Meta CEO Mark Zuckerberg discussed the company's challenge of balancing monetizing excess AI data center capacity versus retaining it for future AI development. Despite heavy capital spending rivaling peers, Meta currently lacks a cloud services business but is exploring leasing computing power to companies like Anthropic. Zuckerberg emphasized the need to build new enterprise sales capabilities while maintaining ample compute for Meta's AI models, which are advancing under AI chief Alexandr Wang. The company faces pressure to diversify beyond ads and improve its AI strategy after a weaker revenue forecast and a 90% drop in free cash flow due to soaring capital expenditures.
Meta CEO Mark Zuckerberg announced that within five years, billions of people will rely on personal AI agents to manage tasks across health, finances, and careers. Meta is actively developing these AI assistants, already serving over a million busine...
India's Gen Z protests highlighted Instagram's growing political influence, with Prime Minister Modi posting a selfie video that garnered nearly 400 million views. Meta dominates India's social media landscape with WhatsApp, Instagram, and Facebook b...
Meta is broadening its enterprise AI efforts beyond its initial AI agent for business customer service. CEO Mark Zuckerberg highlighted plans to sell AI-powered business agents, APIs, and possibly computing resources directly to businesses, aiming to...
Meta Platforms delivered strong operational results and revenue growth in Q2 despite an 8% drop in its stock price after earnings. The company faced margin compression due to increased R&D, legal, and severance expenses, but its core business and use...
Meta shares fell over 8% after the company announced plans to invest $130 billion to $145 billion in AI this year and reported Q2 earnings per share below Wall Street expectations. Despite a 28% revenue increase to $60.8 billion driven by AI-enhanced...
