Apple shares rose 2% after a rosy forecast fueled hopes of an iPhone sales rebound, even as tough competition and a lack of AI features weigh on demand in key market China.
Read More Apple rises as rosy forecast lifts hopes for iPhone rebound
Tag: meta
Microsoft, Meta back big AI spending despite DeepSeek’s low costs
Days after DeepSeek’s breakthrough low-cost AI computing shook the technology industry, CEOs of Microsoft and Meta defended massive spending saying it was crucial to staying competitive in the new field.
Read More Microsoft, Meta back big AI spending despite DeepSeek’s low costs
Meta Will Pay $25M To Trump In Suspended Accounts Settlement
Meta, formerly the Facebook company, is set to pay President Donald Trump $25 million in order to settle a 2021 lawsuit over the president’s previously suspended social media accounts.
Read More Meta Will Pay $25M To Trump In Suspended Accounts Settlement
What is DeepSeek and why is it disrupting the AI sector?
Chinese startup DeepSeek’s launch of its latest AI models is threatening to upset the technology world order.
Read More What is DeepSeek and why is it disrupting the AI sector?
Meta to spend up to $65 bln this year to power AI goals, Zuckerberg says
Meta Platforms plans to spend between $60 billion and $65 billion this year to build out AI infrastructure.
Read More Meta to spend up to $65 bln this year to power AI goals, Zuckerberg says
Meta To Reduce Workforce By 5% As Zuckerberg Focuses On Reducing ‘Low Performers’
Meta is planning to slash roughly 5% of its staff this year in a move aimed at getting rid of the slackers, CEO Mark Zuckerberg revealed on Tuesday.
Read More Meta To Reduce Workforce By 5% As Zuckerberg Focuses On Reducing ‘Low Performers’