Mark Zuckerberg's AI obsession: Could Facebook change its name again?

Bernstein analysts issued a warning a few days after he made them and after meeting with tech investors."Keep an eye on Zuckerberg's newfound love with all things AI," they quipped in a research email."It seems that the year of efficiency is winding down and a name change to MetAI is now possible." Meta's public relations department did not respond to a request for comment on Monday.

In October, Meta's CFO said AI would drive"substantially all" of the company's capital expenditure growth in 2023. Meta has trimmed capex plans a bit since then, but the company has been buying a lot of Nvidia chips, which are needed to train new generative AI models. These components can cost about $10,000 each.

Meta reports quarterly results April 26, and Wall Street will be watching the company's spending and investment plans closely.

Source: News Formal (newsformal.com)

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Mark Zuckerberg's meeting with angry staff after new layoffsMark Zuckerberg grilled by angry employees who asked why executives received large bonuses during a year of layoffs and business turmoil
Source: BusinessInsider - 🏆 729. / 51 Read more »

'Got to try something': How Lombard's Mark Frerichs survived 32 months of captivity in AfghanistanOver 2½ years of captivity, Mark Frerichs endured beatings and threats of execution. While he fought to stay alive, loved ones at home fought for his release. Here's his story.
Source: dailyherald - 🏆 317. / 59 Read more »

Mark Warner says US should 'classify less' following classified documents leakSenate Intelligence Committee Chairman Mark Warner (D-VA) proposed a few reform proposals in the wake of classified military documents leaking online.
Source: dcexaminer - 🏆 6. / 94 Read more »

'Super Mario Bros.' wins box office for third straight week, nears $1 billion mark“The Super Mario Bros. Movie” continued to rack up coins at the box office, leading ticket sales for the third straight weekend, as the animation hit neared...
Source: MarketWatch - 🏆 3. / 97 Read more »

Kensington Palace releases the cutest photos of Prince Louis to mark his fifth birthdayPrince Louis looks elated as his mother, the Princess of Wales, pushes him around in a wheelbarrow.
Source: TODAYshow - 🏆 389. / 55 Read more »

Twitter's blue check-mark drama gets even stupider over the weekendWhat do Twitter's blue check marks signify? After this weekend, it's increasingly difficult to figure out.
Source: MarketWatch - 🏆 3. / 97 Read more »