Meta hits pause on its AI characters
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Both tech companies are funding massive AI buildouts and could see strong long-term returns from these investments. But one stock edges out the other in a head-to-head comparison.
Meta will lay off hundreds in California as it moves resources from the metaverse to AI, affecting major offices in Burlingame and Playa Vista.
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Why Meta is positioning itself as an AI infrastructure giant—and doubling down on a costly new path
With Meta Compute, Mark Zuckerberg is turning data centers, chips, and power into what may be the company’s next great strategic weapon.
Analysts expect Alphabet and Meta to grow their revenues by 14.4% and 21.3%, respectively, year over year in 2025. Alphabet's Q3 operating margin was 31%, while Meta's was even better at 40%. It's hard to argue with the belief that owning both stocks might be the best move.
Meta Platforms, Inc. has announced the global rollout of Threads advertising starting next week. Learn more about META stock here.
DAVOS, Switzerland — Leaders from health care, media and tech shared how artificial intelligence is changing their companies' bottom lines at an event at Axios House this week. Why it matters: AI is transforming how businesses in emerging and legacy industries operate and generate revenue.
As Meta continues to shift its business model away from developing the metaverse, the company confirmed plans to lay off hundreds in California.
LeCun explained that his core mission is "not leadership, but to accelerate technological progress and inspire others to work on what interests them."