Stock summary: Meta had overall surge of 9.97% as the tech-giant revealed its Q4 earnings this week
Meta Platforms Inc closed at 689.18 USD, recording a significant gain of 62.50 points (9.97%) over the past five days.
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Stock market today: NVIDIA declined by 1.87% while Tesla surged by 1.29% in early trading
NVIDIA Corporation (NVDA) traded at 143.93 USD, down −1.87%, with a market cap of 3.52 T USD.
U.S. Stock market: Tesla(+3.22%), NVIDIA(+1.52%), Meta(+3.27%) among the highest volume stocks during mid day trading
Tesla, Inc. (TSLA) continued its upward trajectory, gaining 3.22% to reach a price of 297.82 USD
Facebook enhances ‘local’ features in effort to reconnect with young adults
The changes include a new “local” section in the Facebook app that surfaces information relevant to users' communities, an increased emphasis on event recommendations, and a “Communities” feature for Messenger. Meta aims to create a more engaging experience for young adults.
Meta platforms launches AI video tool ‘Meta Movie Gen’ for creators
The launch of "Meta Movie Gen" introduces an AI-driven video creation tool that enables users to generate videos from text prompts and personal images. This innovative model offers editing capabilities and audio generation, marking a significant advancement in the realm of generative AI.
Meta Orion sets the stage for AR future, but Apple Glasses still years away
While Meta has made strides with its Orion AR glasses, Apple remains in the early stages of developing its own AR glasses. Apple's focus on ensuring that the design closely resembles regular eyewear is delaying the launch, but experts believe the company is working toward an eventual product that could even replace the iPhone.
Meta connect 2024 to showcase Quest 3S, AI innovations, and new AR glasses
Meta is set to unveil the Orion AR glasses and Quest 3S at its upcoming Meta Connect 2024. The event will also showcase enhanced AI capabilities, particularly leveraging the Llama 3.1 large language model to improve existing features on devices.
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