"Mark Zuckerberg has spent the past three months continuing his company's deeper push into artificial intelligence following a strategy shift and talent overhaul that he initiated in June with the $14.3 billion investment in Scale AI and the hiring of CEO Alexandr Wang."
"Investors will now be looking for Zuckerberg to start laying out a clearer strategy towards monetization. While Wall Street waits, it's getting plenty of growth out of Meta's core advertising business."
"Meta's capital expenditures for the first quarter are expected to come in at $27.63 billion, according to StreetAccount. In its fourth-quarter earnings report in January, Meta projected capex for the year will be between $115 billion and $135 billion."
Meta Platforms Inc. is intensifying its focus on artificial intelligence, led by CEO Mark Zuckerberg and the newly appointed Alexandr Wang. The company has invested $14.3 billion in Scale AI and launched its first proprietary model, Muse Spark. Analysts predict a 31% revenue increase, primarily from advertising, marking the strongest growth since 2021. Despite high capital expenditures projected between $115 billion and $135 billion, Meta's advertising strength indicates positive outcomes from its AI initiatives.
Read at www.cnbc.com
Unable to calculate read time
Collection
[
|
...
]