What’s Going On With Meta Stock?

Published by
Benzinga

Meta Platforms, Inc. (NASDAQ:META) shares are trading above the $500 mark at all-time highs Friday. What To Know: Meta CEOMark Zuckerberg has recently focused on progress in the fields of artificial intelligence and augmented and virtual reality and met with Meta’s developers in Tokyo earlier this week to discuss the company’s Quest headsets and large language model, Llama. Zuckerberg also held meetings withSamsung Electronics Co. chairman Jay Y. Lee and LG Electronics Inc. CEO Cho Joo-wan on AI cooperation and the development of an extended reality headset. Meta is reportedly set to unveil it… Read More “What’s Going On With Meta Stock?”

Apple Vision Pro As Wedding Accessory? ‘Super Awesome To Show Our Kids In 20 Years,’ Groom Says

Published by
Benzinga

The release of the Apple Vision Pro mixed reality headset from Apple Inc (NASDAQ:AAPL) prompted warnings from police not use it while driving or walking across the road, due to safety concerns. Police may also want to issue a warning to grooms who want to wear it during their wedding day. What Happened: Apple released the Vision Pro on Feb. 2, its latest technology product that could usher in new fans to the company’s expanding ecosystem. While the Vision Pro has more than 1,000 apps and many functions, we’re not sure if celebrating holy matrimony is one of them. Enter Jacob Wright, a software… Read More “Apple Vision Pro As Wedding Accessory? ‘Super Awesome To Show Our Kids In 20 Years,’ Groom Says”

Nvidia Supplier Taiwan Semi Faces Water Shortage Challenge as Chip Production Demand Soars

Published by
Benzinga

Taiwan Semiconductor Manufacturing Co (NYSE:TSM) and peer semiconductor companies are facing increasing risks of water shortages as they progress to more advanced processing technologies, according to a report by S&P Global Ratings. Semiconductor manufacturing, essential for producing chips for devices like smartphones and TVs, demands substantial water usage to cool machinery and clean wafer sheets meticulously. The report highlights a direct correlation between the sophistication of semiconductor chips and water consumption, CNBC reports. As chipmakers move to more advanced semiconductor nod… Read More “Nvidia Supplier Taiwan Semi Faces Water Shortage Challenge as Chip Production Demand Soars”

Universal-TikTok feud ramps up as more songs come down

Published by
AFP

New York (AFP) – Universal Music Group has lambasted TikTok’s approach to AI as the feud between the two companies over song royalties escalates and popular music is expunged from the social media platform. The result of the closely watched negotiations could have significant ripple effects across the industry, as two of the most powerful players in the music and tech industries jockey for leverage in a landscape rife with uncertainty over artificial intelligence. In early February music including by Taylor Swift, BTS and Drake left TikTok after a breakdown in negotiations with Universal over … Read More “Universal-TikTok feud ramps up as more songs come down”

Dogecoin Climbs 10%: What If You Had Invested $100 At Its All-Time Low Prices?

Published by
Benzinga

Investing just $100 in Dogecoin (CRYPTO: DOGE) at its lowest price point in May 2015 would have resulted in significant financial growth, reflecting the coin’s substantial increase in value to its current price. What Happened: Dogecoin’s Meteoric RiseWith Dogecoin’s price hovering around $0.1375, up 10% on Friday, a $100 investment when the coin was at its lowest point would be worth an astounding $1.5 million today. This represents a staggering 1,531,866.7% increase in value. Meanwhile, the crypto community on Twitter is alive with discussions about Dogecoin’s recent performance. Bluntz Capit… Read More “Dogecoin Climbs 10%: What If You Had Invested $100 At Its All-Time Low Prices?”

Bitcoin Options On Horizon? Grayscale Pushes For Regulatory Approval

Published by
Benzinga

Crypto asset manager Grayscale Investments is advocating for the U.S. Securities and Exchange Commission (SEC) to approve options trading on its Bitcoin (CRYPTO: BTC) ETF, aiming to diversify its investor base. What Happened: Grayscale CEO Michael Sonnenshein recently highlighted the importance of granting options on the Grayscale Bitcoin Trust (OTC: GBTC) arguing that a denial would unjustly affect its shareholders, Reuters reported. This plea comes despite the SEC’s history of approving options for ETFs linked to Bitcoin futures. “It is vital to the interests of GBTC and all spot Bitcoin [ex… Read More “Bitcoin Options On Horizon? Grayscale Pushes For Regulatory Approval”

Secretary of State’s ‘misinformation’ program flags factual stories on noncitizens voting

Published by
The Center Square

(The Center Square) – An artificial intelligence company working on behalf of the Washington Secretary of State’s Office to track election and voter “misinformation” flagged factually accurate stories on noncitizens voting that were published by The Center Square. While the reports from the AI company claims the stories could undermine confidence in the state’s election process, The Center Square’s review of the stories were based on internal government documents and emails obtained through public records requests. Last year, the SOS signed a contract with U.K.-based AI company Logically to se… Read More “Secretary of State’s ‘misinformation’ program flags factual stories on noncitizens voting”

Stocks Rise Further As Fed’s Inflation Data Stay Quiet, Bitcoin Attract Investors, New York Community Bancorp’s Turmoil Resumes: This Week In The Markets

Published by
Benzinga

Equity markets continued their positive momentum, marking another week of gains since the rally began at the end of October 2023, buoyed by diminishing economic concerns. The Federal Reserve’s preferred measure of inflation, the Personal Consumption Expenditure price index, fell as expected in January, allaying fears of a fresh acceleration. The Nasdaq 100, as tracked by the Invesco QQQ Trust (NASDAQ:QQQ), soared past the 18,300 mark to achieve an unprecedented high. The S&P 500, as monitored through the SPDR S&P 500 ETF Trust (NYSE:SPY), surged above 5,100 points, also hitting record highs. T… Read More “Stocks Rise Further As Fed’s Inflation Data Stay Quiet, Bitcoin Attract Investors, New York Community Bancorp’s Turmoil Resumes: This Week In The Markets”

Bitcoin’s Unprecedented $20K Monthly Gain Is A ‘Starting Candle,’ Says Veteran Trader

Published by
Benzinga

Veteran prop trader Peter Brandt commented on Bitcoin’s February monthly close, saying that he is betting on this being a “starting” candle that leads to much larger gains. What Happened: Brandt shared his interpretation of Bitcoin’s largest-ever nominal dollar value monthly gain on his X (formerly Twitter) profile: Brandt, who has nearly 50 years of experience in prop trading, has been vocal about his bullish predictions for Bitcoin (CRYPTO: BTC). On Feb. 27, he predicted a price target of $120,000 to $200,000 for Bitcoin’s bull market cycle by August or September 2025. Read Also: Bitcoin Ana… Read More “Bitcoin’s Unprecedented $20K Monthly Gain Is A ‘Starting Candle,’ Says Veteran Trader”

Musk sues OpenAI over ‘betrayal’ of mission

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AFP

San Francisco (AFP) – Elon Musk has launched a legal case against OpenAI, the AI firm he helped to set up in 2015, accusing its leaders of a “betrayal” of its founding mission. The tycoon, who left OpenAI in 2018, argued in documents filed in a San Francisco court late Thursday that the firm was always intended as a nonprofit entity. But he said recent boardroom changes meant OpenAI was now effectively a subsidiary of software giant Microsoft, arguing that this was breach of contract. Musk has accused Microsoft of controlling OpenAI several times, with both firms denying the claims. Antitrust … Read More “Musk sues OpenAI over ‘betrayal’ of mission”