Meta tumbles 15% on weak revenue forecast and Zuckerberg’s comments on spending

Meta shares tumbled 15% during premarket trading on Thursday after the company issued weak revenue guidance that overshadowed its first-quarter earnings beat.

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Nvidia-backed startup Synthesia unveils AI avatars that can convey human emotions

AI startup Synthesia on Thursday announced the launch of its “Expressive Avatars,” AI-generated digital avatars that can convey human emotions.

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Meta loses $200 billion in value as Zuckerberg focuses earnings call on all the ways company bleeds cash

Meta CEO Mark Zuckerberg spooked investors on the company’s quarterly earnings call Wednesday.

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Nvidia supplier SK Hynix reverses losses in first quarter on explosive AI demand

This comes after SK Hynix posted net losses for five consecutive quarters from a slump in the memory chip market.

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‘To the Future’: Saudi Arabia Spends Big to Become an A.I. Superpower

The oil-rich kingdom is plowing money into glitzy events, computing power and artificial intelligence research, putting it in the middle of an escalating U.S.-China struggle for technological influence.

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TikTok Broke the Tech Law Logjam. Can That Success Be Repeated?

For years, federal lawmakers have tried to pass legislation to rein in the tech giants. The TikTok law was their first success.

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Meta Says It Plans to Spend Billions More on A.I.

Along with the higher spending, the owner of Facebook, Instagram and WhatsApp projected lighter-than-expected revenue, causing its stock to plummet.

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There Is No TikTok in China, Only Douyin. Here’s What It Is.

ByteDance owns both TikTok and Douyin, and although TikTok has more users around the world, Douyin is the company’s cash cow and a China mainstay.

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How a Pirate-Clad Pastor Helped Ignite Trump Media’s Market Frenzy

Chad Nedohin, a part-time pastor, is among the fans of Donald J. Trump who helped turn Trump Media into a meme stock with volatile prices.

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Paystand acquires Teampay to be DeFi version of ‘Venmo for B2B payments’

“Teampay represents this new class of fintech companies that came up,” said Paystand CEO Jeremy Almond.
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