Spotify shares pop 10% after company reports first profitable year

Posted on February 4, 2025 by Techme101

The music streaming company said it paid a record $10 billion in royalties to the music industry in 2024.

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Spotify reports its first full year of profitability, adds 35M monthly active users

Posted on February 4, 2025 by Techme101

On Tuesday morning, Spotify announced its fourth-quarter earnings, marking its first full year of profitability since its inception 17 years ago. The operating income for the quarter reached a record €477 million ($509.48 million) and amounted to €1.4 billion ($1.495 billion) for the 2024 fiscal year. Spotify also reported an addition of 35 million monthly […]
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OpenAI’s Operator agent helped me move, but I had to help it, too

Posted on February 4, 2025 by Techme101

OpenAI gave me one week to test its new AI agent, Operator, a system that can independently do tasks for you on the internet. Operator is the closest thing I’ve seen to the tech industry’s vision of AI agents — systems that can automate the boring parts of life, freeing us up to do the […]
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Trump’s Plan to Make European Cars More Expensive Has a Fatal Flaw

Posted on February 4, 2025 by Techme101

President Trump’s threat of 25 percent tariffs on EU car imports could spark an automotive trade war—one that will result in higher prices for all and never end in European consumers buying more American autos.

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Chris Anderson Is Giving TED Away to Whoever Has the Best Idea for Its Future

Posted on February 4, 2025 by Techme101

In an exclusive interview with WIRED, the British entrepreneur shares why it’s time to move on from TED.

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Palantir soars 27% to record high as AI powers strong earnings and guidance

Posted on February 4, 2025 by Techme101

Palantir surged more than 27% on robust fourth-quarter results and guidance.

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Australia bans DeepSeek on government devices over security risk

Posted on February 4, 2025 by Techme101

The Australian government says the Chinese AI app is a threat to it and its assets.

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Snap unveils AI text-to-image model for mobile devices

Posted on February 4, 2025 by Techme101

Snap has unveiled an AI text-to-image model for mobile devices that will power some of Snapchat’s features in the coming months. The company said on Tuesday that the model can produce high-resolution images in around 1.4 seconds on an iPhone 16 Pro Max.  The new diffusion model runs entirely on the device, which reduces computational […]
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LinkedIn amps up vertical video tools as uploads jump 36%

Posted on February 4, 2025 by Techme101

Video reigns supreme on social media like TikTok, Instagram, and YouTube. And now, video is becoming a bigger business for LinkedIn.  The Microsoft-owned social network for the working world has yet to go full TikTok. But with a big boost of usage — today it said that video uploads jumped by 36% compared to last […]
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Canada’s StackAdapt snaps up $235M for its AI-based programmatic platform

Posted on February 4, 2025 by Techme101

While the U.S. and Canada duke it out over tariffs between the two countries, a tech company based out of Toronto is announcing a major round of funding led by a homegrown VC. StackAdapt, a programmatic advertising startup, says that it has raised $235 million in equity funding, with Teachers’ Venture Growth (TVG) — the […]
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