Reality Labs

Meta Reports First Quarter 2024 Results

Retrieved on:

Mittwoch, 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.

Artificial Intelligence Investment Soars to Trillions, Sparking Regulatory Interest

Retrieved on:

Dienstag, April 23, 2024

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:

Dienstag, April 23, 2024

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.

InvestmentPitch Media Video Discusses Nextech3D.ai's Launch of the Next Era of GPT AI 3D Product Solutions of Proprietary Artificial Intelligence Algorithms

Retrieved on:

Dienstag, Februar 20, 2024

Vancouver, British Columbia--(Newsfile Corp. - February 20, 2024) - Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: 1SS), a supplier of Generative AI-Powered 3D models, is launching the next era of GPT AI 3D product solutions of proprietary Artificial Intelligence algorithms.

Key Points:

Vancouver, British Columbia--(Newsfile Corp. - February 20, 2024) - Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: 1SS), a supplier of Generative AI-Powered 3D models, is launching the next era of GPT AI 3D product solutions of proprietary Artificial Intelligence algorithms.
The company currently supplies 3D models for Amazon, P&G, Kohls, Miele and others including major e-commerce platform integrations with Shopify, BigCommerce and WooCommerce.
For more information, please view the InvestmentPitch Media video which provides additional information about this news and the company, along with video comments by Evan Gappelberg, CEO.
In addition to this, we are dedicated to sharing our extensive 3D expertise with both clients and partners alike.

Nextech3D.ai Featured in Syndicated Broadcast Highlighting Launch of Next Era of GPT AI 3D Solutions

Retrieved on:

Dienstag, Februar 20, 2024

Shopify, Nex Entertainment, BigCommerce, Reality Labs, 2D, AI, News, 3D, Growth, WooCommerce, IBN, Miele, Kohl's, Meta, GPT, Virtual reality, Amazon, P&G, Microsoft, NTAR

The audio news release covers Nextech3D.ai’s recent announcement of the launch of the next era of GPT AI 3D product solutions leveraging proprietary algorithms.

Key Points:

The audio news release covers Nextech3D.ai’s recent announcement of the launch of the next era of GPT AI 3D product solutions leveraging proprietary algorithms.
He most recently led Meta's Reality Labs product data operations, guiding the expansion of scaled operations for the division’s product portfolio.
“In addition to this, we are dedicated to sharing our extensive 3D expertise with both clients and partners alike.
Nextech3D.ai is working on annual enterprise licensing deals for its suite of GPT AI solutions for 3D models and 3D maps, which currently includes 12 distinct GPTs.

IDTechEx Reports on A Tale of Two Realities: Mapping Spatial Computing's Next Decade

Retrieved on:

Montag, November 20, 2023

Butterscotch's display system approaches retinal resolution, which is the pixel density at which most people's eyes cannot distinguish individual pixels.

Key Points:

Butterscotch's display system approaches retinal resolution, which is the pixel density at which most people's eyes cannot distinguish individual pixels.
This reduces the perception that the user is looking at screens, eliminating the "screen door effect" of the visible pixel grid.
A production-ready system would need a higher field of view, but this requires incredibly high-resolution screens and massive computing demands.
All reports feature multiple interview-based company profiles from key industry players in addition to SWOT analysis, readiness level assessments, and much more.

IDTechEx Reports on A Tale of Two Realities: Mapping Spatial Computing's Next Decade

Retrieved on:

Montag, November 20, 2023

Butterscotch's display system approaches retinal resolution, which is the pixel density at which most people's eyes cannot distinguish individual pixels.

Key Points:

Butterscotch's display system approaches retinal resolution, which is the pixel density at which most people's eyes cannot distinguish individual pixels.
This reduces the perception that the user is looking at screens, eliminating the "screen door effect" of the visible pixel grid.
A production-ready system would need a higher field of view, but this requires incredibly high-resolution screens and massive computing demands.
All reports feature multiple interview-based company profiles from key industry players in addition to SWOT analysis, readiness level assessments, and much more.

App Defense Alliance Migrates Under Joint Development Foundation with Google, Meta, and Microsoft as the Steering Committee

Retrieved on:

Mittwoch, November 8, 2023

Engineering, Meta, Linux Foundation, Microsoft, Organization, Android, Linux, Trust, Reality Labs, Ecosystem, SAN, Privacy, Google Play, Safety, Overalls, JDF, Mobile phone, Online shopping

SAN FRANCISCO, Nov. 8, 2023 /PRNewswire/ -- Google, Microsoft, and Meta announced they are formally partnering as the founding steering committee to improve app security through a newly restructured App Defense Alliance, under the Joint Development Foundation, part of the Linux Foundation family. The steering committee plans to expand the scope of the Alliance to foster collaborative implementation of industry standards for app security.

Key Points:

SAN FRANCISCO, Nov. 8, 2023 /PRNewswire/ -- Google, Microsoft, and Meta announced they are formally partnering as the founding steering committee to improve app security through a newly restructured App Defense Alliance , under the Joint Development Foundation, part of the Linux Foundation family.
The steering committee plans to expand the scope of the Alliance to foster collaborative implementation of industry standards for app security.
"The App Defense Alliance's move to the Joint Development Foundation reflects our dedication to open collaboration and innovation in the realm of app security," said Jim Zemlin, Executive Director at the Linux Foundation.
The App Defense Alliance is committed to driving open collaboration and innovation in app security and invites interested organizations to explore membership.

CGS Receives Silver MUSE Creative Award 2023 for Pioneering XR and Generative AI Training Solution with Scoot Airlines and META

Retrieved on:

Donnerstag, November 2, 2023

Meta, Extended reality, Generative, Communication, Artificial intelligence, ROI, Scoot, Reality Labs, Partnership, XR, CGS, Safety, AI, Singapore Airlines, Tourism, Airline

The award recognizes CGS's outstanding achievement in the category of "experiential and immersive solutions" for its groundbreaking work with Singaporean carrier Scoot Airlines and partner Meta on the project titled "How XR and Generative AI Shapes Scoot Airline's Training."

Key Points:

The award recognizes CGS's outstanding achievement in the category of "experiential and immersive solutions" for its groundbreaking work with Singaporean carrier Scoot Airlines and partner Meta on the project titled "How XR and Generative AI Shapes Scoot Airline's Training."
With over 6,500 entries from around the world, the MUSE Creative Awards celebrate excellence in creative and design endeavors that push the boundaries of innovation.
“Our work with Scoot, leveraging the Meta Quest 2 headset, is truly groundbreaking,” said Doug Stephen, President of CGS Enterprise Learning and CGS Immersive.
The "How XR and Generative AI Shapes Scoot Airline's Training" project demonstrated the potential of XR and generative AI to provide realistic, hands-on training experiences for flight attendants.

Meta Reports Third Quarter 2023 Results

Retrieved on:

Mittwoch, Oktober 25, 2023

Public expenditure, Depreciation, The Nader Report on the Federal Trade Commission, Foa, Federal Trade Commission, Growth, AI, Workforce, Reality Labs, Investment, Ecosystem, Meta, RL, Video game, EU

We expect fourth quarter 2023 total revenue to be in the range of $36.5-40 billion.

Key Points:

We expect fourth quarter 2023 total revenue to be in the range of $36.5-40 billion.
We anticipate that our full-year 2023 total expenses will be in the range of $87-89 billion, lowered from our prior range of $88-91 billion.
Absent any changes to U.S. tax law, we expect our fourth quarter 2023 and full-year 2024 tax rates to be similar to the third quarter of 2023.
Meta will host a conference call to discuss the results at 2 p.m. PT / 5 p.m.