Author: Benjamin Clarke

Summation co-founders Ramachandran “RC” Ramarathinam (left) and Ian Wong. (Summation Photograph) Seattle-area startup Summation has come out of stealth with $35 million in funding from Benchmark and Kleiner Perkins, aiming to remodel how executives make high-stakes enterprise selections. Based in 2024 and primarily based in Bellevue, Wash., Summation describes itself as a “decision-grade AI platform” that helps enterprise leaders draw insights from massive volumes of inner knowledge. Summation’s platform sits on prime of information methods and runs huge calculations robotically, testing completely different situations and utilizing AI brokers to discover completely different questions in parallel. The software program additionally automates…

Judson Althoff, a 12-year veteran of Microsoft, was simply named CEO of its industrial enterprise underneath a management restructuring designed to liberate Microsoft CEO Satya Nadella to focus extra on the corporate’s long-term tech ambitions. (GeekWire File Photograph / Kevin Lisota) Microsoft CEO Satya Nadella is naming one of many firm’s high executives to a fair larger function, and redefining his personal job in a brand new effort to capitalize on the AI revolution. Judson Althoff, a 12-year Microsoft government who has spent 9 years main the corporate’s industrial gross sales group, will tackle the newly created place of CEO…

Phaidra leaders, from left: CTO Vedavyas Panneershelvam, CEO Jim Gao, and COO Katherine Hoffman. (Phaidra Picture) Phaidra, a Seattle startup utilizing synthetic intelligence to make information heart operations extra power environment friendly, in the present day announced $50 million in new funding. The corporate is creating AI brokers to coordinate the electrical energy, liquid cooling and workload administration methods at information facilities so the amenities carry out at ranges “that exceed the aptitude of human instinct or hard-coded controls logic,” Phaidra leaders explain. The startup, led by alums from Alphabet’s AI analysis hub DeepMind, launched in 2019. Its know-how makes use…

CMS has simply launched details about Medicare Half D plans for 2026, together with plan availability and premiums for the approaching 12 months. As this 12 months’s Medicare open enrollment interval approaches, there’s some excellent news for Medicare Half D enrollees in terms of month-to-month PDP premiums – lower on average, according to CMS – whilst the full variety of PDPs accessible drops but once more. The headline of CMS’s press release emphasized stability within the Half D market, however a fast evaluate of the information exhibits that the full variety of stand-alone drug plans accessible in 2026 will fall…

Temporal CEO Samar Abbas. (LinkedIn Picture) Temporal, a developer instruments startup based mostly in Seattle, closed a $105 million secondary transaction led by GIC, pushing its valuation to $2.5 billion. Tiger International and Index Ventures additionally participated within the deal. That’s a bump up from its beforehand disclosed valuation of $1.72 billion, when the corporate raised a $146 million Collection C spherical earlier this yr. A secondary increase is a transaction during which shareholders promote current shares to new or current backers. It indicators continued investor conviction even and not using a recent main increase. Based in 2019, Temporal’s open-source…

Medicare Half D is a voluntary outpatient prescription drug profit for folks with Medicare supplied via non-public plans that contract with the federal authorities. Beneficiaries can select to enroll in both a stand-alone prescription drug plan (PDP) to complement conventional Medicare or a Medicare Advantage drug plan (MA-PD) that features drug protection and all different Medicare-covered advantages. This temporary gives an summary of the Medicare Half D program, plan availability, enrollment, and spending and financing, based mostly on KFF evaluation of knowledge from the Facilities for Medicare & Medicaid Providers (CMS) and different sources. It additionally gives an summary of…

This story first appeared on Real Estate News. 5 states together with Washington are suing Zillow and Redfin over a rental listings settlement the businesses reached earlier this yr — simply in the future after the Federal Trade Commission filed its own lawsuit towards the house search giants. The brand new grievance was filed on Oct. 1 within the U.S. District Court docket for Japanese Virginia. How we received right here: On Feb. 11, Zillow and Redfin mentioned they’d reached a deal to make Zillow the unique multifamily rental listings supplier for Redfin’s household of internet sites, which embody Lease.com and ApartmentGuide.com. A news release on the…

Rohit Prasad, Amazon’s senior vice chairman and head scientist for synthetic common intelligence, left, speaks on the Madrona IA Summit in Seattle with Madrona’s S. “Soma” Somasegar. (GeekWire Photograph / Todd Bishop) Amazon is utilizing its large assortment of inner providers and functions as “reinforcement studying gyms” to coach its subsequent era of synthetic intelligence, in accordance with the chief main the corporate’s centralized AI improvement efforts.  The technique is essential to constructing “extra common intelligence techniques that may simply escape of the field and might study a brand new activity with minimal enter,” stated Rohit Prasad, Amazon’s senior vice…

(Picture by Microsoft 365 on Unsplash) Washington’s growth of retail gross sales tax to a variety of companies went into impact Wednesday, reshaping how corporations throughout tech, advertising, and nonprofit sectors invoice for every little thing from digital promoting to customized software program and IT assist. Corporations have been scrambling to determine how they’re affected by Senate Bill 5814 because it was handed within the last days of the legislative session earlier this yr. The legislation reclassifies a number of actions as retail gross sales. Sellers should now cost gross sales tax on promoting companies, IT companies, customized web site…

Ebb Carbon’s Challenge Macoma carbon removing demonstration challenge in Port Angeles, Wash. (Ebb Carbon Picture) Ebb Carbon has launched its marine carbon removing pilot challenge on Washington’s Olympic Peninsula within the metropolis of Port Angeles. The startup makes use of an electrochemical course of to create seawater that’s chemically extra primary than acidic. The essential or alkaline water can seize carbon from the ocean and safely retailer it. The technique additionally helps fight ocean acidification that sours seawater and may hurt or kill marine life. Ebb Carbon has been testing its technology for 2 years in close by Sequim Bay…