Saturday, June 17, 2023

Meta scrambles to refocus its resources on usable AI products after a decade-long focus on research in its AI division disincentivized work on generative AI (Wall Street Journal)

Wall Street Journal:
Meta scrambles to refocus its resources on usable AI products after a decade-long focus on research in its AI division disincentivized work on generative AI  —  The CEO considers artificial intelligence critical to long-term growth and is taking more control over efforts.



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Chinese video game giant NetEase reports Q4 revenue up 3% YoY to ~$4B and net profit down 29% to ~$903M, below ~$1.2B est., as it pushes self-developed games (Sherry Qin/Wall Street Journal)

Sherry Qin / Wall Street Journal : Chinese video game giant NetEase reports Q4 revenue up 3% YoY to ~$4B and net profit down 29% to ~$903...