Tech Meme

Brody Ford / Bloomberg: C3.ai drops 20%+ after its FY revenue outlook of 11%-20% growth to a $307.5M midpoint fell below estimates; AI jumped 258% in 2023 and 45% since Nvidia earnings  —  C3.ai Inc. plunged 20% in extended trading after providing a fiscal-year revenue outlook that fell short of analysts’ estimates … Lees verder op Tech Meme

Aisha Malik / TechCrunch: Instagram details ranking content in Feed, Stories, Reels, and more, and is testing more user controls, including an “Interested” button for recommended posts  —  Instagram announced today that it’s testing a new feature that gives users more control over what they see on the social network … Lees verder op Tech Meme

Bloomberg: Tether’s USDT circulation surpasses its $83.2B all-time-high, recovering the ~$20B lost after TerraUSD imploded in 2022, even as crypto trading volumes drop  —  Tether Holdings Ltd.’s stablecoin has recovered all of the roughly $20 billion in market value it lost following the collapse … Lees verder op Tech Meme

Reuters: Sources: a planned $3B chip plant in India by ISMC, a consortium that included chipmaker Tower, has stalled due to the company’s pending takeover by Intel  —  A planned $3 billion semiconductor facility in India by chip consortium ISMC that counted Israeli chipmaker Tower as a tech partner … Lees verder op Tech Meme

Liz Young / Wall Street Journal: Amazon plans to roll out AI to 12 fulfillment centers to help find damaged goods and says the tech is 3x as effective at spotting damage than a warehouse worker  —  Company expects artificial intelligence to reduce the number of damaged items moving through fulfillment centers and to speed up deliveries Lees verder op Tech Meme

Ben Lang / Road to VR: Ultraleap unveils the $140 hand-tracking module Leap Motion 2, its first since the original in 2013, with support for standalone headsets, and opens preorders  —  The Daily Roundup Newsletter  —  Keep your finger on the pulse of the XR industry with the Daily Roundup, the most important news in one daily email. Lees verder op Tech Meme

Michael McSweeney / The Block: Crypto bridging protocol Multichain suspended service for multiple chains after being unable to contact its CEO to get server access, during ongoing tech issues  —  – Multichain, the cross-chain protocol, confirmed Wednesday that the team is unable to contact its chief executive amid ongoing technology problems. Lees verder op Tech Meme

Arjun Kharpal / CNBC: Oppo announces MR Glass Developer Edition, a headset designed for developers in China to create mixed reality apps, powered by Qualcomm’s Snapdragon XR2 Plus  —  – Chinese electronics giant Oppo debuted a mixed reality headset on Wednesday, pushing into an area in which U.S. technology companies Microsoft … Lees verder op Tech Meme

Ingrid Lunden / TechCrunch: Berlin-based travel experiences marketplace GetYourGuide raised $194M, with an $85M Series F and a $109M revolving credit facility, at a $2B valuation  —  The tourist industry is bouncing back after a rough couple of pandemic-stressed years, and in the case of some tourism and travel startups … Lees verder op Tech Meme

The Financial Express: After getting three applicants in 2022, India opens new applications for setting up semiconductor and display fabs under its $10B chip incentive scheme  —  The applications will be received by India Semiconductor Mission, the designated nodal agency entrusted with the responsibility … Lees verder op Tech Meme