{"id":14221,"date":"2024-04-24T21:37:27","date_gmt":"2024-04-24T19:37:27","guid":{"rendered":"https:\/\/costops.com\/index.php\/2024\/04\/24\/meta-says-revenue-will-be-weak-as-it-spends-even-more-on-ai\/"},"modified":"2024-04-24T21:37:27","modified_gmt":"2024-04-24T19:37:27","slug":"meta-says-revenue-will-be-weak-as-it-spends-even-more-on-ai","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2024\/04\/24\/meta-says-revenue-will-be-weak-as-it-spends-even-more-on-ai\/","title":{"rendered":"Meta says revenue will be weak as it spends even more on AI"},"content":{"rendered":"

Push to integrate AI into Meta products boosts financial results, but share prices tumble with weak sales forecast<\/p>\n

Meta\u2019s drive to integrate artificial intelligence into its products yielded strong financial results for the second quarter in a row. The company plans to spend even more on AI in the coming months, though, and its share price slumped more than 12% as the company reported earnings Wednesday. A weak sales forecast and higher spending guidance rattled investors.<\/p>\n

Revenue at the world\u2019s largest social media business increased 27% to $36.46bn during the first quarter in contrast to analyst expectations of $36.16bn. Earnings per share more than doubled <\/strong>to $4.71, surpassing expectations on Wall Street of $4.32.<\/p>\n

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\nPush to integrate AI into Meta products boosts financial results, but share prices tumble with weak sales forecast
\nMeta\u2019s drive to integrate artificial intelligence into its products yielded strong financial results for the second quarter in a row. The company plans to spend even more on AI in the coming months, though, and its share price slumped more than 12% as the company reported earnings Wednesday. A weak sales forecast and higher spending guidance rattled investors.
\nRevenue at the world\u2019s largest social media business increased 27% to $36.46bn during the first quarter in contrast to analyst expectations of $36.16bn. Earnings per share more than doubled to $4.71, surpassing expectations on Wall Street of $4.32. Continue reading…Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"

Push to integrate AI into Meta products boosts financial results, but share prices tumble with weak sales forecast Meta\u2019s drive to integrate artificial intelligence into its products yielded strong financial results for the second quarter in a row. The company plans to spend even more on AI in the coming months, though, and its share …<\/p>\n

Meta says revenue will be weak as it spends even more on AI<\/span> Read More »<\/a><\/p>\n","protected":false},"author":0,"featured_media":14222,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/14221"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=14221"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/14221\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/14222"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=14221"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=14221"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=14221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}