Maria Deutscher
Latest from Maria Deutscher
UK court mostly sides with Stability AI in AI copyright lawsuit
A U.K. court has mostly sided with Stability AI Ltd. in a case that focused on the startup’s use of copyrighted images to train artificial intelligence models. The High Court of Justice issued the ruling today. London-based Stability AI is an AI model developer backed by more than $170 million in funding. The company is ...
AWS to build Fastnet subsea internet cable that will link US and Ireland
Amazon Web Services Inc. today announced plans to build a subsea internet cable that will stretch from Maryland to County Cork, Ireland. The cable, which is called Fastnet, is currently in the design phase. It’s expected to become operational in 2028. Fastnet will be capable of transporting more than 320 terabits of data per second, ...
Portal26 nabs $9M for its AI application governance platform
Portal26 Inc., a startup that helps companies protect employees from risky artificial intelligence applications, has raised $9 million in funding. Shasta Ventures led the Series A investment. It was joined by Fusion Fund and the venture capital arm of an unnamed Fortune 500 financial services firm. Portal26 said in its announcement of the raise today ...
Quantum diamond microscope startup EuQlid launches with $3M
EuQlid Inc., a startup that has developed a quantum device for analyzing the inner workings of semiconductors, launched today with $3 million in funding. The capital was provided by QDNL Participations and Quantonation, two venture capital firms focused on quantum technologies. The semiconductor development workflow involves a significant amount of testing. After engineers finalize the ...
Industrial AI startup Octonomy raises $20M in seed funding
Octonomy AI GmbH, a startup with an artificial intelligence platform for companies that operate heavy machinery, today announced that it has raised $20 million in funding. Macquarie Capital Venture Capital led the seed round. It was joined by German bank NRW.Bank, TechVision Fund and Capnamic. The latter firm previously led a $5 million round for ...
Microsoft to quadruple its UAE AI data center capacity as part of $7.9B investment
Microsoft Corp. plans to grow its data center footprint in the United Arab Emirates significantly through a partnership with a local company. The tech giant announced the initiative today alongside a second major infrastructure investment. Microsoft disclosed that it has commissioned billions of dollars worth of data center capacity from Lambda Labs Inc., a venture-backed ...
OpenAI inks $38B AI infrastructure deal with AWS
OpenAI Group PBC will rent $38 billion worth of cloud infrastructure from Amazon Web Services Inc. as part of a seven-year partnership announced today. The news comes less than a week after the ChatGPT developer revised the terms of its relationship with Microsoft Corp. The tech giant was OpenAI’s sole cloud provider for about two ...
Pat Gelsinger-backed Gloo seeking to raise up to $109M in IPO
Gloo Holdings Inc., a provider of software for faith-based organizations that is backed by Pat Gelsinger, plans to raise up to $109.2 million in an initial public offering. Reuters reported the company’s plans on Thursday. In a filing with the U.S. Securities and Exchange Commission, Gloo stated that it hopes to raise the funds by ...
Former OpenAI researchers launch Applied Compute with $80M in funding
Three former OpenAI researchers have launched a new startup, Applied Compute Inc., that plans to develop custom artificial intelligence models for enterprises. Applied Compute announced on Wednesday that it has raised $80 million in funding. The capital was provided by Benchmark, Sequoia, Lux and a group of angel investors. The company didn’t disclose its valuation. ...
Figma acquires AI design startup Weavy for reported $200M+
Figma Inc. has bought Weavy Inc., a startup with an artificial intelligence platform for creating images and videos. Figma announced the acquisition today without disclosing its financial terms. Calcalist reported that the transaction values Tel Aviv-based Weavy at more than $200 million. That’s about 50 times the amount of funding the startup raised prior to ...