Facebook announced on Tuesday that all videos on its platform will soon be shared as reels, regardless of their length or orientation. Up until now, users have been able to share both video posts and reels. The company is also renaming the “Video” tab on its platform to the “Reels” tab. The update won’t change what videos are recommended to you, Facebook says.In the coming months, users won’t have to choose between uploading a video or reel, as it will automatically be shared as a reel. In addition, reels o ...

Key Takeaways META is adding ads in WhatsApp Status and launching promoted channels to drive ad revenues. The company's AI-driven tools improved ad conversions and increased user time across key platforms. WhatsApp Business and Meta Verified helped drive 34% YoY growth in Family of Apps' other revenues.Meta Platforms (META) is adding channel subscriptions, promoted channels and ads in Status in the WhatsApp updates tab, which is now used by 1.5 billion people globally. META plans to maintain user privacy ...

I'm a full time value investor and writer who enjoys using classical value ratios to pick my portfolio. My previous working background is in private credit and CRE mezzanine financing for a family office. I'm also a fluent Mandarin speaker in both business and court settings, previously serving as a court interpreter. I have spent a good chunk of my adult working life in China and Asia. I have worked with top CRE developers in the past including The Witkoff Group , Kushner Companies, Durst Organization and ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

It took 11 years since Facebook acquired it for $19 billion, but Meta is finally bringing ads to WhatsApp, marking a major change for an app whose founders shunned advertising.Meta announced Monday that businesses will now be able to run so-called status ads on WhatsApp that prompt users to interact with the advertisers via the app's messaging features. The ads will only be shown to users within WhatsApp's "Updates" tab to separate the promotions from people's personal conversations. Additionally, Meta will ...

Core Viewpoint - Nvidia has been a leading choice for investors in the AI market, with its stock increasing by 1,500% over the past five years due to consistent record revenue growth, indicating strong market dominance and innovation [1] Group 1: Investor Actions - Some billionaires, including Stanley Druckenmiller, David Tepper, and Philippe Laffont, have sold portions of their Nvidia shares to focus on other AI opportunities [2] - Tepper sold 55% of his Nvidia stock, reducing his holdings to 300,000 shares, while increasing his Meta position by 12% to 550,000 shares [6] - Laffont cut his Nvidia position by 14% to 8,545,835 shares and raised his Meta position by 1.9% to 3,757,611 shares, making Meta the largest position in his portfolio [7] Group 2: Meta Platforms' AI Strategy - Meta Platforms is emerging as a favored investment among billionaires, with significant growth in its stock, climbing nearly 300% over the past three years [3][5] - Meta is enhancing its AI capabilities through its large language model, Llama, which aims to drive innovations and maintain its leadership in social media, thereby boosting revenue [8] - The company generates most of its revenue from advertising across its social media platforms and is leveraging AI tools to increase user engagement, encouraging advertisers to invest more [9] Group 3: Financial Outlook and Valuation - Meta is expected to spend up to $72 billion in capital this year to support its AI initiatives, indicating a strong commitment to growth [10] - The stock trades at 27 times forward earnings estimates, which is considered reasonable for a growth stock, especially given its established revenue stream and dividend payments [11] - In the context of the AI boom, investors may consider rotating from Nvidia to Meta, as Meta's AI investments position it well for future gains, with its stock trading at a slightly lower valuation than Nvidia, which trades at 33 times forward earnings estimates [12]

Core Insights - Meta has entered into a deal to acquire 49% of AI startup Scale, valuing the company at over $29 billion, which is an unusual move in the industry [1] - The deal allows Scale to distribute proceeds to shareholders and employees, providing them with substantial liquidity while maintaining their shareholder status [1] Company Details - Scale's founder and CEO, Alexandr Wang, who dropped out of MIT at age 19, will be hired by Meta as part of the acquisition [2] - The payout structure indicates that investors, such as Accel, will receive dividends rather than selling shares, with Accel expected to receive $2.5 billion [2] - Scale was previously valued at $14 billion after raising $1 billion in a Series F funding round a year ago, making the current payout significant [2]

Core Insights - Meta has launched its AI app, which is now in direct competition with OpenAI's ChatGPT, but it has faced negative publicity and privacy concerns due to the nature of user prompts being shared publicly [2][7] User Privacy Concerns - The Meta AI app defaults to making user prompts public, leading to privacy issues as seen in examples of bizarre and personal prompts shared [3][4] - Users can adjust their privacy settings to prevent their prompts from being shared publicly by following specific steps in the app [5][6] Investment and Strategy - Meta has significantly increased its investment in AI, recently committing $14 billion to startup Scale AI, and has appointed its CEO, Alexandr Wang, to lead the company's AI strategy [7]

Core Insights - Meta has made a significant investment of over $10 billion in Scale AI, valuing the startup at more than $29 billion, and has acquired its CEO, Alexandr Wang, to enhance its artificial intelligence initiatives [3][4]. - The partnership aims to deepen collaboration in producing data for AI models, with Wang joining Meta to work on superintelligence efforts [4][5]. - Scale AI, founded in 2016, has grown to over 1,500 employees and focuses on leveraging AI for businesses, governments, and labs [5][6]. Investment Details - Meta's investment is part of a strategic partnership to enhance AI capabilities amid competition with companies like OpenAI, Google, and Microsoft [4]. - The investment will allow Scale AI to accelerate innovation, strengthen partnerships, and distribute proceeds to equity holders [9]. - After the investment deal closes, Meta will hold a minority stake in Scale AI, although the exact percentage has not been disclosed [9]. Leadership Changes - Alexandr Wang will transition to Meta while remaining on Scale AI's board of directors, and other employees, referred to as "Scaliens," will also join him [6]. - Jason Droege, a tech industry veteran and co-founder of Uber Eats, will take over as the new CEO of Scale AI [9]. AI Capabilities - Scale AI has developed an AI model called "Defense Llama," based on Meta's Llama 3 model, tailored for U.S. national security missions [7][8]. - The model is designed to assist in military and intelligence operations by assessing scenarios and answering tactical questions [8]. - Scale AI is committed to ongoing collaboration with the defense community to ensure the effectiveness of its AI solutions [8].

Investment Overview - Scale AI has received a significant investment from Meta, valuing the startup at $29 billion [1] - Meta invested approximately $14.3 billion for a 49% stake in Scale AI, which specializes in data production and labeling for training large language models [2] - Meta confirmed the strategic partnership and investment, stating that Alexandr Wang will join Meta to assist with AI initiatives [3] Leadership Changes - Alexandr Wang, co-founder and CEO of Scale AI, is stepping down to join Meta, while Jason Droege, the current chief strategy officer, will serve as interim CEO [4] - Wang will remain involved with Scale AI as a director on its board [4] Strategic Implications - Meta's investment aims to enhance its AI capabilities amid competition from companies like Google, OpenAI, and Anthropic [5] - Scale AI has been a key player for leading AI labs, providing essential data for model training [6] - The company raised $1 billion last year at a valuation of $13.8 billion, indicating strong investor interest [6]