Earlier last week, Meta (Nasdaq: META), formerly Facebook, announced its first quarter results that outpaced market expectations. The company continues to invest in its Metaverse initiative, but the results announcement drove the stock up 12% in the after-hours trading session. Meta's Financials Meta's Q1 revenues grew 3% to $28.65 billion, ahead of the market's estimates of $27.65 billion. Adjusted EPS fell 24% to $2.20, which was also significantly better than the market's forecast of $2.03. Daily Active Users (DAUs) grew 5% to 2.04 billion compared with the market's expected 2.01 billion. Family monthly active people (MAP) were 3.71 billion, in line with the market's expectations. Average revenue per user was reported at $9.62 compared with analyst estimates of $9.30. For the second quarter, Meta expects revenues to be in the range of $29.5-$32 billion, compared with the analyst estimates of $29.5 billion. Meta's Growth Plans Meta has announced si
CLOUDSUFI, a Google Cloud Partner and business solutions company, launched its Generative AI Innovation Lab powered by Google Cloud. The new hub, with a capacity of over 500 qualified AI professionals, is focused on empowering enterprises to build and adapt Generative AI solutions.
It goes without saying that technology is taking over the world, and artificial intelligence is a big part of it. We feature the main AI apps and platforms currently available.
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