Meta CEO Mark Zuckerberg said Wednesday that India is the largest market in terms of Meta AI usage, a notable milestone considering the product launched in India just a few months ago. Zuckerberg said during Meta’s second-quarter earnings call that people have used Meta AI for billions of queries since...

Mark Zuckerberg says India is the largest market for Meta AI usage

“Our revenues have not grown as expected – and we’ve yet to fully benefit from powerful trends, like AI,” said CEO Pat Gelsinger in a memo to employees. “Our costs are too high, our margins are too low. We need bolder actions to address both – particularly given our financial results and outlook for the second half of 2024, which is tougher than previously expected.”

Intel to lay off 15,000 employees

A source told The Information that TikTok was paying Microsoft almost $20 million per month to access OpenAI’s models as of March, making up nearly a quarter of the revenue generated by its increasingly lucrative cloud division. Microsoft’s cloud AI business was on track to earn $1 billion in...

TikTok is one of Microsoft’s biggest AI cloud computing customers

The first failed acquisition was the long-rumored deal to buy Boston-based CRM and marketing software company HubSpot. We never got a price on that, but the company’s market cap is in the $30 billion range, so you do the math. That rumor started in April and persisted for several months before finally dying when Bloomberg reported on July 10 that the companies were going separate ways.

It took some serious nerve for Wiz to walk away from Google’s $23B offer

New York City, NY

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Cheryl E Preston

Yesterday was the third time this year that an ad stating Chelsea Clinton lives in a beautiful Virginia home popped up on my laptop. My computer did not warn me this was a dangerous site, so this time, I clicked on the link.

Chelsea Clinton is rumored to be living in Virginia but probably still in NYC

Nvidia is investing in an intriguing array of smaller AI companies. Arm and SoundHound AI are the more established of these businesses. Nano-X, Recursion, and TuSimple are the more speculative plays. SoundHound AI, Arm, Nano-X, Recursion, and TuSimple are all in Nvidia's portfolio. Nvidia (NVDA 2.69%) is one of the...

Nvidia Is Buying Shares of These 5 AI Companies. Should You Do the Same?

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NewsNinja

A lady is cautioning others about purchasing budget earrings from Amazon, Shein, and H&M, after she experienced keloid formations on her earlobes due to wearing them. On a TikTok post that has garnered more than 334,000 likes, Sailor Rozema (@sailor.rozema), a content creator, shares a warning with her community of "dangly earring girls": the inexpensive jewelry found in fast fashion can have negative impacts on your well-being.

‘I’ll never be wearing earrings for the rest of my life’: Customer warns against buying from Shein

The Motley Fool

This cloud computing company could witness an improvement in growth thanks to the rising adoption of AI.

1 Incredibly Cheap Artificial Intelligence (AI) Stock to Buy Before It Skyrockets

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Facebook founder Mark Zuckerberg published an essay on the importance and benefits of open source AI, highlighting how it has benefitted Meta already.

Mark Zuckerberg shares an important message about the future of AI

PYMNTS

Microsoft and artificial intelligence (AI) startup OpenAI are often referred to as partners. Now, they’re also rivals. The tech giant has added OpenAI to its list of competitors, according to a Thursday (Aug. 1) report by The Wall Street Journal (WSJ), citing Microsoft’s fiscal 2024 report. That document places OpenAI in the company of other AI rivals such as Amazon and Google.

Microsoft Places OpenAI on List of AI/Search Rivals

California State

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The HD Post

CALIFORNIA – Plaintiffs, in a case against Wells Fargo alleging that the bank knowingly took part in a marketing scam, asked the court, July 8, not to grant a motion for summary judgment.

Class action lawsuit says Wells Fargo customers lost over $160 Million

J. Souza

Royal Caribbean’s Utopia of the Seas, a $1.35 billion behemoth of the sea, has recently been introduced to the world since its maiden voyage on July 19th. The ship, boasting nearly 5,700 passengers and a crew of over 2,200, offers an array of amenities designed to cater to multi-generational families on shorter 3- and 4-day itineraries.

Cruise Passengers Not Happy About Feature on World's Newest Mega Ship

Microsoft's investment in ChatGPT has looked like a great idea so far. Despite a rich valuation, Microsoft represents a compelling opportunity for long-term investors. Microsoft's next chapter will revolve around AI. The technology sector has been one of the best-performing industries so far in 2024 thanks in large part to...

A Once-in-a-Generation Investment Opportunity: 1 Spectacular Artificial Intelligence (AI) Stock to Buy Now and Hold Forever

Meta has shut down its AI chatbots that let you have conversations with alter-ego versions of celebrities, as reported by The Information. The celebrity chatbots were a big part of Meta’s announcements at its Connect event last September, now, you can’t talk with them anymore. The shutdown follows...

Meta moves on from its celebrity lookalike AI chatbots

Chicago, IL

Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

Cathie Wood successfully loaded up on Tesla once, and she is doing it again. Tesla's long-term prospects could rest on the success or failure of its autonomous vehicle efforts. Despite the investment fund's endorsement, Tesla stock remains speculative. Shares of electric vehicle (EV), energy storage, and artificial intelligence (AI) company...

Ark's Cathie Wood is Buying This Top Artificial Intelligence (AI) Stock Hand Over Fist

Florida State

Jacksonville Today

Republican Donald Trump has a 7-point lead over Democrat Kamala Harris among Florida voters, 49% to 42%, according to a new poll from the University of North Florida. Four percent are backing another candidate, and 6% are undecided or didn’t answer.

New Florida poll: Trump leads; support strong for abortion and recreational weed

Alphabet is one of the cheapest megacap technology stocks, despite being a leader in AI.

When You Look Back in 5 Years, You'll Wish You'd Bought This $2 Trillion Artificial Intelligence (AI) Stock

The aerospace giant has lost $1.6 billion on Starliner, including the $125 million, which was reported to regulators in a quarterly filing. While the company was awarded a massive $4.2 billion contract to accelerate Starliner development in 2014, it was structured as a “fixed-price” model. That means any cost overruns are solely the contractor’s responsibility.

Boeing bleeds another $125M on Starliner program, bringing total losses to $1.6B

The pharmaceutical giant in May said that a February incident resulted in the compromise of patients’ data, which Cencora obtained through partnerships with drug makers it works with in connection with its patient support programs. Some of those drug makers include AbbVie, Bayer, Pfizer and Regeneron. Cencora, known as...

Pharma giant Cencora is alerting millions about its data breach

NewsBreak

Microsoft now lists OpenAI as a competitor in AI and search

However, the tech giant called the startup a “competitor” for the first time in an SEC filing on Tuesday. In Microsoft’s annual 10K, OpenAI joined a...

Microsoft now lists OpenAI as a competitor in AI and search

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