Meta Platforms Inc
Meta slapped with child safety probe under sweeping EU tech law
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 Facebook parent company Meta on Thursday was hit with a major investigation from the European Union into alleged breaches of the bloc’s strict online content law […]
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David Tepper’s Appaloosa is betting big on Chinese tech stocks
Billionaire investor David Tepper’s hedge fund increased its bets on Chinese tech stocks during the first three months of 2024, while dialing back exposure to some key domestic names. Appaloosa Management’s quarterly report on Wednesday showed that Alibaba is now its top holding after buying several hundred million dollars worth of shares. Similarly, the fund […]
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Dell surges 9% on optimism it has secured big AI server orders
Michael Dell, Chairman and CEO of Dell Technologies, is speaking at the Mobile World Congress 2024 in Barcelona, Spain, on February 27, 2024. Joan Cros | Nurphoto | Getty Images Dell shares rose more than 9% on Wednesday to an all-time high after Morgan Stanley raised its price target and predicted that the company would […]
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Instagram co-founder Mike Krieger joins Amazon-backed Anthropic
Omar Marques | Lightrocket | Getty Images Instagram co-founder Mike Krieger will join artificial intelligence firm Anthropic as chief product officer, the company announced Wednesday. Krieger, the former chief technology officer of Meta-owned Instagram, grew the platform to 1 billion users and increased its engineering team to more than 450 people during his time there, […]
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Amazon’s visual appearance at Upfronts highlights thrust outside of digital adverts and into regular media
Rafael Henrique | Lightrocket | Getty Photographs Amazon has come to be a expanding menace to electronic ad incumbents Meta and Google, attracting billions of pounds a quarter from brand names that are making an attempt to attain the masses of shoppers who swarm to the website on a daily foundation. But it is no […]
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Early Fb investor Accel raises $650 million fund to again European and Israeli startups
From remaining to ideal, Accel common companions Harry Nelis, Sonali de Rycker, Andrei Brasoveanu, Luca Bocchio, and Philippe Botteri. Accel Venture money organization Accel said Tuesday it really is lifted $650 million for its eighth fund targeted at investing in European and Israeli early-stage startups, in a sign the enterprise capital current market may be […]
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Microsoft and Amazon to spend $5.6 billion into France as Macron courts tech giants
A Microsoft brand viewed exhibited on a smartphone display and Amazon emblem in the history in Athens, Greece on Oct 5, 2023. Nurphoto | Nurphoto | Getty Photographs Microsoft and Amazon are ploughing billions of dollars into France. Microsoft reported in a statement Monday that it is really committing 4 billion euros ($4.3 billion) towards […]
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Elon Musk’s X loses lawsuit in opposition to Brilliant Information in excess of info scraping
Tesla CEO Elon Musk Omar Marques | Getty Pictures A federal judge in California dismissed a lawsuit filed by Elon Musk’s X towards Israel’s Dazzling Facts, in a case that involved the scraping of community on the web info and its suitable utilizes. X, formerly Twitter, sued Dazzling Information, alleging the business “scrapes knowledge from X” and sells […]
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Morgan Stanley states these stocks could observe Meta and Alphabet in asserting a dividend
The dividend inventory club could quickly get new users, in accordance to Morgan Stanley. “Committing to a dependable dividend sends a beneficial sign to the current market, conveys management’s self esteem in the organization, and opens the inventory up to money oriented buyers,” wrote analyst Todd Castagno, introducing that a dividend “conveys a hopeful long […]
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TikTok starts instantly labeling AI-created articles
The TikTok emblem is pictured outside the house the company’s U.S. head business office in Culver Metropolis, California, U.S., September 15, 2020. Mike Blake | Reuters TikTok is starting up to instantly label video clips and visuals produced with artificial intelligence, the organization mentioned on Thursday. AI-produced content on the app will now be tagged […]
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