SAN FRANCISCO--(BUSINESS WIRE)--May 10, 2023--

Weak consumer sentiment is weighing on stocks despite signs that inflation was easing and expectations the Federal Reserve will pause on more interest rate increases when it meets in June.

By Gwladys Fouche OSLO Meta Platforms is breaking European data privacy rules in Norway, the country's data regulator

Taiwanese semiconductor giant TSMC said Tuesday its production of ever-smaller microchips will remain on the island, hopeful that the critical industry will have a "stabilising...

Apple’s new headset is expensive, not “magical” and is fundamentally different from Meta’s vision for the future, Mark Zuckerberg has said. The Vision One headset was revealed during Apple’s Worldwide Developers Conference this week. The company showed off both the hardware and a new idea for “spatial computing”, which will be available next year. Apple’s headset costs $3,500, and comes with a range of features including detailed displays and cameras that allow people to see out into the real world while they are using it. It also puts Apple in competition with Meta, which has been producing its own Quest headsets for years. Its headsets are considerably cheaper – with the upcoming Meta Quest 3 costing $499 – though are lacking in some of the same features. Now Meta chief executive Mark Zuckerberg has responded to the launch of that headset, saying that it represents a “vision of the future of computing” that is “not the one I want”. He also said that Meta had already explored all of the technology in Apple’s headset. It had opted to avoid using some of that technology in its own products in part because of the high cost that would be required to do so, he told staff in a meeting that was first reported by The Verge. Mr Zuckerberg suggested that was one of a range of philosophical differences between Meta’s approach to the headset and Apple’s. He also pointed to Meta’s aim to feature social features at the heart of its own headsets, as well as fitness features. “From what I’ve seen initially, I’d say the good news is that there’s no kind of magical solutions that they have to any of the constraints on laws of physics that our teams haven’t already explored and thought of,” he said. “They went with a higher resolution display, and between that and all the technology they put in there to power it, it costs seven times more and now requires so much energy that now you need a battery and a wire attached to it to use it. They made that design trade-off and it might make sense for the cases that they’re going for. “But look, I think that their announcement really showcases the difference in the values and the vision that our companies bring to this in a way that I think is really important. We innovate to make sure that our products are as accessible and affordable to everyone as possible, and that is a core part of what we do. And we have sold tens of millions of Quests. “More importantly, our vision for the metaverse and presence is fundamentally social. It’s about people interacting in new ways and feeling closer in new ways. Our device is also about being active and doing things. By contrast, every demo that they showed was a person sitting on a couch by themself. I mean, that could be the vision of the future of computing, but like, it’s not the one that I want. “There’s a real philosophical difference in terms of how we’re approaching this. And seeing what they put out there and how they’re going to compete just made me even more excited and in a lot of ways optimistic that what we’re doing matters and is going to succeed. But it’s going to be a fun journey.” While Meta and Apple work together in many ways, they have occasionally clashed. Apple’s introduction of privacy features has in recent years curtailed the tracking required for Facebook’s ad business, for instance, which has occasionally to friction between the two.

Strong winds are bringing a wildfire north of Athens closer to the Greek capital, destroying homes and threatening

NEW YORK & SAN FRANCISCO--(BUSINESS WIRE)--Sep 18, 2023--

By Chavi Mehta and Jaspreet Singh (Reuters) -More advertisers are likely to flee Elon Musk's social-media company X after the

Meta Platforms Inc.’s Threads app — the social network launching this week to take on Twitter Inc. —

When you want to play a new video game, you either cough up $60 (or

TAIPEI Apple Inc supplier Foxconn said on Wednesday artificial intelligence applications would strongly drive demand for its server

Sasol Ltd. was castigated by South Africa’s national air quality officer for failing to cut pollution as its