Social media companies stand to lose billions in ad revenue if teens around the world are kicked off the platforms.
Our daily email brings you smart and engaging news and analysis on the biggest stories in business and finance. For free.
Deals with Meta, Nvidia and Softbank underscore concerns that Oracle is overexposed to a possible AI bubble.
A handful of high-profile defamation-by-AI-chatbot allegations against big tech firms are already stacking up.
You might recall that in 2021, Zuckerberg deemed the metaverse so vital to the future he renamed the entire company after it.
Anduril was last valued at $30 billion in June, when its $2.5 billion fundraising round was oversubscribed eight times.
Gemini was trained on Google’s in-house chips, which look like a cheaper and more efficient alternative to Nvidia’s cutting-edge products.
Wall Street’s smart money is starting to take out some short positions on the AI trade, albeit mostly around the industry’s fringes.
The White House hinted early Wednesday morning that Nvidia may regain greater access to the massive Chinese market.
Alibaba last week announced a new chatbot to challenge ChatGPT and new AI-powered smart glasses to challenge Meta.
The all-powerful cohort continues to define the broader market, which has officially been placed on the “bubble watchlist.”
Respondents in Bank of America’s October Global Fund Manager Survey cited an AI bubble as the biggest tail risk facing the global economy.
Meta will likely soon face competition from Amazon, Alphabet, Snap and other tech firms with augmented-reality glasses in development.
Zuck’s investment in Yoto comes after years of lawsuits claiming Meta addicted children to social media and failed to protect them online.
‘Governance should be taught, but isn’t. Ethics should be applied, but aren’t.’
As Meta’s market cap hovers near the $2 trillion mark, a successful launch of its glasses could put the tech giant over the edge.