The online advertising market is experiencing a rebound, but the spoils are not being evenly shared. The latest earnings reports from social media giants Meta (formerly Facebook) and Snap reveal a stark contrast in their advertising growth. Meta’s ad business, which includes Facebook and Instagram, experienced a remarkable 24% growth from the previous year, positioning
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In an era where misinformation and deepfakes continue to plague social media platforms, Meta is taking a proactive step to identify AI-generated content. As the company gears up for upcoming elections worldwide, it aims to weed out false narratives and manipulated visuals. Meta recently announced that it is building tools to detect AI-generated images on
Federal Reserve Chair Jerome Powell has assured the public and the market that the central bank will proceed with caution when it comes to interest rate cuts in 2020. In an interview with “60 Minutes,” Powell expressed confidence in the economy and emphasized that the Federal Reserve’s decision-making process would not be influenced by the
In a recent interview, National Security Adviser Jake Sullivan affirmed that the United States is prepared to take further military action against Iran-backed groups. This declaration has raised concerns and heightened tensions in the already volatile region. Although Sullivan emphasized that the U.S. is not seeking a wider conflict, the prospect of additional strikes has
Technology giants like Meta and Amazon are experiencing a shift in their growth strategies as they mature in the industry. While both companies reported revenue that exceeded expectations, the real story for investors lies in their ability to achieve more with less. This allure of efficiency and prudent cash management has resonated with shareholders and
Tesla, the electric vehicle company founded by Elon Musk, has agreed to pay a fee of $1.5 million to settle a civil lawsuit filed by district attorneys representing 25 California counties. The lawsuit alleged that Tesla mishandled hazardous waste materials at its facilities throughout the state for years. According to the complaint filed by the
In a surprising turn of events, the House of Representatives has approved a $78 billion tax package. The bill includes a significant expansion of the child tax credit, a measure that aims to provide relief to struggling families. The package was passed with a majority of 357-70, highlighting its broad bipartisan support. However, despite this
A recent ruling by a Delaware judge has thrown the $56 billion pay package of Tesla CEO Elon Musk into question. This development has resulted in Tesla’s share price decreasing by about 3% in after-hours trading. The lawsuit, which was filed by shareholder Richard Tornetta, alleges that the compensation plan approved by the company’s board
In a recent internal letter to employees, PayPal CEO Alex Chriss announced that the company will be cutting approximately 2,500 jobs, which amounts to about 9% of its global workforce. The cuts will affect existing roles as well as job listings that had been planned to hire for, and will be carried out throughout the
In an effort to promote the safe and responsible use of artificial intelligence (AI), OpenAI recently announced its partnership with Common Sense Media. This collaboration aims to educate teens on the proper utilization of AI technologies while considering the potential risks and benefits. By developing AI guidelines and educational materials, these organizations are dedicated to