Meta CEO Mark Zuckerberg’s net worth is now $165 billion, making him richer than Microsoft founder Bill Gates.
Category: Technology
Tech execs are telling investors they have to spend money to make money on AI
On this week’s earnings calls, tech executives highlighted the need in AI to build infrastructure and the opportunities to make money with agents.
Amazon warns climate change could disrupt its business in annual filing
Amazon is telling investors that the climate crisis could start having a material effect on its business.
Mark Zuckerberg says Meta will ‘keep things lean,’ going big in AI with a lid on hiring
Meta CEO Mark Zuckerberg has no plans for his company to ramp up hiring, but says he’s spending heavily on computing infrastructure and the metaverse.
Tim Cook teases Apple AI announcement ‘later this year’
Generative AI started drawing significant attention from technology companies and investors starting in 2022.
Tesla to settle lawsuit over mishandling hazardous waste in California
Tesla will pay a fee of $1.5 million to settle a civil lawsuit alleging the company mishandled hazardous waste and its disposal in the state of California for years.
Meta’s Reality Labs loses record $4.65 billion ahead of Apple’s Vision Pro launch
Meta’s Reality Labs has now lost more than $40 billion dating back to late 2020.
Amazon cloud unit speeds up revenue growth as clients adopt AI services
Amazon pointed to artificial intelligence traction in the cloud during the fourth quarter. Acceleration of cloud growth should continue, too.
Alphabet shares slide on disappointing Google ad revenue
Alphabet reported earnings after the bell. Here are the results.
Elon Musk’s $56 billion Tesla compensation voided by judge, shares slide
The compensation package the Tesla board gave CEO Elon Musk set a record for publicly traded corporations, a Delaware judge noted in her ruling.