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.
Amazon.com Inc. surpassed $2 trillion in market value for the first time in afternoon trading on Wednesday. The push higher for Amazon’s stock market valuation comes a little more than a week after Nvidia hit $3 trillion and briefly became the most valuable company on Wall Street. Nvidia’s chips are used to power many AI application and its valuation has soared as a result. Amazon has also been making big investments in AI as global interest has grown in the technology. Most of the company’s focus has been on business-focused products.
AI is transforming industries and raising ethical questions. UCLA Professor Hal Hershfield discusses "Your Future Self" and AI's impact on psychology and media.