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The Latest Breaking News from Meta

Meta Q2 2024 earnings call highlights AI successes and a $50 billion problem

Here's everything we learned about Meta's AI plans, its Reality Labs losses, and more.

Android Central

Elon Musk accepts challenge to cage-fight Maduro: "He will chicken out"

Musk previously waffled on a cage match with Meta CEO Mark Zuckerberg.

Fortune

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

From analysis to the latest developments in health,
read the most diverse news in one place.

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

Dow Jones Futures Rise As Meta Jumps, Extends Tech Rally On AI, Rate-Cut Optimism

Techs led stocks higher as key earnings revived AI optimism and Fed chief Jerome Powell said a September rate cut is possible.

Investors Business Daily

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

Meta Stock Jumps As Facebook Parent Unpacks AI Strategy

Meta stock rallied after the tech giant posted second-quarter results that exceeded Wall Street's expectations.

Investors Business Daily

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Microsoft Defends Capex Spending Binge As AI Chipmakers Benefit

Microsoft's heavy spending on data centers to support AI is great news for chipmakers and computer vendors.

Investors Business Daily

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...

Barchart

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

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GamesRadar

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.

Fortune

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.

Barchart

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…

TechRadar

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.

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news in one place.

100’s of premium titles.
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The Independent UK

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

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.

Barchart

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...

The Street

Meta settles facial recognition lawsuit for $1.4 billion

Mark Zuckerberg’s Meta has agreed to pay $1.4 billion to settle a lawsuit revolving around facial recognition data.

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