Netflix touts $900k AI jobs amid Hollywood strikes
The job posting amid a strike partly driven by AI fears triggers an angry reaction from actors.
2023-07-28 10:56
College Board responds to comparisons between its AP course and Florida's Black history curriculum
The College Board said Thursday it "resolutely" disagrees with any notion that enslavement was beneficial for African Americans -- a statement coming after some people compared the contents of its Advanced Placement course on African American Studies with Florida's recently approved Black history curriculum.
2023-07-28 10:52
DeSantis and his team unleash on Rep. Donalds for questioning Florida's new Black history standards
Florida Gov. Ron DeSantis on Thursday accused Rep. Byron Donalds -- the only Black Republican in Florida's congressional delegation -- of aligning himself with Vice President Kamala Harris by critiquing the state's new standards for teaching Black history.
2023-07-28 09:28
Biden Set to Tighten Fuel-Efficiency Standards for Automakers
The Biden administration is poised to issue a proposal as early as Friday ordering automakers to increase the
2023-07-28 07:25
GameStop CFO Saadeh-Jajeh Resigns After Roughly One Year at Company
GameStop Corp., the struggling video game retailer, said Chief Financial Officer Diana Saadeh-Jajeh resigned, effective Aug. 11. The
2023-07-28 05:21
Each State's Favorite Tourist Attraction, Mapped
Here's where residents of each state like to visit when it's time to travel.
2023-07-28 04:24
US States Can Finally Start Applying for IRA Incentive Money
Almost a year after US President Joe Biden signed the Inflation Reduction Act into law, American consumers are
2023-07-28 04:23
Jim Jordan scraps committee contempt vote on Mark Zuckerberg
House Judiciary Chair Jim Jordan announced Thursday that he is scrapping his plans to move forward with a contempt vote in light of Facebook turning over more documents to the committee.
2023-07-28 02:58
Microsoft ‘Bears Responsibility’ For China-Tied Hacks, Senator Says
In a scathing letter sent to key federal agencies, Senator Ron Wyden called for multiple investigations of Microsoft
2023-07-28 02:58
Facebook False News in US Election Reached More Conservatives, Study Says
Researchers observed conservatives engaging more with false news stories on Facebook than liberals during the US 2020 presidential
2023-07-28 02:46
Deep dive into Meta's algorithms shows that America's political polarization has no easy fix
A team of some of the world's leading social media researchers has published four studies looking at the relationship between the algorithms used by Facebook and Instagram and America's widening political divide
2023-07-28 02:17
Mark Zuckerberg has lost $40 billion on metaverse, Meta results show – and he plans to lose even more
Mark Zuckerberg’s big bet on the metaverse has now lost $40 billion – and the company intends to lose even more. The huge figures were revealed as part of Meta’s latest results, which generally showed a strong rise in advertising revenue. But they also showed an increase in expenses at the company, with the development not only of the metaverse but also artificial intelligence and legal fees. Meta has been dramatically cutting costs and laying off staff. But at the same time it has been spending heavily on some projects, such as the metaverse, in the face of criticism from those who suggest that the bet is unlikely to pay off. That work on the metaverse is done by the company’s Reality Labs unit, which is responsible for developing technology like augmented reality glasses. It reported sales of $276 million, down from $452 million in the same quarter last year. The unit lost $3.7 billion in the second quarter, putting it on track to have far higher costs than the $5 billion annual target set out in a widely circulated investor note in the fall. The unit has lost more than $40 billion since 2021, including $13.7 billion last year. Meta said it expected Reality Labs operating losses to “increase meaningfully” in 2024 as the company continued to invest in augmented and virtual reality and “scale our ecosystem.” Zuckerberg had previously said Meta would “pace” investments in the division after 2023. He told investors he understood why many of them would feel discomfort over such a long-term bet. But the positive results across the company pushed Meta shares up 7.5 per cent. “We continue to see strong engagement across our apps and we have the most exciting roadmap I’ve seen in a while with Llama 2, Threads, Reels, new AI products in the pipeline, and the launch of Quest 3 this fall,” Meta chief executive Mark Zuckerberg said. Meta’s second-quarter revenue grew 11% to $32 billion in the quarter ended June 30, compared with analysts’ average estimate of $31.12 billion. Ad revenue rose 12% in the quarter, faster than growth at Google, where ad revenue rose 3%. Adjusted earnings per share of $2.98 topped Wall Street targets of $2.91, according to data from Refinitiv. The social media giant has been climbing back from a bruising 2022, buoyed by hype around emerging AI technology and an austerity drive in which it has shed around 21,000 employees since last fall. The company’s shares have more than doubled in value this year as a result. Advertisers are reinforcing those gains by pumping money into digital ads again after months of muted spending, heartened by signs that the economy may overcome a bout of high inflation without suffering a major meltdown. Brands are hedging their bets, however, and sticking with tried and true platforms. That helps Meta and Alphabet while punishing smaller players like Snap, which reported disappointing sales on Tuesday. Meta’s revenue forecast did not specify whether the figure includes any sales that might come from the recently launched Threads app, which does not yet have ads. Additional reporting by Reuters Read More Elon Musk’s ‘X’ is already trademarked by Mark Zuckerberg How Mark Zuckerberg’s new ChatGPT rival could lead to ‘obscene’ AI Meta unveils its ChatGPT rival Llama Here’s how to claim your share of $725m settlement in Facebook’s privacy lawsuit Elon Musk forces firms to pay X $1,000 to keep gold ticks Slack has stopped working
2023-07-28 00:24