subscription

Maria Deutscher — Mon, 01 Jul 2024 18:59:45 +0000

European Union officials have tentatively determined that Meta Platforms Inc. breached the bloc’s Digital Markets Act regulation with a subscription offering it launched last year. The European Commission, the EU’s executive branch, published its findings today. A final decision will be made in the probe by March 25, 2025. Meta could face steep fines if […]

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Microsoft AI CEO Mustafa Suleyman describes content on the open web as ‘freeware’

Maria Deutscher — Fri, 28 Jun 2024 22:55:21 +0000

A prominent Microsoft Corp. executive said that content on the open web is “freeware” in a recent discussion on whether artificial intelligence models may use such material. Mustafa Suleyman, chief executive officer of Microsoft AI, made the remarks during a Tuesday interview at the Aspen Ideas Festival. Windows Central reported the discussion today. Following a […]

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Microsoft’s OpenAI partnership could face EU antitrust probe

Maria Deutscher — Fri, 28 Jun 2024 21:10:01 +0000

Microsoft Corp.’s partnership with OpenAI could face an antitrust probe in the European Union, the bloc’s top competition official has revealed. European Commission Executive Vice President Margrethe Vestager detailed the potential investigation in a speech today. She disclosed that officials had sent Microsoft and OpenAI a set of questions about “certain exclusivity clauses” in their […]

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Remote access provider TeamViewer discloses breach attributed to Russian hackers

Maria Deutscher — Fri, 28 Jun 2024 18:36:13 +0000

TeamViewer SE, the developer of a widely-used application for remotely accessing computers, has experienced a network breach. The company disclosed the incident on Thursday. In a follow-up update published today, TeamViewer attributed the cyberattack to APT29, a Russian state-backed hacking group. The group was responsible for the 2020 hacking campaign that targeted SolarWinds Corp. customers through malicious software […]

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Progress Software discloses critical vulnerability in MOVEit file transfer service

Maria Deutscher — Thu, 27 Jun 2024 22:33:53 +0000

Progress Software Corp. has disclosed a critical vulnerability in its MOVEit service, which organizations use to share files with one another. The company detailed the flaw on Tuesday. It also disclosed an exploit in MOVEit Gateway, a cybersecurity product that some organizations use together with the file transfer service. The day after Progress made the […]

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Odaseva nabs $54M for its Salesforce data protection platform

Maria Deutscher — Thu, 27 Jun 2024 20:44:18 +0000

Odaseva Technologies SAS, a startup with a platform that helps enterprises encrypt and back up the data they keep in Salesforce, has closed a $54 million funding round. The company detailed in its announcement of the raise today that Silver Lake Waterman was the lead investor. F-Prime, Eight Roads, Serena Capital, Eurazeo and Crescent Cove […]

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Vulnerability detection provider PortSwigger raises $112M

Maria Deutscher — Thu, 27 Jun 2024 18:32:58 +0000

PortSwigger Ltd., the company behind one of the industry’s most popular cybersecurity testing tools, today disclosed that it has raised $112 million in funding. The capital was provided by private equity firm Brighton Park Capital. It marks the first time that U.K.-based PortSwigger has raised funding since launch. The company was founded in 2008 by […]

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Dappier raises $2M in seed funding for its AI data marketplace

Maria Deutscher — Wed, 26 Jun 2024 22:34:43 +0000

Dappier Inc., a startup helping publishers license their content to artificial intelligence developers, today announced that it has raised $2 million in seed funding. Early-stage venture capital firm Silverton Partners led the investment. Austin-based Dappier operates a marketplace through which publishers can make their content available to developers for use in AI projects. According to […]

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AI-powered drug development startup Formation Bio raises $372M

Maria Deutscher — Wed, 26 Jun 2024 21:03:49 +0000

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 […]

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Supreme Court rules US officials can continue communicating with social media companies

Maria Deutscher — Wed, 26 Jun 2024 18:55:26 +0000

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 […]

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Stability AI appoints new CEO and closes funding round reportedly worth $80M

Maria Deutscher — Tue, 25 Jun 2024 22:34:00 +0000

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 […]

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EU files antitrust charges against Microsoft for bundling Teams with Microsoft 365

Maria Deutscher — Tue, 25 Jun 2024 21:01:04 +0000

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 […]

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Factory robotics startup Bright Machines reels in $126M

Maria Deutscher — Tue, 25 Jun 2024 18:56:06 +0000

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 […]

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OpenAI acquires developer collaboration startup Multi

Maria Deutscher — Mon, 24 Jun 2024 22:36:22 +0000

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. […]

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DataStax upgrades its AI development tools with new productivity features

Maria Deutscher — Mon, 24 Jun 2024 20:56:27 +0000

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 […]

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EU tentatively finds that Apple breached DMA rules as officials launch fresh probe

Maria Deutscher — Mon, 24 Jun 2024 18:35:40 +0000

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 […]

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Apple delays release of Apple Intelligence, two other new features in the EU

Maria Deutscher — Fri, 21 Jun 2024 22:46:46 +0000

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 […]

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US Treasury sanctions 12 Kaspersky executives

Maria Deutscher — Fri, 21 Jun 2024 21:04:12 +0000

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 […]

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Hacking group Qilin leaks data stolen from UK medical testing provider Synnovis

Maria Deutscher — Fri, 21 Jun 2024 18:52:02 +0000

A ransomware gang has reportedly published 400 gigabytes of data stolen from Synnovis, a UK-based provider of medical testing services. The U.K.’s healthcare system, the National Health Service, said today that law enforcement agencies are working to verify the data. “The National Crime Agency and National Cyber Security Centre are working to verify the data […]

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AI coding assistant startup Poolside reportedly raising $400M

Maria Deutscher — Thu, 20 Jun 2024 22:22:01 +0000

Poolside, a Paris-based startup that plans to launch a large language model for developers, is reportedly in talks to raise a nine-figure funding round. TechCrunch today cited sources as saying that the investment is expected to be worth over $400 million. According to the tipsters, Bain Capital Ventures and DST are holding discussions to co-led […]

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Substrate reels in $8M to simplify AI application development

Maria Deutscher — Thu, 20 Jun 2024 20:54:26 +0000

Substrate Labs Inc., the operator of a cloud platform for building artificial intelligence applications, today announced that it has secured $8 million in seed funding. Lightspeed Venture Partners led the raise. It was joined by South Park Commons, Craft Ventures and several angel investors. “New AI models offer enormous potential, but the tools developers have […]

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Post-quantum cryptography startup PQShield raises $37M

Maria Deutscher — Thu, 20 Jun 2024 18:47:41 +0000

Post-quantum cryptography startup PQShield Ltd. today announced that it has closed a $37 million funding round led by Addition. Chevron Technology Ventures, Legal & General, Braavos Capital and Oxford Science Enterprises contributed as well. The Series B investment brings PQShield’s total outside funding to more than $57 million. “We’re already getting our technology into the […]

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OpenAI co-founder Ilya Sutskever launches startup to develop ‘safe superintelligence’

Maria Deutscher — Wed, 19 Jun 2024 22:28:55 +0000

OpenAI co-founder Ilya Sutskever today announced the launch of SSI, a new startup dedicated to building advanced artificial intelligence models. The development comes a few months after Sutskever left his role as OpenAI’s chief scientist. He earlier resigned from the ChatGPT developer’s board. Sutskever’s departure is believed to be connected to his role in the […]

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Amazon to spend €10B on expanding its cloud and logistics operations in Germany

Maria Deutscher — Wed, 19 Jun 2024 20:22:30 +0000

Amazon.com Inc. will spend €10 billion, or about $10.7 billion, to upgrade its data center infrastructure and logistics network in Germany. The company detailed the investment today. The announcement comes a few weeks after Amazon Web Services Inc. revealed plans to spend €7.8 in Germany on its AWS European Sovereign Cloud platform. The platform, which […]

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UK antitrust watchdog opens probe into HPE’s $14B Juniper acquisition

Maria Deutscher — Wed, 19 Jun 2024 18:25:25 +0000

The U.K.’s antitrust watchdog has opened a probe to evaluate whether Hewlett Packard Enterprise Co.’s acquisition of Juniper Networks Inc. complies with local competition laws. The Competition and Markets Authority, or CMA, announced the investigation today. Officials will publish the results of the probe by August 13. In January, HPE announced an all-cash deal to acquire […]

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Genspark reels in $60M for its AI-powered search engine

Maria Deutscher — Tue, 18 Jun 2024 22:24:45 +0000

Genspark, the developer of a new search engine powered by large language models, today disclosed that it has raised $60 million in funding. Singapore-based investment firm Lanchi Ventures led the seed round. Reuters reported that the raise values Genspark at $260 million. The investment comes amid reports that several other startups in the AI-powered search […]

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SUSE acquires Kubernetes observability startup StackState

Maria Deutscher — Tue, 18 Jun 2024 20:30:35 +0000

SUSE SA has acquired StackState BV, a venture-backed startup with a platform for fixing malfunctions in Kubernetes environments. The Linux distributor announced the deal today at its annual SUSECON conference. During the event, executives also previewed an upcoming software offering designed to ease the task of running artificial intelligence models. Luxembourg-based SUSE provides a popular Linux […]

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Huntress raises $150M at $1.5B+ valuation for its managed cybersecurity platform

Maria Deutscher — Tue, 18 Jun 2024 18:13:35 +0000

Huntress Labs Inc., a fast-growing managed cybersecurity provider, today disclosed that it has raised $150 million at a valuation exceeding $1.5 billion. Kleiner Perkins, Meritech Capital and Sapphire Ventures led the round. CRN reported that the raise, a Series D investment, is likely the last for Huntress before going public. The company is reportedly on […]

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