Meta saw a 6% increase in its shares following the announcement of its second-quarter earnings report, which surpassed Wall Street’s expectations. The company reported a revenue increase of 22%, reaching $39.07 billion from $32 billion in the previous year. Additionally, net income rose by an impressive 73% to $13.47 billion, resulting in earnings per share
strategies
The Atlantic Meridional Ocean Current (AMOC) plays a crucial role in maintaining the relatively warm climate of Northern Europe, despite its high latitude. However, this may soon change due to the threats posed by global warming. A recent study sheds new light on the potential future of the AMOC and its implications for the region.
One of the key findings from a recent analysis conducted by CreatorIQ in partnership with TikTok is that 55% of TikTok users are more likely to trust brands when they hear about them from creators. This highlights the importance of working with creators on the platform to build credibility and engagement. However, not all creators
Artificial intelligence startup Galileo recently published a benchmark report that highlighted the rapid advancements of open-source language models compared to their proprietary counterparts. This shift in performance could potentially democratize AI capabilities and drive innovation across various industries. Anthropic’s Claude 3.5 Sonnet emerged as the top-performing model in Galileo’s index, surpassing offerings from established players
Last year’s Hollywood strikes highlighted the crucial role that artificial intelligence plays in the entertainment industry. Now, the Screen Actors Guild (SAG-AFTRA) has initiated a second strike, targeting the gaming giants dominating the video game industry. This strike underscores the challenges faced by actors in an industry that heavily relies on advancing technology, including AI.
In a recent report by Canalys, it was revealed that Apple has been edged out of the top five smartphone vendors’ list in China in the second quarter. This decline in market share can be largely attributed to the increasing competition from local brands such as Huawei. Apple’s market share in China dropped to 14%
The ambitious plan by California Forever, a group of Silicon Valley investors, to build a new city 60 miles away from San Francisco has hit a roadblock. The project is now on hold for a minimum of two years pending an environmental impact study, as reported by The New York Times. The delay comes after
In recent times, there has been a noticeable increase in large-scale attacks on corporate enterprise IT systems. These attacks have become more frequent as companies invest heavily in cybersecurity defenses to combat hackers who can cause significant damage with just a few lines of malicious code. However, the focus has predominantly been on these external
The recent global IT outage caused by a botched software update from CrowdStrike highlights the immense impact that a single mistake in the digital realm can have on the real world. When computer screens turned blue across the globe, flights were grounded, hotel check-ins were impossible, and freight deliveries came to a screeching halt. The
Oil spills, whether from underwater pipelines, natural processes, or ship accidents, have a significant impact on the environment. While the focus of cleanups has traditionally been on the oil slick that forms on the water’s surface, new research from the University of Illinois Chicago suggests that a significant amount of oil remains suspended beneath the