Tesla sues maker of ‘highly unsafe’ breakaway EV charging adapters; Google pulls Gemini AI ad from Olympics after backlash.
META
Meta's strategy involves building AI infrastructure with flexibility, which can be utilised for various purposes
Meta AI has seen significant growth in usage in India with user retention and engagement showing positive trends on WhatsApp particularly.
Meta's Q2 revenue surges 22% to $39 billion, propelled by AI-driven ad sales, with profits jumping to $13.5 billion.
Meta reported a Q2 revenue increase of 22% to $39.1 billion, surpassing analysts' expectations of $38.3 billion.
Meta plans to significantly increase computing power for training its next-generation language model, Llama 4.
Meta's AI Studio empowers users to create and share their own personalised AI chatbots, utilising the advanced Llama 3.1 model.
Meta's Q2 ad sales expected to rise, showing market resilience. The company focuses on cost management and continued AI investment.
AMD raises its 2024 AI chip sales forecast to $4.5 billion and expects supply constraints to last until 2025.
OpenAI has endorsed three Senate bills that can shape the federal government's stance on AI, including the Future of AI Innovation Act.
SAM 2, the new AI model introduced by Meta, is capable of recognising and tracking any object moving in a video in real time.
Meta Platforms, the parent company of Facebook, has agreed to a monumental $1.4 billion settlement with the state of Texas.
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