Category Archives: Tech

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Mark Zuckerberg says Threads has 150 million monthly active users

Posted on April 25, 2024 by Techme101

Meta’s Twitter/X rival Threads is growing at a stable pace. The social network now has more than 150 million monthly active users — up from 130 million in February — Mark Zuckerberg mentioned during the company’s Q1 2024 earnings call. … Continue reading →

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Xaira, an AI drug discovery startup, launches with a massive $1B, says it’s ‘ready’ to start developing drugs

Posted on April 25, 2024 by Techme101

Advances in generative AI have taken the tech world by storm. Biotech investors are making a big bet that similar computational methods could revolutionize drug discovery. On Tuesday, ARCH Venture Partners and Foresite Labs, an affiliate of Foresite Capital, announced … Continue reading →

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US TikTok ban would be ‘devastating’, UK firms warn

Posted on April 25, 2024 by Techme101

UK businesses using TikTok say they could see a significant drop in sales if the app is banned in the US.

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Meta shares sink after it reveals spending plans

Posted on April 25, 2024 by Techme101

The firm said expenses would be higher this year as it spends heavily on artificial intelligence.

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Anduril moves ahead in Pentagon program to develop unmanned fighter jets

Posted on April 25, 2024 by Techme101

Anduril Industries has taken another step forward in its quest to become the next great American prime, this time by beating out major defense companies to develop and test small unmanned fighter jet prototypes. The venture capital darling beat out … Continue reading →

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Meta shares plunge on weak revenue guidance even as first-quarter results top estimates

Posted on April 24, 2024 by Techme101

Meta beat on the top and bottom lines in its earnings report on Wednesday, but the stock sank on disappointing guidance.

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Meta’s Reality Labs posts $3.85 billion loss in first quarter

Posted on April 24, 2024 by Techme101

Mark Zuckerberg’s bet on the metaverse continues to be a money-bleeding endeavor, with the unit reporting billions of dollars in losses every quarter.

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IBM to acquire HashiCorp in $6.4 billion deal, reports another revenue miss

Posted on April 24, 2024 by Techme101

IBM said it would buy HashiCorp, a cloud software maker that’s growing at a faster pace. IBM reported its third revenue miss in five quarters.

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IBM moves deeper into hybrid cloud management with $6.4B HashiCorp acquisition

Posted on April 24, 2024 by Techme101

IBM wisely gravitated away from trying to be a pure cloud infrastructure vendor years ago, recognizing that it could never compete with the big three: Amazon, Microsoft and Google. It has since moved onto helping IT departments manage complex hybrid … Continue reading →

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Rabbit’s R1 is a little AI gadget that grows on you

Posted on April 24, 2024 by Techme101

If there’s one overarching takeaway from last night’s Rabbit R1 launch event, it’s this: Hardware can be fun again. After a decade of unquestioned smartphone dominance, there is, once again, excitement to be found in consumer electronics. The wisdom and … Continue reading →

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