Representatives from tech giants including Meta (META), Amazon (AMZN), Microsoft (MSFT), and Alphabet (GOOGL) met at the White House to discuss regulating artificial intelligence.
Yahoo Finance Video Meta Exec Nick Clegg talks White House AI meeting, regulation The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines. On the date of publication, Dana Blankenhorn held long positions in AAPL, MSFT and GOOGL. Meta’s network can bring the results to market.īut you don’t need big money or a big network to build a compelling tech product and scale it into something competitors can’t buy. We’re still in the tool-making stage of AI, and Meta has money to build tools with. You pay for certainty, for market dominance, for continuing growth on the top and bottom line. You don’t pay 30 times earnings or 5.5 times revenue for a maybe, just because you’re scared. That first quarter jump in profits? Mostly Chinese retailers buying ads for their export markets. About 5% of its total revenue in the last year has gone to lawyers . The company isn’t paying its content moderators in Africa. Meta is having to dump formerly-big acquisitions like Giphy for a song. Open source is building its own social networks, so Meta’s effort to copy Twitter would be like 68-year old me saying I’m going to date Taylor Swift. The threat of the Internet splintering into regional networks is real. Meta just got hit with a $1.3 billion fine for violating Europe’s data privacy regime.
#Meta stock free
In the developing world Meta IS the free Internet.īut while you’re piling into Meta stock, the company’s past is catching up with it. It has a network of scaled cloud data centers.
#Meta stock Pc
The PC revolution was won by start-ups, Apple (NASDAQ: AAPL) and Microsoft.Īt the start of every technology revolution, investors buy the incumbents. Zuckerberg calls it his “year of efficiency.” He’s using the stick, building a sandbox for AI innovation, and Wall Street is cheering.īut why should Meta, which pioneered global social networking, win the AI revolution? Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL) didn’t win social networking. Meta has been using this stick to force people out or back into the office. This gives tech companies a huge stick with which to beat people, something Wall Street loves unless they’re the ones being whipped. Professionals of all kinds will see huge improvements in their work, or they’re going to be working at Starbucks (NASDAQ: SBUX). That you can use the whole Internet as input, to create stories, art, music, or software, is a sea change in productivity.
Since the launch of ChatGPT, a generative AI program that can take vague input and deliver written output, a gold rush has begun the likes of which we haven’t seen since the Web was first being spun. It turned out to be Microsoft (NASDAQ: MSFT) BOB.īut Artificial Intelligence? AI is something else. The metaverse was supposed to be this mash-up of gaming, commerce and social networking that would transform how we live. It’s why CEO Mark Zuckerberg changed the name. People were dumping Meta last year and they’re buying it this year based on hope for the future.
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