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 digital ads, Meta expects slower revenue growth in Q3. Investors are concerned about the high costs of AI infrastructure as Meta competes with rivals like OpenAI and Google. CEO Mark Zuckerberg remains optimistic about AI's role in future growth, highlighted by a new $14 billion data center venture with BlackRock.
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 busi...
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...
