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Meta proves AI hype has its limits : Artificial intelligence is a multibillion-dollar project with no clear timeline for revenues
ft.com/content/698c79e0-0b0b-401d-8132-99a42f236b92
Quick Glance: AI Revolutionizing Call Centers: TCS Insights
- The head of Tata Consultancy Services predicts chatbots will reduce the need for human call center agents significantly, revolutionizing the industry.
- TCS's generative AI projects have doubled in value to $900 million by March, highlighting the increasing demand for tech talent and the need for workforce training.
- Reports suggest that overall IT services growth is affected by global uncertainties like inflation, war, and elections, leading to a decline in spending and slower revenue growth for companies like TCS and Infosys.
- Infosys anticipates a modest 1-3% sales growth in the upcoming financial year due to customers delaying discretionary spending on new tech projects amidst the current economic climate.
Meta's value plummets as Zuckerberg admits AI needs more time and money: Revenues up, but is the AI hype bubble is threatening to burst?
theregister.com/2024/04/25/facebooks_value_plummets_as_zuckerberg/
Quick Glance: Meta Invests Heavily in Artificial Intelligence
- Meta focuses on AI to enhance app appeal
- The smart glasses with AI capabilities aim to attract users
- Meta envisions AI assistants for complex tasks in communication
- Meta aims to become a global leader in AI, despite significant investments
Ads for Explicit ‘AI Girlfriends’ Are Swarming Facebook and Instagram: WIRED found thousands of ads running on Meta’s social platforms promoting sexually ...
wired.com/story/ads-for-explicit-ai-girlfriends-swarming-facebook-and-instagram/
Meta’s stock plunges on ‘aggressive’ AI spending plans: Shares in Meta plunged in premarket trading Thursday as the company’s plans to “invest aggressively” in ...
cnn.com/2024/04/25/investing/meta-stock-plunges-ai-spending/
Quick Glance: Meta Quarterly Results: Revenue Expectations Lowered, Stock Fell
- Meta's quarterly results exceeded expectations, but the revenue forecast for the next quarter was lowered.
- Despite successful ad business and increasing user numbers, Meta's stock experienced a drop of over 10 percent.
- Analysts caution about Meta's reduced revenue expectations for the second quarter, leading to investor skepticism.
- Zuckerberg plans to significantly increase investments in AI models in the coming years to enhance Meta's leading position in the artificial intelligence domain.
Meta’s Profits More Than Double, While Spending on A.I. Rises: The owner of Facebook, Instagram and WhatsApp continued to grow, even as it said it would spend ...
nytimes.com/2024/04/24/technology/meta-profit-stock-ai.html
Tech Stocks Tumble As Meta’s AI Bet Spooks Investors: “There are several ways to build a massive business here,” Meta CEO Mark Zuckerberg told investors ...
forbes.com/sites/roberthart/2024/04/25/tech-stocks-tumble-as-metas-ai-bet-spooks-investors/
Quick Glance: UK Watchdog Scrutinizes AI Partnerships Involving Tech Giants
- Britain's competition watchdog is reviewing AI partnerships between Microsoft and Mistral AI, as well as between Amazon and Anthropic.
- Third-party opinions are being sought on Microsoft's hiring of former Inflection AI employees and related arrangements.
- The CMA is already investigating Microsoft's partnership with Open AI and is awaiting requested information from the companies.
- Views are invited until May 9 before formal investigations begin on the partnerships.
Meta’s AI Spending Spree Is Boosting Chip, Networking, Server Stocks: Meta Platforms is headed for a phase of aggressive investments as it builds infrastructure ...
on.barrons.com/3wj7APn
Microsoft (MSFT), Alphabet (GOOGL) Face a ‘Show Me’ Moment After Meta Misfire: The stakes are high as two of the biggest artificial intelligence players prepare ...
bloomberg.com/news/articles/2024-04-25/microsoft-alphabet-face-a-show-me-moment-after-meta-misfire
Microsoft profits surge on AI as Snap up 27% and Meta stock takes hit: Investment in artificial intelligence has been a boon for Microsoft, while investors ...
independent.co.uk/tech/microsoft-stock-ai-meta-snap-alphabet-b2535063.html
Facebook parent company: Meta disappoints with outlook: The world's largest social network wants to become "the world's leading AI company ...
faz.net/aktuell/wirtschaft/unternehmen/facebook-mutterkonzern-meta-enttaeuscht-mit-ausblick-19676946.html
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Meta CEO Mark Zuckerberg Reveals Threads Just Reached 150 Million Monthly Active Users
techtimes.com/articles/303984/20240425/meta-ceo-mark-zuckerberg-reveals-threads-150-million-monthly-active-users.htm
Meta shares fall as it predicts higher expenditure on AI : Facebook and Instagram parent steps up investment as Big Tech jockeys for position in the sector
ft.com/content/6f00608a-8392-4062-b1f2-fb63910ac2dd
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Investors Cheer AI Spending Boom in Big Tech—Just Not at Meta: Meta had its worst trading day in 18 months after warning of years of AI investment ...
wsj.com/tech/ai/investors-cheer-ai-spending-boom-in-big-techjust-not-at-meta-42af2528
Marketing hype AI - even if no one wants them?: References to artificial intelligence or ChatGPT are mandatory marketing programs - from new Instagram features ...
wuv.de/Themen/KI-Tech/Marketing-Hype-KI-auch-wenn-sie-gar-keiner-will
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Nvidia stands to benefit as Meta spurs an even greater AI spending spree: Nvidia is among a number of companies expected to benefit from Meta’s loftier ...
trib.al/62edEz3
Nvidia with great potential: Who else will follow Meta?: Meta boosts profits and sales but increases AI investments, weighing on tech sector ...
deraktionaer.de/artikel/medien-ittk-technologie/nvidia-mit-grossem-potenzial-wer-folgt-nach-meta-noch-20356208.html
Facebook Group - Zuckerberg wants to make Meta number one in AI: Brilliant quarterly figures, big AI plans: But investors are causing the shares of the Facebook ...
szbz.de/nachrichten/artikel/zuckerberg-will-meta-zur-nummer-eins-bei-ki-machen
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Meta: More sales, more profits and investments in AI: Meta reported decent revenue growth in the first quarter of 2024. The parent company of Facebook, Instagram ...
stadt-bremerhaven.de/meta-mehr-umsatz-mehr-gewinn-und-investitionen-in-ki/
Zuckerberg burns some goodwill on Wall Street as he plows forward with metaverse: Investors clearly also concerned that Meta’s spending will include a lot more ...
marketwatch.com/story/zuckerberg-burns-some-goodwill-on-wall-street-as-he-plows-forward-with-the-metaverse-c4f8365f
Meta before numbers: All the important details: Meta will publish its Q1 figures on Wednesday evening. What are the chances of a beat and raise?
deraktionaer.de/artikel/medien-ittk-technologie/meta-vor-zahlen-alle-wichtigen-details-20356031.html
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Meta's AI offensive: What Meta AI and Llama 3 will achieve: The technical and strategic overview of the impact of Llama 3 and Meta AI on trading and marketing.
wuv.de/Themen/KI-Tech/Metas-KI-Offensive-Was-Meta-AI-und-Llama-3-bewirken-werden
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