Meta reported third-quarter revenue of $40.59 billion, beating analyst estimates of $40.29 billion. The company reported third-quarter adjusted earnings of $6.03 per share, beating analyst estimates of $5.25 per share. Meta’s remarkable AI-powered transformation continues to impress Wall Street as the social media giant delivered another knockout quarter. The company behind Facebook, Instagram, and WhatsApp showed strong…
The technology sector continues to experience significant workforce reductions, with Layoffs.fyi reporting over 165,000 layoffs in 2022 and 264,000 in 2023. So far in 2024, more than 132,900 employees from 410 tech companies have been let go, as tracked by the same site. According to an additional analysis by IT jobs portal Trueup.io and estimates…
Genmo Unveils Mochi 1: A New Chapter in AI Video Generation AI company Genmo has just released a groundbreaking open-source model, Mochi 1, aimed at transforming video generation through AI. Available under the Apache 2.0 license, Mochi 1 allows users to generate high-quality videos directly from text prompts, rivaling industry giants like Runway’s Gen-3 Alpha…