SoftBank could soon buy Renee James’ Ampere chip company for about $6.5B

Posted on February 6, 2025 by Techme101

And it’s the latest in an ongoing saga over the company’s future ownership.
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US Shoppers Face Fees of Up to $50 or More to Get Packages From China

Posted on February 6, 2025 by Techme101

Consumers and small businesses are already feeling the impact of President Donald Trump’s new tariffs, which eliminated a key trade exemption for parcels worth less than $800.

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Sonos lays off 200 ahead of rumored set-top box release

Posted on February 6, 2025 by Techme101

Sonos announced that it has laid off 200 people in a letter posted to its site Wednesday. The news follows a 100-person layoff in August. Both rounds arrive in the wake of a disastrously botched update to the Sonos app that alienated broad swaths of the premium audio hardware firm’s extremely loyal fanbase. The new […]
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Researchers created an open rival to OpenAI’s o1 ‘reasoning’ model for under $50

Posted on February 6, 2025 by Techme101

AI researchers at Stanford and the University of Washington were able to train an AI “reasoning” model for under $50 in cloud compute credits, according to a new research paper released last Friday. The model known as s1 performs similarly to cutting-edge reasoning models, such as OpenAI’s o1 and DeepSeek’s R1, on tests measuring math […]
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Fiserv shares rally to record on earnings beat, bullish revenue outlook

Posted on February 5, 2025 by Techme101

Shares of payments company Fiserv rose to a record on Wednesday after reporting better-than-expected earnings.

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Salesforce picks board member Robin Washington to be its next finance and operating leader

Posted on February 5, 2025 by Techme101

A veteran finance executive, Robin Washington has been on Salesforce’s board of directors for over a decade.

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Scout Motors sued over plan to sell EVs direct to consumers

Posted on February 5, 2025 by Techme101

Scout Motors’ plan to eschew traditional dealerships and sell EVs directly to consumers is running into legal trouble. A group of Volkswagen and Audi dealers filed a lawsuit this week against Scout Motors, the EV that spun out of Volkswagen. The lawsuit, which was first reported by Automotive News, seeks to block Scout’s direct-to-consumer sales […]
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Bench burned through $135 million before shutting down

Posted on February 5, 2025 by Techme101

A clearer picture of Bench’s downfall is emerging thanks to new bankruptcy filings, which show the accounting startup burned $135 million before collapsing.
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Qualcomm tops estimates for earnings and revenue on strong smartphone demand

Posted on February 5, 2025 by Techme101

Qualcomm reported first-quarter earnings on Wednesday that beat consensus expectations on both the top and bottom line.

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CISA Adds Four Vulnerabilities to Catalog for Federal Enterprise

Posted on February 5, 2025 by Techme101

CISA adds four new vulnerabilities to its catalog, urging agencies to remediate risks. Learn about the latest exploits and how they impact enterprise security.

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