European embedded banking startup Swan adds another $44 million to its Series B

Posted on January 30, 2025 by Techme101

French startup Swan has raised another €42 million (around $44 million at current exchange rates). The company considers this round as the second part of the Series B round that was originally announced in September 2024. Swan helps other companies offer financial products at scale. The company can generate both virtual and physical cards that […]
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Tesla reports $600 million bitcoin profit jump after digital assets rule change

Posted on January 30, 2025 by Techme101

A recent change in the rules for how companies account for digital assets led Tesla to report a $600 million mark-to-market gain.

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Zuckerberg says Meta won’t slow down AI spend despite DeepSeek’s breakthrough

Posted on January 30, 2025 by Techme101

Meta CEO Mark Zuckerberg said China-based DeepSeek has created a powerful artificial intelligence model, but it won’t likely curb Meta’s AI spending.

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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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