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Author Archives: Techme101
Robinhood doubles revenue as it beats third-quarter earnings expectations
CFO Jason Warnick said prediction markets and Bitstamp are generating about $100 million or more in annualized revenues.
Figma delivers strong forecast as AI draws in more customers
People are signing up for Figma to use its Make tool for generating app designs with artificial intelligence, CEO Dylan Figma said.
Lucid misses Wall Street expectations, cuts production guidance again
Lucid also said it has agreed to increase a term loan credit facility from $750 million to roughly $2 billion from Saudi Arabia’s Public Investment Fund.
Lucid Motors’ chief engineer leaves after 10 years
Eric Bach, who was once the director of engineering at Tesla, is out amid a larger executive shakeup at the company.
Cluely’s Roy Lee hints that viral hype is not enough
Lee declined to share Cluely’s financial metrics just four months after boasting how quickly the startup is growing.
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Tagged TechCrunch
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The AI Data Center Boom Is Warping the US Economy
Microsoft, Alphabet, Meta, and Amazon are investing tens of billions in data centers. AI infrastructure is now a key driver of US economic growth.
Apple nears deal to pay Google $1B annually to power new Siri, report says
Apple is turning to Google’s technology to help revamp Siri and power a slate of upcoming features for the voice assistant.
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Tagged TechCrunch
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Meet the Chinese Startup Using AI—and a Small Army of Workers—to Train Robots
AgiBot is using AI-powered robots to do new manufacturing tasks. Smarter machines may transform physical labor in China.
New bipartisan bill would require companies to report AI job losses
The AI-Related Job Impacts Clarity Act would require companies and federal agencies to submit quarterly reports of “AI-related job effects.”
IBM Confirms Layoffs Impacting Up to 5,000 Workers as It Shifts Focus to AI
IBM is cutting thousands of jobs as it pivots toward AI and software. The tech giant’s restructuring highlights a major shift in Big Tech’s new priorities. The post IBM Confirms Layoffs Impacting Up to 5,000 Workers as It Shifts Focus … Continue reading
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