Maria Deutscher
Latest from Maria Deutscher
Suno Inc., a startup with a popular music generation service, today announced that it has closed a $250 million Series C investment. Menlo Ventures led the funding round. It was joined by Hallwood Media, Lightspeed, Matrix and Nvidia Corp.’s NVentures startup fund. …
Multimodal AI developer Luma AI raises $900M in funding
Luma AI Inc., a developer of image and video generation models, today announced that it has closed a $900 million funding round. Saudi artificial intelligence company HUMAIN led the Series C investment. AMD Ventures, Andreessen Horowitz, Amplify Partners and Matrix Partners participated …
EU to revise GDPR, AI Act as part of regulatory simplification push
The European Union has proposed a set of regulatory changes designed to make it easier for companies to comply with the bloc’s AI Act and GDPR privacy law. The European Commission, the EU’s executive arm, announced the initiative today. The legislative updates …
Nvidia, Microsoft to invest up to $15B in Anthropic as part of new cloud partnership
Anthropic PBC will raise up to $15 billion in funding from Nvidia Corp. and Microsoft Corp. as part of a partnership the companies announced today. Nvidia is set to provide up to two-thirds of the capital while Microsoft plans to provide the …
AI cloud operator Lambda raises $1.5B+ to build data centers
Artificial intelligence infrastructure startup Lambda Inc. today announced that it has closed a late-stage funding round worth more than $1.5 billion. TWG Global, a holding company led by billionaire investors Thomas Tull and Mark Walter, led the Series E transaction. It was …
Cloudflare outage briefly takes ChatGPT, Claude and other services offline
Cloudflare Inc. experienced an hours-long outage today that took several popular services offline. OpenAI Group PBC’s ChatGPT and Sora were among the impacted applications. Claude, Shopify and the website of New Jersey’s public transportation system reportedly experienced issues as well. The downtime …
Cloudflare acquires AI deployment startup Replicate
Cloudflare Inc. has acquired Replicate Inc., a startup with software that makes it easier to deploy artificial intelligence models in production. The companies announced the transaction today without disclosing its financial terms. Replicate previously raised more than $23 million in funding from …
Financial technology startup Ramp closes $300M investment at $32B valuation
Ramp Business Corp. today announced that it has closed a $300 million funding round at a $32 billion valuation, double what it was worth in June. The raise is the company’s third in five months. Returning investor Lightspeed Venture Partners led the …
Report: Startup co-led by Jeff Bezos raises $6.2B to develop ‘AI for the physical economy’
Jeff Bezos has launched an artificial intelligence startup called Project Prometheus, the New York Times reported today. The company is reportedly backed by $6.2 billion in funding from Bezos and other investors. It’s unclear whom those other investors are, when Project Prometheus …
AWS develops AI agents to speed up AWS ProServe consulting projects
Amazon Web Services Inc. today debuted a set of artificial intelligence agents that will help streamline the work of its professional services group. The group is known as AWS Professional Services, or ProServe for short. It helps customers move legacy workloads to …