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
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:
Meta is integrating its upcoming next generation AI model Llama 3 into virtual assistant – MetaAI in its Ray Ban smart glasses to enhance performance. This will enable the smart glass to handle more complex tasks and respond more naturally
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
The company promises to modify its approach to AI-generated content on Facebook, Instagram, and Threads in response to input from its impartial Oversight Board. Meta will soon apply a “Made with AI” badge to a wider variety of images, audio
AI tokens AGIX, FET, and OCEAN rose sharply over the past 48 hours as expectations of a merger involving the decentralized AI companies behind the tokens jacked up investor interest. Fetch.ai’s FET token soared over 43% to $3.44, and Agix,
Meta shifts gears by joining the fediverse with Instagram and Threads, aiming to empower users with greater control over their online presence and content amidst past criticisms. After his hopes for a metaverse failed, Mark Zuckerberg placed his bets on
Elon Musk’s AI startup, xAI has open- sourced its ChatGPT rival Grok, releasing its raw computer code, a week after the tech billionaire announced the plan to the public. This will allow developers and researchers to build on the model
Artificial intelligence and virtual reality (VR) will become the next big thing on the World Wide Web, or Internet, its designer Tim Berners-Lee predicted, marking the 35th anniversary of his invention, which almost failed to see the light of day.
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