Meta reported better-than-expected financial results and shares rose 10%. CEO Mark Zuckerberg laid out ambitious visions for AI.
Ana-Maria Tapescu
.webp)
International
Foto: shutterstock.com
Always see our news on Google
Meta shares rose more than 10% after the company reported earnings per share of $7.14, beating estimates. CEO Mark Zuckerberg discussed investing in AI and the concept of "personal superintelligence." Meta invested $14.3 billion in startup Scale AI and expects Q3 revenue of $47.5-50.5 billion. Although the Reality Labs division has been loss-making, Meta is strengthening its position in social media, with 3.48 billion daily active users. This transition to AI has impressed investors, generating a significant surge in shares.
Sources
Meta câştigă 10% într-o zi, pe fondul unor rezultate peste aşteptări şi promisiunilor mari în domeniul AI
Acţiunile Meta au crescut miercuri cu peste 10%, după ce compania a raportat rezultate financiare peste așteptări pentru trimestrul II. Investiții masive în AI
Creştere de 10% a acţiunilor Meta, miercuri, după rezultate peste aşteptări şi o viziune ambiţioasă prezentată de Zuckerberg privind inteligenţa artificială
Latest News
13:31
Two Romanians arrested in Italy after allegedly stealing more than €2,300 worth of products from supermarkets
13:15
EU and Canada sign two space agreements, while access to Galileo services will be negotiated separately
13:10
Transport operators report problems with TollRo, while CNAIR cannot say how many fines have been issued
12:49
A scenario presented by Philip Lane shows how AI could lift euro area output 3.8% above baseline in 2030
12:40
A 74-year-old driver hit the barrier and an electricity pole on the Ploiești–Brașov route
See more news
NEWS ON THE SAME TOPICS
IT&C knowledge
Meta receives a record $25 billion fine / Judge accuses company of misleading the public
Current Affairs
Meta, ordered to pay 25 billion dollars for misleading users in the Cambridge Analytica scandal
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
