Apple tops 1 billion subscriptions, nearly $100 billion in services revenue in 2024

Posted on January 31, 2025 by Techme101

Apple’s iPhone sales may be down, but the company’s Services division, which includes the App Store, iCloud, Music, TV+, and other subscriptions, is still soaring. The Cupertino-based tech giant reported Thursday its Services business had an all-time revenue high of $26.3 billion for the quarter ended December 28, up 14% year-over-year. Services generated nearly $100 […]
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Apple’s gross margin hits record as services business keeps growing

Posted on January 30, 2025 by Techme101

As services become a bigger part of Apple’s business, the company continues to deliver higher profit margins for investors.

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Google quietly announces its next flagship AI model

Posted on January 30, 2025 by Techme101

Google has quietly announced the launch of its next-gen flagship AI model, Gemini 2.0 Pro Experimental, in a changelog for the company’s Gemini chatbot app. The launch of Gemini 2.0 Pro Experimental, the successor the Gemini 1.5 Pro model Google launched last February, comes as the tech world remains fixated on Chinese AI startup DeepSeek. […]
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Intel won’t bring its Falcon Shores AI chip to market

Posted on January 30, 2025 by Techme101

Intel is effectively killing Falcon Shores, its next-generation GPU for high-performance computing and AI workloads. The move comes as Intel tries to correct course after a number of disappointing product launches and historic losses, while competitors like AMD and Nvidia gain ground. Intel co-CEO Michelle Johnston Holthaus said during the company’s fourth-quarter earnings call Thursday, […]
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Intel issues weak forecast, citing seasonality and an uncertain economy

Posted on January 30, 2025 by Techme101

Intel said seasonality, competition and an uncertain economy are resulting in challenges to its business.

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OpenAI in talks to raise funding that would value AI startup at up to $340 billion

Posted on January 30, 2025 by Techme101

SoftBank would contribute as much as $25 billion to OpenAI’s funding round and become the largest investor.

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OpenAI said to be in talks to raise $40B at a $340B valuation

Posted on January 30, 2025 by Techme101

OpenAI may have billions of dollars in the bank. But it’s gearing up to raise billions more, according to a report from The Wall Street Journal. Per The WSJ, OpenAI is in talks to secure up to $40 billion in a funding round that would value the startup at $340 billion. SoftBank would lead the […]
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Controversial genetics testing startup Nucleus Genomics raises $14M Series A 

Posted on January 30, 2025 by Techme101

The company, founded by 25-year-old Kian Sadeghi, announced a $14 million Series A, bringing its total funding to about $32 million.
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Meta Is Dismantling DEI Programs, but Tells Investors It Still Wants ‘Cognitive Diversity’

Posted on January 30, 2025 by Techme101

Cuts to diversity programs and other policy changes have frustrated some of Meta’s workers. One former employee calls it “a slow, painful death.”

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a16z has venture scouts scattered across Europe

Posted on January 30, 2025 by Techme101

Despite news that Andreessen Horowitz closed its London crypto-focused office, the VC reportedly still has dozens of scouts in Europe looking for startups.
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