Chinese startup Even Realities Technology, founded by former Apple engineer Will Wang, raised $150 million in a pre-Series B round, reaching a $1 billion valuation. The company develops AI-integrated smart glasses focused on privacy, with no cameras but features like messaging and live translation via heads-up displays. Even Realities aims to compete in the growing global smart glasses market, currently led by Meta with nearly 70% share. The funds will support product innovation, AI integration, and global expansion.
SanDisk's stock price skyrocketed 3,904.6% over the past year following its spin-off from Western Digital, driven by increased investor interest in memory hardware for AI data centers. A $1,000 investment in SanDisk last summer would now be worth ove...
India's government has issued stern warnings to Meta's Instagram and WhatsApp platforms within a week. Instagram was ordered to remove all child sexual abuse-related ads following a BBC investigation revealing paid ads promoting such content. WhatsAp...
David H. Lerner is accumulating shares of Meta Platforms and Micron, citing their strong long-term growth prospects driven by AI. Meta trades at a low forward P/E of about 18x with solid earnings and a strategic shift to AI cloud services and non-adv...
The recent surge in AI-related stocks appears to be losing momentum due to challenges faced by OpenAI, including pricing pressures, a delayed IPO, and political issues. Major tech companies like Meta and hyperscalers are reconsidering their investmen...
Wall Street ended the holiday-shortened week higher, driven by optimism over a potential Federal Reserve interest rate cut by year-end despite weaker-than-expected June jobs data. Technology stocks rebounded early in the week amid easing U.S.-Iran te...
