Search results for Mark Zuckerberg
AI & Enterprise
Meta shares fall 6 percent on free cash flow deficit from AI spending
Meta shares fell about 6 percent on Oct. 22 after it posted a $2.12 billion third-quarter free cash flow deficit and raised the low end of its annual capital expenditure forecast, CNBC reported. Meta projected full-year capital spending of $135 billion to $145 billion. Credit markets also grew more cautious, with the spread on Meta’s 5-year credit default swaps rising to a record high. Third-quarter revenue rose 26 percent to $64.6 billion.
AI & Enterprise
Meta acknowledges losses at AI assistant Muse, Zuckerberg signals turnaround next year
Meta set next year as the point when it expects profitability to improve in its loss-making AI and hardware businesses. Chief Executive Mark Zuckerberg said the AI assistant Muse and Reality Labs are not currently generating profit, but he expects better profitability from next year. Meta plans to earn revenue by charging small transaction fees on purchases driven by Muse, which is available only in the United States and Canada. Meta also forecast Reality Labs losses to narrow over time.
AI & Enterprise
Meta third-quarter revenue up 26 percent, to create non-voting shares to fund AI investment
Meta will issue new non-voting shares to raise funds for AI investment, The Wall Street Journal reported. The company disclosed plans to create Class C common stock that will take effect in January 2027 and will not affect CEO Mark Zuckerberg’s voting control. Meta reported third-quarter revenue of $64.6 billion, up 26 percent, while net profit of $9.8 billion missed analysts’ estimates, pressured by a $9.9 billion settlement cost.
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Technology
Big Tech figures in Silicon Valley spark buzz with beer ranking
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AI & Enterprise
Microsoft president says AI regulation looser than for milk or washing machines
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AI & Enterprise
Meta unveils frontier AI models Muse Wonder, takes aim at Anthropic and OpenAI
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Telecommunications & Media
Hollywood takes aim at big tech as Silicon Valley titans become screen villains
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AI & Enterprise
AI slowdown calls clash with $800 billion infrastructure bets, raising fears for U.S. economy
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AI & Enterprise
Musk says retirement savings could become meaningless in 10 to 20 years
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AI & Enterprise
Why Apple skipped Trump\'s AI luncheon as Big Tech turns out
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AI & Enterprise
Trump, big tech sign AI safety pact but it has no legal force
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AI & Enterprise
Meta shares surge 27 percent in September on \'Muse\' hit, best month since 2022
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AI & Enterprise
Trump White House signs AI pledge leaving risk management to companies
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Games & Commerce
Meta\'s Muse faces limits on profits from shopping fees, analysts say
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AI & Enterprise
Can Meta\'s Muse sustain its early surge? A reality check
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AI & Enterprise
How Meta turned ordinary chatbot Muse into an AI buzz product
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AI & Enterprise
Meta\'s Muse puts AI connectors to the test, could it be biggest shift since app stores
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AI & Enterprise
EU\'s von der Leyen joins calls to slow AI development, pushes talks with top labs