Mark Zuckerberg
Instagram is failing to crack down on hate speech against women politicians as elections near, advocacy group says
Instagram has failed to remove toxic comments directed at Vice President Kamala Harris and other leading female politicians from its app as the 2024 election nears, according to research from the Center for Countering Digital Hate. The non-profit advocacy is analyzing large internet platforms to see if they’re properly monitoring their sites for hate speech. […]
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$1 trillion wipeout: Market rout punishes mega-cap tech
Traders work on the floor of the New York Stock Exchange during morning trading on July 31, 2024. Michael M. Santiago | Getty Images As U.S. markets opened for trading on Monday, tech’s mega-cap companies lost about $1 trillion in market cap, deepening a downturn that sent the Nasdaq into correction territory last week. Nvidia […]
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Tech stocks wrap up steepest three-week slump in two years, led by plunge in Amazon and Intel
Signage outside the Nasdaq MarketSite in New York on March 23, 2023. Stephanie Keith | Bloomberg | Getty Images With second-quarter earnings from tech’s mega-cap companies largely in the rearview mirror, one thing is clear: Wall Street is nervous. The Nasdaq slumped 3.4% this week, bringing its three-week slide to 8.8%. It’s the worst performance […]
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Apple is spending more on AI, but remains far behind its Silicon Valley peers
Apple CEO Tim Cook opens WWDC 2024 in Cupertino, California, on June 10, 2024. Source: Apple The topic of greatest interest to analysts on Apple’s quarterly earnings call on Thursday was a product that’s not even available to the general public yet. Apple Intelligence, the company’s forthcoming artificial intelligence system, could spur a fresh cycle […]
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Meta shares pop 6% on earnings beat, rosy revenue forecast
Jaques Silva | Lightrocket | Getty Images Meta shares jumped 6% on Thursday after the company reported second-quarter earnings that beat Wall Street’s expectations and offered a rosy revenue forecast. Revenue in the period increased 22% to $39.07 billion from $32 billion a year earlier, Meta said late Wednesday. Analysts were expecting revenue of $38.31 […]
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Meta’s advertising growth is proof that hefty AI spending is already paying off
Mark Zuckerberg, chief executive officer of Meta Platforms Inc., during an interview on “The Circuit with Emily Chang” at Meta headquarters in Menlo Park, California, US, on Thursday, July 18, 2024. Jason Henry | Bloomberg | Getty Images For investors who are skeptical of Meta’s massive spending on artificial intelligence and whether it will pay […]
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Meta’s Reality Labs posts $4.5 billion loss in second quarter
A visitor wears a virtual reality headset Meta Quest as he takes part in an immersive experience stand during the Viva Technology show at Parc des Expositions Porte de Versailles on May 24, 2024 in Paris, France. Chesnot | Getty Images Meta’s ambitious plans to develop the metaverse is still costing the company billions of […]
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Meta set to report second-quarter earnings after the bell
Meta founder and CEO Mark Zuckerberg speaks during the Meta Connect event at Meta headquarters in Menlo Park, California, on Sept. 27, 2023. Josh Edelson | AFP | Getty Images Meta is slated to report second-quarter earnings on Wednesday after the close of regular trading. Here’s what analysts polled by LSEG are expecting: Earnings per […]
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Apple says its AI models were trained on Google’s custom chips
Sundar Pichai and Tim Cook Source: Reuters; Apple Apple said on Monday that the artificial intelligence models underpinning Apple Intelligence, its AI system, were pretrained on processors designed by Google, a sign that Big Tech companies are looking for alternatives to Nvidia when it comes to the training of cutting-edge AI. Apple’s choice of Google’s […]
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Tech’s splurge on AI chips has companies in ‘arms race’ that’s forcing more spending
Meta founder and CEO Mark Zuckerberg speaks during the Meta Connect event at Meta headquarters in Menlo Park, California, on Sept. 27, 2023. Josh Edelson | AFP | Getty Images Meta CEO Mark Zuckerberg has been assembling a large stockpile of Nvidia chips, spending billions of dollars so his company can develop and train advanced […]
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