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Read previewA former top lieutenant at Elon Musk's Twitter says she's working for Mark Zuckerberg at Meta now. AdvertisementBesides lauding "the exceptional quality of the people" working at Meta, Crawford said she was attracted by Zuckerberg's "vision and intensity." Crawford's latest career move could be an indicator of big moves Zuckerberg may be making in his bid to vanquish Musk's X. "I do plan to keep using both X and Threads," she said in an email to BI on Monday. Representatives for Meta and X didn't immediately respond to requests for comment from BI sent outside regular business hours.
Persons: , Mark Zuckerberg, I've, Esther Crawford, Crawford, he's, Zuckerberg, Elon Musk's, Elon, Musk's, hasn't, X didn't Organizations: Service, Elon, Twitter, Meta, Business, BI
Someone who could afford first-class seats but elects to save money by flying coach, for instance, is merely being cost-conscious, Farley says. "It's a very fine line," says Thomas Farley, an etiquette expert and keynote speaker known as Mister Manners. "Obviously, cheapskate is pejorative for I think 100% of the population, whereas frugality is definitely considered a virtue." But if you're coming across as cheap to other people, you're likely breaching the rules of good etiquette. Read the roomTo avoid looking cheap around your friends, it's important to take the temperature of how they usually behave with money, Farley says.
Persons: Farley, Thomas Farley, Mister Manners, laud, That's, you'll, we're Organizations: laud savers, CNBC
AdvertisementAs a potential US TikTok ban looms, Gen Zers are contemplating what app might take its place. A potential TikTok ban loomsThe US Senate passed a bill on Tuesday that could see TikTok removed from app stores. It's unclear if such AI tools would convince Gen Z to scroll on Instagram and use it more often. AdvertisementJaxson Whittle, an older Gen Z, told BI he holds a different opinion. "No hate to them, but I don't think it's the move for Gen Z at the moment."
Persons: Young, , Zers, Joe Biden, They'd, Gabrielle Yap, Instagram, Josie doesn't, Gen, Hibaq Farah, TikTok, Farah, Tabitha Mae, I'm, I've, Yap, Kat, It's, Sophie Lund, Yates, Hargreaves Lansdown, Jaxson Whittle, TikToker Cassandra Marie, Gen Z, she's Organizations: Service, Senate, Business, Pew Research Center, Meta, Facebook, BBC, YouTube, Gen Locations: TikTok
Meta introduced its AI-powered chatbot Meta AI across its social media and messaging platforms. The prompt "ask Meta AI anything" shows up whenever you click on the search bar in Instagram and Facebook. But despite being available on the app, Meta AI isn't automatically connected to your social media accounts or personal information. Unlike other chatbots that you can use at your own will, you can't get rid of Meta AI. And on WhatsApp and Messenger, users can just ignore the Meta AI chats since they're not available in the search bar.
Persons: Meta, , Mark Zuckerberg, Zuckerberg, Ana Altchek Organizations: Gemini, Service, Facebook, Apple, Meta Locations: Instagram
META YTD mountain Meta Platforms YTD We obviously don't like what we are seeing after hours in the stock. While expecting a similar dynamic to play out now with AI investments, Zuckerberg fully expects the end result to be similar as the team scales its offerings and then begins to monetize the investments. Regarding shareholder returns, the company repurchased $14.6 billion worth of stock during the quarter while returning another $1.3 billion via dividends. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. The logo of the U.S. company created by Mark Zuckerberg, Meta is displayed during the Viva Technology conference at Parc des Expositions Porte de Versailles on June 15, 2023 in Paris, France.
Persons: That's, Mark Zuckerberg, we'll, Zuckerberg, China's ByteDance, we've, we're, it's, ChatGPT, Jim Cramer, Joe Biden, Jim, Jim Cramer's, Porte de Versailles Organizations: Revenue, LSEG, Zuckerberg, China's, Meta, Microsoft, Electric, Realty Labs, Daily, People, CNBC, U.S ., Viva Technology, Parc, Chesnot, Getty Locations: U.S, Asia, Pacific, Paris, France
Profit was $12.4 billion, up from $5.7 billion a year earlier. “It’s been a good start to the year,” said Mark Zuckerberg, Meta’s chief executive, referring to the company’s A.I. efforts and “healthy growth across our apps.”But Meta’s efforts on A.I., which require substantial computing power, come with a lofty price tag. The Silicon Valley company said it planned to raise its spending forecast for the year to $35 billion to $40 billion, up from a previous estimate of $30 billion to $37 billion. infrastructure, including data centers, chip designs and research and development costs.
Persons: “ It’s, , Mark Zuckerberg Organizations: Revenue, FactSet Locations: A.I
In the last few days, you may have noticed something new inside Meta’s apps, including Instagram, Messenger and WhatsApp: an artificially intelligent chatbot. This is Meta’s response to OpenAI’s ChatGPT, the chatbot that upended the tech industry in 2022, and similar bots including Google’s Gemini and Microsoft’s Bing AI. The Meta bot’s image generator also competes with A.I. Unlike other chatbots and image generators, Meta’s A.I. assistant is a free tool baked into apps that billions of people use every day, making it the most aggressive push yet from a big tech company to bring this flavor of artificial intelligence — known as generative A.I.
Persons: , OpenAI’s ChatGPT, Bing, A.I, Organizations: corgi, Meta Locations: New York, San Francisco
Big technology earnings this week could offer a much-needed catalyst for a market under pressure. Last week, the S & P 500 and Nasdaq Composite notched their longest daily losing streaks since October 2022, with the broad index posting its worst week since March 2022. Big Tech's performance this week could set the tone for the rest of earnings season and revive the market momentum. Tesla Tesla launches the reporting period for the "Magnificent Seven" stocks, with results due out after the bell Tuesday. Meta Platforms Meta Platforms ' results are due out after the bell Wednesday.
Persons: Tesla, Elon Musk, John Murphy, Longtime Deutsche Bank Tesla, Emmanuel Rosner, Brent Thill, Bernstein, Mark Shmulik, Doug Anmuth, Justin Post, Goldman Sachs, Eric Sheridan, Jefferies, Bernstein's, Wells Fargo's Michael Turrin, Piper Sandler's Brent Bracelin, Kash Rangan, Brad Zelnick, OpenAI, Satya Nadella Organizations: Federal Reserve, Nasdaq, Tesla Tesla, Bank of America, Barclays, Longtime Deutsche Bank, Microsoft, Deutsche, NVIDIA Locations: China
Justin Sullivan | Getty ImagesAs tech's behemoths get set to report earnings this week, they do so facing a mountain of drama. Tesla kicks off tech earnings season after the close of trading on Tuesday, with shares of the electric vehicle maker trading at their lowest since January 2023. When it comes to AI, Meta debuted its assistant — Meta AI — on WhatsApp, Instagram, Facebook and Messenger last week. Loren Elliott | Bloomberg | Getty ImagesOn a busy Thursday for tech earnings, Alphabet is likely to capture the most attention. On Thursday, Alphabet CEO Sundar Pichai announced a consolidation of the company's AI teams, including responsible AI and related research teams, under the Google DeepMind umbrella.
Persons: Sundar Pichai, Justin Sullivan, tech's behemoths, Tesla, Microsoft's, Lip, CNBC's, we've, Brandon Bell, Drew Baglino, Rohan Patel, Musk, John Murphy, Meta, Mark Zuckerberg, Wall, OpenAI's ChatGPT, Joe Biden, Republican Donald Trump, Loren Elliott, Ruth Porat, Thomas Kurian's, livestreamed, Pichai, that's, Satya Nadella, Sam Altman, Altman, OpenAI, chatbot, MSFT Organizations: Inc, Government, Society, Google, Big Tech, Nvidia, BakerAvenue Wealth Management, Tech, Meta, Microsoft, Getty, Elon Musk's EV, Bank of America, Reality Labs, Facebook, Republican, Bloomberg, CNBC, Google Cloud, Union, Apple, Guggenheim Locations: Stanford , California, Austin , Texas, New York, Sunnyvale , California, Sunnyvale, Seattle, San Francisco , California, OpenAI, Mistral, U.S
Editor’s Note: Joey Jackson is a criminal defense attorney and a legal analyst for CNN and HLN. Prosecutors say they were no such thing, but were rather reimbursement to Cohen for a $130,000 payment he made on Trump’s behalf to former adult actress Stormy Daniels. Trump has said that prosecutors have “no case” against him. Expect prosecutors to talk about that freely, as they did during jury selection. Team Trump could say that he is completely innocent and the state’s case is built upon a pack of lies with no factual basis.
Persons: Joey Jackson, Alvin L, Bragg, Donald J, Joey Jackson Jeremy Freeman, CNN Trump, Michael Cohen, Cohen, Stormy Daniels, Daniels, Trump, Prosecutors, , John Edwards, Edwards, he’s, , they’ve Organizations: CNN, Trump, Prosecutors, Democratic Locations: Manhattan, New York, Independence
Most people taking those medications, called GLP-1s, say they are spending less on eating out at restaurants and ordering takeout, according to a Morgan Stanley survey released on Tuesday. GLP-1s include Novo Nordisk 's blockbuster weight loss injection Wegovy and diabetes counterpart Ozempic, along with Eli Lilly 's popular weight loss treatment Zepbound and diabetes injection Mounjaro. "There is growing evidence that the drugs have a meaningful impact on consumer behavior and spending on groceries and restaurants," Morgan Stanley analysts said in the survey. Those people are "early in their weight loss journey," but are making substantial changes to their diets and spending, according to the firm. Roughly half of people reported cutting consumption of regular sodas, alcohol and salty snacks by 50% or more since starting on weight loss drugs.
Persons: , Morgan Stanley, Eli Lilly, Hollie Adams, Reuters Morgan Stanley, Morgan Stanley survery Organizations: Washington Post, Novo Nordisk, Reuters, Consumers Locations: Manhattan, London, Britain
“One which we jokingly say belongs in a Netflix series.”A truck driver with a fraudulent waybill for a seafood shipment picks up the container. Instead of a load of farm-raised seafood, the truck driver pulled away from the loading dock with loot. “They needed people inside Air Canada to facilitate this theft,” Peel Regional Police Det. In its legal response to the Brink’s lawsuit, Air Canada has denied it was “careless” and its security lax. Canadian police had identified him as the truck driver early in the investigation but had not been able to locate him.
Persons: , Nishan Duraiappah, Nando Iannicca, Canada “, ” Duraiappah, ’ ” Patrick Brown, , Mike Mavity, Mavity, couldn’t, “ We’re, ” Mavity, , it’s, Brink’s, Eric, “ They’re, Nick Milinovich, Duraiappah, CNN’s Paula Newton, Fabiana Chaparro Organizations: CNN, Toronto Pearson International, Air Canada, ” Peel Regional Police, Netflix, Peel Regional Police, Peel, Canadian, CSI, Vancouver Bullion & Currency Exchange, Air, Police, ” Air Canada, Authorities, Alcohol, Tobacco, Firearms, Explosives, ” Police, Investigators, Court, Middle, Middle District of Pennsylvania, ” Peel Locations: Zurich, Switzerland, Canada, Pennsylvania, Florida, Georgia, Brampton, Toronto, Air Canada, United Kingdom, Dubai, India, Franklin County , Pennsylvania, Philadelphia, Middle District, Atlanta
The Nasdaq sank 2% on Friday as Netflix dropped nearly 11% post-earnings and Club stock Nvidia fell 10%, entering bear market territory but still up more than 50% in 2024. Following a much stronger-than-expected March retail sales report last month, fresh economic data and six Club stock earnings will take center stage in the week ahead. While lower rates may help stock multiples, that is not a sustainable path to higher equity prices over time. Earnings : The latest quarterly reporting season is starting to ramp into high gear with six Club names set to report next week. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Dow, Jerome Powell, Jim Cramer, Mark, Meta, Bing, Ford, Vimal, Lockheed Martin, Clark, Philip Morris, Sherwin, Williams, Baker Hughes, Lam, Northrop, Dr Pepper, CARR, Edwards Lifesciences, Jim Cramer's, Jim, Michael M Organizations: Nasdaq, Netflix, Nvidia, Dow Jones, Federal, Fed, Hamas, Gross, Google, Reality Labs, General Motors, Honeywell, Microsoft, Verizon Communications, Albertsons Companies, SAP, Cadence Design Systems, United Parcel Service, General Electric, GE, PepsiCo, Lockheed, Spotify Technology, RTX Corporation, JetBlue Airways, Halliburton, HAL, Philip Morris International, Quest Diagnostics, Texas Instruments, Seagate Technology, Mattel, Veralto Corporation, Boeing, General Dynamics, Boston, Hilton, Fisher, Otis Worldwide, IBM, Grill, Viking Therapeutics, Lam Research, Whirlpool, WM, Honeywell International, Royal Caribbean Cruises, American Airlines, Altria, Newmont, Caterpillar, Southwest Airlines, Myers Squibb, AstraZeneca, Mobileye, Northrop Grumman, CNBC, Comcast, Merck, Dow Inc, Carrier Global, Union Pacific, Intel, Western, Mobile, L3Harris Technologies, Exxon Mobil, Chevron, Colgate, Palmolive, HCA Healthcare, Charter Communications, Newell Brands, Jim Cramer's Charitable, Traders, New York Stock Exchange, Santiago, Getty Locations: Israel, Iran, Ukraine, destocking, China, Cleveland, Freeport, McMoRan, Kimberly, Masco, Bristol, New York City
As first quarter earnings season rolls on, analysts are upping their forecasts on a collection of names set to report next week. According to FactSet data, analysts have upwardly revised their earnings estimates by more than 18% over the past three months. Analysts polled by FactSet have increased their earnings forecasts by nearly 18% over the past three months, and now expect earnings of 66 cents per share. GE YTD mountain GE Aerospace stock. GE Aerospace started trading on Wall Street earlier in April, after General Electric completed a split into three components compromised of GE Vernova, GE Healthcare and GE Aerospace.
Persons: Meta, Justin Post, Goldman Sachs, John Marshall lauding, Noah Poponak, Rowe Price Organizations: Netflix, Express, CNBC, Meta, Facebook, Messenger, Bank of America, GE Aerospace, FactSet, GE, Wall, General Electric, GE Vernova, GE Healthcare, Seagate Technology
Hong Kong CNN —Apple has removed WhatAapp and Threads from its app store in China, following an order from the country’s internet watchdog which cited national security concerns. “The Cyberspace Administration of China ordered the removal of these apps from the China storefront based on their national security concerns. Other popular Western social media apps including X (formerly Twitter), Facebook, Instagram and Messenger are still available on Apple’s China app store, according to a check by CNN. Chinese consumers who once would have considered Apple are now turning to the country’s national brands. Its CEO Tim Cook visited Shanghai just last month to open the second biggest Apple store in the world.
Persons: Hong Kong CNN —, Duncan Clark, , VPNs, Tim Cook, — Hassan Tayir Organizations: Hong Kong CNN, Hong Kong CNN — Apple, Apple, CNN, Administration of China, Meta, BDA China, Facebook, IDC, Huawei Locations: China, Hong Kong, Beijing, United States, Shanghai
On a call with investors last spring, Mark Zuckerberg, the chief executive of Meta, said he believed that he had an opportunity to introduce artificially intelligent assistants “to billions of people in ways that will be useful and meaningful.”A year later, he is making good on his statement. On Thursday, Meta will begin incorporating new versions of its A.I.-powered smart assistant software across its apps, which include Instagram, WhatsApp, Messenger and Facebook. The latest technology will be rolled out in more than a dozen countries, including Australia, Canada, Singapore and the United States. software will become practically omnipresent — inside the news feed, in search bars and in chats with friends. People will be able to ask the assistant, Meta A.I., for help in completing tasks and getting information, such as what concerts might be occurring in San Francisco on a Saturday night or the best options for vegan enchiladas in New York.
Persons: Mark Zuckerberg, Meta, Meta A.I Organizations: Meta, Facebook Locations: Australia, Canada, Singapore, United States, San Francisco, New York
Meta gains : Shares of Meta Platforms rose 2% in the session. He navigated the downturn in U.S. department stores," Jim Cramer said Thursday. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, pounced, That's, Jim Cramer's, Estee Lauder, Fabrizio Freda, Jim, Horton, D.R Horton, Stanley Black, Decker Organizations: CNBC, Treasury, Nasdaq, Dow Jones, Facebook, Club, Meta, Deutsche Bank, VanEck Semiconductor, Micron, Netflix, PPG Industries, Procter, Gamble, American Express, Jim Cramer's Charitable Locations: Estee, U.S, China
Mark Zuckerberg announces 'big AI news'
  + stars: | 2024-04-18 | by ( Sarah Jackson | ) www.businessinsider.com   time to read: +3 min
The technology powers Meta AI, which CEO Mark Zuckerberg calls "the most intelligent AI assistant that you can freely use." They've also been integrated into Meta AI, the company's AI assistant. "With this new model, we believe Meta AI is now the most intelligent AI assistant that you can freely use," CEO Mark Zuckerberg said Thursday in an Instagram post. Advertisement"I don't think that today many people really think about Meta AI when they think about the main AI assistants that people use," Meta CEO Mark Zuckerberg told The Verge in an article published Thursday. Meta AI, of course, faces stiff competition from better-known AI assistants, including the likes of OpenAI's ChatGPT, Microsoft's Copilot, and Anthropic's Claude.
Persons: Meta, Mark Zuckerberg, , They've, OpenAI's, Microsoft's Copilot, Anthropic's Claude Organizations: Service, Meta, Facebook
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
During a campaign rally, Vice President Kamala Harris blamed former President Donald J. Trump for the Arizona Supreme Court’s ruling to uphold a near-total ban on abortion. Crowd: “That’s right.” Former President Donald Trump did this. In Tucson, Ms Harris referred to those plans, which The New York Times has reported would rely on enforcing the Comstock Act. “Here’s what a second Trump term looks like,” Ms. Harris said. On Friday, in contrast, Ms. Harris leaned into the issue.
Persons: Kamala Harris, Donald J, Trump, Roe, , Donald Trump, Ms, Harris, , Wade, Biden, Ruben Gallego, Kari Lake, Ms Harris, “ Kamala Harris, ” Carol Tobias, Joe Biden, Lisa Lerer Organizations: Arizona Supreme, Trump, Republicans, Democrat, Republican, Democratic, White, New York Times, U.S Locations: Arizona, Tucson, Ariz, Florida, United States
Moderna on Thursday said it has paused plans to build a vaccine-manufacturing site in Kenya after a steep drop in demand for its Covid vaccines. Moderna's decision aligns with its broader effort to cut costs by resizing its Covid vaccine-manufacturing footprint. Moderna also had plans to start filling doses of its Covid vaccine in the continent as early as 2023. But the company has since determined that demand in Africa "is insufficient to support the viability of the factory planned in Kenya," Moderna said in a statement on Thursday. "This approach will allow Moderna to better align its infrastructure investments with the evolving healthcare needs and vaccine demand in Africa."
Persons: Moderna Organizations: Moderna, Kenyan Locations: Kenya, Africa
My salary journey in Big Tech has seen my total compensation — which includes base salary, bonuses, and stocks — increase from $15,000 in 2012 to $685,000 in 2024. I'm a staff software engineer and have worked at three different tech companies, moving from Oracle to Apple to Meta. In California, labor laws make it illegal for employers to ask you about your current salary and salary history. That could involve switching from a non-tech job to a tech job or taking a short-term hit for long-term gain. Unless the employer offers a significant pay bump along the way, total compensation usually takes a drop after this vesting period.
Persons: Sandeep Rao, , I'm, I've, it's, Glassdoor, haven't, Jane Zhang Organizations: Meta, Apple, Oracle, Service, Business, Big Tech, Microsoft, Carnegie Mellon University, Grad, Employers, Carnegie Mellon Locations: San Jose , California, India, Pittsburgh, Cupertino , California, Menlo Park , California, California, janezhang@businessinsider.com
They demanded Supreme Court justices who would overturn Roe v. Wade. With Roe v. Wade left on the “ash heap of history,” as anti-abortion leaders are fond of saying, they find themselves no longer calling the shots. And on Monday, their biggest champion, the man whom they call the “most pro-life president in history,” chose politics over their principles — and launched a series of vitriolic attacks on some of their top leaders. With his clearest statement yet on the future of abortion rights since the fall of Roe in 2022, Mr. Trump laid bare how faulty a messenger he had always been for the anti-abortion cause. When he first flirted with a presidential run in 1999, Mr. Trump was clear about his position on abortion: “I’m very pro-choice,” he said.
Persons: Donald J, Trump, Roe, Wade, , I’m Organizations: Republican, Mr, Conservative Political, Conference
In the meantime we may see something decidedly less ambitious out of Apple: New iPads. It would be like a more portable Facebook portal. And while I've never heard of the Google Pixel, I had heard of the Facebook Portal, and... Facebook doesn't sell those anymore. On the other hand: My colleague Katie Notopoulos loved the Facebook Portal. But you never know: I spent decades not wearing a watch, and now if I forget to put on my Apple Watch before I leave the house I get anxious about losing my steps for the day.
Persons: , Tim Cook, Bloomberg's Mark Gurman, Gurman, Apple, hasn't, I've, Katie Notopoulos Organizations: Apple, Service, Google, Facebook, Apple Watch
"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
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