Meta expects infrastructure costs to be a "significant driver of expense growth next year."Jeff Bottari/Zuffa LLC via Getty Images; iStock; Rebecca Zisser/BIMeta's second-quarter revenue hit $39 billion, surpassing Wall Street expectations.The company says it's going to keep spending big this year to support AI research and development.Investors cheered despite the plans for increased spending.
Meta's Going To Spend Like Crazy On Ai In The Next Year — And Investors Don't Hate It
aaltchek@insider.com (Ana Altchek), Business Insider
Wed, 07/31/2024 - 3:32pm
Topics: jeff bottari/zuffa llc getty images rebecca zisser/bimeta meta ceo mark zuckerberg nvidia gpus meta's gpu analysts a jpmorgan quartz microsoft azure ray-ban meta business insider meta wall street ai microsoft microsoft spend year investors billion growth company revenue costs infrastructure earnings significant hit plans intelligence artificial released big expense driver research report support planning second-quarter expect stock continue expects building estimate investments increase good
BING NEWS:
- AI Is the Future, But Is It Actually Profitable?
Artificial intelligence, or AI, has driven the price of stocks higher, particularly over the past two years, as AI stocks like NVIDIA (NASDAQ:NVDA) and Broadcom (NASDAQ:AVGO) have seen their prices ...
09/8/2024 - 12:57 am | View Link - 'Time to be patient': A top fund manager shares why he's hoarding cash, betting big on gold, and shying away from AI
A top fund manager is keeping cash on hand in this rocky market as skepticism about artificial intelligence and worries about the economy mount.
09/7/2024 - 11:08 pm | View Link - 2 AI Stocks That Could Help Make You a Fortune
These companies exhibit growth rates that investors gravitate toward, potentially multiplying your investment over the long term.
09/7/2024 - 10:47 pm | View Link - Prediction: This Artificial Intelligence (AI) Stock Will Outperform Nvidia by Year End
The stock I predict will beat Nvidia by year end is Amazon ( AMZN -3.65%). Its booming e-commerce business sells essentials, general merchandise, and even various devices, books, and movies. It has ...
09/7/2024 - 11:35 am | View Link - AI Gobbled A Record Share Of Startup Funding This Year
So far this year, 35% of U.S. startup investment has gone to AI-related companies, per Crunchbase data. That appears to be the highest percentage on record, besting even 2023, when OpenAI secured its ...
09/5/2024 - 3:24 am | View Link - More
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more