(Bloomberg) — Netflix Inc. investors have big expectations for the streaming giant’s first-quarter results due Thursday, which bulls hope will support a rally back toward record levels for the stock. Most Read from Bloomberg The shares have been on a tear in the past six months, adding $112 billion in value. Netflix is one of […]
(Bloomberg) — Facebook parent company Meta Platforms Inc. debuted a new version of its powerful Llama artificial intelligence model, its latest effort to keep pace with similar technology from companies like OpenAI and Alphabet Inc.’s Google. Most Read from Bloomberg Llama 3, unveiled Thursday, is an upgrade from an AI model that Meta released last […]
AT&T’s recent mega customer data breach — 74 million accounts affected — laid bare how much data carriers have on their users, and also that the data is there for the hacking. On Thursday, a startup called Cape — based out of Washington, D.C., and founded by a former executive from Palantir — is announcing […]
By Ron Bousso, David French and Marianna Parraga LONDON/HOUSTON (Reuters) – Hedge fund Elliott Investment Management is weighing a bid for shares in the parent of oil refiner Citgo Petroleum under a U.S. court-ordered auction, while a group of creditors represented by Centerview Partners aims to lure ConocoPhillips to join another offer, five people close […]
By Katie Paul NEW YORK (Reuters) -Meta Platforms on Thursday released early versions of its latest large language model, Llama 3, and an image generator that updates pictures in real time while users type prompts, as it races to catch up to generative AI market leader OpenAI. The models will be integrated into its virtual […]
Meta’s making several big moves today to promote its AI services across its platform. The company has upgraded its AI chatbot with its newest large language model, Llama 3, and it is now running it in the search bar of its four major apps (Facebook, Messenger, Instagram and WhatsApp) across multiple countries. Alongside this, the […]
[youtube https://www.youtube.com/watch?v=H7-DPezEqW8?version=3&rel=1&showsearch=0&showinfo=1&iv_load_policy=1&fs=1&hl=en-US&autohide=2&wmode=transparent&w=640&h=360] NASA’s decision to scrap its $11 billion, 15-year mission to Mars to bring back samples could create a startup feeding frenzy, TechCrunch reports. Describing its plans as too slow, and too expensive, NASA is going back to the drawing board, with an eye on getting the space industry to help. Sure, you might […]
(Bloomberg) — Facebook parent company Meta Platforms Inc. debuted a new version of its powerful Llama artificial intelligence model, its latest effort to keep pace with similar technology from companies like OpenAI and Alphabet Inc.’s Google. Most Read from Bloomberg Llama 3, unveiled Thursday, is an upgrade from an AI model that Meta released last […]
(Bloomberg) — The US is leading the UK on AI investments, raising concerns about a widening productivity gap, according to Bank of England policymaker Jonathan Haskel. Most Read from Bloomberg AI output can be quantified as a mix of fast computers, software and large databases, Haskel said, speaking to the Society of Professional Economists in […]
By Toby Sterling AMSTERDAM (Reuters) – Intel said on Thursday it had become the first company to assemble one of Dutch tech group ASML’s new “High NA EUV” lithography tools, an important part of the U.S. computer chip maker’s drive to outshine rivals. Intel was the first company to buy one of the 350 million […]
Serve Robotics, the Uber and Nvidia-backed sidewalk robot delivery company, debuted publicly on the New York stock exchange Thursday, making it the latest startup to choose going public via a reverse merger as an alternative path to capital needed to fund growth. The company, which spun out of Uber’s acquisition of Postmates in 2021, hits […]
(Bloomberg) — Taiwan Semiconductor Manufacturing Co. scaled back its outlook for a chip market expansion, cautioning that the smartphone and personal-computing markets remain weak. Most Read from Bloomberg The world’s largest maker of advanced chips cut its expectations for 2024 semiconductor market growth — excluding memory chips — to about 10%, from above that figure. […]
