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AdvertisementMeta took issue with several parts of Economides' testimony, which remains under seal and had many specific references redacted from Meta's filing. In his testimony, Economides valued individual Facebook user data at least $5 a month per user, according to Meta's summation of it. In the present day, that would mean Meta paying out tens of billions each month for user data, as Zuckerberg said in fourth-quarter earnings that over 3.1 billion people use at least one Meta app each day. Meta disagreed and told the court that Economides' testimony was effectively "junk science" with "no real-world support" and should be thrown out. "No firm like Meta, in any market, has paid all its users as a competitive response—ever," lawyers for Meta wrote.
Persons: Meta, Mark Zuckerberg, Javier Olivan, Guy Rosen, Nicholas Economides, Economides, Zuckerberg, Kali Hays Organizations: Service, Facebook, Meta, Business, New York University, Google Locations: khays@businessinsider.com
The Harvard professor's research is bankrolled by tech tycoons "pissed off" at academia's dogma. But this boundary-pushing is exactly why he's backed Loeb's research. AdvertisementDesch, the astrophysicist from Arizona University, posted a critique of Loeb's work on arXiv alleging "multiple fatal flaws with the manuscript's arguments." Asked whether he no longer believes in a possible technological origin for the meteor, Loeb said they need to investigate further. As he plans more extravagant expeditions to prove the origin of the interstellar meteor, Loeb likens his critics to crows pecking at the neck of an eagle.
Persons: Avi Loeb, Loeb, , Steven Desch, they're, Loeb's, they've, Charles Hoskinson, that's, Anibal Martel, Mark Zuckerberg, Stephen Hawking, Lucas Jackson, Oumuamua, Desch, It's, Meech, Hoskinson, Rather, Lane Turner, James Webb, Bill Diamond, Stenzel, AARO, UAPs, Loeb hasn't, Joe Rogan's, Eugene Jhong, Galileo, ", Frank Laukien, Laukien, Charles Alcock, Seth Shostak, Stephen Wolfram, Richard Branson's, Vera, Rubin, Avi Loeb Loeb, what's, Rob McCallum, Mariana Trench, James Cameron, Avi Loeb Hoskinson, spherules, Harvard's Stein Jacobsen, Loeb didn't, Monica Grady, Patricio Gallardo, it's, Diamond, That's Avi, Adam Glanzman Organizations: Harvard, Service, Arizona State University, Netflix, Galileo, Anadolu Agency, Reuters, University of Hawaii, Boston Globe, James Webb Telescope, NASA, SETI Institute, Pew Research Center, Department of Defense, UAP Department of Defense, Jhong, Bruker Corporation, Smithsonian's, for Astrophysics, MIT, Wolfram Research, Harvard University, Survey, US Space Command, Hoskinson, UK's Open University, University of Chicago, Arizona University, U.S . Government, The Washington, Getty, Loeb, Astronomy, Astrophysics Locations: Lexington , Massachusetts, United States, Getty, Loeb's, New York, Cambridge, Massachussetts, UAPs, Colorado, Chile, Papua New Guinea, 2401.09882, IM1
Mark Zuckerberg has been quietly snapping up massive chunks of real estate for years. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementMark Zuckerberg is one of the world's richest people, and his multimillion-dollar real estate portfolio reflects that. AdvertisementZuckerberg's real estate portfolio has an assessed value of around $200 million, according to Business Insider calculations based on property assessments. Here's what we know about his real estate.
Persons: Mark Zuckerberg, He's, , he's, Zuckerberg didn't Organizations: Service, Facebook, Forbes, Iconiq Locations: Silicon, California
New York CNN —Elon Musk has given up, restoring the “lords and peasants” blue checkmark system he once admonished and assailed as elitism. “Twitter’s current lords & peasants system for who has or doesn’t have a blue checkmark is bullshit,” Musk wrote in November 2022. But most journalists and other notable users who once sported the checkmark declined to fork over the cash. Even worse, trolls impersonating the identities of others were granted blue checkmarks, stripping the symbol of its core value: identity verification. A representative for X did not respond to a request for comment on Musk’s move to restore the blue checkmarks.
Persons: New York CNN — Elon Musk, Twitter’s, X, Musk, ” Musk, Musk —, , Organizations: New York CNN Locations: New York
The departures come as Big Tech firms battle for top AI talent with chunky pay packages. Elon Musk this week dubbed Silicon Valley's talent war as the "craziest" he's ever seen. AdvertisementMeta has lost three top AI employees within a week amid Silicon Valley's ongoing battle for talent. "The talent war for AI is the craziest talent war I've ever seen!" AdvertisementPrior to that, the cofounder of Meta's AI lab, Rob Fergus, jumped ship in 2020 to join Google's DeepMind.
Persons: Meta, , Devi Parikh, she'd, Erik Meijer, Meijer, Abhishek Das, Mark Zuckerberg, He's, Google's DeepMind, Meta's, Zuhayeer Musa, Elon Musk, Rob Fergus, Google's Organizations: Big Tech, Elon, Service, Meta, Research, FAIR, Wall Street Journal, Street, Business Locations: OpenAI
Elon Musk says he's hiking the salaries for those working on Tesla's AI engineering team. "The talent war for AI is the craziest talent war I've ever seen!" Tesla CEO Elon Musk said on Wednesday that his company is increasing the compensation packages for those working on the AI engineering team. — Elon Musk (@elonmusk) April 3, 2024Representatives for OpenAI did not immediately respond to a request for comment from Business Insider sent outside regular business hours. "The talent war for AI is the craziest talent war I've ever seen!"
Persons: Elon Musk, Musk, OpenAI, , Sam Altman, poach, Tesla, — Elon, Ethan Knight, Ethan, Elon, Meta's Mark Zuckerberg, Google's, Meta, It's, who's, Sergey Brin, Brin Organizations: Service, Tesla, Musk's, xAI, OpenAI, Business Insider, Big Tech, Google
"In fact, we now estimate that in 2024 Meta's ad business could outgrow Amazon's for the first time since 2015," the firm added. META 1Y mountain Shares of Meta Platforms over the past 12 months. Jefferies' bullish outlook goes straight to the heart of our investment case, which Jim Cramer reiterated last week during the March Monthly Meeting. All of this also jives with our view on Meta, as Jim laid out during the Monthly Meeting. Put it all together, and we're aligned with Jefferies on where Meta's stock can go from here.
Persons: Jefferies, outgrow Amazon's, Jim Cramer, that's, Jim, Meta, , TikTok, Mark Zuckerberg, there's, Zuckerberg, Jim Cramer's, David Paul Morris Organizations: Google, Meta, Facebook, Jefferies, CNBC, Bloomberg, Getty Locations: U.S, Menlo Park , California
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
Google's AI search tool got simple mathematics wrong, a review by The Washington Post said. The experimental tool, Search Generative Experience, was introduced in May. AdvertisementGoogle's AI search tool appears to struggle when it comes to simple mathematics. Google previously said it was "supercharging" and "improving" its search experience with a generative AI-infused version called Search Generative Experience (SGE). AdvertisementThe company told the FT, "With our generative AI experiments in Search, we've already served billions of queries, and we're seeing positive Search query growth in all of our major markets.
Persons: , Geoffrey A, Fowler, we're, you'll, SGE, Mark Zuckerberg's, we've, Google didn't Organizations: Washington Post, Google, Financial Times, Service
"The talent war for AI is the craziest talent war I've ever seen!" Advertisement"They have been aggressively recruiting Tesla engineers with massive compensation offers and have unfortunately been successful in a few cases," Musk wrote about OpenAI. Related storiesMusk and xAI didn't immediately respond to a request for comment from Business Insider before publication. AdvertisementHiking salaries is one of a series of tactics Big Tech leaders use to recruit the best AI talent. "There is undoubtedly a shortage in AI talent," Libre says.
Persons: , Elon Musk, Tesla, Ethan Knight, Knight, Musk, didn't, Alex Libre, Mark Zuckerberg, Google's, Sergey Brin, Mustafa Suleyman, Google's DeepMind, Aravind Srinivas, J.T, O'Donnell Organizations: Service, Business, Autonomy, Big Tech, Meta, Google, OpenAI, Companies Locations: OpenAI
Google just scored a big win in the AI talent war
  + stars: | 2024-04-03 | by ( Jyoti Mann | ) www.businessinsider.com   time to read: +3 min
Some observers say it's a big win for Google to secure OpenAI's "secret weapon." Kilpatrick's move comes as Big Tech firms vie for top expertise in an AI talent war. The move shows the transfer window of AI expertise is firmly open as Big Tech companies battle it out to lure top AI talent. Google AI Studio lets developers integrate Gemini with APIs to create generative AI applications that are also known as "wrappers". Intel's senior AI developers community lead, Ryan Carson, wrote on X: "Things are movin' and shakin' in the AI industry.
Persons: OpenAI's, Logan Kilpatrick, , OpenAI, he's, Mustafa Suleyman, Satya Nadella's, Bruce Monaco, Monaco, Kilpatrick, Ryan Carson, Logan, He's, Mark Zuckerberg, Google's, Sergey Brin, it's, Aravind Srinivas, who's Organizations: Google, Big Tech, Service, Studio, Microsoft, AI, Workers, Meta, Business Locations: OpenAI
An analytics app Meta acquired a decade ago turned into a major source of inspiration for product and business decisions, including its work to "clone" Snapchat. Rosen is Meta's chief information security officer, while Tiger was vice president of engineering until he left Meta in 2022. For several years, Onavo was key to how Meta decided to acquire, launch, and change its products, according to over a dozen court documents unsealed last week in an ongoing lawsuit. After the acquisition, Facebook found through Onavo's data on messaging apps that Snapchat was a top five mobile app and WhatsApp had begun to outpace Facebook Messenger. The company was hailed for its tech that compressed data on mobile phones, allowing apps to run in the background without eating up user data.
Persons: Guy Rosen, Roi Tiger, Rosen, Tiger, Onavo, Meta, Mark Zuckerberg, Sheryl Sandberg, Mike Schroepfer, Chris Cox, Javier Olivan, Sandberg, Olivan, Cox, Facebook's, Colin Stretch, WhatsApp, Zuckerberg, Instagram, Snapchat, Stretch, Kali Hays Organizations: Meta, Facebook, Business, Onavo, YouTube, Olivan, TechCrunch Locations: Onavo, Davos, khays@insider.com
Voters in Wisconsin approved adding language to the State Constitution on Tuesday that will forbid officials from accepting donations of money or staffing to help run elections, The Associated Press said. They were rooted in complaints raised about the 2020 election, including objections to donations that a group supported by the billionaire Mark Zuckerberg and Priscilla Chan, his wife, made to local election offices, as well as assistance given to election administrators by nonprofit groups. Mr. Zuckerberg has said he no longer planned to award grants to election offices. President Biden narrowly won Wisconsin in 2020, a result that some Republicans tried and failed to overturn afterward. Opponents of the ballot question concerning outside staffing for election offices said Wisconsin law already made clear who could or could not work as an election official, and that passing the amendment could have unintended consequences.
Persons: Mark Zuckerberg, Priscilla Chan, Zuckerberg, Biden, Donald J, Trump Organizations: Associated Press, Republican, Wisconsin, Republicans Locations: Wisconsin
In today's big story, we're breaking down how to identify a meme stock . Three years after GameStop upended things, meme stocks are back in fashion. But how does one find a meme stock? (Trump Media doesn't technically qualify as a meme stock under Sosnick's criteria due to the amount of low short interest. Maintaining long-term support for a meme stock remains a tough nut to crack.
Persons: , Mark Zuckerberg, Satya Nadella, Jenny Chang, Rodriguez, There's, Steve Sosnick, Business Insider's Matthew Fox, David Becker, Chelsea Jia Feng, Donald Trump's, Trump, Bill Gross, BI's Peter Kafka, there's, it's, Pedro Ribeiro Simões, , Matt Chase, they're, OpenAI's Sam Altman, Sora, Meta, Tyler Le, Jack Canfield's, Jay Marine, Amazon's, Jeff Bezos, Antony Blinken, Emmanuel Macron, Dan DeFrancesco, Hallam Bullock, Grace Lett, Lisa Ryan Organizations: Business, Service, Getty, GameStop, Interactive, Business Insider's, Trump Media, Technology Group, AMC Entertainment, Big Tech, Hollywood, Facebook, NBA, FOX Locations: YOLO, hodlers, Silicon, Paris, Ukraine, Gaza, New York, London, Chicago
The Santa Clara giant's chips, known as GPUs, became the hottest property of the generative AI boom. In April last year, Zhou and her cofounder Greg Diamos, based in Palo Alto, brought their new startup, Lamini AI, out of stealth. It makes using AI models with GPUs like the H100 and Nvidia's new Blackwell chip, as simple as a plug-and-play system. Fortunately for them, after consulting with Diamos, according to Zhou, AMD was on its way to building a rival system that they would eventually test. it's indiscernible to customers to run Lamini on Nvidia and AMD GPUs," she explained.
Persons: , giant's, Mark Zuckerberg, Sam Altman, hasn't, Jensen Huang, Sharon Zhou, Andrew Ng, Zhou, Greg Diamos, Lisa Su Organizations: Service, Nvidia, Business, Harvard, Stanford, Anthropic, Amazon, AMD Locations: Santa, Palo Alto, OpenAI
Such behavior could be considered a power move and a marker of intelligence for tech CEOs. An awkwardness expert told BI that if you're powerful enough, you don't need to be charismatic. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. For Zuck and men alike, awkwardness is "seen as not only excusable, but laudable." But Plakias doesn't think awkwardness is an individual character trait, but rather something that comes out of social interactions.
Persons: Mark Zuckerberg, , Zuck, Alex Volkanovski, bopping, Zuckerberg, Alexandra Plakias, Plakias, they're, It's, Ty Tashiro Organizations: Service, UFC, Business, Hamilton College, Oxford University Locations: New York
Business leaders are using AI tools like OpenAI's ChatGPT as the sector booms. Some have tried AI on the job, while others have played with it to write raps and translate poetry. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Some workers have used ChatGPT to generate lesson plans, produce marketing materials, and write legal briefs. From translating poetry to creating rap songs, here's how executives from Meta, Google, Microsoft, and other major companies have personally used AI.
Persons: , OpenAI, everyone's, chatbots Organizations: Meta, Google, Microsoft, Service
download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . On the agenda today:AdvertisementBut first: The effects of the fatal bridge collapse in Baltimore will be felt for months. ET Tuesday, the 984-ft long container ship Dali crashed into the Francis Scott Key Bridge in Baltimore, bringing it down. AdvertisementNow, China is in a similar situaJtion as Japan once was, as it stares down a property market collapse. But Japan's recovery won't be easy to replicate for China, which has resisted stimulus packages and faces a difficult trade market.
Persons: , Tim Cook's, Francis Scott Key, Tasos Katopodis, Dali, It's, Sam Altman, Kent Nishimura VCs, Altman, Sam Altman's, Jenny Chang, Rodriguez, I'm, Hannes P Albert, Chelsea Jia Feng, ChatGPT, Mark Zuckerberg Organizations: Business, Service, Apple, OpenAI's, Getty Images, Microsoft Locations: Baltimore, Port, London, China Japan, China, Japan
I've been trying to implement a productive morning since moving for work in January. I decided to challenge myself and copy the morning routine of Apple CEO Tim Cook. There's no way I'll ever wake up as early as him, but I did start to enjoy a morning coffee. AdvertisementSince moving to the New York metropolitan area in January 2024, I've been working on establishing a productive morning routine to help me succeed in my transition to adulthood. Minus the early wake-up time, his routine seemed very approachable, with realistic opportunities to integrate healthier habits into my own life.
Persons: I've, Tim Cook, , Zers, Mark Organizations: Apple, Service Locations: There's, New York
CNN —Republican lawmakers and activists in several presidential battlegrounds are pushing ballot measures to change how elections are run in their states. And in Arizona, a so-called ballot referral moving through the Republican-controlled Legislature would upend the state’s widely used, no-excuse vote-by-mail system. Constitutional amendments in Wisconsin and ballot referenda in Arizona are not subject to the approval of governors in those states. “Wisconsin’s status as a swing state makes election integrity measures important locally, nationally and internationally.”If approved, the Wisconsin measures would be in effect for this year’s elections. Katie Hobbs has vetoed a raft of legislation – ranging from efforts to get rid of red-light cameras to prohibiting ranked-choice voting in the state’s elections.
Persons: , Jay Heck, Donald Trump, Joe Biden, Sen, Eric Wimberger, Mark Zuckerberg, Priscilla Chan, Zuckerberg, Tony Evers, Will Flanders, , who’s, Debra Cronmiller, Katie Hobbs, Hobbs ’, Alex Gulotta, , Wendy Rogers, Rogers, Wisconsin’s, noncitizens Organizations: CNN, Republican, GOP, Silver State, Tuesday ., White House, Center for Tech, Republicans, Democratic, National Conference of State Legislatures, Wisconsin Institute of Law and Liberty, Badger State, League of Women Voters of, Phoenix New Times, Phoenix, Clark County Republican Party, Wisconsin, New, New York City Locations: Wisconsin, Nevada, Silver, Arizona, Tuesday . Arizona, League of Women Voters of Wisconsin, Maricopa County, ” Arizona, Clark, New York City, York, New York
A Meta lawsuit revealed 2016 emails Mark Zuckerberg sent to his employees. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAccording to newly unsealed emails in a lawsuit against Meta, Mark Zuckerberg directed Facebook employees to track encrypted user analytics from Snapchat, a competitor. No niceties," Dr. Ronald Riggio, a professor of leadership and organizational psychology at Claremont McKenna College, told Business Insider.
Persons: Mark Zuckerberg, , Zuckerberg, Dr, Ronald Riggio, Annie Wright, Wright, curt, Riggio, Zuckerberg's Organizations: Service, Meta, Claremont McKenna College, Boeing
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewMark Zuckerberg really, really likes Nvidia CEO Jensen Huang. Advertisement"He's like Taylor Swift, but for tech," Zuckerberg wrote in an Instagram comment reply on Tuesday. The relentless race toward AI domination by companies like Meta has also placed Huang's Nvidia in an enviable position. Representatives for Nvidia declined to comment on Zuckerberg's remarks on Huang when approached by BI.
Persons: , Mark Zuckerberg, Jensen Huang, Zuckerberg, Huang, Taylor Swift, Huang's, Swift, Huang isn't, Zuckerberg's, Meta Organizations: Service, Business, Nvidia's GPU Technology, Nvidia, Meta, BI
A lawsuit alleging Meta snooped on rival apps is eye-opening — but I'm stuck on how scary Mark Zuckerberg seems over email. "You should figure out how to do this," Mark Zuckerberg told one of his employees. That kind of email from your boss is absolutely spine-tingling. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . This story is available exclusively to Business Insider subscribers.
Persons: Meta snooped, I'm, Zuckerberg, Mark Zuckerberg, Organizations: Service, Business
Read previewIt's been just about a year since Koru, Jeff Bezos' $500 million megayacht, set sail from the Oceanco shipyard in the Netherlands, capturing the attention of yachting insiders and land dwellers alike. Unlike many other megayachts, Koru, which media billionaire Barry Diller's Eos inspired, is designed as a sailing yacht. AdvertisementLike most other megayachts, Koru is powered by her engines, which are reportedly innovative in their use of a kinetic energy recovery system. AdvertisementTeak or not, the yachting industry isn't generally known for being all that environmentally friendly — or indeed lowkey, so many who BI talked to didn't buy into the idea that Koru is "too much." It's the latest superyacht to capture the yachting world's attention.
Persons: , Jeff Bezos, Koru, they'd, Federico Rossi, Barry Diller's Eos, he'd, Bezos, Lauren Sanchez, Origin's, Shephard, That's, Anders Kurtén, I'm, Jerry Jones, Bernard Arnault, Mark Zuckerberg Organizations: Service, Palm, Business, Industry, Yachts Locations: Netherlands, St, Myanmar
In today's big story, we're examining how a change in credit cards' behind-the-scenes fees impacts you… and your points . Under the settlement, merchants could charge customers more for using different cards despite being part of the same Visa or Mastercard network. AdvertisementTim Boyle/Getty Images; Jenny Chang-Rodriguez/BIThe agreement could ultimately reshape how consumers pay for things. AdvertisementPerhaps that's why one analyst told Business Insider's Alex Bitter he doesn't expect major retailers to pass swipe fees along to customers. But maybe, not unlike the fees the agreement targets, what seems small could eventually add up to something big.
Persons: , Jenny Chang, Rodriguez, Insider's Grace Eliza Goodwin, Tim Boyle, David Morris, Alex Bitter, LUDOVIC MARIN, BlackRock's Larry Fink, Jeremy Grantham, Ian Shepherdson, That'll, We've, Meta, Mark Zuckerberg, Facebook execs, Francis Key Scott, Hunter Biden, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Service, Nickelodeon, Business, Mastercard, Visa, Getty, Fed, Amazon, BI Locations: Europe, LUDOVIC, Baltimore, Port, New York, London
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