Facebook Inc (NASDAQ:FB) has been pretty quiet as a company of late, what with Google Inc (NASDAQ:GOOG) and Apple Inc. (NASDAQ:AAPL) taking their shares of headlines lately, in both positive and negative ways. On this Monday, however, CEO Mark Zuckerberg’s company is featured in several short items in the headlines.
Facebook Inc (FB): Iran Government Goes Social
Nasser Karimi of The Canberra Times (Australia) is reporting on what seems to be a rarity in politics nowadays – following through on a campaign promise. This story comes out of Iran, where newly minted President Dr. Hassan Rouhani, who promised during this presidential campaign that the government would increase its openness and transparency. And within days of Rouhani’s installation, it is reported that 15 Iranian ministers have now opened Facebook Inc (NASDAQ:FB) profile pages – on a social network that had been blocked in the country from the Iranian people – except for those who can gain access through a proxy server located outside the country.
Saeed Leilaz, a political analyst in Iran, boldly predicted that this is a step toward Internet accessibility. “Definitely filtering on Facebook will be lifted, and we will witness the elimination of filters (on the) Internet.”
Facebook and FISA Court: Let Us Spill More Beans!
In a more recent development with the court developed through the Foriegn Intelligence Surveillance Act (FISA), Facebook Inc (NASDAQ:FB) and Google Inc (NASDAQ:GOOG) lawyers have joined other technology firms to petition the FISA court for permission to reveal more information about government requests for user information. This update was covered by Hayley Tsukayama of the Washington Post.
The idea behind the petition is to allow tech companies to reveal more information about the types of requests by government entities and from what government entities as well as the types of information requested. This, according to the tech firms, would allow for more transparency and increase consumer trust with the companies in the wake of the revelation of the National Security Administration (NSA) PRISM surveillance program. To this point, the FISA Act courts have only limited tech firms to release an aggregate report of the numbers of governmental requests without regards to the types of information or the scope of the requests.
Instagram to Launch Advertising Soon?
We suppose it was only a matter of time. Since Facebook Inc (NASDAQ:B) stepped in and bought Instagram last year, and knowing that Facebook has developed a robust and effective advertising network, there may have been some office pools started that suggested how long before Instagram would launch a Facebook-style advertising network. According to a story posted by Cassie Slane on BestTechie, the answer to the office pool will be revealed soon, as indications are that the company will start to roll out advertising in a small scope sometime in 2014, said Emily White, director of business operations for Instagram (who previously worked for Facebook).
“We want to make money in the long term, but we don’t have any short-term pressure,” White said to the Wall Street Journal. Instagram, to this point, has not generated any revenue for Facebook Inc (NASDAQ:FB).
If you are an investor in Facebook Inc (NASDAQ:FB) stock, like fund manager Stephen Mandel or Bill Miller, how would you digest all this information in terms of action on your investment?
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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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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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