Since January, OpenAI has fielded hundreds of proposals in a stealth search for Stargate data center sites, prioritizing access to power, scalability, and local support. Led by former Meta executive Keith Heyde, the company is moving from being a cloud customer to an infrastructure builder.
Ten companies traded on U.S. stock exchanges currently have market values of at least $1 trillion, and nine are deeply involved in artificial intelligence (AI). They are listed in descending order based on the upside (or downside) implied by the median target price among Wall Street analysts as of October 3.
I'm upgrading Meta to a buy rating after the company recently delivered substantial acceleration in ad impressions that powered >20% y/y revenue growth. On top of this, Meta continues to drive economies of scale, with operating income and EPS growing at 38% y/y. While Meta's valuation still sits at a premium (~24x forward P/E), Mag 7 peers have also risen, putting Meta on the cheaper side of the group.
In a big milestone for Meta Platforms NASDAQ: META, the tech giant recently announced that Instagram has now hit 3 billion monthly active users. That's around 37% of the world's population of 8.1 billion, demonstrating the platform's dominance.
A Dutch court Thursday ordered Meta to ensure that Facebook and Instagram users in the Netherlands have "direct and easily available" access to a feed that is not based on algorithmic profiling.
Scammers are among the top political ad spenders on Meta's platforms, using deepfake videos of American politicians—including President Donald Trump—to promote fake government benefits, a watchdog group said Wednesday.
Meta will begin using people's conversations with its artificial intelligence to create personalized ads and content. The change is set to go into effect Dec. 16, the tech giant announced Wednesday (Oct. 1), with Meta set to begin informing people about the update via notifications and emails next week.
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.
Meta will begin using people's conversations with its artificial intelligence chatbot to tailor the ads and content they see on Facebook and Instagram, the social media giant announced Wednesday.
Shares of Meta Platforms Inc. (NASDAQ: META) lost 5.46% over the past five trading sessions after losing 3.50% the five prior.
Meta will soon show ads and other content to users based on their interactions with the company's digital assistant and other products powered by artificial intelligence. The company said its AI digital assistant now has more than 1 billion active monthly users.
While users won't be able to opt out from the new policy, the content of some conversations will be automatically excluded.