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Stories published on Aug 1
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  • Stories published on Aug 1

Thursday, Aug 1

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Meta's Threads has 200 million users

www.engadget.com

The Threads app has passed the 200 million user mark, according to Meta exec Adam Mosseri. The milestone comes one day after Mark Zuckerberg said that the service was “about” to hit 200 million users during the company’s latest earnings…

23

Meta just launched the largest ‘open’ AI model in history. Here’s why it matters

theconversation.com

Open-source AI models promise a more democratic and transparent future. They can also be open to misuse – and ethical concerns remain.

Meta Mints Money, Canva Acquires Leonardo AI, Hedra Gen-AI Video Launches

www.forbes.com

Meta's second quarter revenue is up 22%, extending its winning streak. Canva's adding Gen-AI to keep up with former suitor Adobe. Hedra generates video and audio.

22

Apparently, no one wanted to talk to Meta’s ‘creepy’ AI celebrities

If you hadn't noticed the end of Meta's celebrity chatbot program, don't worry, neither did anyone else.

21

Meta’s AI spending spree is just fine with Wall Street

fortune.com

Investors shrugged off Meta's big investment in AI by sending the company's shares up 4%. Read More

Meta's AI apparently said the shooting at the Trump rally didn't happen. Here's what ChatGPT and Claude said.

Meta AI was slammed for its response to questions about the Trump assassination attempt. Here's what genAI chatbots like ChatGPT and Claude AI said.

20

Midday movers: Meta jumps, semi stocks Qualcomm, and Arm plunge

www.thestreet.com

The market is losing ground after U.S. jobless claims rose to the highest level since August 2023.

Meta Platforms 'In Rarified Air' With Scale, Growth, Profitability: 12 Analysts Size Up Q2 Results, How 'Zuck Won AI Bingo Before The Game Started'

www.benzinga.com

Meta Platforms beat estimates in the second quarter and announced Q3 guidance ahead of estimates. Here's what 12 analysts are saying about the Q2 results and what's next.

Meta’s next AI model to require nearly 10 times the power to train

Mark Zuckerberg expects the compute requirements for next year's Llama 4 to be "10 times" that of last month's Llama 3.

US Stocks Tumble On Economic, Geopolitical Concerns; Small Caps, Chipmakers Sink; Meta Rallies: What's Driving Markets Thursday?

www.benzinga.com

Markets experienced a sharp downturn, driven by heightened geopolitical tensions and economic uncertainties that negatively impacted investor risk sentiment, just a day after the Federal Open Market Committee (FOMC) meeting signaled a…

Remember the Meta AI celebrity avatars? They’re getting axed.

mashable.com

After less than a year, Meta has abandoned its celebrity AI personas feature due to lack of engagement.

Meta’s shares soar after revenue growth reassures investors on AI plan

www.ft.com

Facebook and Instagram’s parent company earnings show strength in core advertising business

19

Meta Platforms, Shake Shack rise; Moderna, Goodyear fall, Thursday, 8/1/2024

wtop.com

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Thursday: Meta Platforms Inc. (META), up…

Historic $1.4 Billion Data Privacy Settlement between Meta and Texas

www.jdsupra.com

The State of Texas and Meta Platforms Inc. (“Meta”) have agreed to a $1.4 billion settlement, to be paid out over five years, to resolve claims relating to Meta’s alleged use of facial recognition technology without user consent. This…

Meta scraps failed celebrity AI chatbots after users ignored them, deemed them creepy

nypost.com

Last year, Meta paid celebrities millions of dollars a year to license their image and likeness to create AI-powered chatbots.

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Mark Zuckerberg Now World’s Third-Richest Person—Meta Rally Adds $11 Billion To Fortune

www.forbes.com

Zuckerberg is more than three times richer than he was in late 2022 as Meta stock bounced back.

Meta shares pop 6% on earnings beat, rosy revenue forecast

www.cnbc.com

Shares of Meta popped after the company released second-quarter earnings that beat Wall Street's expectations and offered a rosy forecast.

17

Meta records loss of $4.5bn in Reality Labs during Q2

Meta published its second quarter earnings today, and has recorded a loss of $4.5 billion in its AR/VR Reality Labs division.