Facebook Inc (NASDAQ:FB) CEO Mark Zuckerberg has been overseeing a transformation of the social-networking company that he created. As more than 60 percent of the network’s population of 1 billion users moving to mobile platforms, the need to make Facebook available and efficient for those on the move has been a priority for Zuck and his company over the last few months, which has helped the company’s stock rebound from its low point last fall to getting back to within talking distance of the IPO price.
And speaking of talking, Facebook is taking a new step toward being on the lips of users, not just fingers.
Facebook Inc (NASDAQ:FB) is Ready for Its First Words
Facebook Inc (NASDAQ:FB) has been pretty aggressive in its history of mergers and acquisitions of companies that increase the interactivity of users and collaboration. The latest trend, especially in mobile, is moving toward voice-activated commands. Facebook, to complement what it does with its social network, decided to go out and sign a deal to acquire a voice-recognition app maker called Mobile Technologies LLC of Pittsburgh, Pa., according to a story from Deborah Todd of the Pittsburgh Post-Gazette.
Mobile Technologies was a startup opened in 2001 by Alex Waibel, a computer-science professor at nearby Carnegie Mellon University, provides for cross-language chats and translation services that enable collaboration across a variety of languages; it was originally designed for educational settings, but is now expected to be expanded by Facebook. This is one of those trendy “acqhires,” where Facebook Inc (NASDAQ:FB) buys up the company and the technology and ends up absorbing the company’s workers into Facebook’s payroll. As is usually the case with other such transactions, the employees of Mobile Technologies will be moving from Pittsburgh to the Facebook headquarters in Menlo Park, Calif.
Teaching Teachers How to Teach Social
Facebook Inc (NASDAQ:FB), while not encouraging it, has become a popular platform for pedophiles to locate and contact young children. Also, though the network has a rule not allowing kids younger than 13 to have profiles, there is reportedly a decent percentage of Facebook profiles were of users younger than 13. Those seem to be a calculus that can make the social network dangerous for students in schools, and that has led some school districts to filer out Facebook and other social networks along with other questionable sites to protect children.
Undaunted, Matt Warman of the U.K. Telegraph reported, Zuckerberg has now introduced a guide for educators that is apparently designed to help teach them ways to use social networking in the classroom for students – which then would encourage Facebook Inc (NASDAQ:FB) to lower its age policy to younger than 13 and encourage more users.
The highlights of the guide, Warman wrote, are that Facebook presents ideas for teachers and classes to use the Timeline as an educational tool, establish classroom Groups (which would be closed to anyone not in the class), and put exams and other school events on the Events or Calendar tools, and more. “Facebook can be used as a way to inspire pupils about a subject by using a tool they like and are familiar with already – set up groups for particular subject topics such as history or science to bring to life your subject material,” Facebook quoted on its website.
Do you need a guide about how to invest in Facebook Inc (NASDAQ:FB)? Where do you think it is going from here? Is this a buy and hold opportunity, or are you selling? Does it help you to know that fund manager Leon Cooperman was invested to the tune of nearly $94 million at the end of March? Does it matter to you that fund manager Matthew Hulsizer raised his stake in Facebook stock by 4,100 percent during the March quarter to $12 million?
Let us know your thoughts in the comments section below, and take a look at the following video regarding how to get off Facebook permanently, if you are socially weary.
When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.
Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.
At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.
Do the math. According to Musk, this technology could be worth $250 trillion by 2040.
Put another way, that’s roughly equal to:
175 Teslas
107 Amazons
140 Metas
84 Googles
65 Microsofts
And 55 Nvidias
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Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.
Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.
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Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…
But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.
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