Baidu Unveils AI-Powered Smart Glasses to Compete With Meta Platforms, Inc. (META) in Expanding AI Wearable Market
Meta bows to EU regulators again: Facebook and Instagram in Europe offer ad-free versions with subscriptions discounted by up to 40%.
In addition to lowering prices, Meta will also provide less personalized advertising options in the European Union. Meta claims that these are all to meet regulatory requirements, which go beyond the scope of EU law. The media reported that the activist investment fund ValueAct has already held 1 billion US dollars worth of shares in Meta, and its CEO supports Meta's extensive investment in AI.
ValueAct, a fund, holds Meta shares worth 1 billion US dollars and will support the latter's investment in ai.
According to CNBC, the activist fund ValueAct holds a total value of 1 billion US dollars in Meta shares, in a show of support for Meta to invest more widely in artificial intelligence (AI). It is reported that ValueAct, after acquiring Meta shares, will not be aggressively activist.
Meta Platforms Is Making AI Waves. ValueAct Bets $1 Billion. -- Barrons.com
Futu Morning Post | Fed 'hawkish': interest rate cuts will only stop in December if unexpected inflation appears; Blue chips party night! Shopify soared more than 21%, sea rose more than 10%, stock prices hit a new two-and-a-half-year high.
The Federal Reserve: The one-year inflation expectation for October in the usa fell to a four-year low, Netflix rose nearly 2% to hit a record high, with 70 million monthly active users on the ad-supported subscription plan, labor market expectations are improving.
US stocks closed: 'Trump trade' cools down, with all three major indexes falling collectively. Chinese concept stocks plummeted more than 4%.
1. The shares of China concept stocks are generally falling, with the Nasdaq Golden Dragon Index in China falling by 4.45%; 2. Waymo is opening up its self-driving taxi services to all users in Los Angeles; 3. Apple is expected to launch AI-based smart home devices in March at the earliest; 4. Volkswagen will invest up to $5.8 billion in Rivian and its joint ventures.