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Instagram Boss To Testify At Social Media Addiction Trial
Instagram chief Adam Mosseri is to be called to testify Wednesday in a Los Angeles courtroom by lawyers out to prove social media is dangerously addictive by design to young, vulnerable minds.
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Opinion | 95% Of Gen-AI Projects Are Failing - And Markets Can Smell The Fear
Many firms are struggling to display profits from their AI investment. A new MIT study revealed that approximately 95% of generative AI business efforts are failing, with only 5% achieving meaningful revenue growth.
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Salesforce Said to Cut 1,000 Roles While Hiring Salespeople for AI
Salesforce is announcing lay-offs as it prepares to enter a new fiscal year. More than 1,000 roles will be affected and displaced workers will be able to apply for other jobs internally. The company has also been keeping a closer eye on maintaining profit margins after pressure from activist investors in 2023.
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Meta Said to Have Urged California Attorney General to Stop OpenAI From Becoming For-Profit
Meta said that allowing OpenAI to become a for-profit company would set a dangerous precedent of allowing startups to enjoy the advantages of nonprofit status until they are poised to become profitable, WSJ reported.
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Elon Musk Says His AI Startup xAI's Grok Chatbot Will Go Open-Source
Elon Musk said on Monday his artificial intelligence startup xAI would open-source its ChatGPT challenger "Grok" this week, days after he sued OpenAI for abandoning its original mission in favor of a for-profit model.
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Meta Sued In US For "Damaging Children's Health": What Lawsuit Says
Dozens of US states have accused Facebook and Instagram owner Meta of profiting "from children's pain," damaging their mental health and misleading people about the safety of its platforms.
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Why Meta Faces Big Suit In US Filed By Over 40 States: 5 Points
Dozens of US states today filed a lawsuit accusing Facebook and Instagram owner Meta of profiting "from children's pain," damaging their mental health and misleading the public over the safety of its platforms. Over 40 states are suing Meta.
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Meta Prioritising Profit Over Safety by Blocking Wildfire News, Says Canada PM Justin Trudeau
Canadian Prime Minister Justin Trudeau on Monday criticized Meta for blocking domestic news from its platforms, saying the Facebook-parent was prioritizing profit over safety as devastating wildfires force tens of thousands to evacuate their homes.
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Meta’s Reality Labs Continues to See Losses Despite Company Boasting 11 Percent YoY Spike in Revenue
Meta’s revenue climbed to $32 billion (roughly Rs. 2,62,377 crore) in the second quarter of 2023. The social networking giant did not disclose exactly how much its metaverse-related unit Reality Labs lose this quarter. It did however say, that its Reality Labs division could see more dips.
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Meta's Facebook Reports 3.03 Billion Monthly Active Users in Q2 2023, Posts Strong Rise in Advertising Revenue
Facebook parent Meta on Wednesday beat market expectations for quarterly earnings, powered by reviving digital ad business. Meta reported a profit of $7.8 billion (roughly Rs. 63,949 crore) on $32 billion (roughly Rs. 2,62,358 crore) in revenue during Q2, as the number of people using Facebook monthly rose to 3.03 billion.
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Instagram Boss To Testify At Social Media Addiction Trial
Instagram chief Adam Mosseri is to be called to testify Wednesday in a Los Angeles courtroom by lawyers out to prove social media is dangerously addictive by design to young, vulnerable minds.
-
Opinion | 95% Of Gen-AI Projects Are Failing - And Markets Can Smell The Fear
Many firms are struggling to display profits from their AI investment. A new MIT study revealed that approximately 95% of generative AI business efforts are failing, with only 5% achieving meaningful revenue growth.
-
Salesforce Said to Cut 1,000 Roles While Hiring Salespeople for AI
Salesforce is announcing lay-offs as it prepares to enter a new fiscal year. More than 1,000 roles will be affected and displaced workers will be able to apply for other jobs internally. The company has also been keeping a closer eye on maintaining profit margins after pressure from activist investors in 2023.
-
Meta Said to Have Urged California Attorney General to Stop OpenAI From Becoming For-Profit
Meta said that allowing OpenAI to become a for-profit company would set a dangerous precedent of allowing startups to enjoy the advantages of nonprofit status until they are poised to become profitable, WSJ reported.
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Elon Musk Says His AI Startup xAI's Grok Chatbot Will Go Open-Source
Elon Musk said on Monday his artificial intelligence startup xAI would open-source its ChatGPT challenger "Grok" this week, days after he sued OpenAI for abandoning its original mission in favor of a for-profit model.
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Meta Sued In US For "Damaging Children's Health": What Lawsuit Says
Dozens of US states have accused Facebook and Instagram owner Meta of profiting "from children's pain," damaging their mental health and misleading people about the safety of its platforms.
-
Why Meta Faces Big Suit In US Filed By Over 40 States: 5 Points
Dozens of US states today filed a lawsuit accusing Facebook and Instagram owner Meta of profiting "from children's pain," damaging their mental health and misleading the public over the safety of its platforms. Over 40 states are suing Meta.
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Meta Prioritising Profit Over Safety by Blocking Wildfire News, Says Canada PM Justin Trudeau
Canadian Prime Minister Justin Trudeau on Monday criticized Meta for blocking domestic news from its platforms, saying the Facebook-parent was prioritizing profit over safety as devastating wildfires force tens of thousands to evacuate their homes.
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Meta’s Reality Labs Continues to See Losses Despite Company Boasting 11 Percent YoY Spike in Revenue
Meta’s revenue climbed to $32 billion (roughly Rs. 2,62,377 crore) in the second quarter of 2023. The social networking giant did not disclose exactly how much its metaverse-related unit Reality Labs lose this quarter. It did however say, that its Reality Labs division could see more dips.
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Meta's Facebook Reports 3.03 Billion Monthly Active Users in Q2 2023, Posts Strong Rise in Advertising Revenue
Facebook parent Meta on Wednesday beat market expectations for quarterly earnings, powered by reviving digital ad business. Meta reported a profit of $7.8 billion (roughly Rs. 63,949 crore) on $32 billion (roughly Rs. 2,62,358 crore) in revenue during Q2, as the number of people using Facebook monthly rose to 3.03 billion.
