Tech Meme

Asa Fitch / Wall Street Journal: IBM has booked $6B in sales around generative AI and Red Hat’s revenue has about doubled since IBM bought it, fueling a ~2x jump in IBM’s stock since April 2020  —  ‘Big Blue’ has clawed back into investor favor, but needs to show staying power in AI to cement its comeback Lees verder op Tech Meme

Bloomberg: NetEase has lost at least three senior executives in recent months, as CEO William Ding pulls back on investments and cuts jobs in a bid to boost profits  —  Simon Zhu, NetEase’s president for global investments and partnerships, said he was leaving the Chinese video-game company in a social media post on Friday. Lees verder op Tech Meme

Nnaemeka Onyekachi / Nairametrics: A Nigerian tribunal upholds a $220M fine imposed on Meta in July 2024 for discriminatory and exploitative practices against Nigerian consumers  —  Nigeria’s Competition and Consumer Protection Tribunal on Friday ordered WhatsApp and Meta Platforms Incorporated to pay a $220 million penalty … Lees verder op Tech Meme

Wall Street Journal: Docs and sources detail the opaque market for shares of Elon Musk’s private companies; Valor recently offered investors $1B worth of shares in SpaceX and xAI  —  Lucrative stock deals have allowed SpaceX to avoid public scrutiny even as it has grown into one of the largest companies in the U.S. Lees verder op Tech Meme

Devon Pendleton / Bloomberg: A profile of Saudi billionaire investor Prince Alwaleed, who, along with his investment firm Kingdom Holding, is the second-biggest shareholder in XAI Holdings  —  The flamboyant Saudi billionaire investor is back in the spotlight, emboldened by Donald Trump’s return to the White House. Lees verder op Tech Meme

Svea Herbst-Bayliss / Reuters: Autodesk adds Jeff Epstein and Christie Simons to its board and settles the proxy fight with Starboard Value, which has criticized Autodesk for underperformance  —  Autodesk (ADSK.O) said on Thursday it will add two newcomers to its board and settle one of the year’s most high-profile proxy fights … Lees verder op Tech Meme

Margi Murphy / Bloomberg: A US DOJ official says Tyler Buchanan, a 23-year-old from Scotland, and an alleged Scattered Spider cybercrime group member, was extradited from Spain to the US  —  Powerbeats Pro 2 Review: Best Workout Earbuds Still Lag on Audio Quality  —  Beats’ newest exercise headphones are improved, but they face stiffer competition than ever. Lees verder op Tech Meme

Stuart Dredge / Music Ally: Etsy agrees to sell Reverb, an online musical instruments marketplace that it acquired for $275M in 2019, to investors Creator Partners and Servco  —  – Click to email a link to a friend (Opens in new window) Email Lees verder op Tech Meme

Pete Koomen: Many AI features, like Gmail’s AI assistant, feel useless because they don’t allow users to edit system prompts, constraining the AI models they’re built with  —  I noticed something interesting the other day: I enjoy using AI to build software more than I enjoy using most AI applications—software built with AI. Lees verder op Tech Meme

Bloomberg: Sources: XAI Holdings, the newly combined entity housing xAI and X, is in talks to raise roughly $20B, or possibly more, valuing the company at more than $120B  —  Elon Musk’s XAI Holdings is in talks with investors to raise roughly $20 billion in funding for his newly combined artificial intelligence startup … Lees verder op Tech Meme