Meta shares tumble as Zuckerberg outlines AI strategy amidst rising costs
Meta's shares have fallen sharply as CEO Mark Zuckerberg reveals plans to sell AI tools, amid growing frustration over the company's spending on AI initiatives. This comes as operational costs rise and revenue forecasts disappoint, leading to a decline in investor confidence and scrutiny of the company's pivot towards AI technology.
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Meta’s Zuckerberg strains to assuage investor worries on AI bet
Meta gave a disappointing revenue forecast for the current quarter, intensifying investor concerns that the social media giant isn’t swiftly benefiting from its massive outlay on artificial intelligence. Ed Ludlow reports. (Source: Bloomberg)
Meta’s Profit Falls 14 Percent as A.I. Spending Continues
The Silicon Valley company’s costs rose more steeply than revenue growth, as it continues to invest heavily in artificial intelligence. Products on display at the Meta Lab store in Midtown Manhattan.
Mark Zuckerberg predicts that billions of people will have personal AI agents in five years
As Meta pours billions into AI infrastructure and agents, Zuckerberg is working to convince investors that the payoff will be worth the price.
Meta shares fall as frustration grows over AI spending plans
Mark Zuckerberg said Meta intends to sell for the first time AI tools to other companies
Zuckerberg says Meta’s enterprise AI opportunity extends beyond agents
On the company’s second-quarter earnings call Wednesday, CEO Mark Zuckerberg said Meta sees a “large enterprise opportunity” spanning AI agents, APIs, compute, and internal software.
Meta shares tumble as Zuckerberg tries to sell his vision for AI ‘agents’
Social media chief defends strategy based on personalised bots as costs rise and revenue projections disappoint
Meta Gives Lackluster Quarterly Sales Forecast
Meta Platforms Inc. gave a disappointing revenue forecast for the current quarter, intensifying investor concerns about the social media giant’s spending on artificial intelligence. Bloomberg News Big Tech Team Leader Kurt Wagner says as long as Meta is making money and the core business is going, they can get away with aggressive AI spending on data centers. He argues, however, that the minute worry sets in of a potential slowdown on its core advertising business investors start to question if the company should be spending so much on infrastructure. Plus, a viewer question on Meta's capex spending. Bloomberg.com and Terminal subscribers can send in their questions for Carol Massar and Tim Stenovec to ask guests live on-air. Just go to Bloomberg.com/askradio (Source: Bloomberg)
Meta’s Zuckerberg Defends AI Bets to Skeptical Investors
Meta Platforms Inc. gave a disappointing quarterly revenue forecast, stepping up pressure on Chief Executive Officer Mark Zuckerberg to allay investor concerns that the company isn’t swiftly benefiting from its massive outlay on artificial intelligence.
Mark Zuckerberg Says U.S. Should Accelerate AI Development, Not Restrict It
Meta’s chief executive said that the discourse regarding AI isn’t optimistic enough and that banning foreign open-source models wouldn’t be productive.
Mark Zuckerberg Blasts Centralization of A.I. Power
In an interview with The Times, Meta’s chief executive took aim at Anthropic and OpenAI, which have pushed to tightly control A.I. development, and said he supported “more openness.” Mark Zuckerberg, Meta’s chief executive, said there needed to be people “bringing realism” to a debate about the way forward on artificial intelligence development.