Maria Deutscher
Latest from Maria Deutscher
IBM debuts power-efficient NorthPole machine learning processor
IBM Corp. today detailed NorthPole, an internally designed artificial intelligence chip that it says is significantly more power-efficient than competing processors. NorthPole was developed over the course of eight years by staffers at the company’s research lab in Almaden, California. The chip builds on an earlier IBM research project that produced an AI-optimized processor called ...
Chinese AI startup Zhipu raises $300M in funding
Chinese artificial intelligence developer Zhipu has raised more than 2.5 billion yuan, or $342 million, from investors since the start of the year. The company announced the fundraising milestone today. Alibaba Group Holding Ltd. and Tencent Holdings Ltd., China’s two largest tech firms, participated in the round. They were joined by handset maker Xiaomi Corp., ...
Nvidia develops AI system for programming robots
Nvidia Corp. today detailed Eureka, an artificial intelligence system that can automatically train robots to perform new tasks. In an internal evaluation, the chipmaker used Eureka to teach 10 simulated robots 29 different actions. Engineers often create simulated versions of their machines before building them to support development work. Eureka taught Nvidia’s virtual robots to ...
SAP tops third-quarter expectations thanks to cloud growth
SAP SE delivered strong financial performance in the third quarter thanks to continued demand for its cloud applications. The German software maker posted earnings for the three months ended Sept. 30 late Wednesday. In conjunction, SAP reaffirmed the full-year growth guidance that it issued earlier this year. The company estimates that its annual cloud revenue ...
New York sues the developers of the Gemini Earn crypto lending service
New York Attorney General Letitia James today sued the three companies behind Gemini Earn for allegedly defrauding investors. The companies in question are Gemini Trust Company LLC, Genesis Global Capital LLC and the latter firm’s parent organization, DCG Inc. Former Gemini Chief Executive Soichiro Moro and current DCG head Barry Silbert are also named as ...
TSMC posts quarterly profit and revenue declines but tops expectations
Shares of Taiwan Semiconductor Manufacturing Co. rose slightly today after it posted third-quarter profits and revenue that topped analyst expectations. TSMC’s upbeat 2024 outlook was likely also a factor behind its stock market gains. According to Reuters, Chief Executive Officer C. C. Wei told investors that the company is expecting a “healthy growth year.” TSMC ...
Gartner: Worldwide IT spending will top $5 trillion in 2024, up 8% over 2023
Worldwide technology spending will surpass $5 trillion for the first time in 2024, up 8% over this year, according to new Gartner Inc. research published today. Gartner releases a forecast of the coming year’s information technology spending levels every October. According to the research firm, its projections draw on data from more than 1,000 IT ...
OpenAI updates ChatGPT with Bing and DALL-E 3 integrations
OpenAI LP has added new features to its ChatGPT chatbot that will enable users to search the web with Bing and generate images. The Bing integration moved from beta into general availability on Tuesday. The new image generation capability, in turn, rolled out on Monday and is based on an artificial intelligence tool called DALL-E ...
Chip equipment supplier ASML shares slide on mixed sales forecast
ASML Holding NV, a major equipment supplier to the chip industry, today posted mixed third-quarter earnings and a 2024 sales forecast that fell short of analyst expectations. Shares of the Netherlands-based company dropped more than 4.5% on the results. ASML is the world’s top maker of lithography machines, which use light beams to carve transistors into ...
Juniper Networks debuts new firewalls and cybersecurity software
Juniper Networks Inc. today introduced new firewall appliances and software tools designed to help companies more effectively secure their infrastructure. NYSE-listed Juniper is a major provider of networking equipment. It sells routers, switches and related hardware products along with software for managing those systems. The company generated $1.43 billion in revenue last quarter, a 13% ...