Judge rules Meta doesn't have monopoly after Instagram, WhatsApp acquisitions

In September, US employers added 119,000 jobs, surpassing expectations. However, the unemployment rate rose from 4.3% to 4.4%, indicating a mixed labor market performance. This data reflects ongoing challenges as the economy navigates recovery.

Yann Le Cun, a prominent figure in artificial intelligence and a key player at Meta for over a decade, is leaving the company. His departure follows disagreements with fellow engineers regarding the future of AI technology, particularly large language models like those used in ChatGPT.

Nvidia reported a significant revenue increase of 62% for the three months ending in October, reaching $57 billion. This strong performance has alleviated concerns regarding a potential AI bubble, boosting investor confidence in the company's future prospects.

Yann LeCun, a prominent figure in artificial intelligence and a key player at Meta, is set to leave the company to launch a new AI startup focused on Advanced Machine Intelligence. His departure follows over a decade of contributions to Meta, where he has been influential in shaping AI research and development.

Meta has achieved a significant victory against the Federal Trade Commission (FTC) in an antitrust case, which may influence investor perceptions of the social media landscape. The ruling suggests that Meta's acquisitions of Instagram and WhatsApp do not constitute monopoly power, allowing the company to maintain its current business structure without the threat of a breakup.

The ongoing debate surrounding artificial intelligence (AI) raises questions about whether the current hype represents a bubble that could potentially burst. As investments surge into AI technologies, experts are divided on the sustainability of this growth and the implications for the future of the industry.

Cantor Fitzgerald has reduced its stock price target for Meta to $720, citing increased cloud costs as a significant factor. This adjustment reflects concerns about the company's financial outlook amidst rising operational expenses.

The rate of inflation in the UK has decreased, leading to expectations of lower mortgage rates. However, food prices continue to rise, creating a disparity in the economic landscape that affects consumers' purchasing power.