Facebook today reported earnings for its first fiscal quarter of 2020, including revenue of $17.74 billion, and net income of $4.9 billion, compared to revenue of $15.1 billion, and net income of $2.43 billion in Q1 2019. Year-over-year revenue is up 17%. Facebook earnings beat analyst estimates that predicted Facebook would earn $17.5 billion in […]
Facebook partners with AWS on PyTorch 1.5 upgrades, like TorchServe for model serving
Facebook’s PyTorch has grown to become one of the most popular deep learning frameworks in the world, and today it’s getting new libraries and big upgrades, including stable C++ frontend API support and library upgrades like TorchServe, a model-serving library developed in collaboration with Amazon Web Services. The TorchServe library comes with support for both […]
Facebook Is Launching An All-Inclusive Gaming And Streaming App
Facebook has announced plans to release a new app focused on gaming, The New York Times has reported. The app was originally meant to be released in June, but has been pushed up, and will now be available on April 20 on Android phones. The new app, Facebook Gaming, is aimed at the 700 million […]
Facebook taking on Twitch with own live-streaming app for mobile
A new, free Facebook app aims to allow anyone to become a live streamer, but it’s only available for Android devices. The coronavirus pandemic hasn’t only led to an increase in popularity for video games, but live streamers now have more of an audience to entertain and keep invested. As such, Facebook has decided to […]
Facebook Gaming launches tournaments for esports amateurs
Facebook Gaming is launching tournaments for esports amateurs today in early access across the globe. In the era of social distancing, Facebook believes that game can bring us together. While the tournament feature was in the works for a while, Facebook decided to release it early to help people cope better while in isolation because […]
Facebook surveys users about coronavirus symptoms as part of Carnegie Mellon research project
(Reuters) — Facebook said on Monday it would start surveying some U.S. users about their health as part of a Carnegie Mellon University research project aimed at generating “heat maps” of self-reported coronavirus infections. The social media giant will display a link at the top of users’ News Feeds directing them to the survey, which […]
Facebook Buys Every AR Display From Key Supplier Apple Looked At Acquiring
Facebook signed a deal to buy several years of the entire output of a key AR microLED display supplier Apple looked at acquiring, The Information reports. Mark Zuckerberg’s company spends “billions” of dollars researching augmented and virtual reality technology. It has publicly stated its goal of releasing lightweight AR glasses this decade, with the eventual […]
MicroLED Maker Plessey Agrees Exclusive Deal With Facebook
Facebook might be making significant investments in virtual reality (VR) and augmented reality (AR) technologies but there are times when specialist companies have done some of the vital work. Normally, giants like Facebook would simply purchase these smaller firms – like the recent acquisition of CTRL-Labs – but this can be a lengthy process. Today […]
Facebook says coronavirus is impacting advertising sales even as user engagement grows
(Reuters) — Facebook said on Tuesday the coronavirus outbreak was undercutting sales of the advertising that accounts for nearly all of its revenue, even as more users spend time on the social network during virus-related lockdowns. “We don’t monetize many of the services where we’re seeing increased engagement, and we’ve seen a weakening in our […]
Facebook Horizon Closed Alpha Begins This Month, Users To Sign NDAs
Last week, Facebook began inviting users to participate in a closed alpha for Facebook Horizon. The social VR app was announced last year at OC6 and will see users participate in creating customizable worlds, expressive avatars and experiences. The announcement in September came with the promise of a 2020 launch and a closed beta early […]