Tech Meme

Ian King / Bloomberg: Texas Instruments reports Q4 revenue down 1.7% YoY to $4.01B, net income down 12% YoY to $1.2B, and projects Q1, 2025 sales between $3.74B and $4.06B  —  – Factory expansion weighs on chipmaker’s profit projection  — Tepid outlook follows better-than-expected quarterly results Lees verder op Tech Meme

Manish Singh / TechCrunch: PE firm Everstone acquires Delhi-based Wingify, whose flagship product Visual Website Optimizer helps business improve their online conversion rates, for $200M  —  Private equity firm Everstone has reached a deal to acquire a majority stake in Wingify, one of India’s earliest bootstrapped software … Lees verder op Tech Meme

Jon Keegan / Sherwood News: DeepSeek’s latest AI model R1 sticks to Chinese government restrictions on sensitive topics like Tiananmen Square, Taiwan, and the treatment of Uyghurs in China  —  Those who train the AI models get to decide what the truth is.  —  5H  —  The AI world was abuzz this week with the release … Lees verder op Tech Meme

Saritha Rai / Bloomberg: Sources: Mukesh Ambani’s Reliance is buying Nvidia’s AI chips and plans to build a 3-gigawatt data center in Jamnagar, India, set to be the largest in the world  —  – Reliance joins rush of tech companies building data centers … Mukesh Ambani’s Reliance Group is building what may become … Lees verder op Tech Meme

Jonathan Stempel / Reuters: The US DOJ charges the former CEO of AI chatbot startup GameOn and his wife for allegedly defrauding investors of more than $60M between 2018 and 2024  —  The founder of GameOn, a San Francisco artificial intelligence startup, has been indicted for running a “brazen and wide-ranging” … Lees verder op Tech Meme

Financial Times: Sources: Stargate lacks a fully developed plan, hasn’t secured funding yet, will get no government support, and will exclusively serve OpenAI once operational  —  Donald Trump has called the SoftBank-backed venture a ‘resounding declaration of confidence in America’s potential’ Lees verder op Tech Meme

Akila Quinio / Financial Times: HSBC shuts Zing after launching the payments app in Jan. 2024 to compete with Revolut and Wise, marking the latest failed fintech venture by a traditional bank  —  Closure marks latest failed fintech effort by traditional bank  —  HSBC is shutting its payments app Zing just a year … Lees verder op Tech Meme

Bloomberg: At Davos, Trump blasts EU for targeting Apple, Google, and Meta, describing regulatory cases as “a form of taxation”, and references Apple’s €13B Irish tax bill  —  – Comments mark start of clash between Trump, EU over tech  — Apple lost case last year over $14.4 billion Irish tax bill Lees verder op Tech Meme

Bloomberg: Sources: Daniel Guarnera, a DOJ lawyer who helped file US antitrust lawsuits against Google and Apple, has been picked to lead the FTC’s Bureau of Competition  —  – Daniel Guarnera picked to lead FTC’s Bureau of Competition  — Chris Mufarrige tapped to head Bureau of Consumer Protection Lees verder op Tech Meme

Donald Judd / CNN: Trump shrugs off Musk’s criticism of Stargate, saying Musk “hates one of the people in the deal” and his comments are not an indictment of the deal’s viability  —  President Donald Trump on Thursday shrugged off an ugly back-and-forth between tech CEOs Elon Musk and Sam Altman … Lees verder op Tech Meme