Meta’s Reality Labs Continues to Invest Amidst 19% Revenue Growth in Q3
October 31, 2024 – Meta today released its unaudited financial results for the third quarter, reporting a revenue of 405.80billion,a19156.88 billion, marking a 35% year-over-year growth. Additionally, diluted earnings per share rose by 37% to $6.03. In September 2024, Meta’s “family” of services, including Meta, Instagram, WhatsApp, and Messenger, reached an average of 32.9 billion…
Zuckerberg’s AI Gamble: Meta Urges US Government to Adopt Llama Model
October 31, 2024 – During the third-quarter earnings call, Mark Zuckerberg, the CEO of Meta, revealed that the company is “working with the public sector to drive the adoption of the Llama AI model across US government agencies.” This announcement has sparked numerous questions: Which government departments will utilize Meta’s AI models? What purposes will…
SoftBank CEO Masayoshi Son Backs ASI, Prepares Multi-Billion Dollar Investment for Next Big Move
October 31, 2024 – According to a report by Reuters, Masayoshi Son, the CEO of SoftBank Group, reiterated on Tuesday (29th) his strong belief in the imminent arrival of Artificial Super Intelligence (ASI). He estimated that achieving this vision would require an investment of hundreds of billions of dollars. During a conference in Riyadh, Saudi…
Intel to Lay Off Hundreds at Polish R&D Center
October 30, 2024 – According to a report by the Warsaw Business Journal on October 29, citing documents submitted by Intel to the local labor office, the technology giant is planning to lay off hundreds of employees at its research and development center in Gdansk, Poland. In response to the report, an Intel spokesperson in…
Google Reveals: Over 25% of New Code Now AI-Generated
October 30, 2024 – Google is actively developing a range of artificial intelligence products, while also heavily utilizing AI in their construction process. According to CEO Sundar Pichai, during the company’s 2024 third-quarter earnings call, “more than a quarter of Google’s new code is now generated by artificial intelligence and then reviewed and accepted by…
OpenAI’s Revenue Surge: 75% from Consumer Subscriptions with ChatGPT Hitting 250 Million Weekly Active Users
October 30, 2024 – According to a report by Bloomberg, OpenAI generates approximately 75% of its revenue from consumer subscriptions, as disclosed by the company’s Chief Financial Officer, Sarah Friar. The consumer strategy of OpenAI revolves around its ChatGPT product, which offers a monthly subscription starting at $20. The report indicates that OpenAI has successfully…
German Automotive Industry Faces Job Losses of Up to 186,000 by 2035 Amid Transition
October 30, 2024 – According to a recent study published by the German Association of the Automotive Industry (VDA) on Tuesday, the transformation of the German automotive industry could potentially result in the loss of up to 186,000 jobs by 2035, with approximately a quarter of those positions already eliminated. The study, conducted by Prognos…
Alphabet Reports $263.01 Billion Net Income in Q3, Up 34% YoY
October 30, 2024 – Alphabet, the parent company of Google, today released its financial results for the third quarter of fiscal year 2024, ended September 30. The report revealed that the tech giant achieved a total revenue of 882.68billion,markinga15766.93 billion reported in the same period last year. When adjusted for currency fluctuations, the growth rate…
Microsoft Hits Back: Google Accused of Manipulating Regulators and Public Perception
October 29, 2024 – In a recent 1500-word blog post, Rima Alaily, the Deputy General Counsel of Microsoft, accused Google of using unfair tactics to undermine Microsoft. Alaily detailed multiple instances where Google attempted to discredit Microsoft through competition regulators, policymakers, and by misleading the public. Despite Google’s offer of a nearly $500 million settlement,…
Apple Intelligence Set to Launch in the EU by April 2025
October 29, 2024 – Apple has announced today that it plans to roll out its Apple Intelligence feature to iPhone and iPad users in the European Union in April 2025. This move will enable EU-based customers to experience the company’s new suite of AI-powered tools, including a smart writing assistant, Genmoji, and an enhanced version…