Meta Platforms revenue grew by just 7% to $27.9 billion last quarter, falling within the company’s own projections but still markedly slower than the 20% reported in the fourth quarter. The company is anticipating revenue in the next quarter between $28 and $30 billion, a growth rate of 1.5%, including the impact of foreign exchange movements which knocked three percentage points off the...
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Microsoft CEO Says AI ‘Vicious Cycle’ Will Boost Google; Meta and OpenAI’s Other Rivalry
CEOs often speak from both sides of their mouth, depending on who their audience is. On Monday, Microsoft CEO Satya Nadella painted a scary picture of how Google could multiply its power in the age of artificial intelligence. His doom and gloom comments, made before a federal judge in Washington, contrasted with an upbeat Nadella from February who said that Microsoft’s Bing search—then being...
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