Morning Beat: Facebook Inc (FB), the Coca-Cola Co (KO), and Alphabet Inc (GOOGL)


Oculus is in the process of incorporating Facebook video tab into its video app on Gear VR. The integration will allow users to link their Facebook Inc (NASDAQ:FB) accounts with their Oculus accounts. By doing so, users stand to gain access to personalized VR content.

The new tab will allow users to browse and view VR content. Sharing of VR videos from Gear VR and straight into Facebook Inc (NASDAQ:FB) will also be a possibility. Oculus is also working on new Reactions emoji for the app as it seeks to take users VR experience on the app to another level.

Alphabet Inc (NASDAQ:GOOGL)’s artificial intelligent Go-Playing system has won the second game against Go Grandmaster Lee Sodel after four hours of tight play. AlphaGo now needs to win just one more game to emerge the outright winner of the five-match contest. Game three is scheduled to take place on Sunday.

The tournament provides a perfect way of judging the progress that Google has made on artificial intelligence. Even though machines have beaten the best human brains on Chess, Checkers and Scrabble, they have never beaten the best at Go.

The two wins underscore technological advances that Alphabet Inc (NASDAQ:GOOGL) has made on AI, a technology set to revolutionize the tech space.

The Coca-Cola Co (NYSE:KO) says it has spent $1.72 million funding research programs targeting nutrition and health programs in Australia, over the past five years. A list posted online titled ‘Our commitment to Transparency’ outlines the 36 events that the company says it financed.

Some of the organizations that have benefited include the University of Sydney, Nutrition Society of Australia, Ted Noffs Foundation, Bicycle Network, and Sports Medicine Australia. NSW Institute of Sport is the biggest omission even though it lists The Coca-Cola Co (NYSE:KO) in its official sponsorship page.

The beverage giant has been criticized in the recent past over concerns it is not doing enough to fight obesity. Proponents have especially criticized the company of trying to fight obesity through exercise rather than calorie control.

Facebook Inc (NASDAQ:FB)’s new app, Facebook Lite, designed to minimize data expenditure has clocked a new milestone in terms of active users. The Android-exclusive app now boasts of 100 million active users, mostly in developing countries.

The app is currently available in 150 countries, but Facebook says it is mostly popular in India, Brazil, Mexico, Indonesia, and the Philippines. Facebook Lite is 1MB in size compared to the full Facebook app that stands at 42MB. The app targets users in emerging nation’s where internet speeds are not that good, to support the full app.

Facebook Lite is not a full scale down from the official app. It boasts of video playback support as well as Pinch-to-zoom photos and emoji support as Facebook Inc (NASDAQ:FB) continues to add more features.

Viraj Shah

Viraj Shah has completed M.Com (Finance) and is currently pursuing his CFP. He tracks US markets along with other global markets like India very closely. He is very passionate about stocks, real estate, and technology. He also believes that money can always be made in the market.

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