Reddit shares soar 14% after company reports revenue pop in debut earnings report

Posted on May 7, 2024 by Techme101

Reddit reported a big increase in sales for the first quarter and said second-quarter revenue will jump by more than 30%, based on the midpoint of the range.

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Rivian loses $1.45 billion as cost-cutting measures continue

Posted on May 7, 2024 by Techme101

Rivian lost $1.45 billion in the first quarter, showing that its recent company-wide cost-cutting measures have a ways to go before it can approach profitability. The EV-maker brought in $1.2 billion in revenue in the period, coming in just under its record haul from the prior quarter, according to its first-quarter earnings report that was […]
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Meta’s AI tools for advertisers can now create full new images, not just new backgrounds

Posted on May 7, 2024 by Techme101

Meta claims that it has strong guardrails in place to prevent its system from generating inappropriate ad content or low-quality images.
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OpenAI Offers an Olive Branch to Artists Wary of Feeding AI Algorithms

Posted on May 7, 2024 by Techme101

ChatGPT developer OpenAI says that artists and other content owners will be able to request that their work be excluded from use in AI development. Many details of the scheme remain unclear.

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Biden signs bill to protect children from online sexual abuse and exploitation

Posted on May 7, 2024 by Techme101

On April 29, Senators Jon Ossoff (D-GA) and Marsha Blackburn (R-SC) proposed a bipartisan bill to protect children from online sexual exploitation. President Biden officially signed the REPORT Act into law on Tuesday. This marks the first time that websites and social media platforms are legally obligated to report crimes related to federal trafficking, grooming, […]
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Bloom is reinventing how e-bikes are made in the US

Posted on May 7, 2024 by Techme101

The pandemic ushered in an e-bike boom. But like so many other pandemic trends, that boom didn’t last. The last year has seen e-bike startups VanMoof and Cake file for bankruptcy amid a backdrop of micromobility doom and gloom. Tier and Dott merged. Superpedestrian closed up shop. Bird also had to go through a restructuring. […]
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How Apple’s 2024 iPads Will Benefit Working Professionals

Posted on May 7, 2024 by Techme101

At Apple’s “Let Loose” event, the company unveiled major upgrades for the iPad Pro and iPad Air, with a new Apple Pencil as icing on the cake.

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Crypto? AI? Internet co-creator Robert Kahn already did it… decades ago

Posted on May 7, 2024 by Techme101

Robert Kahn has been a consistent presence on the Internet since its creation — obviously, since he was its co-creator. But like many tech pioneers his resumé is longer than that and in fact his work prefigured such ostensibly modern ideas as AI agents and blockchain. TechCrunch chatted with Kahn about how, really, nothing has […]
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Bedrock Studio is Amazon’s attempt to simplify generative AI app development

Posted on May 7, 2024 by Techme101

Amazon is launching a new tool, Bedrock Studio, designed to let organizations experiment with generative AI models, collaborate on those models, and ultimately build generative AI-powered apps. Available in public preview starting today, the web-based Bedrock Studio — a part of Bedrock, Amazon’s generative AI tooling and hosting platform — provides what Amazon describes in […]
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Food startup Hungryroot uses AI to reduce waste, a major climate offender

Posted on May 7, 2024 by Techme101

Hungryroot, a 9-year-old startup in New York, is trying to deliver precise portions to users to cut down on waste.

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