Author Archives: Techme101

Apple CEO Tim Cook says tariffs to add only $900M in costs in Q3, but future uncertain

Posted on May 1, 2025 by Techme101

Apple CEO Tim Cook commented on the impact of President Trump’s tariffs during Thursday’s second-quarter earnings call with investors. While the iPhone maker saw only “limited impact” from tariffs in the March quarter, Cook said Apple couldn’t forecast what that … Continue reading →

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Block shares plunge 15% as company takes ‘cautious stance,’ issues weak guidance for year

Posted on May 1, 2025 by Techme101

Block reported weaker-than-expected revenue for the first quarter.

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Amazon falls short on cloud revenue for third straight quarter

Posted on May 1, 2025 by Techme101

Amazon continues to invest in infrastructure to run artificial intelligence models from Anthropic and other clients.

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Airbnb issues disappointing revenue guidance for second quarter

Posted on May 1, 2025 by Techme101

Airbnb’s results for the first quarter were mostly in line with estimates, but the company’s forecast for the current period was weaker than expected.

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Reddit shares rocket as high as 19% on strong sales and guidance

Posted on May 1, 2025 by Techme101

Shares of Reddit rose as high as 19% in after-hours trading after the social media company reported strong revenue and guidance on Thursday.

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Amazon’s ad business grew 19% in first quarter, topping estimates

Posted on May 1, 2025 by Techme101

Revenue in Amazon’s online ad business, which has emerged as a force in digital advertising, increased 19% in the first quarter.

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Rising star defense tech startup Mach Industries is raising $100 million, sources say

Posted on May 1, 2025 by Techme101

Mach Industries, the defense tech founded by 21-year-old Ethan Thornton, is about to close a fresh $100 million in financing co-led by new investor Khosla and existing investor Bedrock Capital, a source familiar with the deal tells TechCrunch. The new … Continue reading →

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Peacock trained TikTokers to make content, and now four creators are getting original series

Posted on May 1, 2025 by Techme101

Three years ago, a group of TikTokers joined NBCUniversal’s new initiative aimed at transforming social media influencers into the next generation of TV show creators.  Now, four of these creators are set to launch their original series on Peacock.  According … Continue reading →

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Fintech Bench conducts layoff while others still work month-to-month

Posted on May 1, 2025 by Techme101

Bench, the accounting and tax startup that was bought in a fire sale last December, has conducted a round of significant layoffs, it confirmed to TechCrunch. Bench didn’t specify how many people were affected, but one person who works there … Continue reading →

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Ai2’s new small AI model outperforms similarly-sized models from Google, Meta

Posted on May 1, 2025 by Techme101

‘Tis the week for small AI models, it seems. On Thursday, Ai2, the nonprofit AI research institute, released Olmo 2 1B, a 1-billion-parameter model that Ai2 claims beats similarly-sized models from Google, Meta, and Alibaba on several benchmarks. Parameters, sometimes … Continue reading →

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