Articles for tag: advertising industry, artificial intelligence, digital marketing, earnings growth, generative AI, Meta Platforms, Stock Market

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AI

Meta Platforms is poised for explosive growth, driven by AI in advertising, potentially achieving a $2 trillion valuation in three years.

Meta Platforms is positioned for significant growth, with the increasing use of artificial intelligence (AI) in the digital advertising space. Recent forecasts suggest that generative AI in advertising could skyrocket from $57 million in 2022 to $192 billion by 2032. Despite a dip in stock after reporting strong third-quarter earnings, Meta’s investments in AI infrastructure ...

Market News

AI

Mark Zuckerberg reveals Meta’s rapid AI infrastructure growth amid rising costs, surprising investors as expenses increase for 2024.

Mark Zuckerberg, CEO of Meta Platforms Inc., expressed surprise at the rapid development of the company’s AI data centers during a recent earnings call. He noted that the quick setup of servers and infrastructure has contributed to rising costs, prompting Meta to increase its 2024 capital expenditure forecast to between $38 billion and $40 billion. ...

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