{
}
Google CEO Sundar Pichai stated that the rapid development of generative AI is slowing, as the "low-hanging fruit" has been picked, making future breakthroughs more challenging. Incremental improvements in current models like ChatGPT and Gemini are expected, but a significant shift in AI's impact on daily life is unlikely by 2025. Meanwhile, industry jobs related to AI are becoming more lucrative, with AI trainers earning over $64,000 and prompt engineers over $110,000 annually.
In October 2021, Facebook rebranded to Meta, signaling a shift towards the metaverse, a vision that began with the acquisition of Oculus in 2014. Despite ambitious goals of reaching one billion users in Horizon Worlds by 2030, the platform struggled with only 200,000 monthly active users by late 2022, while Reality Labs faced $58 billion in losses since 2020. Interest in the metaverse has waned, with a significant drop in public searches and discussions since 2022, although Meta has found some success in augmented reality through its partnership with Ray-Ban.
Meta has launched Llama 3.3, an open-source multilingual large language model with 70 billion parameters, offering enhanced performance at a significantly lower cost compared to its predecessor. The model is designed for cost-effective inference, achieving token generation costs as low as $0.01 per million tokens, while also ensuring environmental sustainability through renewable energy initiatives that resulted in net-zero emissions during training. Developers can access Llama 3.3 under a community license, with specific guidelines for use and attribution.
A federal appeals court upheld the PAFACA Act, allowing for a potential TikTok ban in the U.S. due to national security concerns. TikTok's lawsuit claimed the law infringes on free speech, but the court ruled it does not suppress content, leaving the app's future uncertain as it may appeal to the Supreme Court. The Biden administration could extend the deadline, placing the decision in the hands of President-elect Trump.
Flau'jae Johnson, the LSU basketball star and rapper, has signed an equity deal with the new women's 3-on-3 league Unrivaled, aiming to elevate women's sports. With a net worth of $7 million and a strong social media presence, she continues to thrive in both athletics and music, while also focusing on business education. Johnson admires LeBron James for his business acumen and emphasizes the importance of discipline and time management in balancing her multiple pursuits.
Xreal has launched its latest augmented reality glasses, the Xreal One Series, featuring the new X1 chip, its first self-designed processor. This advancement eliminates the need for a companion device, enhancing connectivity with phones, laptops, and consoles. As competition intensifies from Meta and Snap, Xreal aims to redefine the AR glasses market, focusing on lighter form factors and improved user experiences, while addressing the current lack of compelling content.
OpenAI has partnered with defense startup Anduril to enhance US military air defense systems using AI technology. The collaboration aims to improve threat assessment and decision-making for military operators, reflecting a growing trend among tech companies to engage with the defense sector amid geopolitical tensions. OpenAI's CEO emphasized the commitment to responsible use of AI in military applications to protect personnel and uphold democratic values.
OpenAI aims to reach 1 billion users and profitability by 2025, building on its rapid growth to 250 million weekly active users. Despite projected sales of $3.7 billion in 2024, the company faces a $5 billion operating cost challenge, prompting plans for new data centers and a potential shift to a for-profit model. With a recent $6.6 billion funding round, OpenAI is poised to expand its market presence and enhance its offerings.
Bluesky has surged to 24 million users following the US election, prompting CEO Jay Graber to emphasize a commitment to maintaining a positive user experience without ads. To monetize, the platform plans to introduce subscription services for enhanced features, although recent growth has delayed this rollout. As Bluesky expands, it has increased its content moderation team from 25 to 100 contractors to manage the influx of users effectively.
Generative AI is rapidly transforming enterprise IT, with significant use cases in customer support, coding, and data management. By 2025, the market will see a rise in vertical-specific small language models and voice assistance as a key interface, while AI agents face hurdles before widespread adoption. Enterprises are advised to navigate the evolving landscape carefully, focusing on integration, policy development, and hands-on experience to maximize the benefits of AI technologies.
Meta
Companies
META / nasdaq
Meta Platforms
At close 12/06/2024 21:00:00
623.77$
14.84$ (0.02%)
After hours: 12/07/2024 00:59:59
623.05$
-0.72$ (-0%)
Content of tab #2
Meta Platforms
Meta Platforms, Inc. (META), formerly known as Facebook, Inc., is a technology company specializing in social media and digital advertising. Headquartered in Menlo Park, California, Meta operates some of the world’s most popular platforms, including Facebook, Instagram, WhatsApp, and Messenger. The company generates the majority of its revenue from advertising. Meta is also developing and advancing virtual and augmented reality technologies through its Reality Labs division.
Sector
communicationservices
Industry
Interactive Multi-Media
CEO
Mark Zuckerberg
Employees
67317
Website
Address
1601 Willow Road, Menlo Park, CA, 94025, US
MachinaScore
10
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
662.62$ (6.23% Upside)
662.62$ (6.23% Upside)
Blogger Sentiment
Bullish
META Sentiment 87%
Hedge Fund Trend
Very Negative
By -2.54M Shares Last Quarter.
Insider Transactions
Very Positive
Worth 22.6M over the Last 3 Months
Crowd Wisdom
Negative
Last 7 Days
0%
Last 30 Days -0.02%
Last 30 Days -0.02%
News Sentiment
Very Bullish
Bullish news 90.9%
Bearish news 9.1%
Bearish news 9.1%
Technicals
SMA
Positive
20 days / 200 days
Momentum
97.08
Trailing 12-Months
Fundamentals
Return on Equity
97.08
Trailing 12-Months
Asset Growth
18.56
Trailing 12-Months
| Symbol | META |
| Name | Meta Platforms Inc. |
| Currency | USD |
| Sector | Communication Services |
| IndustryGroup | Telecommunication Services |
| Industry | Diversified Telecommunication Services |
| Market | NASDAQ Global Select |
| Country | United States |
| State | CA |
| City | Menlo Park |
| Zipcode | 94025 |
| Website | https://www.meta.com/ |
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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