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Category Archives: Tech
Netflix shares jump 5% in premarket after third-quarter earnings beat
Netflix saw momentum in its ad-supported membership tier, which jumped 35% quarter-over-quarter.
After rejecting Google takeover, cyber firm Wiz says it will IPO ‘when the stars align’
Wiz is hoping to achieve $1 billion in annual recurring revenue in 2025 — a key condition the company wants to meet before going public.
Byju’s founder says his edtech startup, once worth $22B, is now ‘worth zero’
Byju Raveendran, the founder of the embattled edtech group Byju’s, acknowledged on Thursday afternoon that he made mistakes, mistimed the market, overestimated growth potential and that his startup, once valued at $22 billion, is now effectively worth “zero.” Speaking to … Continue reading
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The surprising way OpenAI could reportedly get out of its pact with Microsoft
The New York Times on Thursday published a look at the “fraying” relationship between OpenAI and its investor, partner, and, increasingly, rival, Microsoft, reporting their five-year romance has cooled owing to financial pressure on OpenAI, the amount of computing power … Continue reading
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Former watch trader is now building the AWS of grid storage, Terralyr
The startup’s technology is a twist on the virtual power plant concept, in which batteries are aggregated and portions of the whole are sold off to various customers. © 2024 TechCrunch. All rights reserved. For personal use only.
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Intel seeks billions for minority stake in Altera business, sources say
This move that would represent a sharp about face from its earlier public messaging about the larger company’s prospects.
Amazon indicates employees can quit if they don’t like its return-to-office mandate
AWS CEO Matt Garman has harsh words for remote workers: return to the office or quit. The Amazon executive recently told employees who don’t like the new five-day in-person work policy that, “there are other companies around,” presumably companies they … Continue reading
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Amazon cloud boss says employees unhappy with 5-day office mandate can leave
Amazon’s cloud boss on Thursday told employees who are unhappy with the company’s new five-day in-office mandate they can leave for other companies.
Intel says it has no plans to divest majority stake in Mobileye
Reuters was first to report on Intel’s decision not to divest its majority stake in Mobileye, boosting the Israeli company’s shares by over 16%. Mobileye shares, which have dropped 73% this year, took a beating earlier in the month after … Continue reading
Meta fires staff for buying toothpaste, not lunch
Meta workers reportedly used vouchers that should have been spent on meals to buy household goods.