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Meta and Microsoft Won’t Stop Spending on AI
Both tech giants reported strong third quarters but their stocks fell anyway.Business - Inc. - October 31 -
Cramer’s week ahead: Earnings from Alphabet, Meta, Apple, Microsoft and Amazon
CNBC's Jim Cramer on Friday urged investors to keep a level head during next week's busy slate of corporate earnings and influential economic reports.Business - CNBC - October 25 -
Samsung falls short of expectations as chipmaker fails to reap AI benefits
Third-quarter operating profit far lower than analyst consensus and trails domestic rival SK HynixWorld - Financial Times - October 31 -
Donald Trump and the autocrats' playbook
‘This is a man who should be nowhere near power’World - Financial Times - October 31 -
UK Labour’s Budget borrows big, taxes more
Chancellor Rachel Reeves announced a £40bn tax increase and a sharp rise in borrowingWorld - Financial Times - October 31 -
Bank of Japan holds rates but signals normalisation still on track
Political uncertainty following election upset raises risks of abrupt policy shifts, warn analystsWorld - Financial Times - October 31 -
FirstFT: US consumers continue to spend, spend, spend
Also in today’s newsletter, North Korea fires its longest-ever test missile, and the activists ready to challenge the election resultWorld - Financial Times - October 31 -
Stellantis hit by sales slide in US and Europe
Fiat, Jeep and Peugeot owner suffers 27% drop in third-quarter sales but signals improvement to US inventoryWorld - Financial Times - October 31 -
Meta faces day in court
Welcome to The Hill's Technology newsletter {beacon} Technology Technology The Big Story Meta to face trial in FTC antitrust suit Meta must face trial in an antitrust case brought by the ...Politics - The Hill - November 13 -
Meta misses on user growth, warns of 2025 jump in AI spending
Meta reported weaker-than-expected user numbers and warned of a significant acceleration in its infrastructure expenses in 2025 in its third-quarter earnings.Business - CNBC - October 30 -
Why Meta and Snap are spending billions on AR glasses
Meta CEO Mark Zuckerberg and Snap CEO Evan Spiegel are betting big that augmented-reality glasses will replace the smartphone.Business - CNBC - October 24 -
House Republican presses Meta on censoring political content
Texas Rep. August Pfluger (R) expressed concern in a letter to Meta on Tuesday over the platform's decision to automatically opt users out of political content, arguing the platform's users should ...Politics - The Hill - October 24 -
Meta Reports Record Revenue, Slower Ad Growth
The social media giant is spending billions on artificial intelligence and products for virtual and augmented reality.Tech - The Wall Street Journal - October 31 -
Facebook's parent company, Meta, facing courtroom battle
On Wednesday, a judge allowed a Federal Trade Commission lawsuit to move forward that accuses Meta of creating an illegal monopoly with Facebook, Instagram and WhatsApp. CBS News MoneyWatch ...Top stories - CBS News - November 14 -
Meta fined €798m over 'unfair' Facebook Marketplace
The European Union says the tech giant crowded out rivals, breaching competition law.Top stories - BBC News - November 14 -
Meta Finally Breaks Its Silence on Pig Butchering
The company gave details for the first time on its approach to combating organized criminal networks behind the devastating scams.Tech - Wired - 5 hours ago -
Foreign Election Interference May Escalate, Microsoft Says
Efforts by Russia, Iran and China to sway U.S. voters could intensify, according to a new report from the tech giant.Business - Inc. - October 24 -
Investors Want to See a Payout on Microsoft’s AI Efforts
As the tech giant readies a report of what’s forecast as its slowest quarterly growth in a year, shareholders want to see genuine demand for the AI applications it’s spent billions to develop.Business - Inc. - October 28 -
Microsoft dips on weak guidance after beating on earnings
Microsoft reported better-than-expected results for the fiscal first quarter as Azure topped estimates. But quarterly growth guidance was light.Business - CNBC - October 30 -
Microsoft Earnings Show Quarterly Revenue Is Up 16% to $65.6 Billion
The company’s profit increased 11 percent to $24.7 billion, beating Wall Street’s expectations and its own predictions.Tech - The New York Times - October 30 -
OpenAI launches ChatGPT search, competing with Google and Microsoft
OpenAI on Thursday launched ChatGPT search, positioning the company to better compete with search engines like Google, Microsoft's Bing and Perplexity.Business - CNBC - October 31 -
Microsoft Flight Simulator 2024 Launch Times Revealed
Microsoft Flight Simulator 2024 is set for release on November 19, but when exactly does the game launch that day? Microsoft has now published the official launch times for the game.. The game ...Tech - GameSpot - November 12 -
Bethesda Workers Go On Strike Against Microsoft
Last year, quality-assurance workers at Bethesda and ZeniMax studios formed ZeniMax Workers United, the largest certified video game union in the United States. Now that union is putting its ...Tech - GameSpot - November 13 -
US regulators plan to investigate Microsoft’s cloud business
FTC chair Lina Khan continues to pursue Big Tech in final days of Biden presidencyBusiness - Financial Times - November 14 -
Elon Musk Adds Microsoft to Suit Against OpenAI
In a new legal filing, the Tesla chief executive accuses the A.I. start-up of undermining antitrust law.Tech - The New York Times - 6 days ago -
Elon Musk Ramps Up Legal Fight With OpenAI, Microsoft
The billionaire accused the ChatGPT maker of anticompetitive behavior in new court filings.Tech - The Wall Street Journal - 6 days ago -
Elon Musk targets Microsoft in expanded OpenAI lawsuit
Billionaire alleges Microsoft and OpenAI illegally sought to monopolize AI market and sideline competitors. Elon Musk has expanded his lawsuit against the ChatGPT maker OpenAI, adding federal ...World - The Guardian - 6 days ago -
Meta Quest 3S Review: The Best Headset for VR Noobs
Meta’s most affordable VR headset is cheap, light, and easy to use. Just don’t expect to wear it too long, as the battery life isn't great.Tech - Wired - October 23 -
Meta Platforms Defeats Shareholder Lawsuit Over Child Safety Claims
The plaintiffs said Meta misled them about how it makes Instagram and Facebook safe for younger users. A federal judge in San Francisco disagreed.Business - Inc. - October 23 -
EY and Meta Fired Workers for Stretching the Rules: What Would You Do?
EY employees watched multiple training videos at once. Meta employees used meal vouchers for non-food items. Here’s how employers should evaluate breaches like these, one expert says.Business - Inc. - October 23 -
Velan Studios readies launch for Bounce Arcade VR game for Meta Quest
Velan Studios announced its VR pinball game Bounce Arcade is available for pre-order on Meta Quest and will debut on November 21. In the game, you enter the machine and play pinball like you’ve ...Tech - VentureBeat - October 24 -
Meta just beat Google and Apple in the race to put powerful AI on phones
Meta has launched compressed AI models that run directly on smartphones, making artificial intelligence faster and more private while using less memory than cloud-based alternatives.Tech - VentureBeat - October 24 -
Meta AI to Use Reuters Content to Answer User Questions in Real Time
Meta AI didn’t share whether it would use Reuters content to train its large-language model.Business - Inc. - October 27 -
Meta’s stock is up 500% in two years. Is it still a ‘set-it-and-forget-it’ play?
Meta reports earnings on Wednesday afternoon.Business - MarketWatch - October 29 -
Markey urges Meta to relaunch research initiative for 2024 election
Sen. Ed Markey (D-Mass.) on Wednesday urged Meta, the parent company of Facebook and Instagram, to enable independent academic researchers to study the impact of its platforms on the 2024 election ...Politics - The Hill - October 29 -
Apple, Meta and Amazon must show the stock market that AI spending is paying off
Big-tech bellwethers facing scrutiny on whether they are meeting competitive challenges.Business - MarketWatch - October 30