Meta Platforms Inc. delivered a strong performance in the second quarter of 2024, with sales surpassing expectations, largely due to the company’s investments in artificial intelligence (AI). This development signals that Meta's AI-driven ad targeting is yielding results, pushing its stock up by 10% in Thursday trading. CEO Mark Zuckerberg, during a call with investors, highlighted Meta’s ongoing push into…
Over $1.93 trillion was erased from U.S. stocks, with the Nasdaq plummeting by more than 1,000 points. Investors, rattled by weak economic data and growing fears of a U.S. recession, fled riskier assets in droves, sending shockwaves across global financial markets. Major indices suffered sharp declines early in the trading session. By 11:30 a.m. ET, the Dow Jones Industrial Average…
Google is rolling out significant updates for its two flagship navigation apps, Google Maps and Waze, aiming to bridge the gap between the two while maintaining their distinct identities. These new features are designed to make both apps more user-friendly and responsive to real-world driving conditions. Google Maps Steps Up with Waze-Like Incident Reporting One of the most notable updates…
Spotify has reversed its decision to limit lyrics access for free users, once again allowing them to view lyrics for any song they listen to on the platform. Back in May, the company tested a change that restricted free users to seeing lyrics for just three songs per month, a move that faced significant backlash from the user community. Starting…
OpenAI, the innovative force behind ChatGPT, has unveiled a groundbreaking "SearchGPT" prototype, poised to challenge Google's dominance in the search engine market. Designed to blend the prowess of AI models with real-time web information, SearchGPT promises swift and relevant responses to online queries. The initial rollout targets a select group of users and publishers, aiming to gather crucial feedback. This…
The sportswear giant has positioned the Paris Olympics as a moment to reclaim “sharper and bolder” marketing. Nike’s latest advertising campaign for the Summer Olympics in Paris, “Winning Isn’t for Everyone,” champions the ruthless drive it takes to win. This bold campaign marks Nike’s strategic move to reestablish its presence with sharper and bolder brand marketing. The campaign, narrated by…
As a result of the investigation regarding the global interruption in devices using the Windows operating system, it was determined that the outage is linked to the US-based cybersecurity firm CrowdStrike's software. The disruption was not caused by a cyber-attack, the Information Technologies and Communication Authority of Türkiye announced on Friday. "CrowdStrike is aware of reports of crashes on Windows…
Microsoft is set to invest 2.2 billion euros ($2.4 billion) in a massive data center project in northeastern Spain, according to regional authorities. This ambitious venture is part of Aragon's strategy to become a leading hub for cloud storage. The announcement, which follows other plans unveiled by the US software giant, raises Microsoft's planned investment in Aragon to nearly 6.7…
State-owned power company China Three Gorges Renewables Group will build an 8 GW solar farm as part of a nearly $11 billion integrated energy project. This ambitious project underscores China's commitment to renewable energy and its determination to meet the surging global electricity demand, which is rising at its fastest rate in two decades, according to the International Energy Agency…
Threads, Meta's alternative to X (formerly Twitter), has reached 175 million monthly users a year after its unexpected launch. "What a year," Meta CEO and Facebook founder Mark Zuckerberg said Wednesday on Threads, celebrating the platform's significant milestone. Threads, which debuted on July 5 last year, is a spin-off of Instagram, designed to compete with X after the platform alienated…
