Meta

Meta Reports First Quarter 2024 Results

Retrieved on: 
Wednesday, April 24, 2024
Family, Public expenditure, Capital expenditure, Total, DAP, Artificial intelligence, Ecosystem, Investment, Meta, Research, Capital, Reality Labs

Cash, cash equivalents, and marketable securities – Cash, cash equivalents, and marketable securities were $58.12 billion as of March 31, 2024.

Key Points: 
  • Cash, cash equivalents, and marketable securities – Cash, cash equivalents, and marketable securities were $58.12 billion as of March 31, 2024.
  • We expect second quarter 2024 total revenue to be in the range of $36.5-39 billion.
  • Absent any changes to our tax landscape, we expect our full-year 2024 tax rate to be in the mid-teens.
  • Meta will host a conference call to discuss the results at 2:00 p.m. PT / 5:00 p.m.

New Snorkel Flow Release Empowers Enterprises to Harness Their Data for Custom AI Solutions

Retrieved on: 
Wednesday, April 24, 2024
BNY Mellon, Conceptual model, Gemini, RHEL, SME, PII, Llama, LLM, SDK, Meta, Wayfair, CentOS, RAG, Family, Microsoft, RBAC, Machine learning, Microsoft Azure, GPU, Chubb, Flow, Customer service

REDWOOD CITY, Calif., April 24, 2024 /PRNewswire/ -- Snorkel AI today announced the latest release of its flagship AI data development platform, Snorkel Flow, to further accelerate large language model (LLM) customization with enterprise data. Snorkel Flow's latest release advances its programmatic approach to AI data development by introducing critical enterprise extensibility, readiness and collaboration features as well as broader support for multimodal data.

Key Points: 
  • Snorkel AI's new release streamlines secure, programmatic data development so enterprises can cross the chasm to production-quality AI
    REDWOOD CITY, Calif., April 24, 2024 /PRNewswire/ -- Snorkel AI today announced the latest release of its flagship AI data development platform, Snorkel Flow , to further accelerate large language model (LLM) customization with enterprise data.
  • Snorkel Flow's latest release advances its programmatic approach to AI data development by introducing critical enterprise extensibility, readiness and collaboration features as well as broader support for multimodal data.
  • Snorkel Flow is a scalable platform which makes this AI data development programmatic, just like software development, enabling industry leaders like Wayfair, BNY Mellon and Chubb to successfully build customized, production AI by operationalizing their data.
  • With features for enhanced connectivity, enterprise readiness, and human-in-the-loop collaboration, this release establishes Snorkel Flow as the central enterprise AI data development platform.

IAB Appoints Industry Leaders to Critical Roles Ahead of 2024 NewFronts

Retrieved on: 
Wednesday, April 24, 2024
DEI, Goldman Sachs, Lowe's, IAB, TED (conference), Ecosystem, Head, Media center, General counsel, EVP, Pinnacle, Dentsu, Woman, Heart, Marketing, Gabilan, Competition, MSPA, Meta, Global Media, Amazon, WPP, Privacy, Colgate-Palmolive, SVP, Legislation, Mind share, Assistant, Advertising, Creativity, Rebutia, PIAT, Growth, CPG

NEW YORK, April 24, 2024 /PRNewswire/ -- As anticipation builds for the 2024 IAB NewFronts, the pinnacle event in the streaming video marketplace, IAB, the leading trade body for the digital advertising industry, unveils key appointments to bolster its leadership team.

Key Points: 
  • Cintia Gabilan, a seasoned professional who's held senior roles at Amazon, Meta, and Unilever, steps into the position of Vice President at the IAB Media Center .
  • Adding to the roster, industry veteran Nadine Karp McHugh is appointed as the new IAB Executive in Residence.
  • Gabilan will lead one of IAB's most critical areas of focus as Vice President of its Media Center, right in time for the 2024 IAB NewFronts (April 29 – May 2) and the 2024 IAB Podcast Upfront (May 9).
  • "Some of the most meaningful IAB marketplaces, like the IAB NewFronts and IAB Podcast Upfront , are led by the IAB Media Center , and Cintia will undoubtedly bring a fresh perspective to the market.

Jergens® Skincare Unveils New Mom-Sense Campaign to Celebrate All Mom Figures This Mother's Day

Retrieved on: 
Wednesday, April 24, 2024
Skin, Love, Dry, Meta, Mother, Live, Collection, Perfume

CINCINNATI, April 24, 2024 /PRNewswire/ -- Moms and mother figures have a sixth sense when it comes to their families, knowing all of their ins and outs instinctually. This Mother's Day, Jergens® Skincare is celebrating all mom figures by showing its love for this special talent, which the brand coined as 'Mom-Sense,' and continuing its dedication to creating feel-good products for moms and their many senses.

Key Points: 
  • This Mother's Day, Jergens® Skincare is celebrating all mom figures by showing its love for this special talent, which the brand coined as 'Mom-Sense,' and continuing its dedication to creating feel-good products for moms and their many senses.
  • Jergens is partnering with mom and actress, Nicole Ari Parker, and fashion jewelry brand, Adina Eden, to co-create a custom bracelet, specially made for moms.
  • This limited-edition bracelet is inspired by Jergens iconic Cherry Almond scent, which has been passed down for generations and encapsulates a true feeling of comfort for many.
  • Original Scent Cherry Almond Body Wash: Maximizes skin vitality for moisturized, beautiful and healthy-looking skin with a light cherry-almond scent.

Open Compute Project Foundation and iMasons Announce a New Collaboration

Retrieved on: 
Wednesday, April 24, 2024
HPC, OCP, Into the Woods, Ecosystem, Mass, AI, Schneider Electric, Research, Meta, Carbon, Steel, Microsoft, Carbon accounting, IDC, Behavior, Disclosure, Renewable energy

LISBON, Portugal, April 24, 2024 /PRNewswire/ -- Today, the Open Compute Project Foundation (OCP), the nonprofit organization bringing hyperscale innovations to all, and infrastructure Masons (iMasons), a nonprofit professional association of individuals connected and empowered to build a greater digital future for all, announce a new collaboration related to sustainability initiatives centered on the iMasons Climate Accord (ICA). By aligning the OCP Community's ability to impact the data center supply chain and iMasons reach with the end user community, they will address one of the industry's greatest challenges, creating sustainable and scalable digital infrastructure capable of meeting the requirements for AI and HPC from the data center to the edge. 

Key Points: 
  • LISBON, Portugal, April 24, 2024 /PRNewswire/ -- Today, the Open Compute Project Foundation (OCP), the nonprofit organization bringing hyperscale innovations to all, and infrastructure Masons (iMasons), a nonprofit professional association of individuals connected and empowered to build a greater digital future for all, announce a new collaboration related to sustainability initiatives centered on the iMasons Climate Accord (ICA).
  • Such shifts will start with proper standardized methods for measurement, allowing OCP's data center facilities, building and equipment vendor members to adjust their products and end-users to make sustainability part of their buying decision," said George Tchaparian, CEO at the Open Compute Project Foundation.
  • Upon delivering an open framework and set of best practices and standardizations, the OCP vendor members typically move rapidly to adopt and align their products accordingly.
  • The alliance established between iMasons and OCP is a good example of how the industry needs to rally to meet the challenges of building tomorrow's AI capable data centers.

University of Maryland's Smith School of Business Launches Center for Artificial Intelligence in Business

Retrieved on: 
Tuesday, April 23, 2024
Organization, University, Executive education, Bias, Smith School, The Wall Street Journal, Information, Policy, Specialization, Professor, UMD, Thought, AIM, Adviser, Meta, Conference, Research, Artificial intelligence, Human, History, Intelligence, Data science, Smith, Privacy, Faculty, Bloomberg, Judgement, GRF, Creativity, Student, Ethics, Accounting, Algorithm, Intuition, Operation, Management

The center will work in conjunction with the university's newly announced Artificial Intelligence Interdisciplinary Institute at Maryland (AIM) .

Key Points: 
  • The center will work in conjunction with the university's newly announced Artificial Intelligence Interdisciplinary Institute at Maryland (AIM) .
  • The center positions Smith to more effectively bring that expertise to businesses, policymakers and institutes, researchers, students and the broader community."
  • With AI utilization skyrocketing across all sectors of business, the launch of the Center for Artificial Intelligence in Business will allow us to amplify the expertise of our Smith School faculty to advance the public good across industries," says Provost Jennifer King Rice.
  • "What the AI center represents is interdisciplinary research and engagement at its very best," says Wedad Elmaghraby, senior associate dean of the Smith School.

Artificial Intelligence Investment Soars to Trillions, Sparking Regulatory Interest

Retrieved on: 
Tuesday, April 23, 2024
NVDA, EBay, Aircraft, Investment, McKinsey & Company, Gemini, Safety, AI, OpenAI, News, H100, Apple Watch, Canaccord Genuity, OTC, Software, Genentech, Partnership, Meta, IPhone, Artificial intelligence, Health, AAPL, Synthetic media, Patient, Big data, Reality Labs, GPT, Media, NEO, Apple, Graphics processing unit, Algorithm, Organization, Apple Inc., Medical device

VANCOUVER, BC, April 23, 2024 /PRNewswire/ -- USA News Group – In just a few years, the potential generated by the rise of Artificial Intelligence (AI) continues to entice investment to the tune of many trillions, with McKinsey & Company projecting generative AI to generate up to $7.9 trillion alone annually. It's a sector that's still in its early stages, and with that comes plenty of scrutiny, including the recent actions by US regulators regarding whether or not investors of OpenAI were misled, through an SEC inquiry launched in February. All the while, corporate AI investment is surging, with several companies benefitting including NVIDIA Corporation (NASDAQ:NVDA) (NEO:NVDA), Meta Platforms Inc. (NASDAQ:META) (NEO:META), Apple Inc. (NASDAQ:AAPL) (NEO:AAPL), C3.ai, Inc. (NYSE:AI), and Avant Technologies Inc. (OTC:AVAI).

Key Points: 
  • Recently Avant signed a co-development agreement with Wired4Tech, Inc. to create high-density compute infrastructure and supercomputer network software to move the company closer to achieving this mission.
  • "We have made exciting progress in the past several months, and we believe this partnership will further help to accelerate speed-to-market of our next generation solutions."
  • The Wired4Tech collaboration aims to assist in the final stages of development and testing for Avant's new high-density private cloud infrastructure solution.
  • "Our partnership with Avant Technologies will help AI companies accelerate their work with infrastructure, software and services that drive efficiency and reduce costs.

Artificial Intelligence Investment Soars to Trillions, Sparking Regulatory Interest

Retrieved on: 
Tuesday, April 23, 2024
NVDA, EBay, Aircraft, Investment, McKinsey & Company, Gemini, Safety, AI, OpenAI, News, H100, Apple Watch, Canaccord Genuity, OTC, Software, Genentech, Partnership, Meta, IPhone, Artificial intelligence, Health, AAPL, Synthetic media, Patient, Big data, Reality Labs, GPT, Media, NEO, Apple, Graphics processing unit, Algorithm, Organization, Apple Inc., Medical device

VANCOUVER, BC, April 23, 2024 /PRNewswire/ -- USA News Group – In just a few years, the potential generated by the rise of Artificial Intelligence (AI) continues to entice investment to the tune of many trillions, with McKinsey & Company projecting generative AI to generate up to $7.9 trillion alone annually. It's a sector that's still in its early stages, and with that comes plenty of scrutiny, including the recent actions by US regulators regarding whether or not investors of OpenAI were misled, through an SEC inquiry launched in February. All the while, corporate AI investment is surging, with several companies benefitting including NVIDIA Corporation (NASDAQ:NVDA) (NEO:NVDA), Meta Platforms Inc. (NASDAQ:META) (NEO:META), Apple Inc. (NASDAQ:AAPL) (NEO:AAPL), C3.ai, Inc. (NYSE:AI), and Avant Technologies Inc. (OTC:AVAI).

Key Points: 
  • Recently Avant signed a co-development agreement with Wired4Tech, Inc. to create high-density compute infrastructure and supercomputer network software to move the company closer to achieving this mission.
  • "We have made exciting progress in the past several months, and we believe this partnership will further help to accelerate speed-to-market of our next generation solutions."
  • The Wired4Tech collaboration aims to assist in the final stages of development and testing for Avant's new high-density private cloud infrastructure solution.
  • "Our partnership with Avant Technologies will help AI companies accelerate their work with infrastructure, software and services that drive efficiency and reduce costs.

Teleperformance joins tech industry leaders, Thorn and All Tech is Human to support strong child safety commitments for generative AI

Retrieved on: 
Tuesday, April 23, 2024
Online, CSAM, AI, Design, Stable Diffusion, Meta, Amazon, Mistral, Microsoft, Stability, AIG, Metaphysics, Child, Generative, Medical device

Teleperformance is the only content moderation services provider to help launch the initiative, by committing to support tech clients in helping to keep children safe as they develop, deploy, and maintain generative AI technologies.

Key Points: 
  • Teleperformance is the only content moderation services provider to help launch the initiative, by committing to support tech clients in helping to keep children safe as they develop, deploy, and maintain generative AI technologies.
  • The initiative, led by Thorn, a nonprofit dedicated to defending children from sexual abuse, and All Tech is Human (ATIH), an organization dedicated to collectively tackling tech and society's complex problems, aims to mitigate the risks that generative AI poses to children.
  • Teleperformance joins companies including Amazon, Anthropic, Civitai, Google, Meta, Metaphysic, Microsoft, Mistral AI, Open AI, and Stability AI in this effort to support child safety.
  • By adopting comprehensive Safety by Design principles, these tech leaders are setting new standards for the ethical development of AI, ensuring that child safety is prioritized at every stage.

Thorn and All Tech Is Human Forge Generative AI Principles with AI Leaders to Enact Strong Child Safety Commitments

Retrieved on: 
Tuesday, April 23, 2024
CSAM, Ecosystem, ChatGPT, Risk, Integrity, AI, Design, Data science, Stable Diffusion, Meta, Research, Mistral, SVP, Microsoft, Stability, Metaphysics, LOS, Child, Generative, Medical device

LOS ANGELES, April 23, 2024 /PRNewswire/ -- Thorn, a nonprofit that builds technology to defend children from sexual abuse, and All Tech Is Human, an organization focused on growing and strengthening the responsible tech ecosystem, have partnered with some of the world's most influential technology companies to establish a foundation for child safety in the development of generative AI technologies.

Key Points: 
  • By integrating Safety by Design principles into their generative AI technologies and products, these companies are not only protecting children but also leading the charge in ethical AI innovation.
  • "That this diverse group of leading AI companies has committed to child safety principles should be a rallying cry for the rest of the tech community to prioritize child safety through Safety by Design.
  • Thorn, All Tech Is Human, and select participating companies have outlined the principles in a comprehensive paper, "Safety by Design for Generative AI: Preventing Child Sexual Abuse."
  • By working together with the broader child safety ecosystem, AI companies can put in place commonsense mitigations that prevent bad actors from perpetuating child sexual abuse through generative AI.