Meta's AI plans are costing way more than they thought
None Meta's Q1 earnings report reveals it was off by at least $5 billion in capital expenditures. • None The report said costs are expected to increase as the…
Source: biztoc.com
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Caterpillar Warns on Second-Quarter Sales as Volumes Slip
Caterpillar Inc. reported first-quarter results that showed machinery sales dipping from a year earlier and warned its second-quarter figures are also…
Caterpillar Inc None Malaysia Talks With Tycoons None Meta Miss Sparks Fears Tech With More Earnings
Source: biztoc.com
Live updates: Meta to report quarterly earnings today after market close
None Meta's stock is up roughly 40% in 2024. Meta will report first-quarter earnings on Wednesday after the closing bell. The company has had a strong start…
Source: biztoc.com
Mark Zuckerberg did not see the GenAI wave coming. He prepared anyway
None Meta acquired a horde of GPUs in order to change its algorithm, not to build generative AI tools. • None However, Mark Zuckerberg decided to buy twice as…
Source: biztoc.com
As most AI execs scramble for more data, Mark Zuckerberg says there's actually something more 'valuable'
The Entire Business World on a Single Page with the Web's Most Comprehensive One-Stop Finance News Hub.
Source: biztoc.com
Zuckerberg says Meta's Llama 3 is really good but no chatbot is sophisticated enough to be an 'existential' threat
None Meta launched the latest iteration of its chatbot, Llama 3, on Thursday. • None Mark Zuckerberg said the chatbot is "state-of-the-art" and has improved…
Source: biztoc.com
Mark Zuckerberg moves ahead of Elon Musk on richest person list as Tesla falters
None Meta CEO Mark Zuckerberg is now the third richest person in the world. • None Zuckerberg's wealth has outpaced Tesla CEO Elon Musk for the first time…
Source: biztoc.com
Instagram makes more ad money than YouTube, new court filings reveal
None Instagram generated $32.4 billion in ad revenue in 2021, making up 27% of Meta's total revenue. • None Instagram's ad revenue was higher than Google's…
Source: biztoc.com
US stocks surge in tech-led rally after red-hot jobs report
None US stocks surged on Friday, led by a tech-fueled rally and a blowout jobs report. • None Meta and Amazon posted strong earnings, driving Meta stock up by…
Source: biztoc.com
Meta spent billions to close offices and lay people off. Now we know why
Meta spent billions to close offices and lay people off. Now we know why. • None Meta lost an astonishing $16 billion on the Metaverse last year. • None But…
Source: biztoc.com