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

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

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

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

Ron Miller / TechCrunch: Salesforce announces SlackGPT, planning to add generative AI features to Slack to summarize meetings and more, and will incorporate EinsteinGPT into Slack  —  Slack has evolved from a pure communications platform to one that enables companies to link directly to enterprise applications without having … Lees verder op Tech Meme

CoinDesk: Coinbase plans to stop issuing loans in the US via its Borrow program starting May 10 due to low demand; a source says the move is unrelated to the SEC troubles  —  May 10 is the final day customers will be allowed to take out new loans through Coinbase Borrow.  —  Coinbase Borrow’s days are numbered. Lees verder op Tech Meme

Meir Orbach / CTech: Healthy.io, which offers urine analysis through its mobile app, raised a $50M Series D, and plans to lay off ~70 employees, or about a third of its staff  —  The medtech startup is parting ways with around 70 employees despite receiving a fresh $50 million investment Lees verder op Tech Meme