Social media
Meta’s AI spending spree is Wall Street’s focus in second-quarter earnings
Over the years, Meta has built a reputation for using rivals’ innovations to bolster its technology. But its decision to copy a Chinese artificial intelligence lab in 2025 in an effort to compete with OpenAI backfired, forcing the company to overhaul its AI strategy. In a rush to mimic the techniques developed by Chinese startup […]
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Ray-Ban Meta smart glasses revenue tripled over the year, EssilorLuxottica says
Ray-Ban Meta smart glasses on display in the window of a Ray Ban store in London, UK, on Friday, July 19, 2024. Bloomberg | Bloomberg | Getty Images Revenue from sales of Ray-Ban Meta smart glasses more than tripled year over year, EssilorLuxottica revealed Monday as part of the company’s most recent earnings report. EssilorLuxottica […]
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Meta names OpenAI’s Shengjia Zhao as chief scientist of AI Superintelligence Lab
Meta CEO Mark Zuckerberg makes a keynote speech during the Meta Connect annual event, at the company’s headquarters in Menlo Park, California, on Sept. 25, 2024. Manuel Orbegozo | Reuters Meta CEO Mark Zuckerberg on Friday said Shengjia Zhao, the co-creator of OpenAI’s ChatGPT, will serve as the chief scientist of Meta Superintelligence Labs. Zuckerberg […]
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Musk’s Grok AI is now on the Kalshi, Polymarket betting apps. What could go wrong?
Nurphoto | Nurphoto | Getty Images Elon Musk is now a driving force in prediction markets. Musk’s xAI on Thursday announced a partnership to integrate its artificial intelligence chatbot Grok with Kalshi’s prediction markets service. In June, xAI announced a similar deal with Polymarket, a Kalshi rival. Kalshi, the company that turned heads with a made-with-AI […]
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Tesla dumped 75% of its bitcoin at one of the worst times, losing out on billions
Thiago Prudencio | LightRocket | Getty Images Tesla missed on the top and bottom lines in the second quarter, but another miss was buried in its investor deck. The company’s digital assets are currently valued at $1.24 billion. That’s up substantially from $722 million a year ago. But anyone who’s been following the crypto market […]
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Trump says he won’t ‘destroy’ Musk’s companies by taking away subsidies
Elon Musk receives a golden key from U.S. President Donald Trump in the Oval Office at the White House in Washington, D.C., U.S., May 30, 2025. REUTERS/Nathan Howard Nathan Howard | Reuters President Donald Trump on Thursday denied claims that he wants to wreck Elon Musk’s companies and their work with the U.S. government. “Everyone […]
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Commerce Sec. Lutnick says TikTok will go dark if China won’t agree to U.S. control of the social media app
Commerce Secretary Howard Lutnick said Thursday that TikTok will go dark for Americans unless China agrees to give the U.S. more control over the popular short-form video app. “We’ve made the decision. You can’t have Chinese control and have something on 100 million American phones,” Lutnick told CNBC’s “Squawk on the Street” on Thursday. TikTok’s future in […]
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Meta updates safety features for teens. More than 600,000 accounts linked to predatory behavior
Facebook and Instagram icons are seen displayed on an iPhone. Jakub Porzycki | Nurphoto | Getty Images Meta on Wednesday introduced new safety features for teen users, including enhanced direct messaging protections to prevent “exploitative content.” Teens will now see more information about who they’re chatting with, like when the Instagram account was created and […]
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Wall Street is upbeat on tech megacaps, but big questions loom on AI spending, China, Trump tariffs
Mark Zuckerberg, CEO of Meta Platforms Inc.; from left, Lauren Sanchez; Jeff Bezos, founder of Amazon.com Inc.; Sundar Pichai, CEO of Alphabet Inc.; and Elon Musk, CEO of Tesla Inc., during the 60th presidential inauguration in the rotunda of the U.S. Capitol in Washington, D.C., on Jan. 20, 2025. Julia Demaree Nikhinson | Bloomberg | […]
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YouTube wipes out thousands of propaganda channels linked to China, Russia, others
Beata Zawrzel | Nurphoto | Getty Images Google announced Monday the removal of nearly 11,000 YouTube channels and other accounts tied to state-linked propaganda campaigns from China, Russia and more in the second quarter. The takedown included more than 7,700 YouTube channels linked to China. These campaigns primarily shared content in Chinese and English that […]
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