Maria Deutscher
Latest from Maria Deutscher
Microsoft Corp. has developed a new large language model that it says is significantly more efficient than leading open-source alternatives. The company’s artificial intelligence research group detailed the algorithm on Thursday. MAI-Base-2 is not a full-fledged LLM but rather a base model, …
Reflection AI open-sources Beam’s weights, post-training recipes
Startup Reflection AI Inc. today made the weights of Beam, its first large language model, available on Hugging Face. The company also released technical resources that will enable developers to customize the algorithm. Originally introduced last week, Beam is one of the …
RapidCanvas raises $29M to develop custom AI applications for enterprises
Software development startup RapidCanvas Inc. today announced that it has raised $29 million in funding. Vertex Ventures SEA & India led the Series B round with contributions from Hitachi Ventures, Accel, Peak XV Partners, Valley Capital Partners and Titanium Ventures. The deal …
Mueon nabs $65M in funding to develop 3D computing modules
Data center hardware startup Mueon Corp. today announced that it has raised $65 million in funding. Semiconductor-focused fund Maverick Silicon led the Series A round. It was joined by Intel Corp.’s venture capital arm, Oregon Venture Fund, Wellington Capital, IQT and several …
Ramp raises $1.85B as it expands beyond finance software
Ramp Business Corp., a provider of corporate credit cards and business software, today announced that it has raised $1.85 billion in late-stage funding. Dragoneer led the Series G round. Thrive Capital, Founders Fund, Sands Capital and Avenir Growth joined as co-leads. The …
TSMC posts strong third-quarter results, but shares drop amid AI selloff
Taiwan Semiconductor Manufacturing Co. today posted better-than-expected financial results for the third quarter, but its shares nevertheless dropped 2%. The dip is tied to a broader selloff in artificial intelligence stocks. Investors started offloading shares on Wednesday in response to an X …
Chemical sourcing startup Scimplify closes $25M investment
Scimplify, a startup that helps companies source the chemicals they use to make their products, has raised $25 million in funding. TechCrunch reported today that the Series C round was led by Hitachi Ventures. It was joined by two Scimplify customers: consumer …
Shares of Oracle, neoclouds drop on CoreWeave debt concerns
Shares of Oracle Corp., DigitalOcean Inc.. and several other tech firms dropped today after a chart about CoreWeave Holdings Inc.’s finances went viral on X. CoreWeave operates a cloud platform optimized for artificial intelligence workloads. The company has grown its data center …
AI cloud startup Modal raises $750M at $15.75B valuation
Modal Labs Inc., a provider of artificial intelligence infrastructure, today announced that it has raised $750 million in late-stage funding. Accel led the Series D round. It was joined by Kleiner Perkins and a half-dozen existing Modal investors. The company is now …
Pluto Security nabs $42M to help enterprises secure their AI agents
Pluto Security Inc., a provider of artificial intelligence security software, today announced that it has raised $42 million in funding. The company raised about a fifth of the sum through a seed round led by TLV Partners. The rest arrived in the …