tech

Rani Molla8/22/25

Zoom jumps after beating expectations and raising its full-year guidance

Zoom jumped more than 9% in early trading after reporting revenue and earnings that beat analyst expectations and raising its full-year guidance.

The video communications company posted adjusted earnings per share of $1.53 and revenue of $1.22 billion in the second quarter, compared with analysts’ estimates for earnings of $1.38 a share and $1.2 billion of revenue.

Zoom also boosted its full-year forecast, saying it expects revenue in constant currency between $4.82 billion and $4.83 billion and adjusted earnings of $5.81 to $5.84 a share. The company had previously forecast revenue between $4.81 billion and $4.82 billion and EPS ranging from $5.56 to $5.59.

The company said its use of AI helped it have a strong second quarter.

“AI is transforming the way we work together, and Zoom is at the forefront, driving innovation that helps people get more done, reduce costs, and deliver better experiences for customers and employees alike,” Zoom founder and CEO Eric S. Yuan said.

The results pleased investors and analysts alike, including Wedbush Securities’ Dan Ives, who wrote: “This was another solid quarter by ZM as the company’s new GTM strategy gains further traction while improving its product portfolio with AI front and center to capitalize on the growth opportunities across the enterprise landscape while the online business continues to stabilize.”

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OpenAI commits up to $25 billion for 500 megawatt “Stargate Argentina” data center

OpenAI has reportedly signed a letter of intent to invest up to $25 billion on “Stargate Argentina,” a new 500 megawatt AI data center.

Reuters reports that the deal would involve tax incentives.

In a video announcing the project, OpenAI CEO Sam Altman said:

“Our vision for Stargate Argentina is to deliver a major boost to the country’s AI infrastructure, creating a foundation for new capabilities from smarter public services to tools that help small businesses compete globally. “

OpenAI did not immediately respond to a request for comment.

You may remember the name “Stargate” from the megaproject that tech giants and the Trump administration announced earlier this year to build a huge number of datacenters in the US. And you may remember Argentina as the nation the Trump administration is now bailing out with a $20 billion currency swap.

Nearly 40% of kids under 2 years old interact with smartphones, according to their parents

A new Pew Research study outlines just how pervasive technology use among US children has become.

Baby sat at office desk, holding telephone.

tech

Meta considering a stand-alone TV app as it leans into Instagram videos

Meta is considering building a dedicated TV app to expand the reach of Instagram’s video content, according to comments by Adam Mosseri, head of Instagram, at a Bloomberg conference.

Instagram has 3 billion monthly users and is leaning into its Reels vertical videos, which puts it head-to-head with TikTok. Mosseri told Bloomberg:

“If behavior [and] the consumption of these platforms is moving to TV, then we need to move to TV, too.”

A move to living room screens could let Meta compete against Alphabet’s YouTube, but adapting vertical videos to TV could prove challenging.

Instagram Is ‘Exploring’ a Dedicated TV App in Video Push

Instagram Is ‘Exploring’ a Dedicated TV App in Video Push

“If behavior [and] the consumption of these platforms is moving to TV, then we need to move to TV, too.”

A move to living room screens could let Meta compete against Alphabet’s YouTube, but adapting vertical videos to TV could prove challenging.

tech

Jon Keegan10/9/25

Nvidia backs Reflection AI in $2 billion fundraising round

When DeepSeek R1 was released at the end of last year, it shook the AI world to its core.

The scrappy Chinese startup developed a competitive open-weights reasoning model that bested several state-of-the-art models from OpenAI and Google in several benchmarks.

The release caused the industry to question its bet on massive AI infrastructure over clever engineering done with constrained resources.

American startup Reflection AI thinks the West needs its own DeepSeek, and plans on being the company to build it.

On Thursday, Reflection AI announced it had raised $2 billion at an $8 billion valuation, with Nvidia leading the fundraising round with an $800 million investment.

Reflection does not appear to have developed a frontier-scale model yet, but has built the software needed to train one. A $2 billion cash infusion will certainly help with the company’s training costs, but by comparison, DeepSeek’s R1 model was trained for only $249,000.

Reflection AI Raises $2 Billion as It Aims to Compete With DeepSeek

Reflection AI Raises $2 Billion as It Aims to Compete With DeepSeek

The release caused the industry to question its bet on massive AI infrastructure over clever engineering done with constrained resources.

American startup Reflection AI thinks the West needs its own DeepSeek, and plans on being the company to build it.

On Thursday, Reflection AI announced it had raised $2 billion at an $8 billion valuation, with Nvidia leading the fundraising round with an $800 million investment.

Reflection does not appear to have developed a frontier-scale model yet, but has built the software needed to train one. A $2 billion cash infusion will certainly help with the company’s training costs, but by comparison, DeepSeek’s R1 model was trained for only $249,000.

tech

Jon Keegan10/9/25

Nvidia’s Jensen Huang throws shade at OpenAI-AMD deal

In an interview on CNBC yesterday, Nvidia CEO Jensen Huang threw some shade at the recently announced megadeal between competitor Advanced Micro Devices and its partner, OpenAI.

The unusual deal calls for AMD to sell multiple generations of its GPUs to OpenAI, totaling 6 gigawatts of computing power, in exchange for stock warrants for OpenAI to buy about 10% of the company.

When asked about the deal, Huang said:

“Yeah, I saw the deal. It’s imaginative, it’s unique and surprising. Considering they were so excited about their next-generation product, I’m surprised that they would give away 10% of the company before they even built it.”

The move diversifies part of OpenAI’s GPU supply chain away from Nvidia, which supplies the vast majority of GPUs for hyperscalers today.

Nvidia Chief’s Not-So-Subtle Dig at AMD

Nvidia Chief’s Not-So-Subtle Dig at AMD

When asked about the deal, Huang said:

“Yeah, I saw the deal. It’s imaginative, it’s unique and surprising. Considering they were so excited about their next-generation product, I’m surprised that they would give away 10% of the company before they even built it.”

The move diversifies part of OpenAI’s GPU supply chain away from Nvidia, which supplies the vast majority of GPUs for hyperscalers today.

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