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Meta forecasts higher AI spending and weaker revenue

By Katie Paul and Yuvraj Malik (Reuters) - Meta Platforms disappointed investors on Wednesday with forecasts of higher expenses and lighter than expected revenue, sending its shares tumbling as it races to catch up in AI. Shares of the Facebook and...

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AI spending worries cast gloom over Alphabet, Microsoft

Investors appear to be losing
patience with Big Tech's prodigious artificial intelligence
investments this week after Meta Platforms signaled
deeper spending and a long road to profitability.
...

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AI Spending Worries Cast Gloom Over Alphabet, Microsoft

AI Spending Worries Cast Gloom Over Alphabet, Microsoft
usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.

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AI spending worries cast gloom over Alphabet, Microsoft, Telecom News, ET Telecom

During Meta's earnings conference call, analysts peppered CEO Mark Zuckerberg with questions about how the company was pacing its AI investments. One analyst asked whether Meta was spending more because it saw an even bigger opportunity from AI.

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ByteDance prefers TikTok shutdown in US if legal options fail, sources say

TikTok owner ByteDance
would prefer shutting down its loss-making app rather than sell
it if the Chinese company exhausts all legal options to fight
legislation to ban the platform from app stores in...

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Exclusive-ByteDance prefers TikTok shutdown in US if legal options fail, sources say

HONG KONG (Reuters) -TikTok owner ByteDance would prefer to shut down its loss-making app rather than sell it if the Chinese company exhausts all legal options to fight legislation to ban the platform from app stores in the U.S., four sources said. The algorithms TikTok relies on for its operations are deemed core to ByteDance's overall operations, which would make a sale of the app with algorithms highly unlikely, said the sources close to the parent. TikTok accounts for a small share of ByteDance's total revenues and daily active users, so the parent would rather have the app shut down in the U.S. in a worst case scenario than sell it to a potential American buyer, they said.

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Exclusive-ByteDance Prefers TikTok Shutdown in US if Legal Options Fail, Sources Say

Exclusive-ByteDance Prefers TikTok Shutdown in US if Legal Options Fail, Sources Say
usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.

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Snap beats first-quarter expectations with ad platform improvements

Snap beat Wall Street's
expectations for quarterly revenue and user growth on Thursday,
as improvements to its advertising system delivered results
faster than anticipated.
The owner of...

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TikTok: ByteDance prefers to shutdown app in U.S. than sell

TikTok owner ByteDance would prefer to shut down its loss-making app rather than sell it if the Chinese company exhausts all legal options to fight legislation to ban the platform from app stores in the U.S., four sources said.

Beijing , China , Hong-kong , United-states , New-york , Texas , American , Americans , Chinese , Sumeet-chatterjee , Jan-harvey , Jane-merriman

Snap beats first-quarter expectations, shares jump 25%

Snap beats first-quarter expectations, shares jump 25%
streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.

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