Cisco shares head for best day since 2020 on earnings beat, plans to cut 7% of workforce

Posted on August 15, 2024 by Techme101

Cisco shares jumped on Thursday and were on pace for their best day since March 2020, after the networking company announced layoffs and an earnings beat.

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Announcing judges for the Startup Battlefield at TechCrunch Disrupt 2024

Posted on August 15, 2024 by Techme101

The Startup Battlefield is one of the highlights of Disrupt, and we can’t wait to see which of the thousands of applicants will be selected to pitch to panels of top-tier VCs at TechCrunch Disrupt 2024, taking place on October 28–30 in San Francisco. It’s always epic, and every contender is on the road to making a […]
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From Lauri Moore to Vic Singh, venture capitalists continue to play musical chairs

Posted on August 15, 2024 by Techme101

When Keith Rabois announced he was leaving Founders Fund to return to Khosla Ventures in January, it came as a shock to many in the venture capital ecosystem — and not just because Rabois is a big name in the industry. It was surprising because unlike in many other fields, venture capitalists don’t traditionally move […]
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Bowling, Selfies and the ‘Dougie’: Biden Woos Influencers at the White House

Posted on August 15, 2024 by Techme101

For its first conference on the creator economy, the Biden administration celebrated social media creators. The president lauded them as a “breakthrough in how we communicate.”

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Cisco to Cut About 7% of Staff in Second Round of Job Layoffs

Posted on August 15, 2024 by Techme101

The cuts could amount to about 6,000 jobs for the San Jose, Calif., maker of computer networking technology.

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Epic Games’ ‘MegaGrant’ makes EU alternative app store, AltStore PAL, available for free

Posted on August 15, 2024 by Techme101

AltStore PAL, an app that takes advantage of the EU’s Digital Markets Act (DMA) to bring a third-party app store to EU users, is now available for free, thanks to Epic Games. The app maker announced via social media posts on Wednesday it’s the latest recipient of a “MegaGrant” monetary award from Fortnite maker Epic Games, […]
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CodeRabbit raises $16M to bring AI to code reviews

Posted on August 15, 2024 by Techme101

Code reviews — peer reviews of code that help devs improve code quality — are time-consuming. According to one source, 50% of companies spend two to five hours a week on them. Without enough people, code reviews can be overwhelming and take devs away from other important work. Harjot Gill thinks that code reviews can be […]
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Tech firm apologises for hostess lampshade outfits

Posted on August 15, 2024 by Techme101

The company-branded lampshades, which obscured the women’s faces, have been called “creepy” and “sexist.”

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Teradata: Generative AI Projects Risk Failure Without Business Executive Understanding

Posted on August 15, 2024 by Techme101

Teradata’s Chris Hillman believes that many AI initiatives are failing because business executives do not understand them.

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TipRanks, an AI-based stock tip evaluator created after its founder got burned by bad advice, sells for $200M to Prytek

Posted on August 15, 2024 by Techme101

Prytek had already been a big investor in TipRanks since 2017, most recently leading a $77 million round in the company in 2021.
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