“We’re going to stay positive until we have some closure here,” Zebian said. The goal, he said, was to get the water level low enough that people can search the area by foot. “We can rebuild roads and bridges and buildings, but we can’t bring people back, and the legacy for these floods will be the incredibly tragic loss of life,” he said.Įarlier in the day, industrial pumps steadily emptied a flooded field as searchers scoured the area for the missing people.Ībraham Zebian, mayor of West Hants Regional Municipality, was at the site and said search teams were pumping more than 94,000 litres of water a minute from the field. Premier Tim Houston told reporters in Windsor Monday it was a “heartbreaking day” for the province. At least 50 roads sustained significant damage. Provincial officials said 25 bridges had been affected, with 19 damaged and six destroyed. There have been no other reports of missing people from the flooding, he said.Ī series of thunderstorms that began on Friday and stretched into the following day dumped up to 250 millimetres of rain on several parts of the province, washing out roads and bridges and causing widespread damage. Rob Frizzell said police are working with the medical examiner to identify the remains, but investigators have reason to believe they belong to one of the other three people missing. Police said they recovered the body of a 52-year-old man from Windsor, N.S., in a search area northwest of Halifax, while the second person’s remains were found on shore in a tidal area in the neighbouring county.įour people, including two children, were reported missing on Saturday when the two vehicles they were travelling in were submerged in the regional municipality of West Hants. The company, therefore, needs to show how it can successfully diversify its revenue stream beyond ads.RCMP in Nova Scotia said Monday they had found the body of a missing man and what they believe are remains of a second person swept away in massive flooding that hit the province on the weekend. Shareholders will want to see improved regulatory compliance to alleviate further risks of fines and reputational damage. Its ad-focused business model however still faces regulatory challenges and while Meta believes the EU-US Data Privacy Framework will alleviate some problems, it needs to adapt to the privacy-led regulatory environment. Reels and click-to-WhatsApp ad revenues were particularly strong, arguably showing how Meta is challenging TikTok. “Q2 growth of its ad revenue, attributed to AI tools, will bring a sigh of relief given the challenges it faced from Apple’s privacy software updates and stricter data regulations. A critical point will be finding a monetization strategy that is not just ad-focused given the tidal wave of data privacy regulations. Meta, therefore, needs to prove the app will retain users, attention rates, and be profitable. However, it leveraged its existing Instagram user base to attract sign-ups and the launch came at an ideal time given the disarray at Twitter. The launch of Threads had 100 million sign-ups in its first week which will have boosted confidence following months of uncertainty around its metaverse plans. “A promising move was its shift back to social media, an area Meta knows best. This may not be enough to compete with leaders such as OpenAI and Google DeepMind, which have even criticized Meta’s public access approach due to safety concerns, albeit this criticism might be more related to the threat to their own business models. The only thing separating it from competitors is its claim that it is democratizing AI development by providing open-source access to its tools. However, as a long-term strategy, Meta needs to prove it can stay competitive in AI development. Focusing on AI instead has allowed it to address some of its previous losses in ad revenues as AI tools have significantly improved the monetization of its products. Shifting the metaverse to more of a long-term ambition will keep attention away from the major losses in its Reality Labs unit. “Meta has relieved shareholders by scaling back on its metaverse plans and refocusing on AI. Following the news that Meta Platforms has exceeded expectations with strong second quarter (Q2) 2023 results Īmelia Connor-Afflick, Senior Thematic Intelligence Analyst at GlobalData, a leading data and analytics company, offers her view:
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |