Tag: Metaverse

Meta’s Metaverse Gamble Keeps Bleeding Cash as Losses Surge to $68.8 Billion

Meta’s Metaverse Gamble Keeps Bleeding Cash as Losses Surge to $68.8 Billion

Facebook’s parent company, Meta, ended 2024 on a high note. The tech giant’s net income skyrocketed by 86.8% to $55.5 billion, the biggest increase in the GAFAM group, proving that aggressive investments in AI-driven ad technologies and a rebound in digital ad spending paid off. But while its core business soared, Meta’s metaverse division continued mounting losses at an alarming […]

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The AI powered cyber threats drain security budgets

The AI powered cyber threats drain security budgets

New research highlights a stark reality – IT directors at major global firms are preparing for an unprecedented surge in cyber threats driven by AI, machine learning, and the Metaverse. As cyber criminals deploy increasingly sophisticated attacks, organizations plan significant security budget increases over the next two years.   A global study of IT leaders at companies with over $300 million […]

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