Meta Platforms' strong ad business is only getting better thanks to AI. Netflix still dominates streaming and is slowly entering new, potentially lucrative niches.
Bloomberg's Ed Ludlow discusses the impact the conflict with Iran is having on AI investments in the Middle East, as Meta pauses part of its major internet-expansion efforts in Africa. Plus, Adobe CEO Shantanu Narayen will resign amid skepticism about the company's ability to thrive in the AI era.
Sam Vadas details Meta Platforms' (META) ongoing efforts to jump into a crowded AI race. Sam shares an analogy from the NYSE Floor about its "Avocado" platform suggesting it might be too firm still and needs to ripen up before it's ready.
Meta Platforms (META) has delayed the launch of its next-generation AI model known internally as âAvocado,â according to a report from The New York Times.In
Meta Platforms Inc (NASDAQ:META, XETRA:FB2A, SIX:FB) shares fell more than 3% on Friday, trading at about $618, following reports that the company is delaying the rollout of its latest artificial intelligence model, code-named Avocado. According to sources speaking to The New York Times, Meta CEO Mark Zuckerberg, who in July said the company's new AI models would “push the frontier in the next year or so,” now faces uncertainty in meeting that timeline.
Meta delayed the launch of Avocado, its next-generation artificial intelligence model. The company pushed the release to at least May from a planned debut this month, The New York Times reported Thursday (March 12).
In December, media reports first surfaced that Meta Platforms ( NASDAQ:META | META Price Prediction ) was quietly developing a next-generation AI model code-named Avocado, positioned as the successor to its popular Llama series of large language models.
Despite an earnings miss, Lennar (LEN) shares soared at Friday's open following its 1Q print. Diane King Hall dives into the print in which the CEO says was defined by the "same persistent headwinds" challenging the housing market.
While tech stocks rally , Meta Platforms Inc (NASDAQ:META) is moving in the opposite direction, down 2% to trade at $625 at last check.
• Meta Platforms stock is taking a breather. What's the outlook for META shares?
Headwinds facing Meta Platforms (META) now include a possible delay of its latest AI model named "Avocado" according to New York Times reporting. Rick Ducat joins Morning Movers to discuss the technical patterns taking shape on the chart of META, underlining a confluence of moving averages this week.
Meta stock fell after a report that the tech giant has postponed the release of its "Avocado" artificial intelligence model.