Meta Platforms Inc (NASDAQ:META, ETR:FB2A, SWX:FB) has acquired PlayAI, a small artificial intelligence startup focused on developing highly realistic voice generation technology, as part of its ongoing push to advance its AI capabilities. PlayAI specializes in ultra-natural voice cloning, capable of replicating human tone, emotion, rhythm, and intonation in more than 30 languages.
Meta Platforms (META) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Meta has acquired Play AI, a startup that uses AI to generate human-sounding voices.
Meta has reportedly acquired voice technology/artificial intelligence (AI) startup PlayAI. The “entire PlayAI team” is due to join Meta this week, Bloomberg News reported late Friday (July 11), citing an internal memo.
As one of the world's largest and most influential companies, Meta Platforms NASDAQ: META is often the subject of interesting reports containing juicy rumors.
META's recently fast/furious rally has outpaced its robust fundamentals, with valuations now overstretched compared to its historical averages and peers. Its AI-driven growth and aggressive talent acquisition support the social media/advertising giant's long-term ambitions, albeit triggering a minimal margin of safety at current levels. While META's technical indicators suggest sustained upward momentum in the near-term, the stock market's overly exuberant sentiment may trigger near-term volatility.
Scott Devitt and his Wedbush team share insights from a recent Digital Ads survey. He reveals a largely positive backdrop for the overall digital advertising space addressing companies like The Trade Desk (TTD), Pinterest (PINS), Amazon (AMZN) and more.
Meta's aggressive AI investments, including a $14.3B Scale AI stake and top talent hires, aim to dominate the personalized AI assistant space, especially with its lead in AR/VR. Core AI efforts are driving strong growth and profitability in Meta's family of apps, justifying elevated capex and supporting future innovation. Despite losses from its Reality Labs segment, Meta's expanding free and operating cash flow amid growing capex is supporting continued investor confidence.
The latest trading day saw Meta Platforms (META) settling at $732.78, representing a +1.68% change from its previous close.
Meta Platforms (META) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
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Shares of Meta Platforms Inc. (NASDAQ: META) gained 2.86% over the past five trading sessions, continuing a rally that's seen the Magnificent Seven mainstay gain 5.98% over the past month.