Source:
Financial Times TechnologySocial media chief defends strategy based on personalised bots as costs rise and revenue projections disappoint
Get AI news in your inbox
Daily digest of what matters in AI.
Meta shares fell more than 15% after the company reported disappointing revenue projections and rising costs, as CEO Mark Zuckerberg defended his strategy of investing heavily in AI 'agents'—personalized bots that he believes will transform the social media platform. The stock decline erased over $200 billion in market value, reflecting investor skepticism about the near-term returns from Meta's AI spending.
Source:
Financial Times TechnologySocial media chief defends strategy based on personalised bots as costs rise and revenue projections disappoint
Get AI news in your inbox
Daily digest of what matters in AI.
EU-based hosting, git-push deploys, automatic HTTPS, no cold starts. Free tier with a custom domain — perfect for shipping the agent you just read about.