Authored on

Authored by
The Verge

Body
An image of the Meta logo.
Illustration by Alex Castro / The Verge

The generative AI gold rush is underway — just don’t expect it to create profits anytime soon.

That was the message from Meta CEO Mark Zuckerberg to investors during Wednesday’s call for the company’s first-quarter earnings report. Having just put its ChatGPT competitor in a bunch of places across Instagram, Facebook, and WhatsApp



Authored on

Authored by
Tech Insider

Body
Mark Zuckerberg with man wearing headset
Mark Zuckerberg threw shade at the Apple Vision Pro again.
  • Mark Zuckerberg appeared to take a jab at Apple's Vision Pro during Meta's Q1 earnings call.
  • The CEO said he sees a mainstream market for AI glasses without a display.
  • Meta's smart glasses, developed with Ray-Ban, feature AI, a camera, and built-in speakers.

Meta CEO Mark Zuckerberg seemed to take a hit at Apple's



Authored on

Authored by
Tech Insider

Body
Pedestrians walk by a Chipotle restaurant on April 26, 2022 in San Francisco, California.
Chipotle says California's new fast food minimum wage laws drove a 20% increase in wages for its restaurant staff in the state.
  • The effects of California's $20 minimum wage for fast food workers are starting to show.
  • Chipotle said the law raised wages at its restaurants by roughly 20%.
  • This translated to a 7% menu price increase at Chipotle locations in California. 

Califor



Authored on

Authored by
Tech Insider

Body
Meta CEO Mark Zuckerberg at Senate Judiciary Committee hearing
  • Meta reported first-quarter earnings on Wednesday.
  • Mark Zuckerberg talked about Meta's plans to invest more in AI.
  • Shares tumbled 17% in after-hours trading.

Meta reported first-quarter earnings on Wednesday after the closing bell.

The company reported revenue and earnings-per-share that beat consensus analyst estimates. But shares slid after Meta gave a range for



Authored on

Authored by
Gizmodo

Body

Steam’s refund policy for games is simple: You have two hours to play the game after you buy it to decide if you want to keep it. Like all good things, some folks decided to take advantage of a loophole, and now Valve has changed its policy to close it.

Read more...



Authored on

Authored by
Engadget

Body

Meta’s Threads app now has more than 150 million monthly users, an increase of about 20 million new users since February. Mark Zuckerberg shared the latest user numbers during Meta’’s first-quarter earnings call, saying that the app “continues to be on the trajectory that I hope to see.”

The update suggests Threads is continuing to grow steadily, though at a slower rate than its initial explosive



Authored on

Authored by
Tech Insider

Body
Meta CEO Mark Zuckerberg at Senate Judiciary Committee hearing
Meta's Q1 earnings report reveals it underestimated the cost of AI.
  • Meta's Q1 earnings report reveals it was off by at least $5 billion in capital expenditures.
  • The report said costs are expected to increase as the company invests "aggressively" in AI.
  • Meta also cited higher infrastructure and legal costs as the factors behind the increase. 

Meta's first-quarter



Authored on

Authored by
The Verge

Body
An image showing the Threads logo
Image: The Verge

Threads is testing the option to automatically hide your old posts. Instagram head Adam Mosseri says the feature is only available to a “small number” of users for now, but it will let you choose to archive individual posts manually or have them automatically archived after a certain amount of time.

You can see an example of how the feature might look in