AI startup Magic targets $1.5B valuation in funding round

AI startup Magic targets $1.5 billion valuation in upcoming funding round

US-based startup Magic, which specialises in developing artificial intelligence models for coding, is reportedly negotiating with investors for a sum exceeding $200 million as part of its latest funding round.

Three sources familiar with the deal-making who spoke to Reuters on condition of anonymity, noting that the discussions are private, expect the round to value the company at approximately $1.5 billion.

Within just a few months of its last funding, Magic is now...

Microsoft faces new EU antitrust charges over Teams

Microsoft faces new EU antitrust charges over Teams app

The European Commission has accused Microsoft of illegally tying its chat and video app Teams with its popular Office package.

The recent antitrust complaint made by rival Slack (now owned by Salesforce) might result in a hefty fine for Microsoft if it is found guilty of these alleged antitrust breaches. The company faces a fine of 10% of its annual worldwide turnover.

The European Commission, the EU's competition watchdog, stated that Teams had been given an 'unfair...

Nokia and Google Cloud partner to equip developers with 5G app tools

Nokia and Google Cloud partner to equip developers with 5G app tools

Nokia has announced an expanded collaboration with Google Cloud aimed at equipping developers worldwide with the necessary network software tools to create innovative new 5G enterprise and consumer applications faster for their customers.

A key component is that Nokia's Network as Code platform, along with its developer portal, will now run on Google Cloud. This enhances the developer experience by providing access to Google Cloud's data, generative AI solutions, and capabilities...

GitHub Copilot gains extensions as GitHub and FileZilla face malware exploits

As GitHub Copilot gains extensions, GitHub and FileZilla face malware exploits

GitHub has announced a new feature that enables developers to extend Copilot with third-party skills, providing an extra layer of customisation.

At this year's Build conference, it announced the acquisition of a conversational assistant tool company called Semantic Machines to help enhance its products. GitHub's "AI pair programming tool," Copilot, also grabbed significant attention with the launch of its Copilot Extension. This new feature allows developers to extend Copilot...

DigitalOcean revamps App Platform, simplifying application development and deployment

DigitalOcean revamps App Platform, simplifying application development

DigitalOcean Holdings, a cloud service provider tailored for developers and growing companies, has introduced new features to its App Platform.

This platform is designed to simplify the application lifecycle through a fully managed PaaS solution. It enhances the user experience by adding more features and value, including autoscaling capabilities that allow customers to manage their applications more easily without the hassle of infrastructure management. This enables customers...

UK authority calls for integral data protection in AI amid increasing breaches

UK authority calls for integral data protection in AI amid increasing breaches

The Information Commissioner's Office (ICO), the UK authority in charge of overseeing the use and collecting of personal data, has revealed that it received reports on more than 3,000 cyber breaches in 2023. 

This figure highlights an urgent concern in the world of technology: the need for strong data protection measures, particularly in the development of AI technologies. The UK's data watchdog has issued a warning to tech companies, demanding that data protection be...