Maria Deutscher
Latest from Maria Deutscher
Slack stock soars 50% in direct NYSE listing, now valued at $20B+
Updated: Slack Technologies Inc. today made its long-anticipated debut on the New York Stock Exchange at $38.50 a share, tripling its valuation to a stunning $21 billion. The stock kept rising in early trading and quickly passed the $40 mark. Slack, trading under the ticker symbol “WORK,” is now hovering around $41.70 a share, which ...
Process automation heavyweight Blue Prism to acquire Thoughtonomy in $100M deal
Blue Prism Group plc., one of the bigger names in the fast-growing robotic process automation market, today announced that it’s acquiring Thoughtonomy Ltd. to strengthen its product capabilities. The cash and stock deal is worth up to £80 million, or $100 million, including performance-based earnouts. This represents a big bet for Blue Prism. The 18-year-old British firm, ...
Y Combinator leads $50M round into open-source Slack rival Mattermost
Team chat services such as Slack are experiencing rapid adoption in the enterprise, but some companies have been more hesitant to embrace the technology than others. Organizations with advanced data security needs, such as banks, can’t simply shift employee communications to an external platform running on hardware they don’t control. It’s this market where Mattermost Inc. ...
As supercomputers grow faster, Top500 hits 1.5 exaflops for the first time
The biannual Top500 list is the supercomputing industry’s reference book on the latest advances in system design. It ranks the world’s 500 fastest supercomputers every six months, providing a valuable update on how the sector evolves as new technologies and processors enter the mix. The latest edition, which came out on Monday, marks several firsts. ...
With Libra, Facebook seeks to take cryptocurrency mainstream
Facebook Inc. today finally detailed its long-rumored plan to create a cryptocurrency for spending and receiving money online. Libra, as the digital coin is called, is scheduled to launch in the first half of next year. It will be powered by a globally distributed and open-source blockchain system that will enable companies other than Facebook to build financial services ...
Optimizely raises $105M more to help enterprises enhance their digital products
The launch of a web service or app into general availability doesn’t conclude the product development lifecycle. After the initial release, companies normally keep rolling out enhancements to address user feedback and stay ahead of rivals, a task that Optimizely Inc. is working to simplify. The San Francisco-based startup today announced that it has raised ...
GitHub acquires Pull Panda to power up collaboration for software teams
GitHub has acquired Pull Panda Inc., a small startup that makes collaboration tools for software teams. The terms of the deal, which was announced today, aren’t being disclosed. It was most likely a small transaction: Pull Panda only launched about 18 months ago and its LinkedIn page lists founder Abi Noda as the sole employee. ...
Habana Labs’ new Gaudi chip promises faster AI training than Nvidia GPUs
Habana Labs Ltd. is throwing down the gauntlet to Nvidia Corp. in the artificial intelligence market. The Israeli startup, which is backed by $120 million in funding, today unveiled a chip called Gaudi (pictured) built for the sole purpose of training AI models. That’s the part of the development lifecycle in which engineers hone their ...
Facebook releases AI Habitat, a powerful simulator for training neural networks
The artificial intelligence models inside machines such as industrial robots require the ability to interact safely and efficiently with their environment. But training an AI in a real-world setting, even a risk-free training space, is often impractical because of the colossal amount of time required to teach complex neural networks. To help speed up the process, Facebook ...
Broadcom slashes revenue outlook after Huawei ban, dragging down chip stocks
Shares of Broadcom Inc. were falling more than 6% this morning after the chipmaker posted disappointing financial results on Thursday, a drop that has sent ripples through the semiconductor industry. San Jose, California-based Broadcom is a major supplier of chips for data centers and mobile devices. The company reported earnings of $5.21 per share for the second quarter, ...
