‘News on Facebook is dead’: memes replace Australian media posts as Meta turns off the tap

theguardian.com Meta has refused to enter into new deals with Australian media publishers for the use of their content on Facebook, leading to fears it may again implement a ban on news…

Big tech’s great AI power grab

economist.com BIG TECH wants more computing power. A lot more. According to their latest quarterly reports, Alphabet (Google’s corporate parent), Amazon and Microsoft—the world’s…

MercadoLibre stock price surges on Wall Street after earnings

thestreet.com You'll have to scroll a little bit to find Marcos Galperin, but he's definitely on the list. He's not up there in the top 10 with Tesla's (TSLA) Elon Musk, or Amazon's…

How Nvidia is dominating an AI-obsessed earnings season without even reporting yet

aol.com None Nvidia is dominating earnings season, and it hasn't even reported results yet. • None Other mega-cap tech giants have been mentioning on earnings calls that they're…

Wall Street big shots may be forced to cancel their summer vacations

businessinsider.com 2024 was supposed to be easy for Wall Street's speculators. There was an improving economic picture, a clear way to trade it, and the chance to take it easy while still…

The ending of Google's monopoly trial has Silicon Valley on edge

finance.yahoo.com Google has a lot at stake as a federal judge weighs whether the tech giant’s search empire should be broken up. So does the rest of Silicon Valley. A landmark antitrust case…

AI could drive a natural gas boom as power companies face surging electricity demand

cnbc.com Natural gas producers are planning for a significant spike in demand over the next decade, as artificial intelligence drives a surge in electricity consumption that…

Here's My Pick for the Best Mega-Cap Artificial Intelligence (AI) Stock to Buy Right Now

finance.yahoo.com Like many investors, I'm enthralled by the opportunities unleashed by artificial intelligence (AI). I agree with predictions that AI could be as big (or bigger) than the…

Disney may give stocks reason to cheer

thestreet.com Sometimes bad news is good news. It certainly seemed that way on Friday. The Labor Department reported job growth in April waned from a big jump reported in March. Investors…

3 Virtual Reality Stocks With the Potential to Make You an Overnight Millionaire

investorplace.com Dive into the potential of VR stocks; from gaming to beyond, seize the chance for multi-year growth Stock market investing can be intimidating, but it’s the large multi-year…

Here's Why I'm Loading Up on Meta Platforms Stock

finance.yahoo.com Meta Platforms (NASDAQ: META) stock has been on quite a run in 2024, with the stock up around 20% this year. Normally, investors would consider that a pretty good year, but…

Warren Buffet Says AI Could Be The Next Big Growth Industry

coingape.com Berkshire Hathaway’s Warren Buffett has made several statements at the company’s annual shareholders meeting. The dubbed Oracle of Omaha has taken on Artificial Intelligence…

‘Really Unforgivable’: Floyd Abrams Slams ‘Pure, Unadulterated Censorship’ By Social Media Apps On Israel Content

mediaite.com NewsNation host Dan Abrams took to the airwaves this week to question why some of his show’s content on the Israel-Hamas war was blocked from appearing on his show’s TikTok…

Meta launches quote post controls for all Threads users, who can allow quotes from everyone on Threads, only the people they follow, or disable quote posts

techcrunch.com Threads users can now exert more control over who can quote their posts. This builds on a feature that already allows Threads users to limit who can reply to their posts…

Ex-Meta intern’s job offer at Elon Musk’s Tesla gets revoked 72 hours before joining: ‘Frustrated and heartbroken’

hindustantimes.com An ex-Meta intern took to LinkedIn and claimed that her offer at Tesla was rescinded just 72 hours before she was supposed to join Elon Musk’s company. She shared that she…

This Week in AI: Generative AI and the problem of compensating creators

techcrunch.com Keeping up with an industry as fast-moving as AI is a tall order. So until an AI can do it for you, here’s a handy roundup of recent stories in the world of machine…

Week in Review

marketbeat.com The market rally to close the week was brought to you by the letter "A." Two Dow components, Apple and Amgen, accounted for about 50% of the gains in the NYSE as markets…

Stock Market Crash Alert: 3 Must-Buy Social Media Stocks When Prices Plunge

investorplace.com Bet on these top social media stocks to buy on the dip, offering robust upside ahead Social media stocks have had plenty of activity in the past couple of months. Reddit…

Stock Market Crash Alert: 7 Must-Buy Nasdaq Stocks When Prices Plunge

investorplace.com These Nasdaq stocks to buy are firing on all cylinders after reporting blowout quarterly earnings The market has been pulling back for the past few weeks and that is the…

Google's former CEO lists $24.5 million mansion in most expensive ZIP code in the US

aol.com May 4, 2024 at 5:12 AM • None Eric Schmidt, Google's ex-CEO, is selling his Atherton mansion for $24.5 million. • None The property, located in the most expensive US zip…

US Stock Market Outlook and Valuation for May 2024

morningstar.com Stocks drop enough in April to return to fair value from stretched. • Value and small-cap stocks remain most attractively priced for long-term investors. • Real estate,…

Mark Zuckerberg Is Now California's Richest Billionaire

growthglidepath.com With investments in artificial intelligence and a focus on reducing expenses, the CEO of Meta has strengthened his reputation and expanded his real estate holdings in the…

Markets News, May 3, 2024: Stocks End Higher After Benign Jobs Data; Major Indexes Post 2nd Straight Week of Gains

investopedia.com News that employers added fewer jobs than expected in April sent stocks sharply higher amid investor optimism that a long-awaited cooling of the economy could be on the…

3 Cheap Tech Stocks You’ll Regret Not Buying in 2024

investorplace.com The best cheap tech stocks to buy that can make you filthy rich Finding the best cheap tech stocks to buy can be a treasure hunt for savvy investors. While the concept of…

In a letter, several Democrats serving as their state's top election officials ask Meta to repeal a policy allowing ads that claim the 2020 election was stolen

apnews.com Several Democrats serving as their state’s top election officials have sent a letter to the parent company of Facebook, asking it to stop allowing ads that claim the 2020…

AI News: Meta Invests $30 Billion in NVIDIA GPUs for AI Development

coingape.com Meta has spent $30 billion on NVIDIA graphics processing units (GPUs) to improve its AI model training capabilities. During the “Forging the Future of Business with AI”…

Elon Musk’s Plan For AI News

thewrap.com Elon Musk emailed me this week with some surprising details about his plan to distill and present news on X using AI. I’d written him after trying Grok — X’s AI chatbot —…

Apple Takes Measured Approach to AI Amid Tech Giants’ Race

pymnts.com As tech giants like Google, Microsoft and OpenAI accelerate their artificial intelligence (AI) efforts, Apple is charting a more deliberate course and expressing optimism…

Smaller social platforms are adding TikTok-like features as TikTok’s future hangs in the balance

aol.com LTK is not TikTok. The creator-focused shopping platform has just 40 million monthly active users, versus the 1 billion who watch video clips posted on TikTok. TikTok…

Cramer: Why Apple's Vision Pro could contribute to earnings sooner than expected

cnbc.com One big question has hung over the Vision Pro since Apple launched the powerful mixed-reality headset in February: Who can afford the $3,499 price tag? The tech giant on…

Regulation Needed? UK’s AI Market Competition & Copyright

cryptonews.com On May 2nd, Baroness Stowell of Beeston, a member of the UK’s House of Lords, urged the British government to take a stronger stance on addressing copyright issues and…

Tech platforms make pitch for ad deals as TikTok is roiled by politics

theglobeandmail.com Short-form video took center stage at tech and social media companies’ annual presentations to advertisers, as platforms like Snap and Meta look to capitalize on TikTok’s…

BTC optimism as institutional investors report millions in Bitcoin ETFs ownership

finbold.com This year marked a significant shift in the investment landscape, as the Securities and Exchange Commission (SEC) approved nine spot Bitcoin exchange-traded funds (ETFs) in…

Meta's Surprising Stock Dive After Beating Earnings Expectations Could Signal A Hidden Opportunity For Investors As It Eyes A Historic High

benzinga.com Following the initial decline, Meta's stock has rebounded by more than 8%. On April 25th, Meta Platforms Inc's META stock fluctuation caught investors off guard, plunging…

Mark Zuckerberg is now California's richest billionaire after his fortune surged over the last year, report says

aol.com May 3, 2024 at 9:43 AM • None Mark Zuckerberg is California's richest billionaire, with a net worth of $177 billion, per Forbes. • None The Meta CEO's wealth has grown…

All Eyes On Palantir Stock Ahead Of Q1 Results; AI Players Arm, Arista Networks Set To Report

investors.com After strong results from chip giant Qualcomm (QCOM) in the latest week, several other technology firms are in the latest earnings calendar, including Palantir Technologies…

Lately: Meta’s AI, Gen Z loves Pinterest and a cyberattack hits another Canadian company

theglobeandmail.com Hi, I’m Samantha Edwards, an editor at The Globe and Mail. Welcome back to Lately, The Globe’s new tech newsletter where every Friday morning I break down the week’s biggest…

The FBI Feels Comfortable Talking To Social Media Companies Again

dealbreaker.com How badly did the arguments in the Murthy v. Missouri case go for the states last month? So badly that the FBI has already re-established communications with social media…

An airline launched a sale so low it crashed its website

thestreet.com With the average airplane fare rising by 29% from 2021 to 2024, it is not surprising that many people get excited when various ticket sales come around. Japan Airlines…

Meta Unveils AI-Powered Ad Tools at Newfronts

socialmediatoday.com Meta has announced a range of new ad tools at NewFronts 2024, including improved creator search for affiliate campaigns, multi-destination product ads for Reels, and more.…

Apple stock pops 6% after results top estimates, company reveals $110 billion buyback

finance.yahoo.com stock rose as much as 6% on Friday after the tech giant reported earnings that beat forecasts, sales that fell less than feared, and announced a new $110 billion share…

11 stocks that mattered most this earnings season

finance.yahoo.com The S&P 500 (^GSPC) is wrapping up its two busiest weeks of earnings reports this quarter, with more than half of the index reporting results. Companies have largely…

Introducing Solodev AI: A Cloud Platform for Building, Training, and Hosting Custom AI Apps and Models

benzinga.com ST. PETERSBURG, Fla., May 03, 2024 (GLOBE NEWSWIRE) -- Solodev, the cloud platform for developers, announced today the launch of Solodev AI, a cloud platform for building,…

Breaking: HK Firm Becomes Top Holder In BlackRock Bitcoin ETF (IBIT)

coingape.com Hong Kong-based Yong Rong HK Asset Management Ltd has become the largest holder in BlackRock iShares Bitcoin ETF (IBIT), as per new data revealed by Bloomberg Intelligence…

4 Magnificent 7 Stocks Also Pay Investors Very Dependable Dividends

247wallst.com Investors love dividend stocks because they provide dependable income and a great opportunity for solid total return. Total return includes interest, capital gains,…

Meta Implements New AI Disclosure Requirements

socialmediatoday.com Meta’s taking more steps to ensure that its users are aware of AI-generated content in its apps, with a new AI-generated label option now showing up within the post composer…

The next iPhone will probably feature AI

aol.com May 3, 2024 at 8:22 AM • None Tim Cook has said major AI announcements are coming. • None Wedbush's Dan Ives said Apple's AI efforts are set to drive a "supercycle" starting…

Social Platforms Face Challenges in India Business Development

socialmediatoday.com Over the last decade, India has become a key focus for many social apps. The second most populous nation in the world, India offers reach to more than a billion potential…

Amazon Web Services CEO: We're on track to hit $100 billion in sales in 2024

aol.com What's in the clouds for Amazon's (AMZN) lucrative AWS business: $100 billion in 2024 sales. "This quarter, we just announced a few days ago that AWS did hit the $100…

Stock Market Crash Alert: 3 Must-Buy Tech Stocks When Prices Plunge

investorplace.com Load up on these tech stocks when prices drop Some investors wait for corrections and crashes before pouring their money into tech stocks to buy. While investors who wait…