Meta AI spending plans cause share price slump
Investors react badly to the Facebook and WhatsApp owner spending more than anticipated on AI.
Investors react badly to the Facebook and WhatsApp owner spending more than anticipated on AI.
The appeals court said the firing of Savannah Kinzer, an outspoken critic who worked in a Cambridge, Mass., store, "arguably deviated" from Whole Foods' disciplinary process.
Scammers are able to get past automated checks on the social media giant to try to defraud users.
UK businesses using TikTok say they could see a significant drop in sales if the app is banned in the US.
A study recently published in the peer-reviewed American Psychologist journal claims that a combination of facial recognition and artificial intelligence technology can accurately assess a person’s political orientation by simply looking at that person’s blank, expressionless
Chipotle’s solution for cutting avocados may be coming to a store near you as early as this year. Chipotle began testing the Autocado robot last July — essentially a robot that could cut, core, and peel avocados. During the company’s first-quarter earnings call Wednesday,
Labour says its plan will improve services - but the Tories say it is "pointless" and "unfunded".
One of the Transportation Safety Administration ’s “bomb-sniffing” dogs at Reagan National Airport was thrown a retirement party last week after working his final shift and leaving the force after long years in public service. The golden retriever named Messi has been
According to a proxy filing statement, the lion's share of this "other compensation" covered Zuckerberg's security costs.
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Meta stock plummeted more than 16% in after-hours trading Wednesday, even as the Facebook parent company reported better-than-anticipated sales . Read more...
U.S. Sen. Bernie Sanders sent letter on Wednesday to Novo Nordisk CEO Lars Fruergaard Jørgensen announcing that the Senate Committee on Health, Education, Labor, and Pensions, which Sanders chairs, has launched an investigation into the high prices the company charges for its
Meta's shares dropped about 10% in extended trade following the report, evaporating $125 billion worth of stock market value.
Mark Zuckerberg’s gleeful rebrand of Facebook as Meta in 2021 has become a well documented blunder. What was promised — a virtual reality where we hold company meetings or visit far-away family members — has yet to be delivered, and many media outlets have proclaimed Meta’s
For nearly a decade, a near-Earth asteroid named Kamo’oalewa has invoked speculation over how it came to orbit the Sun in total synchrony with Earth as though it shares some special relationship with our planet. A new study of the oddball may have pinpointed where it came from:
It’s a classic Elon Musk move. Tesla released some pretty grim first-quarter numbers on Tuesday, showing that net income dropped more than 50% from last year. During the earnings call, however, Musk floated his “new” vision for the electric car company. Tesla is now focused on
TikTok vowed to wage legal battle after President Biden signed a measure that forces ByteDance to sell the app -- or face shutting down in the US.
The COVID-19 pandemic created massive challenges for companies, and the luxury industry was no exception . With consumers strapped for cash and only spending money on essentials, demand for luxury goods plummeted . Read more...
“We’ve always looked beyond the target schools but we’re doing it even more so now given recent events,” activist investor Dan Loeb told the Post.
Big Tech’s investments into smaller AI firms to boost their spot in the AI race aren’t without some scrutiny. Read more...
The American planemaker needs one hell of a pilot
Volkswagen aims to launch dozens of new cars — including several electric models — in China by 2030 as part of an ambitious plan to conquer more of the world’s largest auto market. Read more...
Investors had a mixed experience on Wednesday as Tesla’s rally couldn’t drive the stock market for long. The EV maker’s stock was among the best performers on the S&P 500, gaining over 12% by the end of the day. Despite the biggest revenue drop in 12 years, shares rose
President Joe Biden signed the TikTok bill into law on Wednesday morning, officially starting the 270-day clock for TikTok’s owner, China-based Bytedance, to sell the social media app or face a ban in American app stores. Read more...
Trump Media & Technology Group is doubling down on claims that its stock is being illegally traded — this time bringing its concerns before congressional leaders. Read more...
Nvidia announced plans Wednesday to acquire Israeli AI startup Run:ai . While Nvidia didn’t disclose the terms of its coming transaction, an Israeli newspaper Calcalist reported that the chipmaker will buy Run:ai for $700 million in “the coming days.” Read more...
Elon Musk’s fiendish conundrum