Tech Meme

Maxwell Zeff / TechCrunch: Stanford and University of Washington AI researchers claim they trained AI reasoning model s1, distilled from a Gemini 2.0 model, for under $50 in cloud compute  —  AI researchers at Stanford and the University of Washington were able to train an AI “reasoning” model for under $50 in cloud compute credits … Lees verder op Tech Meme

Jagmeet Singh / TechCrunch: TrueFoundry, which helps enterprises deploy AI systems at scale, raised $19M led by Intel Capital, taking its total funding to $21M, and claims 30 customers  —  TrueFoundry, a startup run by a group of former Meta engineers to help enterprises deploy AI systems at scale, has raised $19 million in fresh investment led by Intel Capital. Lees verder op Tech Meme

Bill Toulas / BleepingComputer: Spanish police arrest a hacker for allegedly conducting 40 cyberattacks on critical public and private organizations, seizing 50 crypto accounts, PCs, and more  —  The Spanish police have arrested a suspected hacker in Alicante for allegedly conducting 40 cyberattacks targeting critical public … Lees verder op Tech Meme

Cecilia D’Anastasio / Bloomberg: Roblox reports Q4 revenue up 32% to $988.2M, bookings up 21% YoY to $1.36B, below est., DAUs up 19% YoY to 85.3M, below 88.4M est.; RBLX falls 20%+ pre-market  —  The company also lowered its bookings estimates for 2025.  —  The number of daily active users in the fourth quarter rose to 85.3 million … Lees verder op Tech Meme

Casey Hall / Reuters: Trump’s de minimis cancellation is likely to hit Shein harder than online dollar-store Temu, which has shifted to an Amazon-like bulk overseas shipment strategy  —  The Trump administration move to stop low-cost imports entering the U.S. tariff-free is likely to hit fast fashion retailer Shein harder … Lees verder op Tech Meme

Emma Roth / The Verge: OpenAI opens ChatGPT search to users who are not logged in, after launching it to paying subscribers in October 2024 and logged-in users in December 2024  —  OpenAI is making its AI search engine more accessible.  —  OpenAI is making its AI search engine more accessible. Lees verder op Tech Meme

Foster Wong / Bloomberg: DeepSeek says it suspended letting customers top up their API credits due to server capacity shortages after being overwhelmed with demand since January 2024  —  DeepSeek, the Chinese startup whose artificial-intelligence model roiled global markets last week, said it would restrict access … Lees verder op Tech Meme

Kate Clark / Bloomberg: SEC filing: Sequoia’s evergreen fund has grown to $19.6B, up from $13.6B in early 2023, a signal that the firm continues to grow despite a VC funding slowdown  —  The fund’s total includes new cash commitments, shares of now-public companies that Sequoia previously backed and cash returns from mergers and acquisitions. Lees verder op Tech Meme

Bloomberg: Sources: Andy Jassy’s campaign to flatten Amazon’s middle management raises fears among staff of lean years and fewer promotions, as old career paths dry up  —  Campaign to restructure workforce is capitalizing on a moment when return-to-office policies are more common and the technology job market is cooling off. Lees verder op Tech Meme

Kate King / Wall Street Journal: Amazon has shrunk its Amazon Go store portfolio by ~50% since early 2023 to 16 stores in four US states, as its efforts to compete in physical retail falter  —  The e-commerce giant is closing more of its convenience stores; ‘I don’t think they really understand retail,’ a consultant says Lees verder op Tech Meme