Catenaa, Thursday, May 29, 2025- Big tech stocks in the US gained on Thursday following a US trade court ruling that the vast majority of Trump’s global tariffs are illegal. Tesla shares were up by 1.2% by 1.30 in the afternoon amid news of CEO Elon Musk’s exit from the Trump administration, and Nvidia shares […]
Catenaa, Thursday, November 12, 2024-Bitcoin has climbed to the 9th spot in global market capitalization, surpassing Meta Platforms following a surge driven by investor optimism over Donald Trump’s US presidential victory. Bitcoin’s market cap reached $1.46 trillion, with the cryptocurrency trading around $73,800, just behind Saudi Aramco. Analysts cite Trump’s potential pro-crypto policies, including the […]
Catenaa, Friday, August 22, 2025- Google has struck a six-year cloud computing deal with Meta Platforms worth more than $10 billion, Reuters reported Thursday. This is the search giant’s second big agreement recently, after one with OpenAI, and under the agreement, Meta will use Google Cloud’s servers, storage, networking and other services, the report said, […]
Catenaa, Friday, June 20, 2025- Google, Microsoft, and Elon Musk’s xAI are reportedly ending or scaling back their business relationships with AI data-labeling startup Scale AI following Meta Platforms’ acquisition of a 49% stake in the company. The deal, which values Scale AI at $29 billion, has triggered concerns among major tech players about sharing […]
Catenaa, Thursday, April 03, 2025- The Magnificent Seven stocks all fell on Thursday following the Trump Administration announcement of reciprocal tariffs, with Apple faring worst of all. The iPhone maker’s shares dropped 8% by mid-day after President Donald Trump late Wednesday imposed an 34% import tax on China, where Apple manufactures about 90% of its […]
Seoul, Thursday, March 7, 2024- LG Electronics (LG) announced on February 28, 2024, their alliance with Meta Platform, Inc. (Meta) in the expansion of Extended Reality (XR). The integration is aimed at strengthening the inclusive services offered by both companies, driving inventive ecosystems in the virtual background. The decision was taken after the meeting, which […]
Catenaa, Wednesday, January 08, 2025 – Meta has officially discontinued its high-end Quest Pro virtual reality headset, redirecting consumers toward the more affordable and powerful Meta Quest 3. The Quest Pro, launched in October 2022 at $1,499 and later discounted to $999, struggled to gain traction in the competitive VR market. Visitors to the Quest […]
Catenaa, Friday, April 25, 2025-Meta Platforms Inc. could be forced to spin off Instagram and WhatsApp as a landmark antitrust trial opened Monday, marking the most significant challenge yet to Big Tech under President Donald Trump’s Federal Trade Commission. The FTC alleges Meta, formerly Facebook, acquired Instagram in 2012 and WhatsApp in 2014 to eliminate […]
Catenaa, Thursday, July 31, 2025- Meta, parent company of Facebook, reported its second-quarter earnings on Wednesday, where its revenue jumped by over 21.5% year-over-year, outperforming market expectations. For Q2, Meta saw earnings per share (EPS) of $7.14 on revenue of $47.5 billion. Analysts were anticipating EPS of $5.89 on revenue of $44.83 billion, according to […]
Catenaa, Friday, January 10, 2025 – Meta Platforms Inc. has deleted several AI-generated accounts following user backlash over their misleading profiles and false claims. The controversy erupted after Meta’s vice president of generative AI, Connor Hayes, shared plans for AI characters to resemble human users on its platforms, sparking concerns over transparency and user trust. […]
Catenaa, Tuesday, 17, 2024-Meta Platforms has agreed to a record AU$50 million settlement with Australia’s Information Commissioner, resolving a lawsuit over the Cambridge Analytica privacy scandal. The payment, announced Tuesday, marks the largest privacy-related settlement in Australia’s history. The case stems from allegations that Facebook user data, collected through the “This Is Your Digital Life” […]
Catenaa, Wednesday, July 02, 2025-Meta CEO Mark Zuckerberg on Monday unveiled the company’s new artificial intelligence division, Meta Superintelligence Labs, after hiring a wave of elite researchers from OpenAI, Anthropic, and Google DeepMind early this week. The move intensifies the ongoing AI talent war and deepens tensions with rivals, particularly OpenAI. Leading the new unit […]
Catenaa, Friday, July 18, 2025- Meta Platforms declined to sign the European Union’s (EU) artificial intelligence (AI) code of practice because it is an overreach that will “stunt” companies, the company said on Friday. “Europe is heading down the wrong path on AI,” Meta Global Affairs Chief Joel Kaplan wrote in a post on LinkedIn. […]
Picture a realm where you could conduct a corporate rendezvous with a colleague while suspended in the farthest reaches of space, record lecture notes while basking in a breathtaking sunset, or even surpass that by instantaneously traveling from one corner of the planet to another. The Metaverse presents a notion that permits you to immerse […]
Catenaa, Wednesday, July 09, 2025- Nvidia became the first publicly traded company to hit the $4 trillion mark on Wednesday after its share price hit a record high of $164.27 as generative AI hype continues. The chipmaker surpassed fellow tech players, including Microsoft and Apple, and Nvidia’s stock price is up 22% year-to-date and 24% […]
Catenaa, Wednesday, July 02, 2025- Nvidia reclaimed the top spot among the most valued companies worldwide in June, as its shares gained to an all-time high of $158 with renewed optimism on AI leadership. The chipmaker’s market value stood at $3.86 trillion at the end of June, about 4.3% higher than Microsoft $3.69 trillion valuation. […]
Catenaa, Friday, May 23, 2025- Nvidia’s rise to center stage has been fueled by the spending of its fellow members of the so-called Magnificent Seven on chipmaker’s AI chips, Bloomberg said. Bloomberg estimates show that Microsoft is the largest driver of Nvidia’s revenue, followed by Meta, Amazon, and Google parent Alphabet, while Tesla is Nvidia’s […]
Catenaa, Tuesday, April 01, 2025- Top 10 global corporations saw a 13.2% decrease in their market value to $18.64 trillion in the first quarter of 2025, LSEG data said on Tuesday, making the biggest drop in market values since June 2022. The prolonged surge in tech stocks, which had been a key driver of equity […]
Catenaa, Tuesday, June 17, 2025- US President Donald Trump said on Tuesday that he’ll likely extend the deadline for China-based ByteDance to sell off TikTok before it’s set to go dark on Thursday. Speaking to reporters on Air Force One, Trump said that he believes a deal to sell TikTok will eventually materialize and that […]
Catenaa, Thursday, August 14, 2025- US stocks fell on Thursday as Wall Street digested a much hotter-than-expected Producer Price Index in July inflation, waning hopes of a September rate cut. The Dow Jones Industrial Average slipped 0.3%, while the benchmark S&P 500 fell 0.1%. The tech-heavy Nasdaq Composite lost 0.1%. Tech stocks such as AMD […]
Catenaa, Friday, June 13, 2025- US stocks fell on Friday as Israel’s attack on Iran’s nuclear facilities shook global markets, leading oil prices and gold prices to spike amidst uncertainty. The Dow Jones Industrial Average tumbled roughly 1.4%, the S&P 500 dropped 0.9%, while the Nasdaq Composite fell by 0.9%, as investors withdrew from riskier […]
Catenaa, Monday, June 16, 2025- US stocks rebounded sharply on Monday after a selloff on Friday, amid a report that Tehran is looking to de-escalate the conflict with Israel. The Dow Jones Industrial Average rose roughly 1.1% %, while the S&P 500 also moved up 1.1%. The Nasdaq Composite gained 1.5%. The cautious optimism follows […]
Catenaa, Wednesday, April 23, 2025- US stocks were up across the board on Wednesday after President Trump said that he has no intention of firing Fed Chair Jerome Powell. Market also reacted to reports that Trump is considering slashing steep tariffs on China, even though Treasury Secretary Scott Bessent denied the claims and said that […]
Catenna, Monday, March 17, 2025—After DeepSeek’s success, the biggest tech firms in the US will increase their combined annual spending on artificial intelligence to more than $500 billion by early next decade, Bloomberg Intelligence reported on Monday. Bloomberg Intelligence said companies, including Microsoft, Amazon, and Meta Platforms are projected to spend $371 billion on data centers […]
October 23, 2023: Meta, the parent company of Facebook and Instagram, announced the progress of its AI model called Imagen, which is capable of generating realistic images from text descriptions. It said that the model was trained on a massive dataset of images and text, and it can create images in various styles, including photorealistic, […]