Meta has reportedly poached some top engineers from tech firms for its artificial general intelligence (AGI) team. [contact-form-7] One engineer who confirmed he is moving to Meta is Jack Rae, a principal researcher at Google DeepMind, Bloomberg reported Wednesday (June 11).
Meta's Mark Zuckerberg is reportedly taking a hands-on approach to expanding the company's AGI team. [contact-form-7] This effort is born out of Zuckerberg's frustration with the tech giant's limitations in artificial intelligence (AI), Bloomberg News reported Tuesday (June 10), citing sources familiar with the matter.
Alamos produced ~125,000 ounces at $1,805/oz AISC, translating to a dip in production at significantly higher costs in what was a noisy quarter. That said, Alamos has reiterated production guidance, expects a much stronger Q2 and H2 2025 & we should see a material decline in unit costs going forward, back to industry-leading levels. More importantly, reserve/resource growth combined with continued exploration success gives Alamos an enviable pipeline that should be able to support growth to 1.0 million ounces of gold per year.
Alamos Gold Inc. (NYSE:AGI ) Q1 2025 Earnings Conference Call May 1, 2025 11:00 AM ET Company Participants Scott Parsons - Senior Vice President, Corporate Development and Investor Relations John McCluskey - President & CEO Greg Fisher - CFO Luc Guimond - COO Scott R.G. Parsons - Vice President, Exploration Conference Call Participants Cosmos Chiu - CIBC Michael Siperco - RBC Capital Markets Ovais Habib - Scotiabank Carey MacRury - Canaccord Genuity Don DeMarco - National Bank Financial Operator Good morning.
Alamos Gold's Q1 performance is likely to have benefited from increased gold sales and prices, somewhat offset by higher costs.
Google DeepMind CEO Demis Hassabis said he thinks artificial general intelligence, or AGI, will emerge in the next five or 10 years. AGI broadly relates to AI that is as smart or smarter than humans.
Alamos Gold is riding high after a "stellar year" marked by record production and a significant surge in its share price, according to President and CEO John McCluskey.
AGI gains from rising gold and silver prices, and an upbeat production outlook for 2025.
Beneath the surface, a few key areas are showing strength.
AGI Q4 results reflect the gains of higher realized gold prices and higher sales volumes.
Here is how Alamos Gold (AGI) and DRDGOLD (DRD) have performed compared to their sector so far this year.
Alamos Gold (AGI) possesses solid growth attributes, which could help it handily outperform the market.