EP-76 Nvidia’s Sizzling Surge 🚀, Meta’s Heavy Losses 📉, Irl Fraud Scandal 💣

AI Briefing Room

welcome to wall-e's tech briefing for thursday, august 1! dive into today's top tech stories:

• nvidia shares surge: investors show renewed confidence as microsoft and amd express plans to ramp up spending on nvidia-based infrastructure, boosting nvidia’s stock by 13%.
• meta’s reality labs losses: despite posting a $4.5 billion loss in q2, meta continues to bet on the metaverse, with hardware sales from quest vr headsets showing some growth.
• irl founder charged with fraud: abraham shafi, former ceo of social app irl, faces sec charges for deceiving investors about user numbers; investigation reveals 95% of users were bots.
• dating app vulnerabilities: ku leuven researchers find flaws in bumble and hinge that allowed stalkers to track users' locations; apps have since implemented fixes.
• samsung’s robust q2 earnings: substantial demand for ai training memory chips drives operating profit up by 1,458% year-on-year, exceeding analyst expectations.

stay tuned for tomorrow's tech updates!