Facebook’s strong belief that technologies like Artificial Intelligence (AI) will revolutionize the future and emerge as big business opportunities is helping the company take proactive steps in this direction.
The recent hiring of Shahriar Rabii, Alphabet (GOOGL - Free Report) division Google’s AI head of chip development reflects Facebook’s growing focus in this area
Rabii was instrumental in helping the “lead team in charge of building chips for Google’s devices, including the Pixel smartphone’s custom Visual Core chip, which brought machine learning intelligence to the device's camera.”
Building a Secure Platform With AI
Facebook is building its own team to develop in-house chips, per Bloomberg, following the footsteps of Apple (AAPL - Free Report) , Amazon (AMZN - Free Report) and Google.The company’s efforts to develop in-house chips can help it better synchronize its hardware and software platforms.
Facebook is expected to use its in-house AI chips in the future models of Oculus Go VR headset and in its smart speakers that are anticipated to feature video chats as well.
Notably, Facebook has ramped up its efforts to secure its platform with AI technology following serious allegations related to fake news, data privacy and data misuse.
In order to bolster its AI portfolio, Facebook has taken the acquisition path. The acquisition of AI start-up, Bloomsbury, which specializes in natural language processing (NLP), is expected to help it counter the fake news menace.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Facebook’s strong belief that technologies like Artificial Intelligence (AI) will revolutionize the future and emerge as big business opportunities is helping the company take proactive steps in this direction.
The recent hiring of Shahriar Rabii, Alphabet (GOOGL - Free Report) division Google’s AI head of chip development reflects Facebook’s growing focus in this area
Rabii was instrumental in helping the “lead team in charge of building chips for Google’s devices, including the Pixel smartphone’s custom Visual Core chip, which brought machine learning intelligence to the device's camera.”
Building a Secure Platform With AI
Facebook is building its own team to develop in-house chips, per Bloomberg, following the footsteps of Apple (AAPL - Free Report) , Amazon (AMZN - Free Report) and Google.The company’s efforts to develop in-house chips can help it better synchronize its hardware and software platforms.
Facebook is expected to use its in-house AI chips in the future models of Oculus Go VR headset and in its smart speakers that are anticipated to feature video chats as well.
Notably, Facebook has ramped up its efforts to secure its platform with AI technology following serious allegations related to fake news, data privacy and data misuse.
In order to bolster its AI portfolio, Facebook has taken the acquisition path. The acquisition of AI start-up, Bloomsbury, which specializes in natural language processing (NLP), is expected to help it counter the fake news menace.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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