Meta's Q3 Earnings: Balancing Profitability with AI Investments
Meta Platforms Inc. reported strong third-quarter earnings, surpassing analysts’ expectations. With a profit of $6.03 per share compared to the anticipated $5.25, and revenue hitting $40.59 billion, the results demonstrate resilience in the face of mounting challenges. Despite this success,…
APAC Firms Set to Increase AI Investment by Over 20% in 2024
As artificial intelligence (AI) continues to transform various sectors, a recent study reveals a marked shift in investment strategies among Asia Pacific (APAC) firms. According to the IDC Data and AI Pulse: Asia Pacific 2024 report, commissioned by SAS, nearly…
US Dominates AI Funding, But Europe Shows Rapid Growth
In recent months, significant trends have emerged in the global funding landscape for artificial intelligence (AI) and related technologies. According to a report by the venture capital firm Accel, total funding for AI and cloud companies in the United States,…
