Meta reported second-quarter earnings on Wednesday and announced that its Reality Labs unit, responsible for developing virtual reality and augmented reality technologies for the metaverse, incurred a $3.7 billion operating loss. The unit generated $276 million in sales during the second quarter, a decrease from the $339 million in revenue achieved in the first quarter. …
The California attorney general’s office is currently conducting an investigation into Tesla. The investigation focuses on Autopilot safety issues and false advertising complaints. In order to gather information, the attorney general’s office is seeking input from both customers and former employees. This move comes after Greg Wester, the owner of a 2018 Tesla Model 3, …
During Amazon Web Services’ Reinvent conference at the Venetian in Las Vegas on Nov. 29, 2022, attendees explored the expo hall. Noah Berger | Getty Images Entertainment | Getty Images Amazon Web Services unveiled a groundbreaking service for health-care software providers called AWS HealthScribe. This service incorporates generative artificial intelligence and speech recognition to automatically …
Mark Zuckerberg, CEO of Meta Platforms Inc., arrived at federal court in San Jose, California, on Tuesday, December 20, 2022. David Paul Morris | Bloomberg | Getty Images Meta exceeded analysts’ expectations with its earnings and revenue for the second quarter and provided a positive outlook for the current period, indicating a recovery in the …
New York City Mayor Eric Adams recently met with a group of influential tech executives at Le Pavillon to emphasize the importance of tech investment in the city. However, some members of the tech community have expressed disappointment with Adams’ administration, feeling that they haven’t received the support they were promised. Executives from companies like …
Snapchat founder and CEO Evan Spiegel showcases a Pixy drone during an engaging session at the Viva Technology show in Paris on June 17, 2022. Photo Credit: Eric Piermont | AFP | Getty Images Snap shares witnessed a substantial decline at the commencement of trading, with a staggering 19% drop, as both analysts and investors …
Sundar Pichai, CEO of Alphabet. Source: Alphabet Alphabet has faced significant speculation this year regarding the health of its core search business. This is due to a decline in the digital advertising market and concerns about the potential impact of AI chatbots on web traffic. In its second-quarter earnings report, Alphabet demonstrated numerous pathways to …
Samsung introduced two new folding smartphones, the Samsung Galaxy Z Flip 5 and Galaxy Fold 5, along with a tablet and two smartwatches. The new phones come with improved hinges and displays, but mainly offer incremental upgrades compared to last year’s models. The Galaxy Z Flip 5 is a clamshell-style folding handset that fits comfortably …
SK Hynix, the South Korean chipmaker, released its second-quarter earnings report for 2023 on Wednesday. The company reported a operating loss of 2.88 trillion Korean won ($2.24 billion) due to sluggish demand for memory chips. However, SK Hynix remains optimistic about the recovery of the memory chip market, especially with the growing demand for artificial …
TikTok, with its billion users, has quickly become a major player in the music industry and is now aiming to revolutionize the way artists are discovered and compensated. The popular short video app recently launched a new service, TikTok Music, which is poised to compete with music-streaming giants Spotify and Apple Music. The company plans …