Can we quantify just how comprehensively Mark Zuckerberg has steered his social media behemoth Meta Platforms Inc (NASDAQ:META, ETR:FB2A, SWX:FB) away from his metaverse ambitions in favour of the alluring world of artificial intelligence? Perhaps.
Meta's user growth in the U.S. remains strong, especially among young adults, contrary to the public narrative. Ad revenue for Meta continues to grow, with strong performance in different geographic segments. Meta's focus on AI, GenAI products, Threads, and AR/VR technologies show promising potential for future revenue growth and market expansion.
Meta has scrapped its celebrity AI assistants after less than a year. The company is shifting focus to its new AI Studio, which lets users create their own AI bots.
Facebook-parent Meta signals strong spending on AI hardware but doesn't give detailed guidance on investment in Nvidia's Blackwell chips.
Meta on Wednesday reported profit of $13.5 billion in the recently ended quarter, beating market expectations and causing its share price to jump.
Meta Platforms shares rose 7.9% in Frankfurt in thin volumes on Thursday, after the U.S. tech giant beat market expectations for second-quarter revenue on Wednesday.
Meta Platforms reported strong Q2 earnings, beating estimates and showing growth in key metrics. Meta's AI investments are paying off, with Meta AI set to become the most-used AI assistant. With Meta trading at an undemanding valuation, it remains a compelling investment opportunity.
WhatsApp's massive 500 million user in India has supercharged Meta's AI ambitions.
WhatsApp's massive 500 million user in India has supercharged Meta's AI ambitions.
Shares in Meta Platforms (META) jumped more than 7% in extended trading on Wednesday after the social media giant's second-quarter earnings and sales topped Wall Street's estimates, giving investors confidence that the company's significant investment in artificial intelligence (AI) infrastructure is reaping benefits.
Meta Platforms Inc. co-founder and Chief Executive Mark Zuckerberg says Facebook has become cool again with young people — now the company needs to make sure they stay there.
A funny thing happened on the way to Meta's Q2 earnings call. As it has for many tech companies during this earnings season, discussion of actual financial results took a back seat to discussions about spending on artificial intelligence (AI).