Maria Deutscher
Latest from Maria Deutscher
In latest quantum milestone, IBM unveils its first 53-qubit computer
Qubit by qubit, researchers are inching closer to making large-scale quantum computing a reality. IBM Corp. today revealed that it has developed a quantum computer with more than twice the processing components as its previous largest machines. The new system packs 53 qubits compared with the earlier models’ 20 and features a number of major ...
DataRobot’s investors bet another $206M on its automated AI platform
In the crowded field of startups working to ease artificial intelligence development, DataRobot Inc. stands out. The company is one of the oldest players, founded in 2012, and it’s now among the best-funded as well as thanks to a new $206 million investment announced this morning. Sapphire Ventures led the round. It was joined by Intel ...
Apple hands Corning $250M to develop new glass for future iPhones
Apple Inc. has dipped into its $5 billion Advanced Manufacturing Fund and invested $250 million into Corning Inc., a New York-based manufacturer of glass for mobile devices. The capital injection, announced today, expands a long-running relationship between the companies. Apple previously made a $200 million investment in Corning two years ago and has used the ...
WeWork delays IPO after valuation cut, criticism over CEO’s control
The We Co., parent company of co-working industry poster child WeWork, is said to have hit pause on its preparations for an initial public offering. The Wall Street Journal reported today that WeWork will push back the IPO by at least a month. A source separately told CNBC that the offering could take place as soon ...
GitLab’s valuation soars to $2.75B after new $268M round
A year after achieving unicorn status, development tooling provider GitLab Inc. today announced that it has taken in an additional $268 million investment from a large consortium of new and returning backers. The round saw the participation of Iconiq Capital, Goldman Sachs Group Inc., Tiger Management, Franklin Templeton and over half a dozen others. GitLab is ...
YC leads $50M round into fast-rising contract automation startup Ironclad
Ironclad Inc., the maker of a contract automation service used by the likes of Dropbox Inc. and Fitbit Inc., this morning announced that it has raised $50 million in fresh capital. Y Combinator’s Continuity fund led the investment with participation from Emergence Capital. They were joined by Sequoia Capital and Accel Partners, which backed Ironclad’s ...
Pixel 4, Pixelbook 2 expected as Google schedules Oct. 15 product event
Google LLC today issued media invites for an Oct. 15 event in New York City where it’s expected to debut its next wave of consumer devices. If recent rumors are any indication, the search giant will be unveiling the hotly anticipated Pixel 4 flagship smartphone along with at least a couple other products. Leakers have ...
Qualcomm shells out $3.1B to take full control of RF360 mobile parts business
Qualcomm Inc. today said that it has reached a $3.1 billion deal with TDK Corp., a Japanese electronics maker, to buy the company’s stake in a joint venture they have been running under the name RF360 Holdings Singapore Pte. Ltd. RF360 specializes in making a core mobile device technology known as the radio receiver front ...
Salesforce adds AI-infused CRM products for the manufacturing sector
Salesforce.com Inc. sells its flagship customer relationship management platform in a variety of flavors. Some versions are geared toward enterprises, others cater to smaller businesses and a handful of the platform’s editions are customized for use in specific industries. Falling into the last category are the new products Salesforce debuted this morning. Manufacturing Cloud and Consumer ...
Heavily funded Element AI grows war chest with new $151M round
Element AI Inc., a Montreal-based startup selling artificial intelligence software, today cemented its position as one of the better-funded players in its corner of the market by announcing that it has raised 200 million Canadian dollars (about $151 million) in additional capital. The investment came from a group of public and private sector backers. Canadian pension fund CDPQ led ...