Meta's $4.2B Loss!

What we’ll cover today:

🔻 Meta’s Reality Labs just dropped $4.2B like it’s pocket change 😵

🧠 Nvidia’s Jensen Huang: “China’s not behind in AI” (did someone say plot twist?)

📅 Upcoming SaaS events you shouldn’t sleep on

Meta’s Metaverse Dreams Take a $4.2B Reality Check 💸

Meta, the tech beast behind Facebook, just watched its Reality Labs lose $4.2 billion in Q1 2025. Yikes.

🚨 Breaking News:
Even with that monster loss, Meta crushed earnings thanks to ad money and a big bet on AI and data centers.

⚡ Wire Simplified:

• Reality Labs (the VR/AR squad) lost $4.2B this quarter.

• But Meta’s total revenue hit $42.31B—beating Wall Street’s vibes.

• AI is Meta’s new BFF, soaking up huge investment.

• Ads are still printing money (thank you, Instagram).

• Meta stock jumped 5% right after the earnings drop.

✔️ Straight to the Point:
Zuck’s metaverse is still bleeding cash, but ads and AI are holding the ship steady for now. Mixed bag, fr.

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Nvidia’s Jensen Huang Says China’s Not Behind in AI 🧠

Nvidia’s CEO Jensen Huang says China’s AI game is strong—like, neck-and-neck with the U.S. kinda strong.

🚨 Breaking News:
China’s AI chip makers, especially Huawei, are catching up fast. And they’ve been stockpiling Nvidia chips like it’s Black Friday.

⚡ Wire Simplified:

• Huang says China is “very, very close” to U.S. AI chip levels.

• Huawei is officially a serious threat in AI hardware.

• Nvidia’s worried about U.S. export bans cutting into profits.

• Chinese firms are hoarding Nvidia’s H20 chips just in case.

• Jensen wants U.S. chips shared globally, not locked behind borders.

✔️ Straight to the Point:
China’s AI rise is real. Nvidia’s CEO isn’t sugarcoating it—and he’s lowkey hinting the U.S. shouldn’t panic-block.

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