Maria Deutscher
Latest from Maria Deutscher
Cryptography chip startup Fabric secures $33M in funding
Startup Fabric Cryptography Inc., which sells chips optimized to run encryption algorithms, has raised $33 million in early-stage funding to support its product development efforts. Blockchain Capital and 1kx co-led the Series A investment. Fabric detailed in its announcement of the raise today that cryptocurrency companies Offchain Labs, Polygon and Matter Labs contributed as well. ...
Nvidia debuts StormCast generative AI model for forecasting mesoscale weather events
Nvidia Corp. today detailed an artificial intelligence model called StormCast that could help researchers predict the weather more accurately. StormCast is an upgraded version of an earlier atmospheric forecasting model dubbed CorrDiff. Nvidia ships the latter algorithm with Earth-2, a software suite it provides to meteorologists who use its chips to support their research. The ...
Texas Instruments wins $4.6B in CHIPS Act financing for three new fabs
Chipmaker Texas Instruments Inc. today announced that it has secured $4.6 billion in federal financing to upgrade its manufacturing infrastructure. The new funds will enable the company to build three new semiconductor plants, or fabs, in Texas and Utah. Construction on the facilities has already begun. Chip production is expected to start as soon as ...
EU issues request for information to Meta in connection with DSA probe
The European Union has asked Meta Platforms Inc. for information about the way it shares data from its social media platforms with researchers. The European Commission, the EU’s executive branch, disclosed the request today. The move relates to a probe that officials launched earlier this year into Meta’s compliance with the EU’s Digital Services Act ...
Report: SoftBank held talks with Intel about developing an AI chip
SoftBank Group Corp. and Intel Corp. held talks in recent months about developing an artificial intelligence chip, the Financial Times reported today. The negotiations, which have since fallen apart, are believed to have been part of a multibillion-dollar push on SoftBank’s part to challenge Nvidia Corp. in the AI accelerator market. The Tokyo-based conglomerate reportedly ...
Google rolls out AI Overviews to more countries amid publisher scrutiny
Google LLC today announced plans to make its search engine’s AI Overviews feature available in Brazil, India, Indonesia, Japan, Mexico and the U.K. The move comes about three months after the company made the capability generally available in the U.S. When users enter certain questions into Google Search, AI Overviews displays a natural language answer ...
Caresyntax raises $180M for its surgical data management platform
Caresyntax Inc., a startup that helps surgeons provide better patient care, has raised $180 million from investors to enhance its technology. The company detailed today the capital infusion came as an extension to a Series C round it had originally closed in 2021. The bulk of the financing, $100 million, was provided as equity funding ...
Snowflake launches AI-powered Cortex Analyst query generator into public preview
Snowflake Inc. today announced the public preview of Cortex Analyst, a new tool that allows users to analyze records in its cloud data platform with natural language prompts. Workers often consume business information in the form of dashboards. Typically, fixing an issue in a dashboard or carrying out an analysis that it doesn’t support out ...
Kiteworks raises $456M to secure file transfers in the enterprise
Kiteworks Inc., a startup that helps enterprises prevent unauthorized access to their data, has secured a $456 million funding round at a valuation exceeding $1 billion. The company disclosed the investment today. Insight Partners and Sixth Street Growth provided the capital. TechCrunch, citing data from PitchBook, reported the deal included at least $228 million in equity ...
Elon Musk’s xAI debuts new Grok-2 and Grok-2 mini language models
Elon Musk’s xAI Corp. has debuted two new language models, Grok-2 and Grok-2 mini, that it claims can perform some tasks with similar accuracy to OpenAI’s GPT-4o. The models rolled out to X on Tuesday. Later this month, they will also become available to developers through an application programming interface. The API will make it ...