Tech Meme

Lawrence Abrams / BleepingComputer: Sources: Scattered Spider carried out a ransomware attack on UK retailer M&S, which employs 64K+ in 1,400 stores, that caused huge disruption starting April 22  —  Ongoing outages at British retail giant Marks & Spencer are caused by a ransomware attack believed to be conducted … Lees verder op Tech Meme

Jay Peters / The Verge: Duolingo CEO Luis von Ahn says the company will “gradually stop using contractors to do work that AI can handle”, as part of an announcement to be “AI-first”  —  The company is going to be ‘AI-first,’ says its CEO. … Duolingo will “gradually stop using contractors … Lees verder op Tech Meme

Paige Smith / Bloomberg: PayPal reports Q1 net revenue up 1% YoY to $7.8B, transaction margin dollars up 7% to $3.7B, above est., TPV up 3% to $417.2B, and active accounts up 2% to 436M  —  PayPal Holdings Inc. beat analysts’ estimates on a key profitability gauge, another sign of progress for Chief Executive Officer Alex Chriss’s turnaround plan. Lees verder op Tech Meme

Ingrid Lunden / TechCrunch: Helsinki-based IXI, which is building low-power glasses that can autofocus to a user’s prescription, emerges from stealth and raised a $36.5M Series A  —  Blink and you’ll miss it: A startup out of Finland is taking a new look at the market for prescription eyewear. Lees verder op Tech Meme

Anna Edgerton / Bloomberg: Washington state lawmakers pass new taxes amid a record budget deficit, targeting Amazon, Microsoft, and others to raise $9B+; Gov. Bob Ferguson can now sign  —  New taxes passed in the final days of Washington’s legislative session seek to bridge a record budget deficit by shifting … Lees verder op Tech Meme

Rafe Uddin / Financial Times: Sources: Amazon is seeking steep supplier discounts and setting tough terms to protect margins amid US tariffs, following its playbook from Trump’s first term  —  Trade war leads ecommerce group to seek steep discounts from sellers, particularly from China  —  Amazon is seeking steep discounts … Lees verder op Tech Meme

Kyle Wiggers / TechCrunch: Hugging Face releases SO-101, a programmable, 3D-printable robotic arm that can pick up and place objects, costing $100 to $500 depending on the supplier  —  Hugging Face, the startup best known for the AI developer platform of the same name, is selling a programmable, 3D-printable robotic arm … Lees verder op Tech Meme

Punchbowl News: Source: Amazon plans to soon show how much President Trump’s tariffs are adding to the price of each product next to its total listed price  —  Amazon to display tariff costs for consumers  —  Schatz moves quickly to lock up whip race  —  Gaming out reconciliation Lees verder op Tech Meme

Anna Nicolaou / Financial Times: Spotify reports Q1 revenue up 15% YoY to €4.2B, subscribers up 12% YoY to 268M, above its 265M guidance, MAUs up 10% YoY to 678M, and a €509M operating income  —  Music-streaming group reaches 268mn paying subscribers in strongest first-quarter growth since 2020 Lees verder op Tech Meme

Jonathan Vanian / CNBC: NXP says CEO Kurt Sievers plans to retire at the end of 2025, names Rafael Sotomayor as president, and reports Q1 revenue down 9% YoY to $2.84B; NXPI drops 7%+  —  NXP Semiconductor Inc. fell about 8% on Monday after the chip company announced that CEO Kurt Sievers will step down as part of its latest earnings. Lees verder op Tech Meme