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Meta Stock Surges

Meta's stock jumps into record territory, as earnings blow past expectations

Meta posted a second-quarter profit that beat expectations by a wide margin, and revenue that topped forecasts for a 12th-straight quarter, as active users, ad impressions and ad prices all rose. The company also provided a revenue outlook for the current quarter that was better than forecast.

U.S. News & World Report · 1d

Meta Stock Surges After Q2 Results Blow Past Expectations Despite Heavy AI Spending

In the midst of an artificial intelligence spending spree, Meta posted stronger-than-expected results for the second quarter, buoyed by growing ad revenue even as its expenses increased

Barron's · 1d

Meta Stock Surges Near Record High. Everything to Know About the Facebook Parent’s Blowout Earnings.

Meta Platforms, parent of Facebook and Instagra, stock surged after the social-media company blew out second-quarter earnings expectations.

Meta, AI and superintelligence

TechCrunch on MSN · 1d

Zuckerberg signals Meta won’t open source all of its ‘superintelligence’ AI models

Meta is shifting how it plans to ensure widespread access to superintelligence, a suggestion that the company’s most advanced AI may remain closed so that Meta can stay in the driver’s seat.

Barron's on MSN · 1d

Meta Is Betting Its Future on ‘Personal Superintelligence’. Here’s What That Means.

While framed around safety, it’s hard to believe that the Meta boss isn’t thinking about how the company will make money. While it is generating impressive revenue from AI-enhanced advertising, a “personal superintelligence” would open up huge new business opportunities in hardware and subscription revenue.

CNN on MSN · 1d

Meta’s ‘superintelligence’ isn’t here yet. But its AI bets are already paying off

If Meta investors had concerns about the company’s huge spending on artificial intelligence infrastructure and talent, they’re likely to be assuaged by its blockbuster earnings report on Wednesday. The results,

22hOpinion

Meta CEO Mark Zuckerberg is backsliding on the company's open-source approach to AI. It's a sensible pivot.

The Meta CEO is signaling a major strategic shift in the company's approach to generative AI.

1don MSN

Meta shares jump as AI fuels ad sales, outweighing big capital costs

Meta Platforms forecast third-quarter revenue well above analysts' estimates on Wednesday, as artificial intelligence once ...

Meta's AI spending spree is Wall Street's focus in second-quarter earnings

Meta investors will be scrutinizing CEO Mark Zuckerberg’s AI hiring blitz during the company’s second-quarter earnings on ...

Yahoo1y

Meta releases Llama 3, claims it's among the best open models ... - Yahoo

But Meta also makes the claim that the larger-parameter-count Llama 3 model, Llama 3 70B, is competitive with flagship generative AI models, including Gemini 1.5 Pro, the latest in Google's ...

1mon

Meta’s Tumultuous AI Era May Leave Llama Behind as Zuckerberg Hires From Competitors

Meta’s top executives have reportedly considered “de-investing” in the company’s Llama generative AI, according to a New York Times report on Friday. Instead, the Facebook parent may turn to AI models ...

TechCrunch1y

Meta confirms that its Llama 3 open source LLM is coming in the next ...

Meta has largely taken a very cautious approach with AI, but that hasn’t gone over well with the public, with previous versions of Llama criticized as too limited.

Fast Company2y

Meta's Llama 2 LLM could be a major challenger to OpenAI

Meta tells Fast Company that the Llama 2 models were trained on 40% more tokens (words or word parts) than the original Llama 1 models, and can read and remember far longer prompts—up to 4,000 ...

Cryptopolitan on MSN2d

Meta says it is democratizing AI but who controls it?

On the other hand, critics say Meta wants to shape how AI is built, used, and regulated without appearing too dominant by ...

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