Meta publishes promising Quest revenue for first quarter of 2024
Reality Labs' Q1 2024 is up 30% from Q1 2023, mostly due to Quest headset sales according to Meta CFO Susan Li.
Source: phonearena.com
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Meta chief lays out long-term AI plan | Computer Weekly
During the company’s first quarter earnings call, Mark Zuckerberg and chief financial officer Susan Li discussed Meta’s long-term bet on AI.
Source: computerweekly.com
What Meta's expensive hunt for AI gold means for telcos
Meta's spending splurge on AI, and the likelihood hyperscaler results will show the same, should alarm the world's telcos.
Source: lightreading.com
Facebook Parent Meta Q1 Earnings: Numbers Good But Stock Dips
Facebook parent Meta had solid Q1 results but the stock dipped on spending as the company ramps up AI and lower that expected revenue forecasts.
Source: deadline.com
Meta's Metaverse is still losing Mark Zuckerberg's company billions
But the Facebook parent's virtual reality research and development unit, Reality Labs, reported shrinking losses
Source: qz.com