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Meta reported better results than predicting and strengthening spending as she ascended to pushing her to lead artificial intelligence, despite Wall Street’s concerns about the American -Chinese trade war and economic uncertainty.
In the company’s first quarter of the company increased by 16 percent from a year to 42.3 billion dollars, overcoming expectations of $ 41.4 billion. The net income jumped by 35 percent to $ 16.7 billion, much higher than the unanimity estimates of $ 13.5 billion. Dead The shares increased more than 5 percent in the trading of the hours of Wednesday.
The technology giant expects its revenue in the second quarter of $ 42.5 billion-45.5 billion dollars, with the mid-range point slightly higher than Wall Street’s forecast of $ 43.8 billion.
“We have started a strong start for an important year, and our society continues to grow and do our business very well,” the CEO Mark Zuckerberg He said.
Zuckerberg this year has doubled his plans to make Meta “the leader of the artificial intelligence”, which strengthened spending on developing large open source language models and Amnesty International assistant. The company is also working to improve the content it recommends in the Facebook and Instagram vaccinations, as well as targeting its ads.
The results of the bumper appear to give up analysts’ concerns that the policy of definitions, President Donald Trump, and the relevant economic certainty, can knock on the announcement of dead as well as Amnesty International’s aspirations at Zuckerberg. Meta generates about 10 percent of its revenue from the China -based marketers, which was keen to spend recently.
On Wednesday, the company raised its capital expenses throughout the whole year to between 64 billion dollars and 72 billion dollars, from 60 billion dollars and 65 billion dollars, noting “investments in the additional data center” to support the advancement of artificial intelligence as well as “an increase in the expected cost of infrastructure devices”. Trump’s attack on the supply chains of global devices.
Meta estimated the total expenditures in 2025 in the range of $ 113 billion to $ 118 billion, a slight decrease from its previous 114 billion dollars to $ 119 billion.
The results come a day after Snap refused the smaller competitor to exchange the financial guidance for the second quarter in its profits, noting “uncertainty” on economic conditions in the coming months and “opposite winds” in the current quarter. Snap 12.4 per cent closed on Wednesday.
Meta has released many modern artificial intelligence advertisements because it races its competitors such as Openai, Elon Musk’s Xai and Microsoft to control the AI Touly.
In early April, Meta released the latest repetition of the AI Open Source 4 model, while on Tuesday launched an independent AI assistant application, which competes with the Chatgpt app from Openai.
Meta also took a step towards becoming a cloud provider, and announced from Llama API, a developed platform for those who are building on Llama’s models, in a move welcomed by analysts.
Zuckerberg has made Trump’s initiatives, and visited the White House several times this year in an attempt to improve relations with the president, as legislators are taking place artificial intelligence.
Meta also fights a legal challenge from the US Federal Trade Committee, which claims that the company maintains an illegal monopoly. Earlier this year, Zuckerberg failed in his attempt to negotiate a settlement in an attempt to avoid going to trial.
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