Meta shares dropped 2.1% to close at $220.18 on Tuesday. The company is now worth less than chipmaker Nvidia, which closed at $627 billion. Meta's market cap dropped to $599 billion on Tuesday, while Nvidia's closed at $627billion.
Since the emergence of ChatGPT in 2022, competition in the field of artificial intelligence has been intensifying. Apple is no exception, and in recent months, there have been numerous reports that the company is actively investing in developing its own AI technology.
Tesla CEO Elon Musk spoke at Berkshire Hathaway's (BRKB) annual shareholder meeting over the weekend. After “The Oracle of Omaha” Warren Buffett spoke about Tesla's development of self-driving cars (FSD), he suggested that Buffett invest in the electric car giant. The comments sent Tesla's stock higher on Saturday (local time).
Google officially announced today that it has rolled out an update to Site Reputation Abuse. The update removed a number of web pages that could be perceived as hosting third-party content to boost a website's search rankings.
Microsoft is developing its own large-scale artificial intelligence model to compete with Google and OpenAI, according to U.S. business publication The Information.
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