Meta said it won't launch its AI assistant in Europe following pushback from regulators. Regulators raised privacy concerns about Meta's plan to scrape user data to train its AI.
Meta Platforms stock has risen significantly since the beginning of 2023 and it won't be surprising to see management go for a stock split to make the share price more accessible. However, Meta looks like a solid investment whether or not it decides to split its stock.
One can barely go far today without seeing or hearing the term AI. Artificial intelligence, or AI, has grown exponentially.
Meta has confirmed that it will pause plans to start training its AI systems using data from its users in the European Union (EU) and U.K.
Meta Platforms will not launch its Meta AI in Europe for now following a request from the Irish privacy regulator, the U.S. social media company said on Friday.
Christopher Blair, a renowned “liberal troll” who posts falsehoods to Facebook, is having a banner year despite crackdowns by Facebook and growing competition from A.I.
Meta Platforms is reportedly continuing its headcount reductions by looking to cut down on the number of vice president positions. The company aims to reduce the number of vice president positions from the 300 it had last year to about 250, Seeking Alpha reported Wednesday (June 12).
In the latest trading session, Meta Platforms (META) closed at $508.84, marking a +0.27% move from the previous day.
Meta Platforms has had a strong start in 2024, with stock up over 47% due to impressive quarterly results and robust revenue growth. Due to strong fundamentals and AI integration, Meta is expected to achieve further upside, with a target price of $655 by 2024. Meta targets Gen Z, enhancing video content and search functionality to boost engagement, while partnerships and AI investments drive targeted advertising revenue growth.
BMO Capital analyst Brian Pitz reiterated a Market Perform rating on the shares of Meta Platforms Inc META with a price target of $450.
More creators are exploring alternative income streams in off-platform brand deals.
Most of the narrative among equity investors right now centers on growth stocks. Questions about whether interest rates will decline, how robust spending will be, and the AI boom apply to a wide range of higher-growth companies in specific industries.