Latest news with #Facebook-parent
Time of India
13 hours ago
- Time of India
Meta to reportedly revive smartwatch plans with built-in camera
Facebook-parent Meta is reportedly reviving a project it shelved in 2022. As reported by DigiTimes, Meta has once again started working on its ambitious smartwatch project. The report adds that the company's smartwatch may feature at one built-in camera, continuing Meta's unconventional approach to wrist-based tech. Unlike traditional smartwatches that prioritize health tracking and notifications, Meta's device is designed to complement its smart glasses and Quest VR headsets, offering users a way to capture and interact with the world around them. The camera-centric design suggests a focus on augmented reality (AR) and AI-powered experiences, rather than fitness or productivity. As per the report, the upcoming Meta smartwatch is rumoured to feature a 12MP camera which will be placed underside for off-wrist photography. Along with this, the wearable is also said to house a 5MP front shooter wrist-based video calls. While Meta hasn't confirmed specs, the new version is expected to retain similar functionality, possibly enhanced by the company's recent advances in large language models and AI wearables. The device is reportedly part of Meta's broader strategy to enhance the metaverse experience, integrating real-world visuals with virtual environments. Insiders suggest the smartwatch may be unveiled at Meta Connect, the company's annual developer conference, scheduled for September 17, 2025.
Miami Herald
2 days ago
- Business
- Miami Herald
Fed decision, jobs report will step out into spotlight
It's rare that folks think about a week of economic reports as potentially dramatic. This week, however, has the potential to be very dramatic. There's just so much data and, yes, politics, about to be loosed on markets, on businesses and around the world. Don't miss the move: Subscribe to TheStreet's free daily newsletter There's the July unemployment report, due Friday. The widely studied and analyzed PCE inflation report inflation report, due Thursday. There's the first round of estimates of second-quarter gross domestic product, the report card on how the economy is faring. Related: It's a lollapalooza week ahead for markets Parallel to the economic data are some 843 earnings reports due this coming week from the likes of Microsoft (MSFT) , Facebook-parent Meta Platforms (META) , Apple (AAPL) and (AMZN) . It all comes in the context of continued negotiations on trade deals with tariff rates coming in at lower rates than President Trump suggested in April. Trump said Sunday the European Union has agreed to a deal that envisions tariffs on European goods at 15%. The United States is still negotiating on tariffs with China, Canada and others. So far, stock investors are happy to get a settlement. Stock index futures were signaling stocks will open higher on Monday. Gains would come after the Standard & Poor's 500, Nasdaq Composite and Nasdaq-100 indexes all hit record highs last week. And, of course, there's the Federal Reserve meeting on Tuesday and Wednesday. Will the central bank cut its key federal funds rate, not at 4.25% to 4.5%? Donald Trump wants a rate cut badly now. Treasury Scott Bessent says he wants it. Howard Lutnick, the Commerce Secretary, says he wants it. Two Fed governors, Christopher Waller and Michelle Bowman, are for it. But the other 10 voting members of the Federal Open Market Committee, including Fed Chairman Jerome Powell, have said they're content to wait, probably until the Fed's Sept. 16-17 meeting. Related: Intel CEO outlines 'hard but necessary decisions'; Trader Guilfoyle: CEO Tan 'Has a Chance' Powell attracts most of President Trump's ire; he's threatened to fire Powell, whose term expires next May. (Whether he legally can fire Powell is not clear.) Powell remains worried the president's big beautiful tax bill and his tariffs will affect inflation. Powell is not opposed to cutting later and, in fact, the futures markets think the Fed will decide to wait until September. A second rate cut will come in October or December. Overnight trading in the 10-year Treasury note shows the yield rising to 4.41% from Friday's 4.392%. Related: Mexican restaurants, chains hit hard by Chapter 11 bankruptcy There are estimates showing jobs growth falling to around 110,00 from 147,000 in June with the unemployment rate holding at 4.1% or so. But this bit of data has become quite volatile and a bit suspect because it's getting harder to obtain reliable data from phone and online surveys. Bloomberg/Getty Images Another indicator should come Thursday when outplacement firm Challenger, Gray & Christmas should release its monthly tally of reported layoffs and job cuts. One more jobs indicator: the weekly report on initial jobless claims, due Thursday. The most recent report showed 217,000 layoffs, down 4,000 from a week earlier. More Tech Stocks: Analyst who correctly predicted Rocket Lab stock surge resets forecastVerizon Q2 earnings report surprises with remarks on tax reformFund manager who forecast Nvidia stock rally reboots outlook The Personal Consumption Expenditures Index measures what is happening to prices for services and products consumers actually buy. It was 2.3% year-over-year in June and may be up slightly in July. Related: Chapter 11 bankruptcy forces popular animal attractions to close Two reports will look at this question: the S&P Case-Shiller report that looks at home prices on Tuesday and the National Association of Realtors Pending Home Sales Index on Wednesday. The Case-Shiller report has suggested home prices are moderating. The pending sales report was up slightly in June but is down around 40% from levels last seen in 2022. Part of the downturn is due to: Higher interest home little construction of homes aimed at first-time home buyers. The Conference Board releases its Consumer Confidence Index report for July at 10 a.m. Tuesday. The University of Michigan releases its Consumer Sentiment Index at 10 a.m. Friday. Both look at how consumers are looking at inflation, the economy and other factors. The June reports showed increasing confidence, a reflection of better conditions in financial markets and the economy. Related: Veteran fund manager points to glaring stock market risk The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Yahoo
6 days ago
- Business
- Yahoo
Microsoft expands AI team with key Google DeepMind hires
Microsoft has reportedly hired more than 20 employees from Google's DeepMind AI research lab, as the competition among tech giants to recruit AI specialists escalates. Among the new hires, Amar Subramanya, who previously led engineering for Google's Gemini chatbot, announced his move to Microsoft via a LinkedIn post. He joined Microsoft AI as corporate vice-president. According to a Financial Times (FT) report, Subramanya is now part of a group of former DeepMind professionals at Microsoft, which includes engineering lead Sonal Gupta, software engineer Adam Sadovsky, and product manager Tim Frank. Microsoft has attracted at least 24 DeepMind staff members over the past six months, the publication added. Microsoft's AI team is currently focusing on projects such as the Copilot assistant and the Bing search engine. This wave of hiring reflects a broader industry trend where tech companies are actively seeking top AI researchers and engineers from competitors, contributing to an increase in salaries within the sector. The recruitment activities between Microsoft and Google are particularly intense, partly due to Mustafa Suleyman, co-founder of DeepMind, now overseeing Microsoft's consumer AI strategy. Suleyman previously brought in Dominic King and Christopher Kelly from DeepMind to lead a new AI health unit at Microsoft, which has developed a system reported to outperform human doctors in diagnosing complex medical conditions. The departure of Subramanya from Google coincided with that of Mat Velloso, another DeepMind alumnus who has since joined Meta. Velloso is associated with Facebook-parent's new initiative, Meta Superintelligence Labs (MSL), which aims to develop artificial general intelligence. Meta has invested $15bn in data-labelling start-up Scale AI and appointed its co-founder Alexandr Wang to lead this initiative. Recently, Meta also recruited Ruoming Pang, a former top AI executive from Apple. Despite these departures, a source close to DeepMind told FT that the company's attrition rates remain below the industry average. Furthermore, DeepMind has managed to recruit a comparable number of researchers from Microsoft. "Microsoft expands AI team with key Google DeepMind hires" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
21-07-2025
- Business
- Time of India
Lawmakers want US tech CEOs to address concerns about submarine cables
Three Republican House lawmakers on Monday asked the CEOs of Alphabet, Facebook-parent Meta, and Microsoft if the tech firms have adopted adequate safeguards to address growing concerns about China and Russia on submarine communications has been raising alarm about the network of more than 400 subsea cables that handle 99% of international internet traffic . The letter signed by Representative John Moolenaar, who chairs a House panel on China and two other Republicans, raised concerns that entities affiliated with China "such as SBSS, Huawei Marine, China Telecom, and China Unicom, have continued to provide maintenance or servicing to cable systems in which your companies maintain direct or indirect operational involvement or ownership."
Time of India
21-07-2025
- Business
- Time of India
Elon Musk's 'one-word take on Nvidia becoming 'More Valuable than Every other Company in the World'
Nvidia recently became the first company with a market value of $4 trillion. The company soared past Apple and Microsoft to become the most valuable company in the world. This unprecedented growth of Nvidia has now received a reaction from Tesla CEO Elon Musk. The meteoric rise in the market value of Nvidia can be attributed to the increasing demand for its GPUs, which power everything from OpenAI's ChatGPT to Musk's own xAI supercomputer, Colossus. The one-word post shared by Elon Musk on his X account, came shortly after Nvidia's market capitalisation hit the mark of $4 trillion. Tesla CEO Elon Musk's reaction to Nvidia becoming the most-valuable company Nvidia's has become the first public company to touch the 'magic' $4 trillion market value. The company's stock market valuation officially closed above $4 trillion for the first time on July 10 after shares of the AI chipmaker ended the trading session up 0.75% at $164.10, pushing its market capitalisation to $4.004 trillion. Tesla CEO Elon Musk reacted to Nvidia's growth by sharing a one-word post on X which reads, 'Wow'. A reaction from Musk further underscores Nvidia's dominance in the AI hardware space. Nvidia's chips are central to the infrastructure of major tech firms including Microsoft, Google, Amazon, and Meta. Musk's xAI reportedly uses over 200,000 Nvidia GPUs , with plans to scale up to 1 million units. Nvidia races past Microsoft and Apple, thanks to AI chip demand Nvidia first reached a $1 trillion market value in June 2023 and has since tripled that valuation in roughly one year. Nvidia's rapid growth has outpaced both Apple and Microsoft. Nvidia's high-end AI processors are at the forefront of an intense race among tech heavyweights including Microsoft, Amazon, Google-parent company Alphabet, and Facebook-parent Meta Platforms. All these company are investing in building AI datacenter while will further strengthen their position in the market. Despite its rapid ascent, Nvidia faces potential headwinds. The company is particularly exposed to ongoing trade tensions between Washington and Beijing, which include restrictions on exports of its most powerful chips to China, the report said. AI Masterclass for Students. Upskill Young Ones Today!– Join Now
