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The Latest Breaking News from Meta

Strong earnings report pushes Meta shares up amid heavy AI spending

Stock price grew around 5%, which revealed the company outperformed analysts’ expectations for its second quarter

The Guardian - US

Meta Shares Rise As Earnings Top Expectations

Meta on Wednesday reported profit of $13.5 billion in the recently ended quarter, beating market expectations and causing its share price to jump.

International Business Times

Stocks Finish Higher on Chip Stock Strength and Dovish Powell

The S&P 500 Index ($SPX ) (SPY ) Wednesday closed up +1.58%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.24%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +3.01%. US stocks rallied Wednesday, with the S&P 500 and Nasdaq 100 posting 1-week highs...

Barchart

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NVIDIA CEO and Mark Zuckerberg exchange jackets and visions of a future where every business has an AI assistant

NVIDIA CEO Jensen Huang and Meta CEO Mark Zuckerberg touched base at SIGGRAPH 2024 to discuss a future featuring AI assistance and open-source models.

Windows Central

Meta shuts down AI chatbots based on Kendall Jenner, Snoop Dogg and other celebrities

The social media giant reportedly paid A-listers millions to use their likenesses as part of the failed project

Evening Standard

Zuckerberg and Huang: I'm still not convinced by their vision for AI

Meta's AI doppelgangers and Nvidia's James sound like the metaverse all over again.

Creative Bloq

Stocks Rally as Chip Stocks Rebound and Bond Yields Fall

The S&P 500 Index ($SPX ) (SPY ) today is up +1.71%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.44%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +2.89%. US stocks today are moderately higher, with the S&P 500 and Nasdaq 100 posting...

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Stocks Jump on Chip Stock Strength and Fall in Bond Yields

The S&P 500 Index ($SPX ) (SPY ) today is up +1.18%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.09%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +2.29%. US stocks today are mostly higher, with the S&P 500 and Nasdaq 100 posting...

Barchart

With Amazon Stock Near Correction Territory, Can AMZN Go Back Up After Q2 Earnings?

Amazon stock has come off its 2024 highs amid the tech sell-off, and is now almost in correction territory. AMZN stock could, however, recover and go back up after its Q2 earnings later this week.

Barchart

Razer Facial Interface review: "A more immersive, light-blocking fit"

Razer's facial interface for Quest 3 has lovely, soft cushioning that cools your face as you're playing. Annoyingly, its price makes it difficult to recommend.

GamesRadar

Big Tech is using massive free cash flows to pay more dividends

Silicon Valley behemoths like Meta, Alphabet, Microsoft and Apple can afford to pay shareholders while still spending on R&D.

Fortune

Stock Index Futures Climb as Focus Shifts to Fed, U.S. ADP Jobs Report and Meta Earnings on Tap

September S&P 500 E-Mini futures (ESU24) are up +0.98%, and September Nasdaq 100 E-Mini futures (NQU24) are up +1.57% this morning as expectations mounted that Fed Chair Jerome Powell might signal a potential rate cut for September, while investors also awaited a fresh batch of U.S. economic data and an…

Barchart

Mark Zuckerberg says we’ll all be wearing AI smart glasses – he’s not wrong, but some big changes need to happen first

Mark Zuckerberg says everyone will wear AI smart glasses; he has a point, but I'm not convinced they'll be ready for a while.

TechRadar

How Hungary's Orbán uses control of the media to escape scrutiny and keep the public in the dark

In Hungary, Prime Minister Viktor Orbán has extended his party's control over the media, directly affecting informed democratic participation

The Independent UK

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Tom’s Guide

I tested Gemini vs ChatGPT vs Claude vs Meta Llama — which AI chatbot wins?

Frontier AI models are those at the leading edge of artificial intelligence, the most capable across the board. Here I put Gemini, ChatGPT, Llama and Claude to the test.

TechRadar

Meta's new AI model tags and tracks every object in your videos

Meta debuts SAM 2 AI model for identification and tracking of objects in videos.

International Business Times UK

Apple's AI Advancements On Hold In Europe: Regulatory Hurdles Delay Launch

Apple has delayed the European launch of its new AI features in iOS 18 until 2025 due to compliance issues with the EU's Digital Markets Act.

International Business Times

Texas Says Meta To Pay $1.4B To Settle Photo-tagging Lawsuit

Meta has agreed to pay $1.4 billion to settle a lawsuit accusing it of violating a Texas state privacy law with a feature for "tagging" friends in Facebook photos, according to a deal finalized Tuesday.

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Broader Market Settles Mixed as Chip Stocks Slump

The S&P 500 Index ($SPX ) (SPY ) Tuesday closed down -0.50%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.50%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.38%. US stocks settled mixed on Tuesday, with the Dow Jones Industrials posting a 1-1/2...

International Business Times

US Senate Passes First Major Child Online Safety Bills In Years

The US Senate passed a sweeping social media safety package Tuesday that would force tech companies to do more to protect children -- the first major legislation targeting Silicon Valley in a generation.

Top News

Meta Agrees To Meta Agrees To Top News.4 Billion Settlement Over Biometric Data.4 Billion Settlement Over Biometric Data

Texas officials reach Meta Agrees To Top News.4 Billion Settlement Over Biometric Data.4 billion settlement with Meta over biometric data privacy violations, setting a precedent for tech companies' accountability.

The Independent UK

Meta agrees to $1.4B settlement with Texas in privacy lawsuit over facial recognition, state says

Texas officials say Meta has agreed to a $1.4 billion settlement in a privacy lawsuit over claims that the tech giant used biometric data of users without their permission

The Texas Tribune

Meta to pay Texas $1.4 billion for using facial recognition technology without users’ permission

Attorney General Ken Paxton sued the Facebook parent company in 2022, claiming it had used personal biometric data without permission.

Tom’s Guide

Apple signs AI safety pact alongside OpenAI and Meta — here's what it means

Apple is the latest big tech company to sign up and commit to the Biden Administration's voluntary AI safety guidelines.

Barchart

Markets are Mixed Amid Earnings and Fed Speculation

The S&P 500 Index ($SPX ) (SPY ) today is down -0.47%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.14%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.98%. US stocks today are mixed. There was positive news from Howmet Aerospace, which is...

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