DIRS.INFO The most relevant business & tech news

☆ Meta's new AI assistant is rolling out across WhatsApp, Instagram, Facebook and Messenger
▼ + stars: | 2024-04-18 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +1 min

Meta founder and CEO Mark Zuckerberg speaks during Meta Connect event at Meta headquarters in Menlo Park, California on September 27, 2023. Meta on Thursday announced its free artificial intelligence assistant, Meta AI, is rolling out across its social media platforms WhatsApp, Instagram, Facebook and Messenger. The assistant can answer questions, create animations and generate images, Meta CEO Mark Zuckerberg said in a video. Meta AI was built on the company's latest large language model called Meta Llama 3, which was also announced Thursday. "We believe that Meta AI is now the most intelligent AI assistant that you can freely use," Meta CEO Mark Zuckerberg said in the video.

Persons: Mark Zuckerberg, OpenAI's ChatGPT Organizations: Meta, Facebook, Google, Microsoft Locations: Menlo Park , California

☆ Meta shares hit intraday record after analyst says company 'has too many advantages to count'
▼ + stars: | 2024-04-04 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +3 min

Meta founder and CEO Mark Zuckerberg speaks during the Meta Connect event at Meta headquarters in Menlo Park, California, on Sept. 27, 2023. Meta shares jumped to an intraday record on Thursday after analysts at two firms raised their price targets on the stock, citing optimism over the company's growing market share in digital advertising. Analysts at Jefferies lifted their price target on Meta to $585 from $550 and said the company's gain in the ad market will increase this year. Among the roughly 50 price targets tracked by FactSet, RBC's estimate is tied for the highest along with that of both Wells Fargo and First Shanghai. The decision to invest $27 billion in capital expenditures last year "has helped the company develop several strategic advantages over its peers."

Persons: Mark Zuckerberg, Wells, Zuckerberg, Meta, they've Organizations: Meta, Nasdaq, Federal Reserve, Jefferies, RBC Capital Markets, Amazon, Google, RBC Locations: Menlo Park , California, First Shanghai, TikTok, U.S

☆ Meta shares surge 17% in premarket trade after announcing first-ever dividend
▼ + stars: | 2024-02-02 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

Meta founder and CEO Mark Zuckerberg speaks during Meta Connect event at Meta headquarters in Menlo Park, California on September 27, 2023. Josh Edelson | AFP | Getty ImagesShares of Facebook parent company Meta jumped Friday, after the firm reported a threefold jump in fourth-quarter profit and issued its first-ever dividend. First-ever dividendMeta said it would pay investors a dividend of 50 cents a share on March 26, in the company's first-ever cash dividend. Meta also announced a $50 billion share buyback. Ben Barringer, technology analyst at Quilter Cheviot, said this represented a "symbolic moment and indicates what a turnaround story Meta has been on since its struggles in 2022."

Persons: Mark Zuckerberg, Josh Edelson, Meta, Ben Barringer, Cheviot, Barringer Organizations: Meta, AFP, Getty, Facebook, Revenue, Investors, Microsoft Locations: Menlo Park , California, U.S

☆ Tech execs are telling investors they have to spend money to make money on AI
▼ + stars: | 2024-02-02 | by ( Hayden Field | ) www.cnbc.com time to read: +10 min

One theme investors heard repeatedly from top execs is that, when it comes to AI, they have to spend money to make money. Last year marked the beginning of the generative AI boom, as companies raced to embed increasingly sophisticated chatbots and assistants across key products. One key priority area, based on the latest earnings calls, is AI models-as-a-service, or large AI models that clients can use and customize according to their needs. Alphabet executives highlighted Vertex AI, a Google product that offers more than 130 generative AI models for use by developers and enterprise clients such as Samsung and Shutterstock. Alphabet executives touted Google's Duet AI, or "packaged AI agents" for Google Workspace and Google Cloud, designed to boost productivity and complete simple tasks.

Persons: Sundar Pichai, Mandel Ngan, Satya Nadella, Mark Zuckerberg, Josh Edelson, Zuckerberg, Nadella, Amy Hood, Pichai, You've, durably, Ruth Porat, Andy Jassy, Jassy, Tim Cook, Cook, Thos Robinson, Microsoft's, Rufus, Bard Organizations: Artificial Intelligence, AFP, Getty, Microsoft, Apple, Nvidia, Meta, Google, Amazon, New York Times, Samsung, GE, Spotify, Pfizer Locations: Washington ,, Menlo Park , California, LLMs, New York City

☆ Meta is paying first-ever dividend, authorizes $50 billion buyback
▼ + stars: | 2024-02-01 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +1 min

Meta founder and CEO Mark Zuckerberg speaks during the Meta Connect event at Meta headquarters in Menlo Park, California, on Sept. 27, 2023. Meta announced on Thursday that it will pay a quarterly dividend for the first time, and that it had authorized an expanded $50 billion share buyback program. The Facebook owner will pay a 50 cent per share dividend, joining peers Apple , Microsoft and Oracle , all of which pay regular dividends. Shares rose more than 12% on the earnings report and the news of the buyback and dividend. The expanded share buyback authorization comes just two weeks after Meta shares eclipsed their 2021 high, breaking through $378.

Persons: Mark Zuckerberg, Meta Organizations: Meta, Facebook, Apple, Microsoft, Oracle Locations: Menlo Park , California

☆ Meta’s Reality Labs loses record $4.65 billion ahead of Apple's Vision Pro launch
▼ + stars: | 2024-02-01 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +1 min

Mark Zuckerberg, CEO of Meta Platforms, demonstrates the Meta Quest Pro during the virtual Meta Connect event in New York on Oct. 11, 2022. Meta continues to sink billions of dollars a quarter into developing the metaverse, and is just now facing its first real competitive threat from Apple . In its fourth-quarter earnings report Thursday, Meta said its Reality Labs unit recorded an operating loss in the period of $4.65 billion. The metaverse division has now lost more than $42 billion since the end of 2020, the first quarter for which numbers are available publicly. Revenue within Reality Labs was more than $1 billion in the fourth quarter, up from $727 million in the same period a year earlier.

Persons: Mark Zuckerberg, Meta, StreetAccount Organizations: Meta, Apple, Reality Labs Locations: New York

☆ Mark Zuckerberg says Meta will 'keep things lean,' going big in AI with a lid on hiring
▼ + stars: | 2024-02-01 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +2 min

Meta founder and CEO Mark Zuckerberg speaks during the Meta Connect event at Meta headquarters in Menlo Park, California, on Sept. 27, 2023. Mark Zuckerberg is so pleased with his "year of efficiency" that he's extending it indefinitely. On Thursday's earnings call, after Meta reported fourth-quarter financials that sailed past analysts' estimates, Zuckerberg said he wants to "keep things lean" and has no plans to accelerate hiring. At the time, Meta was facing a tough digital ad market and the lingering effects of Apple's 2021 iOS update. On Thursday, Meta reported fourth-quarter sales growth of 25%, the fastest rate of expansion since mid-2021, to $40.1 billion.

Persons: Mark Zuckerberg, Zuckerberg, Meta Organizations: Meta, Nvidia Locations: Menlo Park , California

☆ Facebook is turning 20. Now Mark Zuckerberg is figuring out what comes next for Meta.
▼ + stars: | 2024-01-28 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewMark Zuckerberg has been steering the ship since he cofounded Facebook almost 20 years ago. Unlike some of the other founding fathers of major tech firms, the Meta CEO has not yet handed over the reins to someone else. This story is available exclusively to Business Insider subscribers. Meta didn't respond to a request for comment from Business Insider.

Persons: —, Mark Zuckerberg, Jeff Bezos, Larry Page, Zuckerberg, Josh Edelson, Linette Lopez, Andrew Bosworth, it's, It's, Bill Gates, Warren Buffett Organizations: Service, Facebook, Business, Meta, Getty, Bloomberg, Reality Labs, Microsoft, Berkshire Hathaway Locations: AFP, Berkshire

☆ Meta shares close at a record as last year's mega rally continues
▼ + stars: | 2024-01-19 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +1 min

Meta founder and CEO Mark Zuckerberg speaks during the Meta Connect event at Meta headquarters in Menlo Park, California, on Sept. 27, 2023. The share rose almost 2% on Friday to close at $383.45, setting a new record. Zuckerberg pitched 2023 as a "year of efficiency" following a disastrous 2022, when the stock plunged 64% to its lowest since 2016. However, Meta's market cap is still below its record, because the company has been buying back tens of billions of dollars in stock, reducing the number of shares outstanding. Watch: The AI dark horse: Why Apple could win the next evolution of the AI arms race

Persons: Mark Zuckerberg, Mark Zuckerberg's, Zuckerberg, Meta Organizations: Meta, Apple Locations: Menlo Park , California

☆ Mark Zuckerberg indicates Meta is spending billions of dollars on Nvidia AI chips
▼ + stars: | 2024-01-18 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +3 min

Meta founder and CEO Mark Zuckerberg speaks during the Meta Connect event at Meta headquarters in Menlo Park, California, on Sept. 27, 2023. Meta is spending billions of dollars on Nvidia's popular computer chips, which are at the heart of artificial intelligence research and projects. In December, tech companies like Meta, OpenAI and Microsoft said they would use the new Instinct MI300X AI computer chips from AMD. Meta is currently training Llama 3 and is also making its Fundamental AI Research team (FAIR) and GenAI research team work more closely together, Zuckerberg said. Shortly after Zuckerberg's post, LeCun said in a post on X, that "To accelerate progress, FAIR is now a sister organization of GenAI, the AI product division."

Persons: Mark Zuckerberg, Zuckerberg, Raymond James, Meta, Yann LeCun, LeCun, Jensen Huang, Zuckerberg's, Kif Leswing Organizations: Meta, Nvidia, Zuckerberg, eBay, Microsoft, AMD, AI Research, FAIR, Apple Locations: Menlo Park , California, San Francisco

☆ Meta’s China quest thaws thin layer of dense cube
▼ + stars: | 2023-11-10 | by ( Anita Ramaswamy | ) www.reuters.com time to read: +4 min

In August, the United States banned domestic companies from making some new investments in Chinese tech, including computer chips and artificial intelligence systems. Chinese-based ByteDance, the owner of TikTok, counts the United States as its largest market. Selling virtual reality hardware primarily used for gaming is also an easier way of entering China. CONTEXT NEWSMeta Platforms struck a preliminary deal to sell virtual reality headsets in China through an exclusive partnership with Tencent, the Wall Street Journal reported on Nov. 9. China banned Meta’s Facebook platform from the country in 2009 and subsequently banned its WhatsApp and Instagram services as well.

Persons: Carlos Barria, Susan Li, Joe Biden, China’s Xi, Biden, Meta’s, Meta, ByteDance’s, Apple’s, Lauren Silva Laughlin, Sharon Lam Organizations: Meta, REUTERS, Reuters, HK, Wall Street, Facebook, United, Huawei, Companies, Republican, Tencent, Google, New York Times, Thomson Locations: Menlo Park , California, U.S, China, Beijing, Washington, United States, San Francisco, Texas, Florida, Montana

☆ Meta lets Amazon shoppers buy products on Facebook and Instagram without leaving the apps
▼ + stars: | 2023-11-09 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +5 min

"For the first time, customers will be able to shop Amazon's Facebook and Instagram ads and check out with Amazon without leaving the social media apps," an Amazon spokesperson said in a statement. Amazon said last month that sales in its online ad business grew 26% from a year earlier in the third quarter to $12.06 billion. By partnering with Amazon, Meta can make it easier to allow shops to sell goods on Facebook and Instagram without creating custom storefronts on those apps. Meta provided some details about the new feature on Tuesday on a support page titled "Purchase with Amazon without leaving Facebook or Instagram." "You can check out with Amazon without leaving Facebook or Instagram, and experience more relevant ads."

Persons: Mark Zuckerberg, that's, Stuart McMullin, Maurice Rahmey, Rahmey, —, Annie Palmer Organizations: Meta, Facebook, Amazon, LinkedIn, CNBC Locations: Menlo Park , California, U.S, Pinterest

☆ Meta’s Reality Labs loses $3.7 billion in third quarter as Zuckerberg's big bet keeps bleeding cash
▼ + stars: | 2023-10-25 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +2 min

Revenue in the virtual reality and augmented reality division dropped 26% from $285 million a year earlier, to $210 million. The new product contains an improved "passthrough" feature that creates more of a mixed reality experience. The Quest 3 has a starting cost of $499, which is $200 more than the Quest 2 but $500 cheaper than the high-end Quest Pro VR headset. In June, Meta debuted the Meta Quest+ VR subscription service for users who want to access two new games each month. The subscription service costs $7.99 a month and works with the Quest 2, Quest Pro and Quest 3 VR headsets.

Persons: Mark Zuckerberg, Meta, Francis Haugen Organizations: Meta, Inc, Revenue, Reality Labs, Facebook, VR, Developers, CNBC, Quest Pro Locations: New York

☆ Watch Mark Zuckerberg use AI Ray-Bans to guide him through how to braid his daughter's hair
▼ + stars: | 2023-10-19 | by ( Haley Tenore | ) www.businessinsider.com time to read: +3 min

In an Instagram video, he used the glasses' AI to guide him through braiding his daughter's hair. In an Instagram video, Zuckerberg can be seen asking the Ray-Bans, "Hey Meta, how can I make a braid?" Meta's AI then guides him through the steps as he braids his daughter's hair. AdvertisementAdvertisementMeta's latest line-up of its Ray-Bans smart glasses was first announced in late September at the 2023 Meta Connect. Snapchat also came out with its take on smart glasses in 2016, and continues to come out with updated versions.

Persons: Mark Zuckerberg, Ray, Instagram Ray, —, Zuckerberg, Priscilla, Meta Wayfair, Meta, Buzzfeed, they're, Snapchat Organizations: Ban, Meta, Service, Facebook, Amazon

☆ Meta's unique approach to developing AI puzzles Wall Street, but techies love it
▼ + stars: | 2023-10-16 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +18 min

If the world's leading AI researchers use Llama, Meta could have an easier time hiring skilled technologists who understand the company's approach to development. Spisak helped oversee PyTorch and other open source AI projects when he worked at Meta from 2018 until January 2023. Although a number of open source LLMs are available, Lambert said Llama 2 is by far the most popular. "Facebook was not and that's sort of how they move forward and democratizing this, giving sort of broad access to open source. However, open source doesn't always win, and Padval acknowledged that "in this case, I don't know how it's going to evolve."

Persons: Mark Zuckerberg, Josh Edelson, Mark Zuckerberg's multibillion, Joseph Spisak, that's, Zuckerberg, Meta, Andrew Bosworth, Yann LeCun, isn't, Susan Li, Spisak, Cai GoGwilt, GoGwilt, OpenAI's, Ahmad Al, Dahle, he's, Jim Fan, Arjun Bansal, Jensen Huang, Nathan Lambert, Lambert, Critics, Umesh Padval, " Lambert, Nvidia's, Fan, Meta's, Taka Ariga, Ariga, Claude, Elon Musk, Tesla, Nur Hamdan, OpenAI's GPT, Sam Altman, Guido Appenzeller, Thomvest's Padval, Padval Organizations: Meta, AFP, Getty, Microsoft, Industry, Linux, Microsoft Windows, Facebook, Twitter, Finance, Google, AI Research, FAIR, Apple, Nvidia, Web Services, Thomvest Ventures, TC Cowen, United, United Arab Emirates, U.S, Government, AWS, Bloomberg, Amazon, VMware, Intel, Red Hat Locations: Menlo Park , California, Taiwan, United Arab, Washington, Elon, Hamadan, Seoul, South Korea

☆ Top Wall Street analysts believe in the long-term potential of these stocks
▼ + stars: | 2023-10-15 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +7 min

In this article COSTMUINTCMETAAMZN Follow your favorite stocks CREATE FREE ACCOUNTAn Amazon delivery truck at the Amazon facility in Poway, California, Nov. 16, 2022. Investors seeking a sense of direction can turn to analysts who identify companies that have lucrative long-term prospects and the ability to navigate near-term pressures. To that end, here are five stocks favored by Wall Street's top analysts, according to TipRanks, a platform that ranks analysts based on their past performance. JPMorgan analyst Doug Anmuth noted the recent sell-off in AMZN stock and highlighted certain investor concerns. Also on investors' mind is Amazon Web Services' growth, with multiple third-party data sources indicating a slowdown in September.

Persons: Sandy Huffaker, Wall, Doug Anmuth, Anmuth, TipRanks, Needham, Quinn Bolton, Bolton, Sidney Ho, Ho Organizations: MU, Reuters Investors, Investors, JPMorgan, Federal Trade, Meta, Meta Connect, Intel, Systems Business, PSG, Bolton, TipRanks, Micron Technology, Deutsche Bank, Micron, Costco Locations: Poway , California

☆ Big Tech is promising AI assistants straight out of 'Iron Man' in an attempt to tackle our endless lists of 'crapmin'
▼ + stars: | 2023-10-05 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

Microsoft, Meta, and more are touting AI assistants that are far more advanced than Siri and Alexa. These AI assistants have the potential to deal with tedious digital tasks, or "crapmin." From Microsoft to Meta, tech companies leading the charge in AI are starting to make clear what the future of AI looks like to them. Meta's AI assistant "surfaces options directly in the chat, so you can decide as a group which location to explore." Letting an AI assistant take care of all aspects of our "crapmin" will require a lot of confidence in its capabilities.

Persons: Siri, Alexa, Tony Stark's Jarvis, —, Man's, AI's Jarvis, Iron, Satya Nadella, Mark Zuckerberg, resuscitating, Zuckerberg, –, Jarvis, they've, Copilot, Yusuf Mehdi, Bing, Mehdi Organizations: Microsoft, Meta, Service, Man's Stark Industries, Meta's Connect, Bing Locations: California

☆ Meta starts rolling out generative AI tools for all advertisers
▼ + stars: | 2023-10-04 | by ( ) www.reuters.com time to read: +1 min

[1/2] Meta CEO Mark Zuckerberg delivers a speech, as the letters AI for artificial intelligence appear on screen, at the Meta Connect event at the company's headquarters in Menlo Park, California, U.S., September 27, 2023. REUTERS/Carlos Barria/File Photo Acquire Licensing RightsOct 4 (Reuters) - Social media giant Meta Platforms (META.O) said on Wednesday that it has started rolling out generative artificial intelligence (AI) tools that can create content like image backgrounds and variations of written text for all advertisers. The company started testing these tools in May, giving access to a select group of advertisers in a "testing playground". The tools will be available in Meta's Ads Manager and their rollout will be completed next year. Meta's portfolio of AI products includes its language model "Llama 2" and an AI chatbot called Meta AI that can generate text responses and photo-realistic images.

Persons: Mark Zuckerberg, Carlos Barria, Instagram, Zaheer Kachwala, Katie Paul, Shailesh Kuber Organizations: Meta, REUTERS Locations: Menlo Park , California, U.S, Bengaluru

☆ Here are Monday's biggest analyst calls: Apple, Meta, Rivian, Nvidia, Amazon, U.S. Steel, FedEx & more
▼ + stars: | 2023-10-02 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Monday's biggest calls on Wall Street: Goldman Sachs adds Nvidia to the conviction buy list Goldman said the stock is well positioned to benefit for AI. UBS initiates Sunnova as buy UBS said the solar company is best positioned to take share. Morgan Stanley upgrades U.S. Steel to overweight from equal weight Morgan Stanley said in its upgrade of the steel stock that the transformation continues. UBS reiterates Amazon as buy UBS raised its price target on Amazon to $180 per share from $175 and says it's bullish on ads in Prime video content. Morgan Stanley reiterates TJX Companies as overweight Morgan Stanley said it's sticking with its overweight rating after a meeting with company management.

Persons: Goldman Sachs, Goldman, bullish, Evercore, RIVN, Gordon Haskett, Piper Sandler, Piper, Jefferies, Truist, Wells, ROY, SolarEdge, Morgan Stanley, Davidson, CLX, it's Organizations: Nvidia, UFC, WWE, UBS, NOVA, Susquehanna, FedEx, Meta Connect, Microsoft, Barclays, JPMorgan, Apple, Steel, Bank of America, NSC, Amazon, TJX Companies Locations: PODD, GLP, 3Q23, 2Q23, 1Q23, 4Q23, Europe, Bank of America downgrades Norfolk Southern

☆ Meta has Apple to thank for giving its annual VR conference added sizzle this year
▼ + stars: | 2023-09-30 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +7 min

The iPhone maker in June announced its Vision Pro mixed-reality headset at an eyepopping price of $3,499 when it goes on sale next year. "There's curiosity for sure with Apple entering the market," said Tom Symonds, CEO of the UK-based VR firm Immerse. Apple CEO Tim Cook stands next to the new Apple Vision Pro headset. At its high price point, the Vision Pro will likely be more of a product for businesses, Seitz said. Initially, the price is too high and the Vision Pro will require users to wear a battery pack, creating an added nuisance during a workout.

Persons: Andrew Bosworth, Josh Edelson, Mark Zuckerberg, it's, Tom Symonds, Meta, Zuckerberg, Tim Cook, Justin Sullivan, Aneesh Kulkarni, Kulkarni, Josette Seitz, Seitz, Gaspar Ferreiro, Apple, Ferreiro, Jeffrey Morin, Morin, Litesport, " Morin, Apple's Organizations: Facebook, Meta, AFP, Getty, VR, Menlo, Apple, Street, Apple Vision, Baltu Technologies, Car Studios, Vision Locations: Menlo Park , California, Web3, billings

☆ Meta's new AI assistant trained on public Facebook and Instagram posts
▼ + stars: | 2023-09-28 | by ( Katie Paul | ) www.reuters.com time to read: +4 min

He cited LinkedIn as an example of a website whose content Meta deliberately chose not to use because of privacy concerns. Meta AI was the most significant product among the company's first consumer-facing AI tools unveiled by CEO Mark Zuckerberg on Wednesday at Meta's annual products conference, Connect. The public Facebook and Instagram posts that were used to train Meta AI included both text and photos, Clegg said. Interactions with Meta AI may also be used to improve the features going forward, the spokesperson said. Clegg said Meta imposed safety restrictions on what content the Meta AI tool could generate, like a ban on the creation of photo-realistic images of public figures.

Persons: Mark Zuckerberg, Carlos Barria, Meta, Global Affairs Nick Clegg, We've, Clegg, Bing, Mickey Mouse, Katie Paul, Kenneth Li, Matthew Lewis, Lincoln Organizations: Meta, REUTERS, MENLO, Facebook, Reuters, Global Affairs, Google, Microsoft's, Thomson Locations: Menlo Park , California, U.S, , California

☆ Meta's new AI chatbot trained on public Facebook and Instagram posts
▼ + stars: | 2023-09-28 | by ( Katie Paul | ) www.reuters.com time to read: +4 min

REUTERS/Carlos Barria/File Photo Acquire Licensing RightsMENLO PARK, California, Sept 28 (Reuters) - Meta Platforms (META.O) used public Facebook and Instagram posts to train its new Meta AI virtual assistant, but excluded private posts shared only with family and friends in an effort to respect consumers' privacy, the company's top policy executive told Reuters in an interview. "We've tried to exclude datasets that have a heavy preponderance of personal information," Clegg said, adding that the "vast majority" of the data used by Meta for training was publicly available. He cited LinkedIn as an example of a website whose content Meta deliberately chose not to use because of privacy concerns. Meta AI was the most significant product among the company's first consumer-facing AI tools unveiled by CEO Mark Zuckerberg on Wednesday at Meta's annual products conference, Connect. The public Facebook and Instagram posts that were used to train Meta AI included both text and photos, Clegg said.

Persons: Mark Zuckerberg, Carlos Barria, Meta, Global Affairs Nick Clegg, We've, Clegg, Bing, Mickey Mouse, Katie Paul, Kenneth Li, Matthew Lewis Organizations: Meta, REUTERS, MENLO, Facebook, Reuters, Global Affairs, Google, Microsoft's, Thomson Locations: Menlo Park , California, U.S, , California, Menlo Park, California

Meta's AI initiatives are likely to be a key aspect of how it monetizes products and services going forward, while bringing more users and customers into the AI fold. Whereas Meta's headset is priced for mass-market adoption, Apple's headset is clearly a premium device targeted to those who demand the most cutting-edge technology — such as micro-OLED lenses with eye-tracking capabilities . Similarly, JMP Securities argued that the event "highlights Meta's AI tailwinds," which could "unlock additional advertising budgets with new chat-based customer service." Meanwhile, we expect adoption of Meta's Quest 3 hardware to grow. But the integration of the Meta AI assistant into that platform should ultimately make the glasses a more valuable product over time.

Persons: Ray Ban, Jim Cramer, Bing, Ray, Meta, Jim Cramer's, Jim, Mark Zuckerberg, Josh Edelson Organizations: Meta's, Meta, EssilorLuxottica, Apple, Microsoft, JMP Securities, CNBC, AFP, Getty Locations: Menlo Park , California

☆ US government shutdowns don’t send markets tanking, but the coast is far from clear
▼ + stars: | 2023-09-28 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

During the most recent government shutdown in 2019, the S&P 500 rose more than 10%. The S&P 500 on Tuesday logged its lowest close since June and fell below the threshold it passed that same month to enter a new bull run. The S&P 500 has gained 0.5% on average during the month following the end of a shutdown and 1.5% during the period three months after. Meta’s Zuckerberg unveils Quest 3Meta is moving forward in its efforts to dominate the AR world with the new and improved Meta Quest 3, reports my colleague Jennifer Korn. The Meta Quest 2 allows for strictly virtual reality, while the Meta Quest Pro has advanced passthrough cameras for seeing your actual surroundings, but it costs a whopping $1,000.

Persons: shutdowns, ”, Steven Wieting, Goldman Sachs, Jeffrey Roach, Ned Davis, Meta’s Zuckerberg, Jennifer Korn, Mark Zuckerberg, Jeanne Sahadi, Read Organizations: CNN Business, Bell, CNN, Strategas Research Partners, Citi Global Wealth, Reserve, LPL, Fed, Stocks, Ned Davis Research, Meta, Pro, Fortune, Pew Research Center, Pew Locations: United States

☆ Here are Thursday's biggest analyst calls: Meta, Apple, Amazon, GE, Sunrun, Micron, Microsoft & more
▼ + stars: | 2023-09-28 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Citi reiterates Sunrun as buy Citi said it's bullish heading into Sunrun earnings later this quarter. We believe RUN has higher inventory than its peers and will take longer to utilize the higher priced inventory." Bank of America reiterates Meta as buy Bank of America said it's standing by its buy rating on Meta shares after the company's Meta Connect event on Wednesday. Needham reiterates Amazon as buy Needham said investors should buy any dip in shares of the e-commerce giant. Goldman Sachs reiterates Micron as buy Goldman said it's standing by its buy rating on shares Micron after its earnings report on Wednesday.

Persons: BTIG, Evercore, Teradata, Sunrun, it's, Ray Ban Smart, Needham, Wolfe, Bernstein, TSCO, Davidson's, Apple, Goldman Sachs, Goldman, Wendy's Organizations: Citi, UBS, Bank of America, Meta, Boeing, Davidson, Tractor Supply, JPMorgan, Huntington Ingalls Industries, Defense, Microsoft, Apple, Services, Digital Investment Management, Deutsche Bank, General Electric, Deutsche, GE, Emerson Electric Deutsche, Micron Locations: financials

Search resuls for: "Meta Connect"

25 mentions found