Financial Briefs

Meta CEO Mark Zuckerberg announced that AI is helping boost traffic to Facebook and Instagram, increasing ad sales and revenue beyond expectations. As a result, Meta’s shares jumped by 12% in after-hours trading, adding over $50 billion to its market value. The company’s outlook for the year shows a narrower cost range and exceeded Q1 …

Meta’s AI power drives digital ads and share jump Read More »

Microsoft has launched the public preview of its AI-powered design tool, Designer, with an enhanced set of features. Similar to Canva, the web app allows users to create designs for posters, presentations, invitations, and social media. Designer utilizes user-generated content and OpenAI’s DALL-E 2 text-to-image AI for ideating designs, along with customization options such as …

Microsoft’s AI Designer tool now available in preview Read More »

Snapchat’s My AI chatbot, powered by ChatGPT, is raising concerns among parents and teens. Users can customize the bot’s name and avatar and bring it into conversations with friends, making it feel less like a transactional chat with a computer. This has led to worries about how the chatbot presents itself to young users. One …

Snapchat’s My AI chatbot alarms teens and parents Read More »

Amazon beat Wall Street’s expectations for Q1 earnings due to cost-cutting, but its stock dropped in extended trading due to concerns over the duration of the slowdown in cloud computing growth. AWS sales increased 16% to $21.4 billion in Q1, which is a slowdown from the 37% growth in the same period last year. Despite …

Amazon’s Stock Drops on Cloud Computing Concerns Despite Earnings Beat Read More »

AI’s potential to spread misinformation should be approached with caution, especially as it tends to occur more frequently in certain languages. A report by NewsGuard, a misinformation watchdog, reveals that ChatGPT provides more inaccurate information in Chinese dialects than in English. The researchers tested the language model by asking it to write news articles regarding …

Understanding the language-based lying patterns of ChatGPT Read More »

Generative AI is becoming more common in creative industries but raises legal questions about ownership, copyright infringement and unlicensed content in training data. The application of intellectual property laws to generative AI is currently being determined by courts, with several cases already filed. Companies using generative AI should ensure legal compliance and minimize risks by …

The Intellectual Property Challenge of Generative AI Read More »

Microsoft beat Wall Street’s targets for its fiscal Q3, largely due to its strong cloud computing businesses, causing MSFT stock to rise over 7%. The Redmond-based company earned $2.45/share on $52.9B in sales for the quarter ended March 31. Analysts predicted $2.24/share on $51B in sales. Microsoft’s earnings rose 10% YoY, while sales increased 7%. …

Microsoft’s Strong Cloud Growth Boosts Stock Performance Read More »

Meta’s Reality Labs unit, responsible for developing VR/AR technologies for the metaverse, incurred a $3.99B operating loss, according to Q1 earnings report. Revenue generated during the quarter was $339M. The figures indicate a decline from the previous quarter, where it suffered a $4.28B loss with $727M revenue. Meanwhile, Meta CEO Mark Zuckerberg is cutting costs …

Meta’s Reality Labs reports $3.99B loss as Zuckerberg invests in metaverse Read More »