Meta boosts capex forecast in push to be an ‘AI leader’

Mark Zuckerberg Touts A.I. Business Messaging as Future Revenue Focus

Meta beat analyst expectations in the first quarter, reporting $42.3 billion in revenue, up 16 percent from the year prior, and $16.6 billion in profit, up 35 percent. Advertising remained its dominant income source, generating $41.3 billion in the past quarter. While much of Meta’s attention remains on advancing A.I., CEO Mark Zuckerberg emphasized a broader, longer-term vision: using A.I. to transform how businesses engage in commerce via mess…

Meta Platforms Q1 Earnings: Mark Zuckerberg Just Shattered the “AI Bubble” Narrative

Detailed price information for Meta Platforms Inc (META-Q) from The Globe and Mail including charting and trades.

Meta beats revenue forecasts, doubles down on AI spend

Meta Platforms beats Q1 estimates, boosts AI investments, and navigates rising infrastructure costs.

Meta's Mark Zuckerberg Pushes Full Tilt on AI Spending

Welcome to Tech In Depth, our daily newsletter with reporting and analysis about the business of tech from Bloomberg’s journalists around the world. Today, Kurt Wagner writes about Mark Zuckerberg’s undeterred enthusiasm that artificial intelligence will propel his company forward regardless of the outside economic conditions.

Meta forecasted it would make $1.4T in revenue from generative AI by 2035

Meta forecasts that its generative AI products will rake in $2 billion to $3 billion in revenue this year, and between $460 billion and $1.4 trillion by 2035, according to court documents.

Meta earnings recap: Stock pops on revenue, earnings beats, while Mark Zuckerberg talks AI, increased spending

Meta beat revenue and EPS estimates in first-quarter earnings.Jakub Porzycki/NurPhoto via Getty ImagesMeta reported first-quarter earnings on Wednesday, beating revenue and EPS estimates.CEO Mark Zuckerberg talked about AI plans and increased spending but tiptoed around tariffs.Meta's stock rose more than 5% in after-hours trading.It was another good quarter for Meta, which reported first-quarter earnings on Wednesday after the closing bell, bea…