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…

Read More

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…

Read More

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…

Read More

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…

Read More