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Harvey, which builds generative AI tools for law firms, raised a $21M Series A led by Sequoia with participation from the OpenAI Startup Fund and others (Sara Merken/Reuters) 27-04-2023

Sara Merken / Reuters: Harvey, which builds generative AI tools for law firms, raised a $21M Series A led by Sequoia with participation from the OpenAI Startup Fund and others  —  With more and more lawyers at major law firms using fast-advancing generative artificial intelligence tools, legal AI startup Harvey … Lees verder op Tech Meme

Meta says time spent on Instagram grew 24%+ since Reels launched thanks to AI recommendations, and expects Reels to be revenue-neutral by year end or early 2024 (Darrell Etherington/TechCrunch) 27-04-2023

Darrell Etherington / TechCrunch: Meta says time spent on Instagram grew 24%+ since Reels launched thanks to AI recommendations, and expects Reels to be revenue-neutral by year end or early 2024  —  Meta shared some updated engagement info around its platforms on its Q1 2023 quarterly earnings call on Wednesday … Lees verder op Tech Meme

Meta's Reality Labs unit reports Q1 revenue down 51% YoY from $695M to $339M and operating loss up 35% YoY from $2.96B to $3.99B, after losing $13.72B in 2022 (Jonathan Vanian/CNBC) 26-04-2023

Jonathan Vanian / CNBC: Meta’s Reality Labs unit reports Q1 revenue down 51% YoY from $695M to $339M and operating loss up 35% YoY from $2.96B to $3.99B, after losing $13.72B in 2022  —  – Meta’s Reality Labs unit had a $3.99 billion operating loss in the first quarter, after losing $13.72 billion last calendar year. Lees verder op Tech Meme