wednesday's news brings the total losses for reality labs to about $50 billion.umbers between mark zuckerberg's big bets on metaverse is a technology of the future. the firm continues to build out its reality labs unit and sees more losses to come. it is advancing its technology through facebook, instagram, and whatsapp. mark zuckerberg said in a statement that meta ai is on track to be the biggest use ai assistant by the end of the year. let's get you an update from india and softbank backed all electric is looking to make its initial public offering on friday. there is buzz around the listing as this is the first electric vehicle company to go public in the world's third largest automobile market. —— ola electric. here is our correspondent with more perspective. the company is looking to raise $660—$730 million through the anticipated listing. several investors have been big and are expected to make handsome returns. ola is a segment leader and commands nearly 35% of the country's ev two wheeler market share. it has seen its sales double in the last year, but i

the firm continues to build out its reality labs unit and sees more losses to come.y through facebook, instagram, and whatsapp. mark zuckerberg said in a statement that meta aa is on track to be the biggest use aa assisted by the end of the year. ——ai. aa assisted by the end of the year- "ai-— delmore there. crowdstrike is being sued by its shareholders, who allege that the company defrauded them by concealing how inadequate software testing on it and could have caused the global outage earlier this month. in a class action suit, shareholders say the company's assurances about its technology were misleading. chief executive george kurtz though believes the case lacks merit and has vowed to — quote — defend the company. the global outage caused crowdstrike's share price to sink 32 percent over nearly two weeks, wiping out $25 billion in market value. let's get you an update from india and softbank backed all electric is looking to make its initial public offering on friday. there is buzz around the listing as this is the first electric vehicle company to go public in

and what i'm hearing at reality labs the bringing in facebook employees who don't know anythingnd vr to run the show and that is unfortunately having some bad turn out for them. maria: nvidia up 13% the stock is on fire again. >> tech is leading the way, a lot of the other companies as we hear earnings throughout the back half we're going to see some concerns. maria: great to get your insights, thank you so much. we'll be right back. ♪operatic music♪ ♪ ♪ ♪♪ ♪ you were made to find inner peace. we were made to track flight prices to paradise. with so much entertainment out there wouldn't it be great... ...if you could find what you want, all in one place? show me paris. xfinity internet customers can enjoy the ultimate entertainment experience and save on some of the biggest names in streaming, all for just $15 a month. get the fastest connection to paris with xfinity. . i'm gina. i was really upset at the way i had let myself go. my cravings were out of control. i had to do something. we all know it's important to take care of our health but it seems the trend is looking for a q

the news on wednesday brings the total losses from the reality lab unit since the end of 2022 around ehind meta's big that sound the metaverse. the plan plans to continue building out its labs unit and sees more operating losses ahead this year. meanwhile, the company is advancing its crew to ai technology throughout its offerings like facebook, instagram and what. mr zuckerberg forecast a payoff in sight. he said matter ai is on track to be the most used ai assistant in the world by the end of the year. joining me now is jasmine enberg, vp and principal analyst. so, where you pleasantly surprised? what was your reaction to what mark zuckerberg and the team at meta said? t zuckerberg and the team at meta said? 2, , zuckerberg and the team at meta said? . , , , , zuckerberg and the team at meta said? , , , ., said? i was surprised and investors _ said? i was surprised and investors were. _ said? i was surprised and investors were. i- said? i was surprised and investors were. i think i said? i was surprised and i investors were. i think meta was able to restore investor confidence it ca

you're still losing, what, $4.5 billion on reality labs? is that right?> $4.5 billion in reality lab losses, and those are going to extend, according to last night's call. >> yeah, but -- >> at the same time, jim, operating margin is up nine points. >> that's the point. i mean, come on. the guy is obviously -- meta reality labs, all that is is the cost of doing business. i think there's a lot of stuff buried in that. quest 3, by the way, does praise it. but i think what's going on here, carl, is the revolution that jensen huang has been talking about. you don't -- where machines can do a lot of things better than humans, it's now here. '24 and '25. >> we just heard from costas and al michaels talking about voices getting copied. >> oh, absolutely. no, it's all very easy, and what's going on, we heard this was going to happen. this is video. and video is blackwell. video is blackwell. blackwell is going to be shipping in volume, and i don't know whether -- the rumor is that zuckerberg would have taken everything. >> i don't know if you can, but you've got

zuckerberg was leading us on several years ago when he was saying he was spending all this money on reality labs, and people panicked, and sold the stock. i think he was trying to throw off competenttory by spending the money on gpus to get a head start. if you're sitting in the seat of andy jassy or microsoft or openai, will you let another competenttory just take the lead and become the dominant player in ai going forward? i just don't think you can do that. you're only spending a minority in some cases, or just, you know, certainly less than your free cash flow. you're not going to level it on the balance sheet, and leena kaun will not have anything to do with that. i think a lot of people look at the investment in ai on, what's the return on investment on intel intelligence? they seen, a lot of them, as infinite. there will be shocking applications in the next few years. some already made the hair on the back of nigh stoke stand up, scott. they are here in some cases and will be coming shortly we're still less than two years away from chatgpt's new issue. >> there are a number of growthy sto

stuart: they did lose $ 4.5 billion on their reality labs.good. >> no, it's not my favorite thing either. [laughter] if i think, you know, glasses and wearables are a little bit of a tough sell for a mass if market. but i think what they're doing well that we haven't talked much about is they're spending even more on a.i. infrastructure, increasing that by $3 billion just this year. i think that's going to to help out. that's going to pay off long-term dividends to the company. stuart: do you have a target price for meta? >> yeah. i looked at some technical things, how far it could extend if the cycles keep moving up like they have been, and and i like it up in the low to mid 600s, stuart. i think we can get there. i don't think so in the next few months, next year even, by -- but that's a target i've got for probably 18 months out. stuart: all right. rate cuts are on the table according to jay powell. normally, that gives us a market rally, i think. is that going to happen again this time? >> i think that we already have sort of baked in wha

and virtual reality despite losing four and-a-half billion in the quarter in reality labs.maamazon and apple after the b. what do you want to do. >> i love amazon. ism a big fan of amazon, they're probably around 2 trillion right now. i think it's a company that's worth closer to 3 trillion. if you were to break them up and separate out aws which is their cloud business and their e-commerce business and do a sum of all parts valuation, you could easily arrive at 3 trillion. so what i'm expecting from amazon, i'm expecting that cloud grout actually accelerates again year over year due to the a.i. demand. e-commerce is going to remain strong. as our dollars that are dropping through to the bottom line. why go search on google when you can search in the amazon app and buy it. so i like amazon. maria: you like amazon better than apple. >> absolutely. apple, i actually would not be buying apple at all. i would probably be interested in trimming my position. when you look at apple, they've got a lot of challenges. they're betting the farm on the new iphone upgrade cycle so everyo

i think that they have been spending a lot in reality labs, pivoting spend at least to a.i.ces, interesting, competitive play with chapter d closed. we're looking at, probably like where, you know, is the ecosystem building around llama and meta's strategy here and what are we seeing in terms of the r line and start-ups like, they can get llama for free. i think that's an interesting aspect in terms of seeing start-ups making strong roi with their apps and i think how meta then also denigrates llama into its products, efficacy, making it so they can ride a strong return on investment grew integration and usage. i think what we're looking for as well. >> we have been talking about this, modest-sized ak bcquisiti amd brought up. market's been incredibly willing to give a big premium to nvidia. earnings have been there. the average semiconductor stock not as well positioned hasn't done as well. are you kind of surveying that area for what's been left behind or is it just go with the proven winners? >> yeah. absolutely. i think the opportunity has grown really big. i think there

reality. medical research labs are extraordinarily diverse.hey're a global phenomenon but what they do not have proportionally is black american, african-american scientists. why? because the skills gap is so large. this is why i say you can have diversity as we define it, black and american blacks, hispanic, or merrick ot ra see, you can't have both. when 66% of black 12th graders do not possess partial mastery of the most basic math grade skills, reading a linear graph, 66% of black 12th graders do not possess partial mastery of those basic math skills, it is absurd to say that if a cancer research lab does not have 13% black oncologists or an alzheimer's research lab does not have 13% black neurologists, it's a racist lab that is discriminating against qualified black oncologists and neurologists but that's now the message that is being sent by the federal agencies and by many academic institutions. to create that diversity, i am sorry, given what we know about the distribution of medical skills today this is not permanent but it is the sta