Latest news with #PalmerLuckey
Yahoo
20 hours ago
- Business
- Yahoo
Week in Review: Perplexity Labs wants to do your work
Welcome back to Week in Review! We've got a ton of stories for you this week, including a new AI-powered browser from Arc; not one but TWO hacks; Gemini email summaries; and much more. Have a great weekend! Look out, Google: AI-powered search engine Perplexity released Perplexity Labs, which gives Pro subscribers a tool that can craft reports, spreadsheets, dashboards, and more. Perplexity Labs can conduct research and analysis using tools like web search, code execution, and chart and image creation to craft reports and visualizations. All in around 10 minutes. We haven't had a chance to test it, and knowing the shortcomings of AI, I'm sure not everything will come out flawlessly. But it certainly sounds pretty awesome. Luckey's luck: The feud between Oculus founder Palmer Luckey and Mark Zuckerberg appears to be over: The pair announced a collaboration between Facebook and Luckey's company Anduril to build extended reality (XR) devices for the U.S. military. The product family they're building is called EagleEye, which will be an ecosystem of devices. Not awesome: We don't definitively know whether AI is beginning to take over roles previously done by humans. But a recent World Economic Forum survey found that 40% of employers plan to cut staff where AI can automate tasks. That can't be good. This is TechCrunch's Week in Review, where we recap the week's biggest news. Want this delivered as a newsletter to your inbox every Saturday? Sign up here. Everyone's making a browser: The Browser Company said this week that it's considering selling or open sourcing its browser, Arc Browser, to focus on a new AI-powered browser called Dia. And it's not the only one! Opera also said it's building a new AI-focused browser, and Perplexity teased its browser, Comet, a few months ago. At last: iPad users, rejoice! You can now talk to all your international friends with the new iPad-specific version of WhatsApp. Meta says that users will be able to take advantage of iPadOS multitasking features, such as Stage Manager, Split View, and Slide Over. Oh, great: LexisNexis Risk Solutions, a data broker that uses personal information to help companies spot risks and fraud, reported a security breach affecting more than 364,000 people. A LexisNexis spokesperson told us that an unknown hacker accessed the company's GitHub account, and the stolen data includes names, dates of birth, phone numbers, postal and email addresses, Social Security numbers, and driver's license numbers. And another one: Hackers reportedly accessed the personal phone of White House chief of staff Susie Wiles, obtaining contact information used to impersonate her and contact other high-ranking officials. It seems that AI was used to impersonate her voice. Can it cook my meals? Gmail users no longer have to tap an option to summarize an email with AI. The AI will now automatically summarize the content when needed, without requiring user interaction. That means you have to opt out if you don't want Gemini summarizing your stuff. Billion with a B: General Catalyst has invested $1 billion into Grammarly, the 16-year-old writing assistant startup. Grammarly will use the new funds for its sales and marketing efforts, freeing up existing capital to make strategic acquisitions. In the heights: Tinder is testing a new feature that will allow people to add a "height preference" in their search for love. This isn't a hard filter, Tinder says, as it won't actually block or exclude profiles but instead inform recommendations. 10 years in the making: Carma Technology, which was formed in 2007 by SOSV Ventures founder Sean O'Sullivan, filed a lawsuit earlier this year against Uber, alleging the company infringed on five of its patents. The lawsuit is fairly new, but the allegations go back almost a decade. Error in retrieving data Sign in to access your portfolio Error in retrieving data
TechCrunch
20 hours ago
- Business
- TechCrunch
Week in Review: Perplexity Labs wants to do your work
Welcome back to Week in Review! We've got a ton of stories for you this week, including a new AI-powered browser from Arc; not one but TWO hacks; Gemini email summaries; and much more. Have a great weekend! Look out, Google: AI-powered search engine Perplexity released Perplexity Labs, which gives Pro subscribers a tool that can craft reports, spreadsheets, dashboards, and more. Perplexity Labs can conduct research and analysis using tools like web search, code execution, and chart and image creation to craft reports and visualizations. All in around 10 minutes. We haven't had a chance to test it, and knowing the shortcomings of AI, I'm sure not everything will come out flawlessly. But it certainly sounds pretty awesome. Luckey's luck: The feud between Oculus founder Palmer Luckey and Mark Zuckerberg appears to be over: The pair announced a collaboration between Facebook and Luckey's company Anduril to build extended reality (XR) devices for the U.S. military. The product family they're building is called EagleEye, which will be an ecosystem of devices. Not awesome: We don't definitively know whether AI is beginning to take over roles previously done by humans. But a recent World Economic Forum survey found that 40% of employers plan to cut staff where AI can automate tasks. That can't be good. This is TechCrunch's Week in Review, where we recap the week's biggest news. Want this delivered as a newsletter to your inbox every Saturday? Sign up here. News Image Credits:The Browser Company Everyone's making a browser: The Browser Company said this week that it's considering selling or open sourcing its browser, Arc Browser, to focus on a new AI-powered browser called Dia. And it's not the only one! Opera also said it's building a new AI-focused browser, and Perplexity teased its browser, Comet, a few months ago. At last: iPad users, rejoice! You can now talk to all your international friends with the new iPad-specific version of WhatsApp. Meta says that users will be able to take advantage of iPadOS multitasking features, such as Stage Manager, Split View, and Slide Over. Techcrunch event Save now through June 4 for TechCrunch Sessions: AI Save $300 on your ticket to TC Sessions: AI—and get 50% off a second. Hear from leaders at OpenAI, Anthropic, Khosla Ventures, and more during a full day of expert insights, hands-on workshops, and high-impact networking. These low-rate deals disappear when the doors open on June 5. Exhibit at TechCrunch Sessions: AI Secure your spot at TC Sessions: AI and show 1,200+ decision-makers what you've built — without the big spend. Available through May 9 or while tables last. Berkeley, CA | REGISTER NOW Oh, great: LexisNexis Risk Solutions, a data broker that uses personal information to help companies spot risks and fraud, reported a security breach affecting more than 364,000 people. A LexisNexis spokesperson told us that an unknown hacker accessed the company's GitHub account, and the stolen data includes names, dates of birth, phone numbers, postal and email addresses, Social Security numbers, and driver's license numbers. And another one: Hackers reportedly accessed the personal phone of White House chief of staff Susie Wiles, obtaining contact information used to impersonate her and contact other high-ranking officials. It seems that AI was used to impersonate her voice. Can it cook my meals? Gmail users no longer have to tap an option to summarize an email with AI. The AI will now automatically summarize the content when needed, without requiring user interaction. That means you have to opt out if you don't want Gemini summarizing your stuff. Billion with a B: General Catalyst has invested $1 billion into Grammarly, the 16-year-old writing assistant startup. Grammarly will use the new funds for its sales and marketing efforts, freeing up existing capital to make strategic acquisitions. In the heights: Tinder is testing a new feature that will allow people to add a 'height preference' in their search for love. This isn't a hard filter, Tinder says, as it won't actually block or exclude profiles but instead inform recommendations. One more thing Image Credits:Carma 10 years in the making: Carma Technology, which was formed in 2007 by SOSV Ventures founder Sean O'Sullivan, filed a lawsuit earlier this year against Uber, alleging the company infringed on five of its patents. The lawsuit is fairly new, but the allegations go back almost a decade.
NDTV
a day ago
- Business
- NDTV
Mar Zuckerberg's Meta Is A Defence Contractor Now, Partners With Anduril For AI-Powered Products
Facebook and Instagram parent Meta has teamed up with defence startup, Anduril Industries, to develop military products that use artificial intelligence (AI) and augmented reality (AR). The military devices are expected to provide real-time battlefield intelligence to soldiers in the field, allowing them to make better decisions based on data, according to a CBS News report. "Meta has spent the last decade building AI and AR to enable the computing platform of the future. We're proud to partner with Anduril to help bring these technologies to the American servicemembers that protect our interests at home and abroad," Meta CEO Mark Zuckerberg said in the release. The collaboration would see Meta's AR and AI tech fusing with Anduril's data analytics platform 'Lattice', into products such as glasses, goggles and visors. Palmer Luckey, 32, the brain behind Anduril, has previously worked with Meta. He joined the social media company in 2014 when it was still known as Facebook, following the acquisition of Oculus, a virtual reality headset business that he founded. Anduril in a statement said the company was working Meta to "design, build, and field a range of integrated XR (extended reality) products that provide warfighters with enhanced perception and enable intuitive control of autonomous platforms on the battlefield'. Meta AI and military This is not the first instance when the Zuckerberg-owned company has hinted at its hard pivot towards defence and military-related programmes. In November last year, the company announced that US government agencies and contractors working on national security will get hold of the latest Llama 3 model. The company said it was playing its part in ensuring the safety and security of the United States by working with the likes of Lockheed Martin, IBM, Amazon, Microsoft and Oracle among others to make Llama available to the government. "As an American company, and one that owes its success in no small part to the entrepreneurial spirit and democratic values the United States upholds, Meta wants to play its part to support the safety, security and economic prosperity of America - and of its closest allies too," the company said. With the collaboration, the US military intends to use the power of AI to streamline logistics and track terrorist financing, as well as strengthen cyber defence.
CNBC
2 days ago
- Business
- CNBC
Meta makes a big move into defense. Here's how it could start to matter for investors
Meta's expensive bet on virtual and augmented reality technology is making its way to the Pentagon. Investors who have been worried about when all that spending will pay off should feel a little bit better now. Meta announced Thursday that it is partnering with defense-technology company Anduril to create VR and AR devices such as headsets for the U.S. Army — and the news piqued our interest for a few reasons. For starters, the privately held Anduril was started by none other than Palmer Luckey, the founder of Oculus, which Meta acquired in 2014 for $2 billion to kickstart its ambitions in the world of VR technology. Luckey had an acrimonious split with the company then known as Facebook in 2017, but now they're back on working terms. But, as investors, the main reason to care is that working with Anduril could be a boon for Meta's Reality Labs division — home to its VR and AR teams, along with CEO Mark Zuckerberg's "metaverse" ambitions more broadly. Reality Labs has racked up cumulative operating losses north of $60 billion since late 2020, including a hefty $4.2 billion loss in the company's first quarter. In recent years, Wall Street has generally given Meta a pass on the Reality Labs losses — the stock is up more than 430% since the start of 2023. To be sure, that follows a brutal 2022 in which Meta shares lost nearly two-thirds of their value, driven in part by investor concerns about Zuckerberg's aggressive spending. But since then, the market has largely glossed over the Reality Labs losses thanks to Zuckerberg's intense focus on efficiency across the entire company, including steep job cuts, and the strong performance of its core Facebook and Instagram businesses. At the same time, investors also have gained an improved understanding on where Zuckerberg's controversial metaverse vision fits into the grand scheme of things. While Zuckerberg's north star may still be some form of the metaverse — a virtual world where people hang out, play, and shop — there is a recognition that the technology needed to get us there is artificial intelligence. AI, of course, has very real-world applications today, and Meta is investing heavily in it. AI is already delivering improvements to its bread-and-butter advertising business through improved ad targeting. Meta's Reality Labs has picked up some smaller successes along the way, most notably the AI-infused smart glasses made in collaboration with Ray-Ban. But, as the first-quarter results showed, the glasses haven't led to a materially improved financial picture for that division. And because we've seen Wall Street grow anxious before over the Reality Labs losses, we wouldn't be surprised to see it happen again without a better understanding of its future. That's where teaming up with Anduril comes into play. The partnership revolves around the U.S. government's Integrated Visual Augmentation System (IVAS) contract. This 10-year, $22 billion contract was initially awarded to Club name Microsoft in 2021. In late 2024, Microsoft partnered with Anduril to incorporate the latter's "Lattice" operating system onto Microsoft's mixed reality HoloLens platform. Then, earlier this year, Microsoft opted to hand control of the contract over to Anduril, giving it "oversight of production, future development of hardware and software, and delivery timelines," according to a press release. In exchange, Microsoft's Azure became Anduril's preferred cloud-computing destination for all IVAS-related workloads and Anduril's AI technologies. Anduril has named its next-generation IVAS product EagleEye. We're not arguing that the Anduril partnership will be a financial needle mover in the near term. However, if the effort proves successful — and betting against either Zuckerberg or Luckey has never proven a good bet — it provides a pathway to generate a stable source of Reality Labs sales from the U.S. government, and that means operating losses in the division should improve, assuming expenses remain under control. The move should also help further diversify the company's overall revenue stream, which is almost entirely reliant on social media ads, in the years to come. While Meta has proven to still be a fantastic outlet for advertisers, revenue diversification in the era of AI is a good thing to see. Consumer behaviors are already evolving — consider the way hundreds of millions of people are turning to AI chatbots, threatening online ad competitor Alphabet's core internet search business — and who knows what other changes could be in store. At a higher level, Meta's work with Anduril points to a continued shift in the private company/government partnerships. Some Silicon Valley tech giants have historically been hesitant to contract with the U.S. military out of fear of retaliation from consumers, employees, or both. However, we are now seeing top U.S. tech companies become more open to government partnerships. Indeed, late last year, Meta said it made its Llama AI model " available to U.S. government agencies and contractors working on national security applications." Zuckerberg also has taken steps to improve his relationship with President Donald Trump. In an interview on the Core Memory podcast released shortly after Thursday's news became public, Luckey shared some interesting thoughts on how Anduril can leverage all the money that Meta has so far invested to build products like the Ray-Ban glasses and Quest headsets: "What we're doing is working with Meta to take the building blocks that they've invested enormous amounts of money and expertise in, and we're able to use those building blocks in EagleEye without having to recreate them ourselves. There's things that Anduril probably could do if we were willing to put billions of dollars of taxpayer money into it. I think we could convince the Army to give us a lot of money to recreate these things, but why would you do that when they've already been made? Why spend five years doing something when it's already been done in the consumer sector? ... They do have a lot of intellectual property and building blocks that they've built that are just as useful on the battlefield as they are on the head of any consumer." That's not to say that Meta is going to start developing military-grade hardware, but this does offer up an opportunity to further monetize its massive investment in research and development (R & D) by licensing out whatever consumer-grade hardware and software may be useful to Anduril as it looks to build out the final product. On the same podcast, Luckey said Anduril and Meta have already been working closely together for the better part of a year, relying entirely on private funding for the initiative during that time. This is particularly notable because it suggests that Meta does not need to ramp up hiring overnight to handle the work with Anduril, potentially adding expenses to Reality Labs. It's already been ongoing. Bottom line Meta's partnership with Anduril represents an encouraging — albeit incremental — move in addressing the large Reality Labs losses, which could fuel additional earnings growth for the company. Just how significant a contribution this effort becomes, of course, depends on Anduril's ability to make EagleEye a success with widespread U.S. military adoption. On the podcast, Luckey said Anduril's intent is to deliver first prototypes to the Army this year, "if all goes according to plan the way that I hope." So, as with the Ray-Ban glasses, we may not see the fruits of this effort on Meta's next earnings report or even the next few after that. But there is now a more clear path for Reality Labs to start pleasing skeptical investors. (Jim Cramer's Charitable Trust is long META and MSFT. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
Gizmodo
2 days ago
- Business
- Gizmodo
The Zuck and Luckey Reunion Enshrines Big Tech's Dude Bro-ification
Meta CEO Mark Zuckerberg and Palmer Luckey, the original founder of Oculus VR who has since become a military contractor, weren't on the best of terms for many years. After all, Zuck is the one who fired Luckey after he helped establish Meta's entire VR business. That's now water under the bridge. There's major money to be made in military tech, but Zuckerberg and Luckey—two nerds who made billions off their consumer products—are also bound tight by their newfound ultra-masculine, Trump-supporting personas. On Thursday, the pair declared they were hitching themselves back together after their initial nasty divorce and subsequent lawsuit nearly a decade ago. Luckey's military contracting company, Anduril, and Meta announced they were going to make 'the world's best' AR and VR technology for the U.S. military. This initial project is dubbed 'EagleEye' and, according to The Wall Street Journal, will be some kind of 'rugged' VR system that could detect enemy soldiers or drones. The Oculus founder added that he and Zuck had been working on several projects 'for a while now.' That could include a joint bid for a U.S. Army contract worth approximately $100 million, according to the WSJ. It's a real match made in murder. Microsoft had worked hard on a similar project called HoloLens that was supposed to provide soldiers with individual XR goggles. After years of development, initial tests back in 2022 went so poorly soldiers said the devices gave them motion sickness, adding, 'The devices would have gotten us killed.' Microsoft killed off its consumer-level HoloLens last year, but the company expected to do more tests of its XR devices this year. The Journal reported Aduril has replaced Microsoft as the leading vendor for military VR. Big tech companies see dollar signs, and it's no wonder they're so eager to claim a slice of the military-industrial complex pie. Luckey has long been a supporter of President Donald Trump. His donations to a pro-Trump group and his public endorsement of the U.S.-Mexico border wall were deciding factors in his ouster from Facebook. Luckey all but confirmed it in a recent TED talk where he said he was fired from the company for 'donating $9,000 to the wrong political candidate.' There is a lot of money to be made in military contracts. Elon Musk, whose company Starlink is a major U.S. contractor, isn't the only CEO who has buddied up close to Trump for the sake of access and new potential deals. Zuckerberg, alongside the CEOs of several major tech firms from Google to Amazon to Apple, donated millions of dollars for Trump's inauguration and stood behind the wannabe authoritarian while he was sworn in. All these companies have multi-billion ties to the Pentagon, though tech giants like Google and Amazon try to keep their ties out of the limelight. So what's changed with Meta? The CEO of Andruil—a company name he ripped from J.R.R. Tolkien's Lord of the Rings series—has long been an ardent Trump fan, but shortly after the election, Zuckerberg had his moment to finally come clean about his displeasure with all things having to do with diversity, equity, and inclusion—or DEI. The once-tweedy, nerdy Zuck has tried to transform his look as he's become a big fan of martial arts. He said on Joe Rogan's podcast that he believes the workplace needs more 'masculine energy,' which in the end just means he will kill funding for nonprofits and schools that he doesn't think fit in his new worldview. The arms dealer's slicked-back mullet and soul patch framed by his typical Hawaiian shirts, cargo shorts, and sandals don't exactly gel with Zuckerberg's masculine makeover. The connection between the pair of wannabe warmongers is more than skin deep. Luckey has been outspoken of his love for the 'warriors' of the U.S. military. In past posts to X, Luckey identified himself as a 'warrior' since he helps provide the 'tools of violence.' The bad blood between Luckey and Zuckerberg wouldn't survive the pair's transformation into their new 'warrior' identities. Yes, the contracts are lucrative enough to salve any lingering wounds, but the push into arms tech isn't driven merely by seeing dollar signs in the eyes. Both are committed to building a society that puts value on weapons and the armed forces above people. Perhaps they hope they'll both get a seat on the lead tank at Trump's fascist-flavored military parade next month.
