Meta's Reality Labs, the division behind VR headsets and AI-powered wearables, reported a $4.62 billion loss in Q2, slightly better than the expected $5.07 billion loss. Revenue increased to $431 million from $370 million a year ago. Despite ongoing losses totaling over $80 billion since 2020, Meta continues to invest in VR and wearable tech, including Ray-Ban Meta glasses, as it shifts focus due to slow consumer adoption of VR. This reflects Meta CEO Mark Zuckerberg's long-term vision of digital worlds for work and play, though the market remains challenging.
SpaceX could offset losses from rockets and AI if it captures just 1% of the phone market, with business and government revenue growing faster than consumer sales. Tesla benefits from rising gas prices, which act as a stronger incentive than the EV t...
AI-powered wearables from Apple, Amazon, Meta, and startups now continuously listen and transcribe conversations, raising new privacy and legal concerns. Unlike earlier smart speakers activated by wake words, these devices interpret speech without st...
Meta recently updated its commercial terms to allow use of content from business accounts for AI training, raising concerns about web scraping. After backlash and legal scrutiny, Meta clarified the terms only apply to ads and business products and do...
Meta Platforms, Inc. is set to announce its earnings next Wednesday, with expectations of strong business growth. However, investors should note that free cash flow is likely to remain low because of the company's significant investment spending. The...
The SOXX semiconductor ETF experienced a 15% correction, reflecting a market reset after rapid AI-driven gains. Investors are reassessing risks, favoring quality AI ecosystem leaders like Microsoft, Nvidia, and Meta, which benefit from strong demand ...
