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Cloud Stocks: Meta Plays with AI Capabilities

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 ....

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CLOUDSUFI AI Enables Supply Chains

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. ....

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The good, the bad and the generative AI

The good, the bad and the generative AI
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