SoftBank in talks to invest as much as $25B in OpenAI, report says

Posted on January 30, 2025 by Techme101

SoftBank is in talks to invest up to $25 billion in OpenAI as part of a broader partnership that could see the Japanese conglomerate spend more than $40 billion on AI initiatives with the Microsoft-backed startup, according to Financial Times. The potential investment would make SoftBank OpenAI’s largest single backer, the report said, surpassing Microsoft, […]
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Tesla’s CFO says tariffs would ‘have an impact’ on company’s profitability

Posted on January 30, 2025 by Techme101

Tesla’s finance chief said on Wednesday that the company’s profitability could take a hit if the new presidential administration implements tariffs. 

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Meta says end of fact-checking hasn’t impacted ad spend

Posted on January 30, 2025 by Techme101

Meta says its controversial decision to put an end to its fact-checking program hasn’t impacted advertiser spend. On its Q4 2024 call, Meta CFO Susan Li assured investors that advertiser demand remains strong and the company’s commitment to brand safety remains unchanged, despite the new measures. Meanwhile, CEO Mark Zuckerberg noted that the community notes […]
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Mark Zuckerberg starts Meta earnings call by praising Trump administration

Posted on January 30, 2025 by Techme101

Meta CEO Mark Zuckerberg praised the Trump administration during a call with investors on Wednesday.

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Zuck shrugs off DeepSeek, vows to spend hundreds of billions on AI

Posted on January 30, 2025 by Techme101

Meta is doubling down on AI spending despite markets briefly panicking over concerns DeepSeek will reduce AI demand.
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LinkedIn passes $2B in premium revenue in 12 months, with overall revenue up 9% on the year

Posted on January 30, 2025 by Techme101

LinkedIn, the social platform where people look for and talk about work, may be less visible in Microsoft’s earnings compared to the years when it was an independent company. But around earnings time, LinkedIn often reveals some figures that point to how it continues to grow.  On Wednesday, as Microsoft reported its Q2 numbers, the […]
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Meta’s Reality Labs posts $5 billion loss in fourth quarter

Posted on January 29, 2025 by Techme101

Meta’s Reality Labs unit recorded an operating loss of $4.97 billion while generating $1.1 billion in sales during the fourth quarter.

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UK’s first smartphone video call via satellite made from Welsh mountain

Posted on January 29, 2025 by Techme101

Vodafone says the tech could lead to the elimination of “not spots”, which cover an estimated 9% of the UK.

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Elon Musk claims Tesla will launch a self-driving service in Austin in June

Posted on January 29, 2025 by Techme101

Tesla CEO Elon Musk said Wednesday that his company will launch a paid ride-hailing robotaxi service in Austin, Texas this coming June, the latest in a long line of sky-high promises he has yet to meet about autonomy. Musk was unsurprisingly light on details. He said that there will be no people in the cars, […]
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Threads adds another 20M monthly users since December, reaching 320M

Posted on January 29, 2025 by Techme101

Threads, Meta’s microblogging service, is growing at a fast pace as users gravitate to the app over rivals like X. During the company’s fourth-quarter earnings presentation on Wednesday, CEO Mark Zuckerberg revealed that Threads now has 320 million monthly active users (MAUs), up from 300 million last month. The app had 275 million monthly active […]
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