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Category Archives: Tech
Amazon falls short on cloud revenue for third straight quarter
Amazon continues to invest in infrastructure to run artificial intelligence models from Anthropic and other clients.
Airbnb issues disappointing revenue guidance for second quarter
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.
Reddit shares rocket as high as 19% on strong sales and guidance
Shares of Reddit rose as high as 19% in after-hours trading after the social media company reported strong revenue and guidance on Thursday.
Amazon’s ad business grew 19% in first quarter, topping estimates
Revenue in Amazon’s online ad business, which has emerged as a force in digital advertising, increased 19% in the first quarter.
Rising star defense tech startup Mach Industries is raising $100 million, sources say
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
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
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
‘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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May Mobility to launch robotaxis on Uber platform this year in Texas
Startup May Mobility plans to deploy its autonomous vehicles on the Uber platform by the end of 2025, starting in Arlington, Texas, as part of a multi-year partnership. The tie-up with Uber offers May Mobility a chance to grow beyond … Continue reading
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Nvidia takes aim at Anthropic’s support of chip export controls
Nvidia clearly doesn’t agree with Anthropic’s support for export controls on U.S.-made AI chips. On Wednesday, Anthropic doubled down on its support for the U.S. Department of Commerce’s “Framework for Artificial Intelligence Diffusion,” which would impose sweeping AI chip export … Continue reading
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