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The smart ring era is here. Honor, the mobile business spun out of Huawei, also announced this week that it's working on a smart ring. Avi Greengart, president and lead analyst at Techsponential, told Business Insider at MWC that Samsung's Galaxy Ring "validates the smart ring category." Rumors of an Apple smart ring have been simmering for over a decade — mostly due to a string of patents the company has filed for. There's another good reason tech companies are eyeing smart rings right now, according to IDC analyst Francisco Jeronimo: subscriptions.
Persons: , Prince Harry, Mark Zuckerberg, Jack Dorsey, Jennifer Anniston, Jimmy Kimmel, Smart, they've, Oura, Avi Greengart, Apple, Bloomberg's Mark Gurman, Jeremy Liew, Liew Apple, Greengart, Francisco Jeronimo, Jeronimo Organizations: Samsung, Service, Mobile, Congress, MWC, Huawei, IDC, Apple, Venture, Business Locations: Barcelona, Cupertino
Mark Zuckerberg isn't just in Asia to enjoy Japanese McDonald's and hit the ski slopes. The meetings will put Meta's AI and mixed reality ambitions front and center as competition grows. The likes of Meta's AI chief Yann LeCun have pushed back on suggestions that open-source AI is dangerous because the sheer volume of resources any bad actor would need to use an AI model maliciously makes it highly untenable. Meta's mission to build businessPoliticians won't be the only thing on Zuckerberg's mind on his Asian trip. Meta's line of mixed reality headsets, the Quests, finally face a formidable foe following Apple's release of the Vision Pro this month.
Persons: Mark Zuckerberg isn't, , Mark Zuckerberg, Kokaji, Zuckerberg, Fumio Kishida, Sam Altman, Kishida, Yoon Suk, OpenAI's Altman, FABRICE COFFRINI, Yann LeCun, ROBYN BECK, Getty Zuckerberg, Jay Y, Lee Organizations: Service, Japan's, Japan Times, South, Bloomberg, Economic, Business, Meta, Vision, Apple, LG Electronics, Samsung Locations: Asia, Japan, Davos, South Korea, Switzerland, Seoul
COST 5Y mountain Costco's stock performance over the past five years. DHR 5Y mountain Danaher's stock performance over the past five years. ETN 5Y mountain Eaton Corp.'s stock performance over the past five years. "The megatrends are real serious, and [Eaton] is a real serious company," Jim said. TJX 5Y mountain TJX Companies' stock performance over the past five years.
Persons: Jim Cramer, Jeff Marks, Morgan Stanley, Wall, Beijing's, Jim, Eaton, Linde, Lilly's, Eli Lilly, We've, Zepbound, Mark Zuckerberg's, Mark Zuckerberg, OpenAI, Copilot, management's, Nvidia, TJ Maxx, TikTok, Gen Zers, TJX, Jim Cramer's, Satya Narayana Nadella, Lucas Jackson Organizations: GE Healthcare, Meta, Microsoft, Johnson, Natural Resources, Starbucks, Apple, Apple Music, Services, Amazon, Amazon Web Services, Prime, Costco, Danaher, Eaton Corp, Investors, GE, LIN, Novo Nordisk's Wegovy, Novo Nordisk, Management, Nvidia, TJX Companies, Marshalls, CNBC Locations: Eaton, China, Manhattan, New York City
Mark Zuckerberg is having some fun in Japan. The Meta chief is off on his Asia tour, and plans to hit South Korea and India next. AdvertisementMark Zuckerberg is on his Asia tour and exploring Japan. A spokesperson for Zuckerberg told Bloomberg that the billionaire was in Japan for a "personal trip" and will head to South Korea on Wednesday. Representatives for Zuckerberg did not immediately respond to a request for comment from Business Insider sent outside regular business hours.
Persons: Mark Zuckerberg, Zuckerberg, , Relatable Zuck, Quentin Tarantino's, Akihira, Instagram, Fumio Kishida, Musk, X, Mukesh Ambani's Organizations: McDonalds, Service, Meta, Japanese, Bloomberg, Business Insider Locations: Japan, Asia, Korea, India, Tokyo, Elon, Odaiba, South Korea
New York CNN —Social media companies are soaking up the billions in advertising dollars that once flowed to legacy media companies — a trend that continues to accelerate despite an ever-growing mountain of evidence indicating the Silicon Valley titans govern their ballooning kingdoms with little regard for how their products negatively impact society. Time and time again, companies like Instagram, YouTube, TikTok, Snapchat and others have been caught allowing harmful content to exist on their platforms. The committee heard testimony from the heads of the largest tech firms on the dangers of child sexual exploitation on social media. To be fair, brands would likely prefer to advertise on the platforms of responsible media actors versus the risky world of social media. But Big Tech offers these brands much more effective targeting, while boasting a larger and younger audience than legacy news organizations.
Persons: BuzzFeed, You’re, It’s, Meta, , Jeff Horowitz, Katherine Blunt, Mark Zuckerberg, Anna Moneymaker Organizations: New York CNN, Social, Media, New York Times, CNN, YouTube, Times, Meta, Dirksen, Facebook, Big, Big Tech, News Locations: New York, Snapchat, Washington ,
The world was quite different when Apple quietly started its electric vehicle project in 2014. Having launched its Vision Pro mixed reality headset this month, the company has already committed itself to scaling and commercializing a technology that presents an entirely new business area. Tim Cook and Apple Vision Pro. AdvertisementThat's particularly so as competitors like Mark Zuckerberg post public teardowns of Apple's foray into mixed reality — a technology far from hitting mainstream appeal. AI and mixed reality are plenty to keep it busy for now.
Persons: Apple, Jeff Williams, Kevin Lynch, Tim Cook, Justin Sullivan, Mark Zuckerberg, Sir James Organizations: Apple, Business, Bloomberg, Apple Vision, Big Tech, Meta, Google Locations: China
Mark Zuckerberg is having a great time in Japan and shared a post visiting a Japanese McDonald's. The billionaire was so impressed with the meal, he said it should have a Michelin star. Mark Zuckerberg has been enjoying his visit to Japan and his latest Instagram post showed him tucking into a burger at a Japanese McDonald's which he said should have a Michelin star. Zuckerberg posted pictures on Instagram on Tuesday which showed him visiting a McDonald's in Japan. The first picture shows Zuckerberg in a pair of Meta's smart sunglasses and a sheepskin jacket, sitting at a table inside the restaurant.
Persons: Mark Zuckerberg, Zuckerberg Organizations: Business Locations: Japan, Asia, South Korea, India
Meta plans to show off years of work on new augmented reality glasses during its developer conference this year. While the AR glasses will not be for sale to the public after the reveal, a handful of employees are already experimenting with advanced prototypes, one of the people noted. The AR glasses are a separate product from Meta's better-known Ray-Ban smart glasses and Quest headsets. He posted a photo to Threads earlier this month showing several versions of Meta glasses on his desk. So far, Meta's AR glasses are costly to produce, much less sell at retail.
Persons: what's, Ray, Andrew Bosworth, Mark Zuckerberg, Bosworth, Kali Hays Organizations: Orion, Reality Labs Locations: khays@insider.com
Read previewAmazon's Jeff Bezos, JPMorgan's Jamie Dimon, and Meta's Mark Zuckerberg have all sold big chunks of shares in their own companies. Bezos is way out in front after offloading 50 million shares of Amazon in just nine trading days this month, pocketing an estimated $8.5 billion. Zuckerberg cashed in almost 1.8 million shares of his social-media empire for more than $400 million in the last two months of 2023. Zuckerberg hadn't sold Meta shares for almost two years prior to his latest transactions. University of Nebraska-LincolnIt's worth emphasizing that Bezos, Zuckerberg, and Dimon's sales only represent small fractions of their stakes, so they're still heavily invested in their respective companies' success.
Persons: , Jeff Bezos, Jamie Dimon, Meta's Mark Zuckerberg, Zuckerberg, JPMorgan's Dimon, Bezos, Mark Zuckerberg, Brendan Smialowski, it's, Dimon, Warren Buffett, Berkshire Hathaway, He's, they've Organizations: Service, Amazon, Business, JPMorgan, Berkshire, Warren Buffett . University of Nebraska, Lincoln Locations: Berkshire
NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The Meta CEO posted pictures and videos of himself learning to make a Katana, a Japanese sword with a curved, single-edged blade, under the guidance of sword master Akihira Kokaji. AdvertisementThe tech CEO is touring parts of Asia with his family. The trip also involves stops in South Korea and India to meet business and government leaders, the report said. The Meta CEO recently announced he was raising cattle that would drink beer produced on his sprawling estate.
Persons: , Mark Zuckerberg, Akihira, Zuckerberg, akihira.kokaji Organizations: Service, Facebook, Bloomberg, Apple, Business Locations: Asia, Tokyo, South Korea, India
That’s the message in a fascinating new memoir, “Burn Book,” by the tech journalist Kara Swisher, who hosts a multitude of podcasts and is a CNN contributor. I don’t think they read. In the entire time that you’ve been covering tech I don’t think there’s been a single major regulatory law. So it’s a real racket if you really think about it. And I do think there’s a human impulse even though you have this lizard brain that likes to stare at the phone.
Persons: , Kara Swisher, SWISHER, Will, I’ve, it’s, Steve Jobs, I’m, Don’t, What’s, there’s, they’ve, They’ve, Guess, Mark Zuckerberg, He’s, Joe, Biden, There’s, Sam Altman, Tony Blinken, It’s, that’s, you’re, We’ve Organizations: CNN, Communications, Alaska Airlines, United Arab, State, Facebook, Times Locations: It’s, America, Alaska, United Arab Emirates, UAE, Europe, New York, There’s
The company has discussed making a smart ring, though it's not actively working on the product, Bloomberg reported. It's also exploring whether it should make smart glasses and put tiny cameras onto AirPods that could bring AI benefits, the report said. Apple has issued a number of patents for smart glasses and smart rings in the past dating back at least 10 years. Apple has also had early discussions about creating smart glasses as a possible alternative to AirPods, the report said. A smart ring would also be a competitor for Oura, and newcomer Samsung's upcoming Galaxy smart ring that it plans to release later this year, which is designed to keep track of health metrics.
Persons: , it's, It's, there's, Mark Zuckerberg, Meta's Ray, Josh Edelson Organizations: Service, Apple, Bloomberg, Apple Watch, Getty, Samsung, Oura Locations: AFP
Mark Zuckerberg is trying to avoid personal liability in lawsuits over kids' social media addiction. Meta CEO Mark Zuckerberg is arguing he can't be held personally liable for accusations that his platforms have led to kids being addicted to social media — and he may have a point. A ruling in the billionaire's favor would excuse him from being held personally liable but would not dismiss the cases against Meta. AdvertisementThe lawsuits claim that Zuckerberg's actions and inaction led to social media addiction and accused him of ignoring warnings that Facebook and Instagram were unsafe for kids. AdvertisementIf Zuckerberg is deemed personally liable, it could have major implications for other lawsuits filed against CEOs of social media giants.
Persons: Mark Zuckerberg, Zuckerberg, Oberheiden, Oberheiden P.C, Yvonne Gonzalez Rogers, Meta, Titania Jordan Organizations: Meta, NBC Bay, Business, Bloomberg, Bark Technologies Locations: Oakland , California
Nvidia chips remain in high demand, especially from tech companies. Its CEO told investors the company was trying its best to allocate them fairly. Mark Zuckerberg recently said Meta would own 340,000 Nvidia H100 chips by the end of 2024. Huang was responding to a question about distributing chips between the companies fighting over a limited supply, many of which are competitors. Last month, Zuckerberg told The Verge that Meta would have more than 340,000 Nvidia H100 GPUs — the main chips companies use to train and deploy AI models — by the end of 2024.
Persons: Mark Zuckerberg, , Mark, Jensen Huang, Huang, Zuckerberg, Meta Organizations: Service, Nvidia, Business
There are "major companies and verticals that have not even considered the H100" yet, he added, referring to Nvidia's AI must-have GPU. A few weeks ago, we combed through the latest earnings reports from Google-parent Alphabet, Microsoft, Meta Platforms and Amazon to see how their AI spending plans are benefitting Nvidia. After Wednesday evening's killer quarterly release, Nvidia talked about how it is helping the businesses of fellow Club names Google, Microsoft, Meta and Amazon. Alphabet continues to heavily invest in AI applications to improve the performance of its services including Google DeepMind, Google Services, Gemini, and Google Cloud. "Nvidia DGX Cloud will expand its list of partners to include Amazon's AWS, joining Microsoft Azure, Google Cloud and Oracle Cloud.
Persons: Jim Cramer, Jim, Jensen Huang, Colette Kress, Kress, Mark Zuckerberg, we've, Gemma, Satya Nadella, Copilot, Jim Cramer's, Omar Marques Organizations: Nvidia, Google, Microsoft, Meta, Companies, Nvidia H100s, Google Services, Gemini, Management, Amazon's AWS, Oracle, NVIDIA, Amazon Web Services, CNBC, Getty
AdvertisementIt sure seems like Nvidia is everyone's AI daddy right now. But in case anyone needed another reminder of who the AI daddy is, Nvidia delivered it on Wednesday. Nvidia stock surged as much as 14% in premarket trading Thursday. There are a few reasons why Nvidia has become indispensable to tech firms trying to take advantage of the AI gold rush. Expect Nvidia to remain the AI daddy for the foreseeable future.
Persons: Jensen Huang, Mark Zuckerberg, Huang, Goldman Sachs, Lisa Su, Matt Bryson, Bryson, OpenAI's Sam Altman, SoftBank's, Kathleen Brooks, XTB Organizations: Nvidia, Microsoft, Meta, Reuters, Huawei, Technology, AMD Locations: Santa Clara, China
Nvidia's Data Center business just logged $18.4 billion in fourth-quarter sales, underscoring how the computer chip giant continues to benefit from the current boom in artificial intelligence. Analysts were expecting Nvidia's data center unit to record $17.06 billion in sales for its fiscal fourth quarter. Investors are closely watching Nvidia's Data Center business, which includes the company's H100 graphics cards that are widely used to power generative AI apps such as OpenAI's ChatGPT. Nvidia's data center unit has blossomed, particularly over the past three quarters. Fiscal Q3 2023 – data center revenue was $3.83 billion, up 31% from the year prior.
Persons: OpenAI, Mark Zuckerberg Organizations: Data Center, Meta Locations: Nvidia's
Meta's Mark Zuckerberg to visit South Korea
  + stars: | 2024-02-21 | by ( ) www.cnbc.com   time to read: +1 min
Meta's Mark Zuckerberg plans to visit South Korea, scheduling key meetings during the trip, according to a statement by Meta on Wednesday, which did not provide further details. Meta's Mark Zuckerberg is planning to visit South Korea and is scheduling key meetings during his trip, Meta said in a statement on Wednesday without elaborating. The Meta CEO may also meet South Korean President Yoon Suk Yeol, the paper said. It would be his first known visit to South Korea since 2013. A presidential official confirmed that Zuckerberg had sought a meeting with Yoon, without providing further details.
Persons: Meta's Mark Zuckerberg, Zuckerberg, Jay Y, Lee, Meta, Yoon Suk Yeol, Yoon Organizations: Meta, Samsung Electronics, South Korean, Seoul Economic, South, Samsung Locations: South Korea, Seoul, South Korean
Jack Dorsey feared for his parents' safety after Twitter banned Donald Trump, a new book says. Twitter cofounder Jack Dorsey was concerned about his parents' safety after his company banned former President Donald Trump from the platform, according to a recent book on the social media company. The family faced security concerns after Twitter decided to permanently ban Trump from the site following the insurrection at the Capital in 2021. AdvertisementDorsey and his family were not the only ones to face security concerns over their involvement with the social media company. "If I die under mysterious circumstances, it's been nice knowin ya," the billionaire posted on social media last May.
Persons: Jack Dorsey, Donald Trump, Kurt Wagner, Marcia, St . Louis, Elon Musk, Wagner, Dorsey, Tim, Yoel Roth, Roth, Musk, it's, Meta, Mark Zuckerberg, Rob Price, Zuckerberg Organizations: Twitter, Trump, Capital, Facebook, YouTube, BBC Locations: St ., Russia, Ukraine, San Francisco
In today’s big story, we’re looking at the chances of there being no rate cuts this year, and how the markets would react. What's on deck:This story is available exclusively to Business Insider subscribers. The big storyCuts are canceledAaron Schwartz/Xinhua via Getty ImagesDon't count your chickens before they hatch and don't price in your rate cuts before they materialize. Last December, Fed Chair Jerome Powell signaled that three cuts were on the table for 2024, which he reiterated earlier this month. AdvertisementBonds could struggle, though, with further delays on rate cuts raising the risk that debt markets suffer another meltdown like they did last fall.
Persons: , Mark Zuckerberg, Aaron Schwartz, , won’t, Jerome Powell, Phil Rosen, There's, BI’s Yuheng Zhan, NYCB’s, Ark's Cathie Wood, Paul Judge, Tessa Flippin, Claude Grunitzky, Gayle Jennings O'Byrne, Black VCs, Masayoshi Son, OpenAI’s, Jenny Chang, Rodriguez, Vladimir Putin, Donald Trump, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Grace Lett Organizations: Service, UFC, Business, Xinhua, Getty, Federal, Paramount, Fed, Big Tech, JPMorgan Private Bank, Discover, Discover Financial, Nvidia, Opportunity, Equity Alliance, Wocstar Fund, Opportunity Fund, Equity Alliance Wocstar, Google, Walmart, Pandora, Home Locations: Japan, Ukraine, Moscow, Russia, Fox, New York, London, Chicago
The race is on to address the AI chip shortage. SoftBank's Masayoshi Son is the latest tech leader who plans to invest heavily in chip production. Chips are needed to train the complex models that underpin AI — but there's not enough to go around. SoftBank CEO Masayoshi Son is the latest tech leader to raise funds to tackle the chip shortage. So too are more speculative ambitions being pursued by both Altman and Son, such as the development of artificial general intelligence.
Persons: , Sam Altman, it's, Masayoshi Son, Altman, Son, Ethan Mollick, ” There's, That's, Mark Zuckerberg, ” Mark Zuckerberg, JOSH EDELSON, Son’s Organizations: Service, Tech, Journal, Izanagi, Bloomberg, Kyodo, Stills, Nvidia, Samsung, Intel, ARM Locations: Tokyo
Twitter staff also took to watching a social-media account that tracks Musk's planes, according to a new book about the company. Musk's jet travels made Sweeney's jet-tracking account @Elonjet more active than ever. Musk also reached out directly to Sweeney about the jet-tracking account. AdvertisementSince then, the college student has set up an account on the site that posts Musk's flight data with a 24-hour delay. The college student also posts flight data associated with other celebrities, including Taylor Swift and Mark Zuckerberg.
Persons: , Elon, Musk, Jack Sweeney —, Kurt Wagner, Wagner, Elon Musk, Sweeney, he'd, Lars Moravy, Andrej Karpathy, Parag Agrawal, Agrawal, Vijaya Gadde, Jack Dorsey, Alex Spiro, Dorsey, Taylor Swift, Mark Zuckerberg, Grimes Organizations: Service, Twitter, Bloomberg, Business, SpaceX, Tesla, Gulfstream, Super, University of Central, University of Central Florida Locations: San Francisco, Texas, California, University of Central Florida
Mark Zuckerberg attended UFC 298 on Saturday, and appeared in fighter Alex Volkanovski's corner. X users turned it into a meme, comparing it to meeting new people and trying to fit in in social situations. AdvertisementMost people know by now that Mark Zuckerberg is a big martial arts fan, from the near-endless saga of whether he'd fight Elon Musk, to tearing his ACL while sparring. I was looking at Mark Zuckerberg and I had too much fun. Saturday's UFC trip is not the first time Meta's CEO has found himself on the receiving end of the meme treatment.
Persons: Mark Zuckerberg, Alex Volkanovski's, , he'd, Elon Musk, Volkanovski, Ilia Topuria, Zuckerberg, Zuckerberg's, FdfWsCOvvb, Jules Terpak, Cousin Greg, HBO's, Merab Dvalishvili, Henry Cejudo, Dvalishvili Organizations: UFC, Service Locations: Georgian
Meta CEO Mark Zuckerberg has a side hustle as a cattle rancher. If things don't pan out at Meta, Zuckerberg jokes about going full-time on the ranch. AdvertisementMeta CEO Mark Zuckerberg has so many hobbies these days that even his daughter isn't sure what he does for a living. Zuckerberg recently took on a new hobby as a cattle rancher, adding to his growing list of tech exec extracurriculars that include mixed martial arts, hydrofoiling, and CrossFit. And, now, his daughter is starting to wonder whether he's a full-time cattle rancher instead of the head of a trillion-dollar tech company with ambitions of building a sweeping virtual world.
Persons: Mark Zuckerberg, Zuckerberg, , isn't Organizations: Meta, Service, Business
Zuck said last month he started raising cattle and feeds them beer and macadamia nuts. 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 . AdvertisementMark Zuckerberg recently added cattle ranching to his list of hobbies, and he relies on a surprising choice of feed for his cattle. The Meta CEO said on Instagram last month he'd started raising wagyu and angus cows on his ranch in Hawaii and that he planned to feed them beer and macadamia nuts, which the ranch would also produce.
Persons: Mark Zuckerberg, he's, Zuck, , he'd, angus Organizations: Meta, Service, Business Locations: Instagram, Hawaii
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