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☆ 'Potential boost from TikTok uncertainty': Here's what Wall Street expects from Meta's 2nd-quarter earnings
▼ + stars: | 2024-07-30 | by ( Matthew Fox | ) www.businessinsider.com time to read: +5 min

Read previewAll eyes are on Meta Platforms with the company set to report its second-quarter earnings results after the market close on Wednesday. AdvertisementHere's what Wall Street expects from Meta's second-quarter earnings report. Looking forward, Post highlighted that a potential TikTok ban in early 2025 could provide a big boost to Meta's advertising business. Advertisement"With political spend, and potential TikTok ban in 1Q'25, Meta could also see an ad spend benefit in 2H'24," Post said. The company also has the potential to offer guidance on the monetization potential of its licensing of Llama, its open-source large language model.

Persons: —, Meta, Justin Post, Ronald Josey, Josey, Wells, Wells Fargo, Ken Gawrelski, Gawrelski, Mizuho, James Lee, Lee, Mandeep Singh, Singh Organizations: Service, Meta, Nvidia, it's, Business, Bank of America, Citi, Cannes, Mizuho, Bloomberg Intelligence Locations: monetizing, Wells Fargo

The U.N. last week created a 39-member advisory body to address issues in the international governance of AI. "We need to examine the landscape of existing governance responses across borders, and then see where the gaps are and how we can connect the governance responses together so that there are no gaps," Gill said. Gill, appointed by U.N. Secretary-General António Guterres as tech envoy last year, is tasked with coordination across the U.N. on tech issues, ranging from AI to neural technologies. Guterres had in June backed a proposal by some AI executives for the creation of an international AI watchdog body like the International Atomic Energy Agency. The AI body, co-chaired by Spanish digital minister Carme Artigas and Alphabet's (GOOGL.O) James Manyika, will have at least three in-person meetings and several virtual meetings.

Persons: Brendan McDermid, Amandeep Singh Gill, Gill, António, Joe Biden, Rishi Sunak, Guterres, Carme Artigas, James Manyika, Supantha Mukherjee, Emelia Sithole Organizations: . Security, REUTERS, Rights, United Nations, Reuters, U.N, British, International Atomic Energy Agency, Spanish, Carme, Thomson Locations: New York City, U.S, Rights STOCKHOLM, Alphabet's, Stockholm

☆ Zelt, a HR startup founded by a former VC investor, just raised $3.5 million in seed funding with this 12-slide pitch deck
▼ + stars: | 2023-07-20 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

London-based HR tech startup Zelt has raised $3.5 million in seed funding. The startup enables companies to manage HR, IT, and financial tasks on one platform. We got an exclusive look at the 12-slide pitch deck it used to raise the fresh funds. A startup that enables companies to manage HR, IT, and financial tasks on one platform has raised $3.5 million in fresh funds. "The current market is steps behind and people operations have become more difficult over the past five years as even small startups are global from day one."

Persons: Mumsnet, it's, Christopher Priebe, Priebe, Charlie Songhurst, Mandeep Singh, Felix Leuschner, Daniel Hegarty Organizations: Global Founders Capital, Zelt, 1, Village Locations: London

☆ Generative AI — which some fear could contribute to the end of humanity — will be a $1.3 trillion market within a decade, new research says
▼ + stars: | 2023-06-02 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

The generative AI industry is set to grow from $40 billion in 2022 to a $1.3 trillion market in 2032. The launch of OpenAI's chatbot ChatGPT in November fueled the hype around AI tools. Hardware, however, will make up the bulk of the $1.3 trillion of revenue, accounting for $641 billion by 2032, per Bloomberg's estimates. Hardware revenue will come from AI servers, AI storage, computer vision AI products, as well as conversational AI tools, which will be worth $108 billion. Digital ads pertaining to AI will make revenues of $192 billion, while AI assistant software will be worth $89 billion, per the report.

Persons: ChatGPT, Google Bard, Bloomberg Intelligence's, Mandeep Singh, Singh, chatbot ChatGPT, Google's Bard, OpenAI Organizations: Bloomberg Intelligence, Google, Bloomberg

The Biden administration and CFIUS are pushing for a sale of TikTok in the US. The Chinese government could also block a TikTok sale outright before bidding kicks off. But the list of companies that would actually consider buying TikTok is small, experts told Insider. "I think Microsoft would be one of the only big money, big company possibilities." Ultimately, separating TikTok's US operations, whether in a sale to a big tech firm or a spin off, is complicated.

☆ Sikh family kidnapped, killed in California, emigrated from India looking for safety and the American Dream, relative says
▼ + stars: | 2022-10-11 | by ( Sakshi Venkatraman | Sakshi Venkatraman Is A Reporter For Nbc Asian America. | ) www.nbcnews.com time to read: +5 min

She was calling for her dad, Jasdeep Singh, 36, and it would turn out to be the sole time she would ever get to do so. The days that followed the news of the deaths have been a calvary for those left behind, Amarinder Singh said. Amandeep left a widow and two young children, Jasdeep left his parents. The two babbled back and forth together as Singh, Jasdeep and Jasleen looked on fondly, he said. But after the chaos, Singh’s family is left with a hole, he said, and he feels their loss everywhere.

The brother of a man suspected of kidnapping and killing four members of the same central California family was arrested in connection with the horrific crime, authorities said Friday. Jesus Manuel Salgado, 48, was apprehended Tuesday after he attempted suicide, officials said. From the outset of the investigation, Merced Sheriff Vern Warnke speculated that Jesus Manuel Salgado had help in the kidnapping, which was caught on surveillance cameras. Amarinder Singh, a cousin of the slain brothers, said in a statement on Friday that their family "is grieving this unconscionable act of cowardice." In the family's first comment since bodies were found on Wednesday night, Singh said they're grateful for the work of law enforcement, tips from good Samaritans and support from the community.

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