meta Meta AI Falsely Labels Trump Assassination Attempt as Fictional Event Meta's artificial intelligence assistant incorrectly tells users that the recent assassination attempt on former President Donald Trump is a fictional event. The tech giant acknowledges the tool is providing incomplete and inaccurate information while working on a fix.
meta Meta's First Quarter Revenue Surges 27 Percent Driven by AI Growth Meta reports a massive 117 percent jump in first quarter income, reaching $12.4 billion on strong ad revenue. CEO Mark Zuckerberg highlights the successful rollout of the new Meta AI assistant powered by Llama 3.
meta Meta Q1 Profit Doubles to $12.4 Billion Despite Weak Sales Forecast Meta reports massive first-quarter growth with revenue jumping 27% and net income more than doubling. However, the stock falls as investors react to a weak future sales outlook and increased AI spending forecasts.
meta Meta Stock Plunges 16% Despite Record First-Quarter Earnings Meta reports a doubling in net income and strong revenue growth for the first quarter, but investors sell off shares after a weak second-quarter forecast and increased AI spending plans.
meta Analysts View Meta's Post-Earnings Stock Dip as a Buying Opportunity Meta reports strong first-quarter earnings that beat expectations, but the stock falls due to cautious forward guidance. Analysts view this sudden drop as a prime opportunity for investors.
meta Zuckerberg Asks Meta Investors for Patience Amid Massive AI Spending Spree Mark Zuckerberg urges Meta shareholders to remain patient as the company pours tens of billions of dollars into artificial intelligence. The spending surge causes an immediate drop in Meta stock as the CEO promises a multiyear journey before seeing meaningful financial returns.
meta Meta Shares Plunge $200 Billion Despite Strong Earnings as Zuckerberg Prioritizes AI Meta loses over $200 billion in market value after CEO Mark Zuckerberg focuses his earnings call on expensive, unmonetized AI and metaverse investments rather than immediate ad revenue growth.
meta Meta Commits to Building Open-Source Artificial General Intelligence Mark Zuckerberg announces that Meta is developing artificial general intelligence and plans to release it as open-source software. The company is backing this ambitious goal with a massive investment in Nvidia AI chips to build the necessary computing infrastructure.
meta Meta Opens LLaMA 2 AI to Public While Blocking Rivals Meta releases its LLaMA 2 artificial intelligence as open source, but hides a clause that blocks companies with over 700 million monthly active users from accessing the technology.
meta Meta's Threads App Surpasses 100 Million Users in Under a Week Meta's new social media platform Threads reaches a massive milestone just days after its official launch. The rapid growth positions the app as a formidable competitor in the text-based social networking space.
meta Meta's Threads App Surges to 100 Million Users in Record Time Meta's new social media platform Threads reaches a staggering 100 million users just days after its initial launch. The rapid adoption highlights massive consumer interest in an alternative to Elon Musk's X.
meta Meta's Threads App Rapidly Gains Users as Twitter Faces Existential Threat Meta's new Threads app surpasses 100 million users in less than a week, causing a noticeable drop in Twitter traffic and raising serious doubts about Twitter's survival.
meta Meta Surpasses $32 Billion in Q2 Revenue Amid Growing User Base Meta reports an 11% increase in second-quarter revenue to $32 billion, driven by a 34% surge in ad impressions. The tech giant also sees steady growth across its family of apps, reaching 3.07 billion daily active users.
meta Meta Surpasses Expectations With $32 Billion in Q2 Revenue Meta reports $32 billion in second-quarter revenue, beating Wall Street estimates despite a tumultuous year of layoffs. The tech giant also sees strong user growth across its family of apps ahead of the Threads launch.
meta Meta Reshuffles Priorities to Form Dedicated Artificial Intelligence Team Mark Zuckerberg announces a major restructuring at Meta to consolidate the company's artificial intelligence efforts into a single dedicated team. The shift signals Meta's renewed focus on AI development as the tech industry races to advance the technology.