Meta’s massive OS announcement is more exciting than a Meta Quest 4 reveal, and VR will never be the same again
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It will take a multi-year investment cycle before Meta’s AI offerings become profitable: Insights from Meta’s Earnings Call
Zuckerberg expressed confidence in monetizing AI through methods like ads and paid access to larger models, leveraging Meta's successful history with scaled technologies.
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Meta says revenue will be weak as it spends even more on AI
Push to integrate AI into Meta products boosts financial results, but share prices tumble with weak sales forecastMeta’s drive to integrate artificial intelligence into its products yielded strong financial results for the second quarter in a row. The company plans to spend even more on AI in the coming months, though, and its share price slumped more than 15% as the company reported earnings Wednesday. A weak sales forecast and higher spending guidance rattled investors.Mark Zuckerberg said his...
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The European Union will reportedly open a new investigation into Meta over election policies
The European Union is getting ready to launch a new investigation into Meta over its handling of election-related content, according to a new report in The Guardian. Details of the investigation could be announced “later this week,” but European officials are reportedly concerned about “deceptive advertising and political content.” According to the Financial Times, the EU has also raised concerns about Russia’s “efforts to undermine upcoming European elections” and other foreign interference...