The Meta Quest 3 hasn’t enjoyed much time in the spotlight this year, and that probably won’t change with the headset’s most recent hardware and app updates. But let’s cast a more intense glow on the Meta Quest anyway because there’s something else happening to the Quest ecosystem if you’ve been paying attention. The folks …
The spat began days earlier, on May 27, after Musk took to X to encourage people to apply for roles at his AI startup, xAI. The company, which last week announced it had raised $6 billion, is in a battle for AI engineers with high-profile startups, such as OpenAI and Anthropic, as well as top …
Meta CEO Mark Zuckerberg has created a product advisory council to provide guidance on the company’s artificial intelligence (AI) and technology efforts. The new Meta Advisory Group will meet periodically with Meta’s management team, Bloomberg reported Wednesday (May 22). The group will be composed of four executives: Patrick Collison, CEO and co-founder of Stripe; Nat Friedman, former CEO of GitHub; Tobi Lütke, CEO of Shopify; and Charlie …
The dominance of tech companies is growing despite regulatory pressure. Authorities in the United States and Europe have launched an offensive to end monopolistic practices that they consider illegal. But meanwhile, the digital giants are growing larger and larger as bankable entities, nourished by the new golden goose of artificial intelligence. Profits at Alphabet, Apple, …
A visitors tests Meta Quest Pro goggles at the booth of Meta Platforms at the Hanover technology Fair on April 22, 2024 in Hanover, northern Germany, with Norway as partner country. Photo: RONNY HARTMANN/AFP (Getty Images) Meta CEO Mark Zuckerberg and Apple chief Tim Cook are still hyped up on virtual reality, even if consumers …
Last year is often billed as Meta Platforms (NASDAQ: META) co-founder and CEO Mark Zuckerberg’s “year of efficiency.” Indeed, it should be billed as such. Meta earnings soared as the company cut expenses and started putting its AI to use to boost productivity (especially for social media ads), and thus earnings. META Revenue (TTM) Chart …
Alphabet topped analysts’ estimates, reporting revenue growth of 15% for the quarter, the fastest rate of expansion since early 2022. Ad sales at YouTube jumped 20%, also beating expectations. Questions have been swirling about the future of Google’s online ads, because the biggest revenue driver remains search, which is under pressure as new generative AI …
Meta stock (META) fell more than 10% on Thursday after CEO Mark Zuckerberg revealed that the social media company is pouring more cash into its AI efforts, spooking investors. The CEO, however, tried to assuage investor concerns about the company’s spending during Wednesday’s earnings call, noting that Meta has made similar moves when transitioning to …
Mark Zuckerberg, CEO of Meta testifies before the Senate Judiciary Committee at the Dirksen Senate Office Building on January 31, 2024 in Washington, DC. Alex Wong | Getty Images Mark Zuckerberg started Meta’s earnings call by talking about artificial intelligence. Then he moved onto the metaverse, touting his company’s headsets, glasses and operating system. He spent …
Sundar Pichai, chief executive officer of Alphabet Inc., during Stanford’s 2024 Business, Government, and Society forum in Stanford, California, US, on Wednesday, April 3, 2024. Justin Sullivan | Getty Images The troubling news comes alongside a generative AI gold rush, as Big Tech players race the new technology into their vast portfolios of products and …