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Author Archives: Techme101
CNBC Daily Open: All about Trump-Xi, Fed cuts and Big Tech earnings
The crux is that spending on artificial intelligence isn’t going to slow down, at least for the next year, thanks to increasing demand for AI services.
IntrCity SmartBus lands $30M at $140M valuation to deepen its grip on India’s intercity travel market
IntrCity SmartBus grew revenue by 67% last year and is targeting full profitability this year, as intercity travel booms across India.
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Tagged TechCrunch
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Peaky Blinders producer Banijay seals $5B deal to create gambling giant
The producers of hit shows like The Peaky Blinders have put pen to paper on a £4 billion ($5.28 billion) gambling deal. Banijay Group (Banijay) is responsible for the Cillian Murphy-led gangster show, alongside other television brands like Big Brother … Continue reading
Meta, Google, and Microsoft Triple Down on AI Spending
Three of the biggest US tech companies reported record profits and record infrastructure spending on Wednesday, fueling speculation about a possible AI market bubble.
CNBC Daily Open: Capex is the number to look at amid Big Tech earnings
The crux is that spending on artificial intelligence isn’t going to slow down, at least for the next year, thanks to increasing demand for AI services.
Wall Street hates Meta’s AI spending guidance raise. We don’t
The pressure on Meta stock was almost certainly due to management’s expense guidance raise.
India’s Snabbit valuation doubled to $180M in 5 months on its quick house-help bet
Snabbit has raised its third funding round in nine months.
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Tagged TechCrunch
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Samsung’s third-quarter profit more than doubles, beating estimates as chip recovery gathers pace
Samsung Electronics reported a rebound in earnings on Thursday, with operating profit more than doubling from the previous quarter.
Cluely’s Roy Lee on the ragebait strategy for startup marketing
Cluely’s Roy Lee has a message for startup founders: you should be thinking harder about how to go viral.
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Tagged TechCrunch
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Fund managers reveal their bubble recipes and what to watch for as AI stocks soar
“Fundamentals and valuations can only be ignored for so long,” one portfolio manager told CNBC.