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Forget the metaverse, AI is the money-spinner at Meta: Reality Labs lost $4.4 billion this quarter, but Mark Zuckerberg’s sharpened AI focus is delivering results – and there’s more to come with Llama 4 on the horizon
Meta posted strong financial results for the third quarter, indicating AI continues to be the company’s north star and driving significant revenue growth. The social media giant reported it generated $40.6 billion in sales, marking 19% year-on-year growth and outpaced analyst expectations that projected the company would only muster $40.19 billion in the quarter. Meta saw growth in user engagement,…
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Want to call yourself a real tech company? Mark Zuckerberg says get a technical CEO
Mark Zuckerberg believes tech companies need technical expertise at a leadership level if they’re to truly live up to expectations, according to a live airing of the Acquired podcast. The Meta CEO spoke about the question of product and technology, saying that businesses need to get the balance between them right and do both well. “I think you can define…
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Worldwide UC&C revenues to hit $69.1B mark this year, IDC projects – Computerworld
Some companies, like Cisco and Zoom, are including AI features in all their paid subscription plans, and others, like Microsoft, are charging separately for Copilot, he said. Gera said, “it is important to note, though, that the value proposition for these organizations varies, as Microsoft’s Copilot takes a more holistic approach by covering many office productivity applications in addition to…
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