List of All Articles with Tag 'son'

Researchers observed conservatives engaging more with false news stories on Facebook than liberals during the US 2020 presidential

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

Facebook users in the US have just one more month to apply for a share of a $725 million privacy settlement. Meta agreed to pay the fine late last year, but those affected must explicitly ask for it by sending in a form. Those that don’t will miss out on any share of the vast settlement. The payment is part of an agreement, reached with Meta, to settle a lawsuit that alleged it allowed millions of its users’ personal information to be fed to Cambridge Analytica, a firm that supported Donald Trump’s 2016 presidential campaign. Anyone in the US who has had a Facebook account at any time between May 24, 2007, and December 22, 2022, is eligible to receive a payment. To apply for the settlement, users can fill out a form and submit it online, or print it out and mail it. The deadline is August 25. It’s not clear how much money individual users will receive. The larger the number of people submitting valid claims, the smaller each payment will be since the money has to be divided among them. The case sprang from 2018 revelations that Cambridge Analytica, a firm with ties to Trump political strategist Steve Bannon, had paid a Facebook app developer for access to the personal information of about 87 million users of the platform. That data was then used to target U.S. voters during the 2016 campaign that culminated in Trump’s election as the 45th president. Uproar over the revelations led to a contrite Zuckerberg being grilled by U.S. lawmakers and spurred calls for people to delete their Facebook accounts. Facebook’s growth has stalled as more people connect and entertain themselves on rival services such as TikTok, but the social network still boasts more than 2 billion users worldwide, including an estimated 250 million in the U.S. Beyond the Cambridge Analytica case, Meta has been under fire over data privacy for some time. In May, for example, the EU slapped Meta with a record $1.3 billion fine and ordered it to stop transferring users’ personal information across the Atlantic by October. And the tech giant’s new text-based app, Threads, has not rolled out in the EU due to privacy concerns. Additional reporting by Associated Press Read More Ukraine war’s heaviest fight rages in east - follow live Charity boss speaks out over ‘traumatic’ encounter with royal aide

The US Supreme Court cleared the way for Equitrans Midstream Corp. to resume construction on its controversial Mountain

The release of Christopher Nolan’s Oppenheimer has generated a flurry of interest in the man behind the atomic bomb, Julius Robert Oppenheimer. The film tells the story of the physicist and his role in the Manhattan Project, which was the the codename given to the development of the A-bomb. Oppenheimer, who referred to himself as “death, destroyer of worlds”, was the figurehead of the project, which involved splitting the atom and the devastation wrought by two atomic bombs being dropped on Japan in 1945. Sign up to our free Indy100 weekly newsletter The first bomb was dropped on the city of Hiroshima on 6 August 1945. It killed tens of thousands of people. It was nicknamed Little Boy. Oppenheimer Atomic bomb How it Works | First Nuclear Bomb www.youtube.com A second bomb fell days later on the city of Nagasaki, this time nicknamed Fat Man. Historians believe more than 200,000 people died as a result of the events, with millions more severely affected. Now, YouTube channel AiTelly has produced a video of what exactly happens inside such a weapon to create such a wave of destruction. The animation shows that when the bomb falls, it activates a switch that triggers a trio of navy gun primers, which in turn ignite a charge inside the weapon. Four silk powder bags containing two pounds of cordite, an explosive powder, push the the uranium projectile forward at 300 metres-per-second. The uranium collides with more uranium at the front of the bomb, combining them with four polonium initiators, which create nuclear fission. This is the act of splitting the atom, and it is what creates the huge expulsion of energy – the explosion. Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.

Elon Musk will force companies on X to pay at least $1,000 (£770) per month in order to keep their verified status on the platform. From 7 August, any brand that does not pay the fee to the company formerly known as Twitter will lose the gold check mark that appears next to the account name. The latest strategy, which was first reported by The Wall Street Journal, comes amid declining ad revenues and fresh competition from text-based platforms launched by Meta and TikTok. Mr Musk responded to the report by stating that brands could also pay $1,000 per month for a verified organisation subscription. “This more than pays for itself in organic reach,” he posted on X. “The reason for the $1,000/ month is to set a moderately high bar to be a verified org, so that an org must be of non-trivial size to qualify and to make it expensive for scammers to create millions of accounts.” Earlier this month, the tech billionaire revealed that the company was suffering from negative cash flow issues after advertising revenue dropped by 50 per cent following his $44 billion takeover of the platform. Mr Musk has undertaken aggressive cost-cutting measures, which included firing more than 6,000 employees. He has also appointed former advertising executive Linda Yaccarino as the firm’s CEO in an effort to woo advertisers. The rebranding from Twitter to X could also open up new revenue streams, with Mr Musk planning to transform the social network into an “everything app” similar to China’s WeChat. X has already secured money-transmitting licences in three US states, which will allow payments to be integrated into the platform. Ms Yaccarino said on Monday that she believed X represented “the future state of unlimited interactivity”, integrating audio, video, messaging, and the ability to book and pay for goods and services. Powered by AI, X will connect us all in ways we’re just beginning to imagine,” she posted on X. “For years, fans and critics alike have pushed Twitter to dream bigger, to innovate faster, and to fulfil our great potential. X will do that and more.” Read More What is Elon Musk’s ‘everything app’ X? Elon Musk takes control of @X account from user who had held it for 16 years Elon Musk’s ‘X’ is already trademarked by Mark Zuckerberg What is Elon Musk’s ‘everything app’ X?

Microsoft Corp. faces a European Union probe over concerns it’s driving out competition by unfairly bundling its Teams

The European Union is opeing a formal antitrust investigation targeting Microsoft into the software company’s Teams messaging and videoconferencing app over concerns that its bundling with its Office productivity sofware suite gives it an unfair edge over competitors

DUBLIN Digital rights group NOYB on Thursday filed a complaint against Ryanair, alleging that the airline is violating

JiDion said, 'I just hate when people make it more than it needs to be, instead of it being funny, they're making it'

Ten years after publishing her book “Lean In: Women, Work and the Will to Lead,” Sheryl Sandberg will launch a girls leadership program Thursday through her foundation to respond to what she calls stubborn gender inequities

Tristan Tate said, 'Show me you lack knowledge of history without showing me you lack knowledge of history'