Tech Meme

Ilya Banares / Bloomberg: Shopify reports Q1 revenue up 25% YoY to $1.5B, above $1.43B analyst estimates, GMV up 15% to $49.6B, and plans to cut 20% of its staff; SHOP jumps 20%+  —  Shopify Inc. cut jobs for the second time in less than a year and agreed to sell the majority of its logistics business to Flexport Inc … Lees verder op Tech Meme

Kyle Wiggers / TechCrunch: Hugging Face and ServiceNow Research release StarCoder, a free alternative to code-generating AI like GitHub’s Copilot, as part of the BigCode project  —  AI startup Hugging Face and ServiceNow Research, ServiceNow’s R&D division, have released StarCoder, a free alternative … Lees verder op Tech Meme

Alf Wilkinson / Financial Times: A Finder.com experiment using ChatGPT to pick 38 stocks finds the portfolio rose 4.9% compared to an average 0.8% loss for 10 popular funds over eight weeks  —  Theoretical fund of 38 stocks do better than 10 most popular funds on Interactive Investor, finds finder.com  —  Latest news on ETFs Lees verder op Tech Meme

Ilya Banares / Bloomberg: Shopify reports Q1 revenue up 25% YoY to $1.5B, above $1.43B analyst estimates, GMV up 15% to $49.6B, and plans to cut 20% of its staff; SHOP jumps 14%+  —  Shopify Inc. cut jobs for the second time in less than a year and agreed to sell the majority of its logistics business to Flexport Inc … Lees verder op Tech Meme

Annie Palmer / CNBC: Shopify offloads its logistics unit to supply chain tech company Flexport, a reversal after years of building the operation and acquiring Deliverr for $2.1B  —  – Shopify is selling its logistics unit to supply chain technology company Flexport.  — The Canadian e-commerce company … Lees verder op Tech Meme

Bloomberg: As US VCs flood to the Middle East in search of funding, some view their desperation poorly because the region’s investors value long-term relationships  —  Silicon Valley has taken investment from moneyed state-run funds in the Middle East for years.  Now that the technology industry … Lees verder op Tech Meme

Kate Morgan / Wall Street Journal: Some Gen Z Americans are buying flip phones like the $75 TCL Classic or the $90 Nokia 2780, seeking a break from endless social media and email notifications  —  Modern models are a bit smarter than those from the early 2000s, but still offer a needed break from endless notifications Lees verder op Tech Meme

Lina M. Khan / New York Times: The FTC Chair calls for regulating AI, saying the tech could fuel market dominance and collusion by large firms, increase fraud and discrimination, and more  —  It’s both exciting and unsettling to have a realistic conversation with a computer.  Thanks to the rapid advance … Lees verder op Tech Meme

Jemima Kelly / Financial Times: Twitter’s Community Notes have become a surprise hit, offering fact-checking through a crowd-sourced consensus and modeling a fairer, more transparent approach  —  The strength of the platform’s Community Notes feature is that it works through consensus  —  I think I might have let out an audible groan … Lees verder op Tech Meme

Steven Melendez / Fast Company: Khan Academy pilots Khanmigo, a GPT-based chatbot to help students with math problems, debugging code, debating, and other topics without enabling cheating  —  Sal Khan, founder and CEO of online learning nonprofit Khan Academy, wants to turn GPT into a tutor. Lees verder op Tech Meme