Apple is reportedly losing $1B per year on its streaming service

Posted on March 20, 2025 by Techme101

Apple is losing more than $1 billion per year on its streaming service, Apple TV+, according to a new report from The Information. Apple TV+ is the only service in Apple’s portfolio that isn’t profitable, the report reveals. The company has spent around $5 billion on content each year since the streaming service launched in […]
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Micron shares jump on earnings beat, rosy guidance as data center revenue triples

Posted on March 20, 2025 by Techme101

Micron shares rose in extended trading Thursday after the company reported better-than-expected results and issued guidance that topped estimates.

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A high schooler built a website that lets you challenge AI models to a Minecraft build-off

Posted on March 20, 2025 by Techme101

As conventional AI benchmarking techniques prove inadequate, AI builders are turning to more creative ways to assess the capabilities of generative AI models. For one group of developers, that’s Minecraft, the Microsoft-owned sandbox-building game. The website Minecraft Benchmark (or MC-Bench) was developed collaboratively to pit AI models against each other in head-to-head challenges to respond […]
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North Korea launches new unit with a focus on AI hacking, per report

Posted on March 20, 2025 by Techme101

North Korea is reportedly launching a new cybersecurity unit called Research Center 227 within its intelligence agency Reconnaissance General Bureau (RGB).
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Abu Dhabi’s ADQ and American private equity firm ECP make $25 billion bet on powering U.S. data centers

Posted on March 20, 2025 by Techme101

The UAE has worked to strengthen ties with the U.S. on AI, and is seeking greater access to American technology in order to build its own infrastructure.

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Google’s Pixel 9a: Best Camera Phone Under $500

Posted on March 20, 2025 by Techme101

The Pixel 9a features Gemini Nano and Gemini Live for real-time AI interactions. Soon, Gemini Advanced users can share their screen or camera for deeper engagement.

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Gwyneth Paltrow says Goop is growing just fine

Posted on March 20, 2025 by Techme101

Gwyneth Paltrow gave an update on her company Goop in a cover story for Vanity Fair.  Paltrow founded the lifestyle brand Goop in 2008 and it has raised more than $140 million from investors including Greycroft and G9 Ventures, according to Pitchbook. The brand is often regarded as one of the first examples of a […]
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Perplexity is reportedly in talks to raise up to $1B at an $18B valuation

Posted on March 20, 2025 by Techme101

AI-powered search startup Perplexity is said to be in early talks to raise up to $1 billion in a new funding round valuing the startup at $18 billion. Bloomberg, citing a person familiar with the matter, reported on Thursday that Perplexity’s annual recurring revenue has now reached $100 million. Perplexity’s valuation has soared in recent […]
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Nvidia CEO Huang says he was wrong about timeline for quantum, surprised his comments hurt stocks

Posted on March 20, 2025 by Techme101

Nvidia CEO Jensen Huang admitted at his company’s “Quantum Day” that his prior comments about quantum computing came out wrong.

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Next Insurance gets scooped up by Munich Re for $2.6B

Posted on March 20, 2025 by Techme101

Germany’s Munich Re has signed a definitive agreement to acquire digital insurance company Next Insurance for $2.6 billion, the firms announced on Thursday. Founded in 2016, Palo Alto-based Next Insurance is focused on providing insurance to small-to-medium-sized businesses. It was last valued at $2.5 billion in late 2023 when it raised $265 million. Next Insurance’s […]
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