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Thu. 04/25 – Zuck Is Disappointing Wall Street Again

Apr 25, 2024
Meta's recent earnings reveal solid revenue, but worries grow over Zuck's spending habits. The tech world buzzes with the emergence of sub-2nm chips on the horizon, promising advanced performance. An AI coding startup strikes gold again with a hefty funding boost, highlighting the competitive edge in tech innovation. Meanwhile, Google Meet adds a nifty feature that lets users switch calls seamlessly between devices. And, the Rabbit R1, a quirky AI gadget, gets mixed reviews, proving to be more fun than many expected.
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INSIGHT

Meta's AI Spending Concerns Wall Street

  • Meta's Q1 earnings were positive, but Wall Street is worried about increased spending on AI.
  • Zuckerberg believes AI investments will yield long-term returns, similar to past investments in stories and reels.
INSIGHT

TSMC's 1.6nm Chip Production

  • TSMC plans to produce 1.6nm chips by 2026 using backside power rails for improved energy efficiency.
  • This advancement in chip manufacturing surpasses Intel and Samsung's projected timelines for similar technology.
ANECDOTE

Cognition's Rapid Funding Rounds

  • Founders Fund invested $175 million in Cognition, valuing the AI coding startup at $2 billion, just one month after a previous investment.
  • This follows the launch of Cognition's AI coding assistant, Devin, which faced controversy over inconsistencies in its demonstrations.
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