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Wall Street’s Patience for a Costly A.I. Arms Race Is Waning
New York Times· 6 days agoA sell-off in Meta’s stock after the company disclosed huge investments in the technology may be a ...
Meta's Q1 Earnings: Most Analysts Support AI Strategy, While One Says 'Use Meta As A Source Of...
Benzinga· 6 days agoMeta Platforms Inc META reported its first-quarter 2024 earnings, revealing a revenue of $36.45...
The US is now allowed to seize Russian state assets. How would that work?
Quartz· 7 days agoThe big U.S. aid package for Ukraine and other allies that President Joe Biden signed Wednesday also...
Kansas' governor vetoed tax cuts again over their costs. Some fellow Democrats backed it
Quartz· 7 days agoKansas' Democratic governor on Wednesday vetoed a broad package of tax cuts for the second time in...
Meta Reports Quarterly Revenue of $36.5B But Stock Falls After Increased Spending on AI
The Hollywood Reporter· 7 days agoMeta reported first quarter revenue of $36.5 billion, up 27 percent from the year-earlier period and...
Daily Brief: TikTok on the chopping block
Quartz· 7 days agoThe measure requires the app’s owner, China-based Bytedance, to divest TikTok or get banned in the States in 270 days — but its CEO said TikTok isn’t...
Meta earnings weigh on Magnificent Seven stocks. Here’s why investors shouldn’t panic.
Market Watch· 6 days agoare down more than 13% in morning action, and that decline could shave $170 billion off the Facebook...
Meta profits soar but costs of AI cause worry
AFP via Yahoo Finance· 7 days agoFacebook-owner Meta on Wednesday said its quarterly profits soared last quarter, but worries about the cost of artificial intelligence saw its share...
Wall Street stands by Meta even as costs rise and the stock sells off, cites AI leadership
CNBC· 6 days agoWall Street analysts are standing by Meta Platforms despite Thursday's sell-off. Shares of the ...
Meta’s Costs Rise Rapidly as Zuckerberg Vows to Keep Spending on AI Arms Race
The Wall Street Journal· 7 days agoMeta Platforms reported record first-quarter sales, building on AI momentum in its ad business,...
