Maria Deutscher
Latest from Maria Deutscher
Financial software maker AuditBoard to be acquired by Hg Capital for $3B+
AuditBoard Inc., the developer of a software platform that helps enterprises ensure their financial reports are accurate, will be acquired by Hg Capital for over $3 billion. The companies announced the deal on Thursday. Citing sources familiar with the matter, Axios reported today that AuditBoard had previously rejected multiple takeover bids and was preparing to ...
Google to invest $350M in Indian e-commerce marketplace Flipkart
Google LLC is buying a $350 million stake in Flipkart Pvt Ltd., India’s largest e-commerce company. Bloomberg reported that the search giant will provide the capital as part of a funding round worth nearly $1 billion. The investment is said to be led by Walmart Inc., Flipkart’s majority stakeholder. Last December, Walmart announced plans to ...
Cohere open-sources Aya 23 series of multilingual LLMs
Cohere Inc. today introduced Aya 23, a new family of open-source large language models that can understand 23 languages. Toronto-based Cohere is an OpenAI competitor backed by more than $400 million in funding from Nvidia Corp., Oracle Corp. and other investors. It provides a set of LLMs optimized for the enterprise market. The company also ...
ZeroPoint raises $5.5M for its on-chip data compression technology
ZeroPoint Technologies AB, a startup with hardware that enables processors to make more efficient use of DRAM, has secured $5.5 million in early-stage funding. The company said in its announcement of the Series A raise today that Munich-based Matterwave Ventures was the lead investor. Industrifonden, Climentum Capital and Chalmers Ventures participated as well. ZeroPoint is ...
Google details plans for new subsea internet cable linking Africa and Australia
Google LLC today announced plans to deploy a new subsea internet cable, called Umoja, that will provide connectivity between Africa and Australia. The cable marks the latest in a series of underwater networking projects announced by the search giant. In April, Google detailed a $1 billion initiative to enhance subsea internet infrastructure in the Pacific. A ...
Amazon reportedly preparing paid Alexa version powered by its own Titan AI model
Amazon.com Inc. engineers are reportedly working on a new, more capable version of Alexa that is expected to become available through a paid subscription. Sources familiar with the project told CNBC today that the service is set to roll out later this year. Apple Inc. is also expected to introduce a new version of Siri, ...
Patronus AI reels in $17M for its AI reliability testing platform
Patronus AI Inc., a startup helping companies detect and fix reliability issues in their large language models, today announced that it has closed a $17 million investment. Notable Capital led the Series A round. It was joined by publicly traded observability provider Datadog Inc., Lightspeed Venture Partners, Factorial Capital and several angel investors from the ...
Report: AI wearable maker Humane seeking sale at up to $1B valuation
Humane Inc., the well-funded developer of the Ai Pin artificial intelligence wearable, is reportedly seeking a buyer. Bloomberg reported late Wednesday that the company is hoping for a sale price of $750 million to $1 billion. The high end of the range is $150 million above the valuation Humane is believed to have received last ...
EU greenlights AI Act as tech giants commit to responsible model development
The European Union’s AI Act, a piece of legislation designed to mitigate the risks posed by artificial intelligence, today received the final greenlight it required to become law. The milestone came against the backdrop of a high-profile AI safety summit in Seoul. During the event, 16 tech firms committed not to develop AI models that ...
H, a new Paris-based AI startup, raises $220M from prominent investors
A new startup known simply as H has closed a mammoth $220 million seed round to build cutting-edge artificial intelligence models. The Paris-based company, which is incorporated as H.ai SAS, disclosed the raise today. The round included contributions from Accel and other investment firms, as well as several major tech industry players: H said Amazon.com ...