Meta prepares to produce its own AI chip as Zuckerberg bets big on personal super intelligence

The AI chip boom just produced its biggest Wall Street moment yet. Now SK Hynix and Samsung are being asked to build US factories.

The post 10 Top Stock Picks from HSBC Analyst Ahead of Q2 Earnings: Microsoft (MSFT), Meta (META), Amazon (AMZN) and More appeared on BitcoinEthereumNews.com. Key Takeaways Nicole Inui from HSBC has identified ten Buy-rated equities to monitor as second-quarter reporting season launches next week Selected companies represent technology, banking, consumer goods, and industrial manufacturing sectors Azure AI at Microsoft is experiencing 40% annual revenue expansion, with momentum expected to continue Meta’s advertising revenue surged 33% in the first quarter, fueled by artificial intelligence-enhanced recommendation engines Wells Fargo’s valuation sits at merely 10.8x forward 2027 earnings, bolstered by robust share repurchases and lending expansion As the second-quarter earnings cycle prepares to launch next week, HSBC has unveiled its premier stock selections. Led by analyst Nicole Inui, the research team compiled a roster of Buy-rated companies positioned for strong performance across

Meta is on track to begin production of its latest AI chips in September as part of an effort to reduce GPU costs amid ongoing component shortages, Reuters reported, citing an internal memo. The chips, developed under Meta’s Meta Training and Inference Accelerator program with Broadcom and manufactured by TSMC, are intended to support training […]

The post You Can Now Make AI Content Using Public Instagram Accounts—And It’s Rattling Hollywood And Cybersecurity Experts appeared on BitcoinEthereumNews.com. Topline Major Hollywood unions and talent agencies are urging the celebrities they represent to opt out of a controversial new feature on Instagram that allows users to create AI images based on posts by public accounts, while some cybersecurity companies are raising privacy concerns. Meta unveiled its Muse Image tool for Instagram earlier this week. (Photo by Nikolas Kokovlis/NurPhoto via Getty Images) NurPhoto via Getty Images Key Facts Instagram has faced backlash this week over Muse Image, an AI image generation tool it unveiled that allows users to create AI content based on images posted by public accounts, who are not notified when their posts are used for image generation. Among the feature’s most controversial quirks is that it automatically opts users with public accounts into the program, meaning users have to manuall

Digital Services Act may force Meta to make big changes on its platforms.

The IPO's success highlights a renewed risk appetite, potentially boosting crypto markets, but sentiment remains cautious and volatile. The post AI chip fever lifts crypto as SK Hynix makes a splashy Nasdaq debut appeared first on Crypto Briefing.

Ashton Kutcher is departing Sound Ventures, the venture firm he co-founded with Guy Oseary 11 years ago, to launch a new fund with Morgan Beller, a former general partner at NFX who previously co-led Meta’s Libra cryptocurrency project and spent nearly three years at Andreessen Horowitz, the Wall Street Journal reported. The name of the […]

The post Meta rejects EU finding that Facebook, Instagram use addictive design appeared on BitcoinEthereumNews.com. Meta has pushed back on what the European Commission recently said about a preliminary finding that showed that Instagram and Facebook broke EU law with features built to keep users scrolling. The finding, which was published on July 10 and looked into what the commission refers to as the “addictive design” of the two apps under the Digital Services Act (DSA), could expose the company to fines worth up to 6% of its global annual turnover and force design changes across both platforms. Features like the infinite scroll, video autoplay, push notifications, and the platforms’ personalized recommender systems are being pointed out as part of the core problem.  According to the Commission, these features “shift the brain into autopilot mode,” and it says that Meta failed to properly weigh their effect on users’ physical and mental health. A Meta spokesperson stated that the co