Facebook Earnings Crush, But Can It Sustain Momentum?
Emily Bary, reporter for MarketWatch, gives us her thoughts on Facebook's latest earnings report that saw earnings per share beat, but daily users on the platform drop because of a shift away from viral videos.
We talk about whether advertisers will stick around as the platform turns its focus to friends and family posts and away from publishers. Bary also weighs in on Amazon's upcoming release of its quarterly earnings. How much will the Whole Foods acquisition and holiday sales affect revenue? Overall, analyst expectations are positive.
Chipmaker Nvidia is poised to release a quarterly report that could provide a better sense of whether the stock market has been riding an overhyped artificial intelligence bubble or is being propelled by a technological boom that’s still gathering momentum.
A group of book authors has reached a settlement with AI company Anthropic after suing for copyright infringement. A federal appeals court filing Tuesday said both sides have negotiated a proposed class settlement, with terms to be finalized next week. Anthropic declined to comment. A lawyer for the authors called it a "historic settlement." In June, a federal judge ruled that Anthropic didn't break the law by training its chatbot on copyrighted books. However, the company was still facing trial over acquiring those books from online "shadow libraries" of pirated copies.
Elon Musk on Monday targeted Apple and OpenAI in an antitrust lawsuit alleging that the iPhone maker and the ChatGPT maker are teaming up to thwart competition in artificial intelligence.
