Maria Deutscher
Latest from Maria Deutscher
Bridgepoint acquires majority stake in intranet startup LumApps at $650M valuation
Private equity firm Bridgepoint is acquiring a majority stake in LumApps SAS, a French startup with an internet platform used by about 5 million workers. The companies said in their announcement of the deal on Monday that it’s worth $650 million. LumApps previously raised more than $100 million in funding from institutional investors. Four of ...
OpenAI forms safety and security committee to oversee AI projects as it trains next model
OpenAI today announced the formation of a committee that will be tasked with ensuring its machine learning research is carried out safely. The Safety and Security Committee, as the panel is called, comprises nine members. It will be led by OpenAI Chief Executive Officer Sam Altman and three other directors, including board Chair Bret Taylor. ...
OpsMill launches open-source Infrahub platform to ease network data management
Startup OpsMill today launched Infrahub, a new open-source platform designed to help enterprises manage their network configuration data. Paris-based OpsMill is led by Chief Executive Officer Damien Garros and Chief Operating Officer Raphael Maunier. Maunier previously co-founded infrastructure company France-IX, which operates facilities that internet providers use to transfer data traffic between their networks. OpsMill ...
Apple will reportedly introduce AI-generated emojis, LLM-powered Siri with iOS 18
Apple Inc. is reportedly preparing to embed new artificial intelligence models into several components of iOS including the built-in emoji library and Siri. Bloomberg reported the upcoming enhancements on Sunday, citing sources familiar with the matter. Apple is expected to unveil the features at its WWDC 2024 developer event next month. The upgrades are expected ...
Report: China sets up $47.5B fund to boost its semiconductor sector
China has reportedly set up a fund with 344 billion yuan, or $47.5 billion, in capital to boost its domestic semiconductor sector. Citing a regulatory filing, Reuters reported today that the fund was established last Friday. It’s the third and largest in a series of three state-backed investment vehicles created to support local semiconductor companies. ...
Elon Musk’s xAI raises $6B at $24B valuation to build new AI services
Artificial intelligence startup xAI Corp. has raised $6 billion in Series B funding round to support its product development and commercialization efforts. The company, which was founded last year by Elon Musk, detailed on Sunday that the round saw the participation of than a half-dozen investors. The participants included Valor Equity Partners, Vy Capital, Andreessen ...
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 ...