On Thursday, Alphabet announced its first-ever dividend and $70 billion stock buyback, which ecstatic investors and shot the stock up almost 16% after the bell. Alphabet’s financial performance for the three months ended March 31 was impressive. Sales reached $67.6
Despite impressive quarterly results, Meta’s AI spending binge has hurt investor sentiment. After reporting a solid result, the company’s shares started to decline. According to the Financial Times, investor sentiment suffered when the company increased its capital expenditure guidance. Also
As the race for AI supremacy continues, Microsoft now wants to transform people’s portrait pictures into talking faces or videos with its latest tool, VASA-1. According to a research paper by the tech giant, Microsoft is taking the AI race
Meta has rolled out its Llama 3 models for outside developers to use for free and users are already in love with its speed. This comes as the social media platforms giant is increasing its pace in the AI race
Meta, a leader in mixed-reality hardware, is now showing off its capabilities in VR software. To promote AR/VR services and apps, Meta Platforms announced that it would make its Quest headset operating system available to outside hardware manufacturers. Also read:
Indian company Metaverse911 launched a Metaverse Experience Center to offer industry leaders a new way to engage with immersive tech like virtual and augmented reality – both crucial to creating a vibrant digital ecosystem in the metaverse. Announcing the Center
Video game developers are scrambling to create unions to protect their jobs as the threats of generative AI-inspired automation looms. Spurred by an ongoing tidal wave of layoffs, game developers, animators, voice actors are increasingly banding together to protect their
The idea of the Ai Pin, a wearable device built to work as a phone (or even better) without a screen, seemed great when it was first announced by the U.S. startup Humane in November. But that is not the
European metaverse funds have witnessed an unprecedented surge in assets due to the increasing hype surrounding AI stocks. The recent interest surrounding AI and the ensuing surge in tech stocks have benefited a group of asset managers, including Amundi and
German artist Mathias Vef and designer Benedikt Groß created a new ‘deepfake camera’ called Nuca, which uses AI to completely undress photos of clothed people within seconds. Nuca raises questions about privacy, but its creators argue they are doing it
Google and Intel on Tuesday launched their own AI chips to challenge Nvidia as the race to manufacture advanced semiconductors to power generative AI models like ChatGPT or Gemini intensifies. Google released its Cloud TPU v5p and Intel unveiled its
Google plans to start charging for AI-powered search features, as part of proposals to monetize its AI tools, marking a major shift from the company’s decades long ad-driven revenue model. One proposal, as first reported by the Financial Times, would
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