Tag Archives: Meta

Over the last 2 years, there have been a few cuts within the company as part of its goal to “deliver durable savings through improved velocity and efficiency”. Tech giant Google LLC (NASDAQ: GOOGL) has cut at least 40 jobs in its Google News division. According to those familiar with the matter, the reason behind the layoff round is the uncertainty and sensitive time for online platforms and publishers. The exact number of those who lost their job at the Google News unit is not confirmed....

Out of the 1,258 job cuts, more than 750 positions are from different levels of Qualcomm’s engineering ranks. The rest of the reductions cover a broad range of roles such as internal technical staff and accounting.  American largest chipmaker Qualcomm Inc (NASDAQ: QCOM) will lay off about 1258 employees in its California unit. According to a filing with the California Employment Development Department, as many as 1,064 of its San Diego employees and 194 of its Santa Clara employees will be...

Users subscribed to Character.AI’s $10 plan can now access the group chat for feedback and improvements, before public release. Chatbot startup Character.AI is launching a new group chat feature for subscribers. The firm, backed by venture capital giant Andreessen Horowitz (a16z), has introduced a group chat where the app’s users and friends can simultaneously converse with multiple AI characters. Character Group Chat Helps Users Collaborate with AI Character.AI is a chatbot platform that...

CCS Insight predicts that the EU will indeed be the first to introduce specific regulations for AI. CCS Insight, a leading technology research firm has made a bold prediction that generative Artificial Intelligence (AI) is in for a reality check in 2024, as the hype surrounding this transformative technology gives way to the practical challenges it poses. The Cold Shower for Generative AI in 2024 According to recent reports, CSS Insight shared this prediction in its annual roundup of top...

Bird’s second-quarter earnings in 2023 showed a 19% year-over-year reduction in average rides per vehicle daily. Shared micromobility company Bird is downsizing again. The details were contained in an email sent to the entire company by interim CEO Michael Washinushi. “Regrettably, today we need to reduce our headcount in order to achieve our broader goals and to ensure that the entire organization can sustain itself and continue its mission,” admitted he. Bird’s interim CEO noted that the...

Participants at the Meta Connect conference expect details of the company’s investment in the metaverse at the 2-day event. The CEO of Meta Platforms Inc (NASDAQ: META) is expected to provide information on the company’s investment in the long-awaited Meta metaverse development at the Meta Connect conference today and tomorrow. Participants at Meta Connect expect to hear details about Meta’s plan to attract investment in artificial intelligence powered by virtual reality (VR) and augmented...

Threads has lost nearly all of its initial momentum as the app is now struggling to attract new users and keep existing ones on the platform. Threads, the Twitter rival launched by Meta Platforms Inc, is going through its fair share of struggles as new users are no longer joining the platform. According to a Tuesday publication from Insider Intelligence, Threads is the only app above Tumblr on a ranking of the most popular social media services according to the number of users in the US....

In addition to Flows, WhatsApp is taking steps to empower businesses with payment solutions.  B2B customers in India can now make payments to companies within the chat using their preferred payment methods.  In an eagerly awaited announcement, WhatsApp, a subsidiary of Meta Platforms Inc (NASDAQ: META) has unveiled its latest feature, “Flows”. This innovation promises to reshape the way businesses communicate with their customers and clients, offering a seamless and dynamic messaging...

WhatsApp has a user base of over 2 billion people worldwide and analysts have predicted that it will eventually take advantage of this and monetize the service. Tech giant Meta has dismissed claims that it is considering adding ads to its WhatsApp messaging app. This comes after the Financial Times reported that teams at Meta have been exploring the possibility of showing ads in lists of conversations with contacts on the WhatsApp chat screen. The report also claimed that the company was...

According to Goldman Sachs, the spike in AI stocks is here to stay, and reflects the beginning of a new tech wave, not a bubble. Global investment banking and financial services firm Goldman Sachs (NYSE: GS) has stated that the current explosion in artificial intelligence (AI) adoption is not a bubble. Despite worries that the spike in AI interest and related tech stocks might be weak, Goldman Sachs states that the popularity of these stocks is more of a revolution than a bubble. Some...