Meta Beats Earnings Expectations, AI Remains Top Priority
Meta is performing well after reporting its quarterly earnings but will it last? As guidance for the upcoming quarter has investors on edge, questions remain about some of the company's biggest investments like the Metaverse. Cheddar News senior reporter Michelle Castillo reported on the earnings and where the company stands with its progress in artificial intelligence development.
President Joe Biden on Monday will sign a sweeping executive order to guide the development of artificial intelligence — requiring industry to develop safety and security standards, introducing new consumer protections and giving federal agencies an extensive to-do list to oversee the rapidly progressing technology.
Google's head of search testified at the company's trial Thursday as it started presenting its defense. The Justice Department in several states alleged that Google violated antitrust law to achieve its dominance in search.
