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The Latest Breaking News from Meta

1 Generative AI Stock That Could Threaten Nvidia's Total Market Dominance

While Nvidia is dominant in AI currently, it faces a legitimate challenge in the networking segment. Nvidia's Infiniband has been the top product in the AI supercomputing niche, but now it's coming under threat from Ethernet. Arista Networks is the big player here, and it counts Microsoft and Meta among…

Barchart

Elon Musk's $6 billion xAI fundraise shows he's serious about building an AI contender

Musk says he's building anti-woke AI for all our sake. Other AI companies also claim to be acting for humanity. But there's too much at stake to trust them.

Fortune

Meta just advertised a mysterious Quest 3 UI update

A new Instagram ad showcases a Meta Quest 3 UI we've never seen, leading us to believe the big UI update is just around the corner.

Android Central

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EU monitors new Meta measures on tackling disinformation ahead of June elections

The European Commission says Meta Platforms – the parent comapany of Facebook and Instagram – has taken measures to mitigate the spread of disinformation in the run-up to crucial EU elections in June.

Radio France Internationale

Which ‘Magnificent 7’ Stock Should Split Its Shares Next After Nvidia?

Earlier this month, Nvidia announced a 10-for-1 stock split. Meta Platforms and Microsoft are two other "Magnificent 7" stocks that look ripe for stock splits.

Barchart

Facebook refused to take down fake account, says TikTok star

Grace Wolstenholme tried to persuade Meta to take down the fraudulent page, which was trying to make money by copying her posts, for five months

The Guardian - UK

The Best Active ETFs to Buy

The best active ETFs offer potential outperformance over an index benchmark, but be aware of higher fees, greater turnover and manager-specific risks.

Kiplinger

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Are Dividends on the Way Back?

Kiplinger contributor Jeffrey Kosnett takes a look at the state of stock dividends and if there are signs of increases.

Kiplinger

Tech Stocks Get Another Boost From Nvidia, As The Rest Of The Market Retreats On High Interest Rates — What Is Next?

Nvidia's impressive financial performance adds to the strong results from Microsoft, Alphabet, Amazon, and Meta. These results reinforce the belief that the rally in the "magnificent five" continues, contributing to another week of gains for the tech-heavy Nasdaq.

International Business Times

5 Years Ago, the Original Quest Reinvented Video Games With a New Dimension

Since the Oculus Quest’s introduction in 2019, Meta’s first standalone VR headset has not only served as the blueprint for spatial computers like the Apple Vision Pro, but it’s also proved that video games might be the best way to get people to wear them.

Inverse

Families File Lawsuits Against Companies Over Uvalde School Massacre

Uvalde community commemorates school shooting anniversary with lawsuits against companies and police. Survivors share experiences and call for accountability.

Top News

Families Of Uvalde Shooting Victims Sue Tech And Arms Companies

The lawsuits, filed on Friday in California and Texas, target companies including Meta, Activision (the publisher of the video game Call of Duty), and arms manufacturer Daniel Defense.

International Business Times

Families of Uvalde school shooting victims sue Microsoft, Meta and gunmaker

The two lawsuits allege the technology firms entered into a ‘scheme’ with the gun manufacturer to promote its weapons.

Al Jazeera

Uvalde families sue Instagram and Call of Duty maker over deadly school attack

‘Unholy trinity’ of Instagram, Activision and Daniel Defense accused of ‘working to convert alienated teenage boys into mass shooters’

The Guardian - US

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The Texas Tribune

Families of Uvalde shooting victims suing gun manufacturer, Instagram, video game company

The lawsuit accuses Daniel Defense, the manufacturer of the shooter’s weapon, of marketing its products to young people.

International Business Times UK

Billionaire Ray Dalio's Bridgewater Associates Offloads Cisco, HP, and More to Double Stake in Nvidia, Boost 'Magnificent Seven' Holdings

Billionaire Ray Dalio's fund boosts tech holdings to 17% of the total portfolio in Q1 by investing heavily in Nvidia, Alphabet, Apple, Microsoft, Meta, and Amazon.

The Conversation

What OpenAI’s deal with News Corp means for journalism (and for you)

OpenAI, the makers of ChatGPT, and News Corp, the international media conglomerate, have signed a deal that will let OpenAI use and learn from News Corp’s content.

Fortune

Nvidia’s landmark performance hasn’t been seen 'in the history of capitalism,' says tech CEO

Nvidia’s quarterly results catapulted its stock up 9% a day after reporting earnings, crossing the $1,000 threshold for the first time ever.

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Tom’s Guide

Meta quietly building a new AI model — here's what to expect

In a research paper, Meta outlines a new multi-modal AI model that allegedly beats other AI models in the market

Android Central

Meta ups AI game and brings Calm, Amazon Music, and more to Ray-Ban smartglasses

Meta adds more AI-powered features and new apps to its Ray-Ban smart glasses.

LiveScience

'Master of deception': Current AI models already have the capacity to expertly manipulate and deceive humans

Large language models (LLMs) have mastered the art of deception when competing with humans in games, but scientists warn these skills can also spill out into other domains.

A new, cheap Meta Quest headset could arrive soon – here are the rumours so far

The Meta Quest 3 Lite could be incoming.

Android Central

Microsoft is reviving Windows mixed reality somewhere we never expected

Apple might have Spatial Apps, but Microsoft is building Volumetric Apps in a bid to reboot its mixed reality development on the Meta Quest platform.

Tom’s Guide

Meta Quest 3 Lite tipped to have the body of the Quest 2 and the mind of the Quest 3

New leaks suggest that the Meta Quest 3 Lite — or Quest 3s — will take Quest 3 specs and put them into a headset reminiscent of the Quest 2.

The Conversation

‘Facebook probably knows I sell drugs’ – how young people’s digital footprints can threaten their future prospects

Social media and messaging apps such as Facebook, Instagram, Snapchat and Messenger are increasingly used to buy and sell drugs in many countries. New Zealand is no exception.

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