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Meta proves AI hype has its limits : Artificial intelligence is a multibillion-dollar project with no clear timeline for revenues
ft.com/content/698c79e0-0b0b-401d-8132-99a42f236b92
Quick Glance: AI Revolutionizing Call Centers: TCS Insights
- The head of Tata Consultancy Services predicts chatbots will reduce the need for human call center agents significantly, revolutionizing the industry.
- TCS's generative AI projects have doubled in value to $900 million by March, highlighting the increasing demand for tech talent and the need for workforce training.
- Reports suggest that overall IT services growth is affected by global uncertainties like inflation, war, and elections, leading to a decline in spending and slower revenue growth for companies like TCS and Infosys.
- Infosys anticipates a modest 1-3% sales growth in the upcoming financial year due to customers delaying discretionary spending on new tech projects amidst the current economic climate.
Meta loses nearly $200 billion in value after Mark Zuckerberg AI announcement: CEO admitted it could take ‘several years’ for AI investment to come good
independent.co.uk/tech/meta-mark-zuckerberg-shares-ai-b2534723.html
Quick Glance: Meta Quarterly Results: Revenue Expectations Lowered, Stock Fell
- Meta's quarterly results exceeded expectations, but the revenue forecast for the next quarter was lowered.
- Despite successful ad business and increasing user numbers, Meta's stock experienced a drop of over 10 percent.
- Analysts caution about Meta's reduced revenue expectations for the second quarter, leading to investor skepticism.
- Zuckerberg plans to significantly increase investments in AI models in the coming years to enhance Meta's leading position in the artificial intelligence domain.
Microsoft and Alphabet enjoy AI-powered gains from cloud divisions: Combined market value of the two tech giants rose by more than $250bn after revenue growth ...
ft.com/content/f01c6852-8aa6-4cc0-991d-38f15077ba92
Meta's value plummets as Zuckerberg admits AI needs more time and money: Revenues up, but is the AI hype bubble is threatening to burst?
theregister.com/2024/04/25/facebooks_value_plummets_as_zuckerberg/
Quick Glance: Meta Invests Heavily in Artificial Intelligence
- Meta focuses on AI to enhance app appeal
- The smart glasses with AI capabilities aim to attract users
- Meta envisions AI assistants for complex tasks in communication
- Meta aims to become a global leader in AI, despite significant investments
Bitcoin falls below $64,000 as Meta, Microsoft and Google continue to drop: Slow economic growth and weak earnings reports in the tech sector have led to a ...
qz.com/bitcoin-ether-meta-ibm-microsoft-google-alphabet-1851435315
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Fast-fashion giant Shein is the latest to face EU's strictest digital regulations
qz.com/shein-to-face-stricter-eu-regulations-meta-tik-tok-amaz-1851439129
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Microsoft, Snap, Meta, Amazon, AMD, and Other Tech Stocks in Focus Today: Microsoft and Alphabet stock jumped after earnings, while Nvidia, Snap, Amazon ...
barrons.com/articles/microsoft-snap-meta-amazon-amd-tech-stocks-today-cbcce48f
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Ban or no ban, TikTok artists and advertisers to remain until 'door slams shut': Ban or no ban, TikTok's partners in the music and advertising world plan to ...
reuters.com/technology/tiktok-artists-advertisers-stay-with-app-until-door-slams-shut-2024-04-24/
Quick Glance: ByteDance Would Consider Closing TikTok in US Over Sale, Sources Claim
- ByteDance would prefer to cease TikTok operations rather than engage in a sale if all legal avenues are exhausted to combat potential legislation banning the platform in US app stores, as per four sources.
- Despite TikTok's massive popularity with over a billion users, it remains unprofitable, contributing a small fraction to ByteDance's overall revenues and daily active user base.
- ByteDance stated on Thursday in a release on Toutiao, a media platform it possesses, that there are no intentions to sell TikTok, in response to claims from The Information about ByteDance exploring sale scenarios for TikTok's US operations excluding the recommending algorithm for user videos.
- As of December, ByteDance's valuation stood at $268 billion when it proposed a buyback of approximately $5 billion in shares from investors.
Wall Street sees Google stock rallying to $200 because maybe Google can win AI after all
qz.com/google-stock-rally-ai-search-wall-street-analysts-1851438633
Google fires more workers who protested its deal with Israel: An activist group says Google fired at least 20 more workers in the aftermath of protests over ...
apnews.com/article/google-israel-protest-workers-gaza-palestinians-96d2871f1340cb84c953118b7ef88b3f
Quick Glance: Google Fires More Employees Following Israel Deal Protests
- An activist group has reported that Google has terminated at least 20 more employees in response to protests over the technology supplied to the Israeli government amid the Gaza conflict, bringing the total number of dismissed employees to over 50.
- This serves as another indication of internal unrest at the tech giant, revolving around 'Project Nimbus,' a $1.2 billion contract signed in 2021 for Google and Amazon to provide cloud computing and AI services to the Israeli government.
- Last week, demonstrations were held by employees at Google offices in New York and Sunnyvale, California, resulting in the company contacting law enforcement, leading to subsequent arrests.
- According to Google, the additional terminations were carried out after an investigation gathered information from colleagues who were 'physically disrupted,' and employees were identified who wore masks and did not carry their ID badges to conceal their identities. The company refuted the group's allegations, asserting that it meticulously verified that 'each individual whose employment was terminated was personally and conclusively involved in disruptive activities within our premises.'
Google Fires 28 Workers for Protesting Cloud Deal With Israel: The fired workers included nine Google employees who were removed by police after occupying Google ...
wired.com/story/google-fires-twenty-eight-workers-for-protesting-cloud-deal-with-israel/
Meta's median pay for employees is $379,000 a year: Meta's median salary is significantly higher than many tech jobs, though on par with rivals like Google and ...
businessinsider.com/meta-median-yearly-pay-employee-2024-4
Mark Zuckerberg spilled the beans on his new chain necklace look: Mark Zuckerberg's been in the spotlight recently thanks to his chain necklace ...
businessinsider.com/mark-zuckerberg-dug-into-new-chain-necklace-look-2024-4
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Snap shares soar 25% as company beats on earnings, shows strong revenue growth: Snap reported first-quarter results that beat analysts' estimates
cnbc.com/2024/04/25/snap-snap-q1-2024-earnings-.html
Google Fires 28 Workers for Protesting Cloud Deal With Israel: The fired workers included nine Google employees who were removed by police after occupying Google ...
wired.com/story/google-fires-twenty-eight-workers-for-protesting-cloud-deal-with-israel/
Exclusive | AI Developers Agree to New Safety Measures to Fight Child Exploitation
wsj.com/tech/ai/ai-developers-agree-to-new-safety-measures-to-fight-child-exploitation-2a58129c
Alphabet issues first-ever dividend, $70 billion buyback: Google issued its first-ever dividend of 20 cents and authorized a $70 billion share repurchase program ...
cnbc.com/2024/04/25/alphabet-issues-first-ever-dividend-70-billion-buyback.html
Meta is putting AI front and center in its apps, and some users are annoyed: Meta’s artificial intelligence-powered assistant is suddenly everywhere in its ...
nbcnews.com/tech/tech-news/meta-putting-ai-front-center-apps-users-are-annoyed-rcna148857
Google fires more workers after CEO says workplace isn’t for politics: Some employees protested the tech giant’s contract with the Israeli government ...
washingtonpost.com/technology/2024/04/22/google-nimbus-israel-protest-fired-workers/
Quick Glance: Google dismisses workers following protests on technology deal with Israeli government
- Following protests regarding the technology supplied to the Israeli government, Google has terminated employees, heightening tensions around a sensitive contract.
- The confirmed dismissals by Google on Wednesday occurred after nine individuals were detained during sit-in demonstrations in New York and Sunnyvale, California, a day subsequent to police intervention.
- Demonstrations are predominantly coordinated by a faction known as No Tech For Apartheid. Google states that Nimbus is not utilized for weaponry or intelligence purposes.
- Stated in a blog post, Google's CEO Sundar Pichai implied a close supervision of employees as the company enhances efforts in advancing its AI technology, marking a crucial phase in the industry and potentially humanity.
Amazon, Meta, IBM, Super Micro, and Other Tech Stocks in Focus Today: Meta Platforms and other Big Tech names including Amazon, Alphabet, Microsoft, Nvidia ...
barrons.com/articles/amazon-meta-ibm-super-micro-tech-stocks-today-71652802
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Tech Stocks Tumble As Meta’s AI Bet Spooks Investors: “There are several ways to build a massive business here,” Meta CEO Mark Zuckerberg told investors ...
forbes.com/sites/roberthart/2024/04/25/tech-stocks-tumble-as-metas-ai-bet-spooks-investors/
Quick Glance: UK Watchdog Scrutinizes AI Partnerships Involving Tech Giants
- Britain's competition watchdog is reviewing AI partnerships between Microsoft and Mistral AI, as well as between Amazon and Anthropic.
- Third-party opinions are being sought on Microsoft's hiring of former Inflection AI employees and related arrangements.
- The CMA is already investigating Microsoft's partnership with Open AI and is awaiting requested information from the companies.
- Views are invited until May 9 before formal investigations begin on the partnerships.
Microsoft, Google are still riding high on AI wave: Strong earnings jolt both tech giants a day after Meta's stock slump.
axios.com/2024/04/26/microsoft-google-earnings-profits-growth-ai-cloud
Google Fires 28 Workers for Protesting Cloud Deal With Israel: The fired workers included nine Google employees who were removed by police after occupying Google ...
wired.com/story/google-fires-twenty-eight-workers-for-protesting-cloud-deal-with-israel/
Quick Glance: Google restructuring operations and relocating roles to 'hubs' to fund AI investments
- Google is implementing staff layoffs and transferring certain roles to 'hubs' to secure funds for artificial intelligence investments.
- The finance and real estate teams are being affected by the downsizing, with some roles being moved overseas.
- Through the consolidation of finance teams in Bangalore, Mexico City, Dublin, Chicago, and Atlanta, Google aims to enhance efficiency and operate around the clock.
- The restructuring is driven by the substantial shift towards artificial intelligence in the tech industry, prompting Google to allocate more resources to this domain.
She Painted a Few Champagne Bottles. Then Came Meta’s Customer Support Hell: A fashion influencer’s struggles to unblock her Instagram account highlight a ...
wired.com/story/influencer-painted-champagne-bottles-meta-customer-support-hell/
Even Nvidia Can't Pull Off This Feat. Only One AI Stock Has.: Outshining AI giants Nvidia, Meta and Google, HubSpot has secured placement on three premier ...
investors.com/research/ibd-stock-analysis/hubspot-stock-nvidia-meta-google/
US stocks rally for 2nd day in a row; Tesla's first-quarter profit slides 55% as sales slow
postandcourier.com/us-stocks-rally-for-2nd-day-in-a-row-teslas-first-quarter-profit-slides-55/article_41d42096-0187-11ef-ad4e-2320c63708d1.html
Meta steps up AI battle with OpenAI and Google with release of Llama 3: Tech firm released early versions of its latest large language model and a real-time ...
theguardian.com/technology/2024/apr/18/meta-ai-llama3-release
Amazon reportedly ran a secret store to get intel on its competitors: Amazon used a secretive operation called "Big River" to figure out the details of ...
businessinsider.com/amazon-ran-big-river-operation-intel-walmart-ebay-fedex-2024-4
Mistral in talks to raise €500mn at €5bn valuation: One-year-old French start-up approached by multiple investors who view it as Europe’s answer to OpenAI
ft.com/content/358fc1d8-8276-4e81-9ee6-e0391575d569
Google CEO tells staffers the office is not a place to 'debate politics' after firing 28 for anti-Israel sit-ins
nypost.com/2024/04/19/tech/google-ceo-says-office-not-a-place-to-debate-politics-after-firing-28-for-anti-israel-sit-ins/
Nvidia Won AI’s First Round. Now the Competition Is Heating Up.: Amazon.com, Google, Meta Platforms, AMD, and Intel have big ambitions in AI chips.
barrons.com/articles/ai-nvidia-chips-40bc6704
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Meta says Llama 3 beats most other models, including Gemini: Meta says Llama 3 outperformed models like Google’s Gemma and Gemini and OpenAI’s GPT-3 ...
theverge.com/2024/4/18/24134103/llama-3-benchmark-testing-ai-gemma-gemini-mistral
Focus: Buy now, pay later lender Affirm pushes into elective medical procedures: Fintech lender Affirm has started quietly offering "buy now, pay later" (BNPL) ...
reuters.com/technology/buy-now-pay-later-lender-affirm-pushes-into-elective-medical-procedures-2024-04-23/
Are we ready for Nvidia's Blackwell chip?: Nvidia aims to power a new era in AI computing with its Blackwell chip, but competition from Google, Meta ...
qz.com/are-we-ready-for-nvidias-blackwell-chip-1851421946
California wants Big Tech to pay for news. Google is fighting back.: Google blocked news links for some California web users as it protests a bill that would ...
washingtonpost.com/technology/2024/04/21/google-blocks-california-news/
Tech earnings: What Wall Street is eyeing for mega-cap firms: "I think the next few weeks, this is a 'get out the popcorn moment' for tech ...
markets.businessinsider.com/news/stocks/tech-earnings-preview-tesla-microsoft-amazon-meta-alphabet-ai-stocks-2024-4
Rabbit's AI Assistant Is Here. And Soon a Camera Wearable Will Be Too: WIRED went along to the company's launch event where customers picked up the very first ...
wired.com/story/rabbit-r1-launch-event-nyc/
Quick Glance: Rabbit R1: More Fun and Accessible than Humane AI Pin
- The Rabbit R1 is a compact AI companion with a screen and camera.
- Compared to the Humane AI Pin, the R1 is more affordable and user-friendly.
- R1 offers a range of features like image recognition and a personal touch.
- Rabbit promises continuous improvements and new features for the R1.
America's Best Large Employers 2024: The annual ranking, produced in partnership with market research firm Statista, is the product of a survey of employees at U ...
trib.al/AHuKV0i
Jabra’s noise-canceling Elite 5 are on sale for 40 percent off right now: Jabra’s midrange Elite 5 earbuds are currently down to just $89.99. You can also save ...
theverge.com/2024/4/23/24137592/jabra-elite-5-earbuds-google-nest-smart-thermostat-deal-sale
Google fires 28 employees as CEO Pichai warns against debating politics: Google has fired 28 employees after protests against the company and Amazon’s $1 ...
thehindu.com/sci-tech/technology/google-fires-28-employees-as-ceo-pichai-warns-against-debating-politics/article68082580.ece
Alphabet will pay dividends for the first time in its history | NEWS.am TECH - Innovations and science
tech.news.am/eng/news/3384/alphabet-will-pay-dividends-for-the-first-time-in-its-history.html
Google Fires 20 More Workers Following Protests Against the Tech Giant's Israel Deal
techtimes.com/articles/303939/20240424/google-fires-20-more-workers-protests-tech-giant-israel-deal.htm
Marketing hype AI - even if no one wants them?: References to artificial intelligence or ChatGPT are mandatory marketing programs - from new Instagram features ...
wuv.de/Themen/KI-Tech/Marketing-Hype-KI-auch-wenn-sie-gar-keiner-will
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Google and Microsoft shares climb amid relief over AI revenues: Shares in Alphabet surged as much as 12% in after-hours trade. Revenue was $80 ...
irishexaminer.com/business/companies/arid-41382523.html
AI Search Startup Perplexity Valued at $1 Billion in Funding Round: Perplexity’s valuation has doubled in three months in a clear sign of investor enthusiasm for ...
bloomberg.com/news/articles/2024-04-23/ai-search-startup-perplexity-valued-at-1-billion-in-funding-round
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Ray-Ban Meta Smart Glasses: New collection combines style and Meta AI: Ray-Ban has introduced its latest generation of smart glasses in collaboration with ...
connect.de/news/ray-ban-meta-smart-glasses-neue-kollektion-ai-3205286.html
Meta: More sales, more profits and investments in AI: Meta reported decent revenue growth in the first quarter of 2024. The parent company of Facebook, Instagram ...
stadt-bremerhaven.de/meta-mehr-umsatz-mehr-gewinn-und-investitionen-in-ki/
Amazon, Google threaten to take over the living room | 10 Years Ago This Month: Sign up for the GI Daily here to get the biggest news straight to your inboxThe ...
gamesindustry.biz/amazon-google-threaten-to-take-over-the-living-room-10-years-ago-this-month
Analysing digital ad campaigns during the silence period of the first phase of the Lok Sabha elections
thehindu.com/news/national/analysing-digital-ad-campaigns-during-the-silence-period-of-the-first-phase-of-the-lok-sabha-elections/article68099496.ece
Mark Penn's Stagwell Group eyes adtech acquisitions: Penn said he's specifically on the hunt for demand-side platforms and supply-side platforms.
businessinsider.com/mark-penn-stagwell-group-eyes-adtech-acquisitions-2024-4
After Claude 3 Opus, you can now try Meta’s Llama 3 on Amazon Bedrock & Azure: As Meta launched Llama 3 models, Amazon Bedrock and Microsoft Azure announced that ...
mspoweruser.com/after-claude-3-opus-you-can-now-try-metas-llama-3-on-amazon-bedrock-azure/
OnePlus Ace 3 Pro details leak, could launch as the OnePlus 12T later this year: OnePlus launches the Ace series with Pro variants every year, which are usually ...
androidcentral.com/phones/oneplus-ace-3-pro-specs-design-leaked
Mark Zuckerberg is now richer than Elon Musk as Meta launches new AI: Zuckerberg’s total net worth of $178 billion surpassed Musk’s $170 billion as of Friday ...
marketwatch.com/story/mark-zuckerberg-is-now-richer-than-elon-musk-as-meta-launches-new-ai-5708653e
Meta AI to be integrated on Facebook, Instagram, Messenger, and WhatsApp: Meta unveiled its new artificial intelligence assistant, known as Meta AI ...
noypigeeks.com/social-media/meta-ai-integrated-facebook-instagram-messenger-whatsapp/
Google fires 28 employees who participated in protest: The protests, organized by the No Tech for Apartheid campaign, raised concerns about Google and Amazon's ...
latimes.com/entertainment-arts/business/story/2024-04-18/google-protest-termination-employees-project-nimbus
Google Terminates 28 Employees Amid Protests Over Israeli Government Deal: The protests dispute Google's participation in Project Nimbus, a $1 ...
techtimes.com/articles/303775/20240419/google-terminates-28-employees-amid-protests-over-israeli-government-deal.htm
Amazon dominates influencer-driven purchases, new data shows: A new report from influencer-marketing firm Izea outlines purchasing behavior among social-media ...
businessinsider.com/amazon-dominates-influencer-driven-purchases-social-shopping-takeaways-new-data-2024-4
S&P 500 stock index posts its fifth loss in a row; Netflix subscriptions jumped last quarter
postandcourier.com/s-p-500-stock-index-posts-its-fifth-loss-in-a-row-netflix-subscriptions-jumped/article_870c5a4a-fd1b-11ee-be03-ef275c53df40.html
Google employees arrested after protesting against $1bn contract with Israel: LONDON: Several Google employees were arrested on Tuesday for taking part in a ...
arabnews.com/node/2494826/world
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