Articles for tag: artificial intelligence, augmented reality, Mark Zuckerberg, Meta, social media, Technology, virtual reality

October 28, 2024

Meta, once Facebook, shifts focus from the metaverse to AI, navigating skepticism and restoring power amid industry transformations.

Meta, formerly Facebook, began as a platform to connect Harvard students and has evolved over the years. In October 2021, Mark Zuckerberg rebranded the company, emphasizing a shift towards the metaverse—a virtual world for social interaction. However, following the rise of artificial intelligence, Meta has pivoted its focus to AI technologies. Despite impressive investments in ...

October 28, 2024

Market News

Wharton professor Ethan Mollick emphasizes that AI success hinges on organizational change, not just individual implementation, for true productivity gains.

Ethan Mollick, a professor at the Wharton School of the University of Pennsylvania, emphasizes that organizations need to adapt for AI to be effective, rather than relying solely on individual usage. His research highlights that while AI can enhance productivity, it requires thoughtful implementation. At a recent MIT AI conference, Mollick discussed how the integration ...

October 28, 2024

Market News

The debate over breast screening age heats up as experts clash over new guidelines, igniting confusion and concern among women.

The discussion around when women should start annual breast cancer screenings is heating up again. The 2024 recommendations from the U.S. Preventive Services Task Force suggest starting at age 40, lowering the previous age of 50. Some experts, like Dr. Russell P. Harris, argue that this change could lead to more false positives and unnecessary ...

October 27, 2024

Market News

Law enforcement intensifies efforts to combat AI-generated child sexual abuse imagery, targeting offenders who exploit advanced technology.

Law enforcement in the U.S. is intensifying efforts to combat child sexual abuse imagery created using artificial intelligence. This includes disturbing cases where images of real children are manipulated or entirely virtual children are generated to depict sexual acts. The Justice Department is actively pursuing cases against offenders, stating that existing federal laws can be ...

October 27, 2024

Market News

Business

Generative AI: Exciting Potential Yet to Fully Mature

Generative AI is gaining a lot of attention right now, but experts say it's still in its early phases. While there's excitement over its potential, the technology is still developing, and we have a long way to go before it reaches maturity.

October 27, 2024

Market News

Chinese tech firms are fiercely competing to hire top AI talent, with Moonshot AI recruiting Microsoft’s Tan Xu amidst a talent crisis.

Chinese tech companies are urgently looking to recruit skilled artificial intelligence (AI) experts due to a lack of top talent in the country. Notably, Moonshot AI, a leading AI startup, has hired Tan Xu, formerly of Microsoft Research Asia, to enhance its Kimi AI chatbot. Other firms, like ByteDance, which owns TikTok, are also ramping ...

October 26, 2024

Market News

2025 promises explosive growth for AI stocks, with Nvidia and Meta leading the charge amid fierce competition and bold innovations.

As we wrap up 2024, the outlook for AI stocks in 2025 looks promising, with the Market projected to reach $826 billion by 2030. Nvidia remains a top contender, expecting substantial growth from its upcoming “Blackwell” AI chips, alongside strong demand for its current models. Meanwhile, Meta, despite recent losses in its metaverse division, continues ...

October 26, 2024

Market News

Business

Tech and Media Sectors to Drive .1 Trillion Global Growth

Tech and Media Sectors to Drive $1.1 Trillion Global Growth

According to Activate Consulting's recent report, the tech, internet, and media sectors are projected to contribute over $1.1 trillion in global growth in the next four years. Activate CEO Michael Wolf discussed this outlook and the future of the AI sector on Bloomberg Technology.

October 26, 2024

Market News

Business

GLOBALT’s Thomas A. Martin Optimistic About Upcoming Tech Earnings Season

Thomas A. Martin, senior portfolio manager at GLOBALT Investments, expressed optimism about the upcoming tech earnings season during his appearance on "Bloomberg Technology" with Caroline Hyde and Ed Ludlow. He highlighted specific sectors he is focusing on, signaling positive trends in the tech industry.

October 26, 2024

Market News

Business

Biden Administration Urges Rapid AI Adoption for National Security

The Biden administration has called for a faster adoption of artificial intelligence in military and intelligence applications. A new national security memorandum directs agencies to swiftly deploy the most advanced AI systems while ensuring safety. Bloomberg Government’s Courtney Rozen discussed the implications of this move on "Bloomberg Technology."